About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, July 21st, 11:57AM
Check out GoodReturns TV now! Dismiss
rss
Latest Headlines

Getting to Know: Michael Naylor

Michael Naylor has spent a lot of time studying financial advisers - but he wants you to know he's not a "loony-leftie" academic.

Friday, July 14th 2017, 11:00AM

by Susan Edmunds

Who are you and what do you do?

Michael Naylor and I teach and research into investment and insurance at Massey University.

What prompted your interest in financial advice and financial services?

After leaving New Zealand in 1992, due to lack of jobs, I moved to Singapore and then Malaysia. While working at a university, I become involved in setting up and teaching financial planning. In 1999, I was brought back to New Zealand by Massey to teach risk management and set up Massey’s insurance graduate diploma. As part of that, I became involved with the IAFP, then the FPIA, then the IFA. From talking to many students and advisers over the years, I have become very involved in the New Zealand financial and insurance advice industry.

I come from a rural village background and I seem to have an unusually large number of school friends who have suffered severe accidents. I have thus spent time in spinal hospitals and care facilities, which gave me a keen empathy for the issues which the handicapped face. I thus have a high level of passion about the worth of insurance.

If there is one thing you would like to change about the financial advice industry, what would it be? 

Increase the trust the New Zealand public have for the value of financial and insurance advice.

What’s the best advice you have ever received?

Not to care too much about what others think and to do what’s right.

What would you like advisers to understand about the work you do?

That finance academics aren’t the loonie-left ivory tower types. That our job is to help upskill the industry and make it more professional.

Are you a KiwiSaver member?

Yes, but only recently. The Massey Super scheme offers a better deal.

If so, what’s your investment strategy?

At my age – growth mutual funds.

Outside of work what do you do? 

I love movies, great literature, good friends and the New Zealand bush.

What would you say if one of your kids told you they wanted to be a financial adviser?

It’s a great career, and one which is future-proofed. You’ll need to have more charm and a memory for names than I do.

What’s one thing people may be surprised to know about you?

That I spent 18 months traveling through and living in the world’s poorest countries. One of my favourite memories is of cruising up the Congo River in the deepest heart of the rainforest, sitting on the barge roof with Reggae and Congo-beat music blasting out as canoes emerged from the middle of nowhere.

If you weren’t in this job what would you be doing? 

Working for a consultancy firm or investment bank.

What would you like to be doing in 10 years' time?

Happily retired and travelling the world with my wife. There are still 150 countries I haven’t been to. Probably writing the occasional provocative book.

Tags: financial advisers Getting to Know health insurance IFA investment KiwiSaver Massey University\ risk management

« $2b tilting programme 'good example' for advisersAdviser gets community work, fine »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • FMA finds room for improvement
    “Brent - I suspect you're not alone. I've heard of similar experiences and agree with the call to action....”
    8 hours ago by dcwhyte
  • FMA finds room for improvement
    “Hi David No I didn’t bother alerting the FMA re the performance data because, from memory, I had previously alerted...”
    12 hours ago by Brent Sheather
  • FMA finds room for improvement
    “Agree with Brent's comments - and would ask if the performance data cited has been forwarded to the FMA for action? With...”
    13 hours ago by dcwhyte
  • FMA finds room for improvement
    “Very strange that “consumers still feel they aren’t being told the full story about fees” yet the FMA and the CFFC...”
    15 hours ago by Brent Sheather
  • FMA overstepping bounds: Weatherston
    “I was under the impression that the FMA was the primary regulator and enforcer of the law, not the law maker themselves....”
    1 day ago by Pragmatic
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 5.05 5.35 5.59
ANZ Special - 4.55 4.85 -
ASB Bank 5.80 4.85 5.14 5.49
ASB Bank Special - 4.45 4.74 5.09
BankDirect 5.80 4.85 5.14 5.49
BankDirect Special - 4.45 4.74 5.09
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.79 5.09
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 5.45 5.50 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 5.00 5.20 -
Housing NZ Corp 5.79 4.85 5.14 5.49
HSBC Premier 5.79 4.09 4.29 4.89
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.70 4.59 4.69 5.09
Kiwibank 5.70 4.95 5.29 5.75
Kiwibank - Capped - - - -
Kiwibank - Offset 5.70 - - -
Kiwibank Special - 4.45 4.79 5.25
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.00 4.86 4.75 5.30
Lender Flt 1yr 2yr 3yr
SBS Bank 5.79 4.99 5.29 5.59
SBS Bank Special - 4.59 4.85 5.25
Sovereign 5.90 4.85 5.24 5.49
Sovereign Special - 4.45 4.84 5.09
The Co-operative Bank - Owner Occ 5.75 4.59 4.85 5.25
The Co-operative Bank - Standard 5.75 5.09 5.35 5.75
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 4.49 5.15
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 5.29 5.59
Westpac - Capped rates - 5.26 5.36 -
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.95 - - -
Westpac Special - 4.59 4.85 5.09
Median 5.80 4.85 5.14 5.38

Last updated: 7 July 2017 9:26am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com