Archive - 2018
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July 2018
09 Jul 2018 Loan Market reveals settlement numbers
09 Jul 2018 Did the Australian Royal Commission change everything? Or had everything changed already?
09 Jul 2018 Avoid the one bank trap
09 Jul 2018 Financial Advice NZ's next challenge: Everyone else
06 Jul 2018 Loan Market settles record amount
06 Jul 2018 New alliance to up property manager standards
06 Jul 2018 Auld takes advice role
06 Jul 2018 Fiducian: Outsource manager selection, improve service for clients
05 Jul 2018 ASB predicts “mild” OCR increase
05 Jul 2018 Unregistered insurance adviser avoids prison
05 Jul 2018 The latest on Kiwibuild
05 Jul 2018 New advice rules to consider trail commissions
05 Jul 2018 New chair for Financial Advice NZ certification body
04 Jul 2018 Kiwibuild eligibility criteria revealed
04 Jul 2018 Mortgage Express targets China with Auckland hire
04 Jul 2018 SuperCity market down but not out
04 Jul 2018 TSB appoints new chief executive
04 Jul 2018 Tax working group agrees property fairly taxed
04 Jul 2018 Winter chill settles on market
04 Jul 2018 Winter chill settles on market
04 Jul 2018 Sector exclusions lazy CIO says
03 Jul 2018 Cigna rebrands to target the young
03 Jul 2018 Call for even greater commission disclosure; New role for Bailey
03 Jul 2018 New PIGS, the CANNS or SNACZ?
03 Jul 2018 Auckland listings plummet
02 Jul 2018 AIA completes Sovereign deal
02 Jul 2018 Disclose “incentives” and “perks”: Southern Cross CEO
02 Jul 2018 Scot Bailey moves to new role at Westpac
02 Jul 2018 Is vaping a new risk for landlords?
02 Jul 2018 More rate cuts; Are Special rates misleading?
02 Jul 2018 The employer’s conundrum
02 Jul 2018 Needs analysis and your advice process
02 Jul 2018 [GRTV] Meet Financial Advice NZ CEO Katrina Shanks
02 Jul 2018 Fine balance for new code
02 Jul 2018 Law changes offer greater KiwiSaver flexibility
02 Jul 2018 Commission disclosure no big deal for good advisers
June 2018
29 Jun 2018 Milford appoints distribution head
29 Jun 2018 Auckland consents reach 15 year high
29 Jun 2018 Interest rates not likely to move for a long time
29 Jun 2018 Westpac makes major commission changes
29 Jun 2018 AML break for RFAs
28 Jun 2018 Mercer gets RI tick
28 Jun 2018 Cigna cuts ties with LifeDirect
28 Jun 2018 OCR words open door for cut
28 Jun 2018 Fewer direct retail investors in NZX
28 Jun 2018 Today's OCR statement
28 Jun 2018 RBNZ leaves OCR alone; Here's why
28 Jun 2018 Mortgage lending hits two year high
28 Jun 2018 FMA: Gloves are off on AML
27 Jun 2018 Nikko appoints portfolio manager
27 Jun 2018 Hobson Wealth starts buying and selling
27 Jun 2018 Short term rental industry thriving
27 Jun 2018 Co-Op Bank moves
27 Jun 2018 FSCL warns: Roboadvice creates non-disclosure risk
27 Jun 2018 AML laws 'waste of time, money'
26 Jun 2018 [Obituary] Cary Veenhof: The BDM’s BDM
26 Jun 2018 Trustees Executors adds a new director and still searches for a chairman
26 Jun 2018 BNZ cuts; Bank staff still pressured to sell products
26 Jun 2018 Bank targets 'put customer interests at risk'
25 Jun 2018 Co-op shares $2.1m with customers
25 Jun 2018 Adviser limits fees
25 Jun 2018 Going digital for adviser businesses
25 Jun 2018 Energy city powering on
25 Jun 2018 OCR Preview: The latest outlook for interest rates
25 Jun 2018 New portfolio compliance tool comes to market
25 Jun 2018 OCR to stay on hold
25 Jun 2018 The Right Benchmark is the Bedrock of Strong Active Management
22 Jun 2018 Banks get visit from regulators
22 Jun 2018 Westpac does some matching cuts
22 Jun 2018 Four year high in migrant departures
22 Jun 2018 Foreign buyer ban hangover pending
22 Jun 2018 Former Lifetime boss acquires advice firm of the same name
22 Jun 2018 Advisers set clients on right investment path
22 Jun 2018 Construction slump slows GDP
21 Jun 2018 UDC posts profit
21 Jun 2018 Kiwis back shared equity schemes
21 Jun 2018 Interest Rate Cycles: Endings and Beginnings
21 Jun 2018 AMP appoints new chairman
21 Jun 2018 ANZ matches leader
21 Jun 2018 What makes an adviser independent, anyway?
20 Jun 2018 The correct facts about tax and rental properties
20 Jun 2018 The correct facts about tax and rental properties
20 Jun 2018 Correct facts on tax & rental properties - NZPIF
20 Jun 2018 What New Zealanders want from KiwiSaver may surprise you
20 Jun 2018 Queenstown tops NZ rent ranks
20 Jun 2018 Rating agency reviews OnePath Life
20 Jun 2018 Salt appoints chief operating officer.
19 Jun 2018 NZ Super appoints new CEO
19 Jun 2018 Tax changes would slash house prices
19 Jun 2018 Tax changes would slash house prices
19 Jun 2018 Fees 'still too high'
19 Jun 2018 Boyle moves back to private sphere
18 Jun 2018 Lender cuts rates; Guilty verdict over $54mill mortgage fraud
18 Jun 2018 P2P lender cuts rates
18 Jun 2018 Demand cools in Auckland
18 Jun 2018 To have and to hold
18 Jun 2018 It's time for RFAs to make some noise
18 Jun 2018 National: Reserve Bank role needs scrutiny
18 Jun 2018 'Drop mandatory insurer strength ratings'
18 Jun 2018 Associations' last days
Latest News
Can AI pick the best KiwiSaver provider?
Can AI pick the best KiwiSaver provider?
4 min read
[Weekly Wrap] What we know, and don't know, about Labour's retirement policies. Plus a potential surprise
[Weekly Wrap] What we know, and don't know, about Labour's retirement policies. Plus a potential surprise
2 min read
NZX aims for 5% of KiwiSaver market in three-to-five years
NZX aims for 5% of KiwiSaver market in three-to-five years
3 min read
Trust in AI’s decision making not keeping pace with adoption
Trust in AI’s decision making not keeping pace with adoption
3 min read
Latest Comments
FE Investments in receivership
Fei , trustees still hold large of money not yet refund fully.
6 days ago Raymond Yang
Who is responsible for notifying policy changes?
There is no doubt the obligation is on the insurer who the contract is with. Clearly it would be prudent for an adviser to assist once given clear information by an insurer to assist with the communication but to extend this further. For an insurer to attempt to slide this onto an advisers plate is abdication. The adviser can not change the contract.
1 week ago Darryl Scott
FMA CEO on leave
At the risk of sounding like a broken record, the fundamental flaw in the legislation came about partly through the event that Murray mentions, and also through the negligence of the Select Committee in ignoring the single most cited recommendation in all the submissions (over 34% from memory) of drawing a distinction between product sales and financial advice. To add to their misdemeanour, the Committee then added a paragraph to the Bill confirming that recommendation of one product only constituted financial advice - or words to that effect. The inherent conflict of interest lies in an individual retained by a Class 4 licensee being required to adhere to a code of conduct that requires prioritisation of client interests. To expect a product sales person to subordinate their contractual obligation to their employer is unrealistic, unworkable, and unreasonable. To emphasise, I have no issue with a product provider marketing and selling their own products - but not behind the opaque veil of legislation intended to govern financial advice. If MBIE ever gets around to review FSLAA, Financial Advisers, FANZ, and all other interested stakeholders should mount a fully-funded intensive campaign to persuade our employees in Wellington to remove class 4 licensees from FSLAA, and replace their obligations within an amended CoFI Act.
2 weeks ago David Whyte
FMA CEO on leave
@Murray: The reps seemed to be acting on their personal interests rather than the interests of advisers. Conflict of interest, isn't it?
2 weeks ago w k
KiwiSaver funds shake off Middle East tension
In this recent presentation of mine https://www.knowrisk.co.nz I show that the average Balanced KiwiSaver fund has added approximately +0.43% over and above the gross average policy Benchmark's return's. However, the averge annual costs of -0.97% for Balanced funds have eroded that to be slighly below BMK after costs consistent with typical SPIVA studies. Note this cost number is for the 45 Balanced Funds used only - for all KiwiSaver Funds it is closer to -0.70% p.a. The presentation goes on to show that quite a bit of return is being left on the table by the one size fits all view of risk.
2 weeks ago P Urbani