Archive - 2009
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April 2009
28 Apr 2009 Southern Cross has rating affirmed
28 Apr 2009 One strike and you're out - policy unfair
28 Apr 2009 McMillan develops new career at TNP
27 Apr 2009 McMillan set to leave PAA
27 Apr 2009 Rates round-up
27 Apr 2009 News Round Up
26 Apr 2009 50 pt rate cut predicted
24 Apr 2009 [Weekly Wrap] Did I hear you say progress?
24 Apr 2009 Fronting up on asset allocation
24 Apr 2009 Three changes at Guardian
24 Apr 2009 Adviser case ruling controversial
24 Apr 2009 GRA wins top trustee award
23 Apr 2009 Flat fee companies being discriminated against?
23 Apr 2009 Turning rate thinking on its head
23 Apr 2009 UK transfers boost AXA NZ kitty
23 Apr 2009 Turning rate thinking on its head
22 Apr 2009 Women in Super industry breakfast
22 Apr 2009 Most KiwiSaver funds positive
22 Apr 2009 Sales activity returning
21 Apr 2009 Local incorporation out of insurance bill
21 Apr 2009 ING's three headed distribution team
21 Apr 2009 New rules for advisers outlined by Sec Com
21 Apr 2009 Sec Comm thoughts on setting adviser competence standards
21 Apr 2009 Rabo's new PIE
21 Apr 2009 Commission says company must tell both sides of story
21 Apr 2009 Viaduct Capital loses Crown guarantee
21 Apr 2009 IFA appoints investment group committee
20 Apr 2009 News Round Up
17 Apr 2009 [Weekly Wrap] Is this a turning point in the markets?
17 Apr 2009 Kiwis recognise need to save for retirement
17 Apr 2009 Product recall argument daft
17 Apr 2009 Be careful who you listen to
17 Apr 2009 Infrastructure - Having you cake and eating it too
17 Apr 2009 Liontamer looks to Australia
17 Apr 2009 Improving market encourages more sales at Pegasus
16 Apr 2009 Professionals split over KiwiSaver
16 Apr 2009 Drug case outcome sets the bar
15 Apr 2009 Smedley leaves Guardian Trust
15 Apr 2009 Pathfinder looks for beta times
14 Apr 2009 Tower software aims for new standard
14 Apr 2009 Rates round-up
14 Apr 2009 News round-up
09 Apr 2009 Price data can confuse
09 Apr 2009 [Weekly Wrap] The return of an old friend
09 Apr 2009 Residential Real Estate market spikes: REINZ
09 Apr 2009 Residential Highlights – March 2009
09 Apr 2009 Eco-My-Flat competition encourages better tenants
09 Apr 2009 Economists agree OCR cut coming
09 Apr 2009 Govt weighs up foreign fund free-for-all
09 Apr 2009 NZ property values drop 9.3%
09 Apr 2009 QV residential highlights - March 2009
08 Apr 2009 Five Star directors banned
08 Apr 2009 Market Review: April 2009 Commentary
08 Apr 2009 Market Review: London April 2009 Commentary
08 Apr 2009 [Book] The Complete KiwiSaver
08 Apr 2009 Figures show baby boomers after property bargains
08 Apr 2009 ASFONZ / Women In Super Wellington Breakfast
08 Apr 2009 Plan B to see Fowler in court
07 Apr 2009 ANZO signs up new portfolio manager
07 Apr 2009 Syndicated property back
07 Apr 2009 Public Trust gets govt guarantee on interest
07 Apr 2009 Figures show baby boomers after property bargains
06 Apr 2009 Rates round-up
06 Apr 2009 News round-up
03 Apr 2009 [Weekly Wrap] Reinventing the wheel
03 Apr 2009 Change of leadership for AMP
03 Apr 2009 A new worry for the market
03 Apr 2009 Auckland house sales hit 20-month high
03 Apr 2009 Falling interest rates making property more attractive
03 Apr 2009 PIS International Conference 2009
03 Apr 2009 Kiwibank grabs market share as Aussie banks shut shop
03 Apr 2009 A bouquet for associations
03 Apr 2009 G5 takes off with NZMBA on board
03 Apr 2009 Money@Work
02 Apr 2009 Marac appoints new CEO
02 Apr 2009 Fidelity snaps up Whyte for directorship
02 Apr 2009 AXA plus four in new advisory JV
02 Apr 2009 Women in Super industry breakfast
01 Apr 2009 ISI calls for 2011 date for life tax changes
01 Apr 2009 New non-bank rules due this year
March 2009
31 Mar 2009 HSBC's profit jumps despite bad loans ballooning
31 Mar 2009 Gatward joins Public Trust
31 Mar 2009 Bluestone actively managing loans
31 Mar 2009 Predicted growth surge positive for housing
31 Mar 2009 Landlords warned over drug rings
31 Mar 2009 ING and LM Investments battle over fund redemption
30 Mar 2009 AXA to wind up mortgage funds
30 Mar 2009 Home-building approvals rise
30 Mar 2009 10th Annual Superfunds Conference
30 Mar 2009 One plan to cut resource management inertia
30 Mar 2009 SBS profit jumps in Dec Qtr despite rising mortgage arrears
30 Mar 2009 News round-up
27 Mar 2009 Weekly Wrap: Let's get the ball rolling
27 Mar 2009 Let's get the ball rolling
27 Mar 2009 Regs wait for Commissioner
26 Mar 2009 Tasman Mortgages placed in liquidation
26 Mar 2009 Fonterra may sell more NZ bonds amid strong investor demand
26 Mar 2009 Cull continues at ING
26 Mar 2009 Opinion: Screwing up the recession
26 Mar 2009 Camelot Conference
Latest News
Flood tide for Harbour
Flood tide for Harbour
3 min read
Advisers hope AI widens market
Advisers hope AI widens market
2 min read
Koura reports another loss
Koura reports another loss
1 min read
Can AI pick the best KiwiSaver provider?
Can AI pick the best KiwiSaver provider?
4 min read
Latest Comments
FE Investments in receivership
Fei , trustees still hold large of money not yet refund fully.
1 week 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.
2 weeks 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.
3 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?
3 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.
3 weeks ago P Urbani