Archive - 2018
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March 2018
08 Mar 2018 Boosting Auckland housing development
08 Mar 2018 New hire at Mortgage Express
08 Mar 2018 ANZ puts OnePath on the block
08 Mar 2018 Get recruitment processes in order
08 Mar 2018 Adviser's in-laws lose IFSO complaint
07 Mar 2018 Masonry fix timeline extended
07 Mar 2018 Go regional for gains
07 Mar 2018 Fees refunded after portfolio complaint
06 Mar 2018 Law review terms released
06 Mar 2018 Adviser group reveals new chief executive
06 Mar 2018 BNZ cuts a rate; Economists split on next OCR move
06 Mar 2018 New Zealand economists divided over OCR
06 Mar 2018 Fidelity Life makes top People and Culture appointment
06 Mar 2018 Fisher Funds chairman resigns
06 Mar 2018 Quality mark framework developed
06 Mar 2018 'Every investment situation' could be affected by tax group
06 Mar 2018 Coaching your clients on how to hire a good financial adviser
06 Mar 2018 Embrace work space changes
05 Mar 2018 Sellers lower price expectations
05 Mar 2018 New owners for non-bank lender
05 Mar 2018 Rotorua more than bubbling along
05 Mar 2018 Perennial man gets new role
05 Mar 2018 KiwiSaver fee drop 'missed the mark'
05 Mar 2018 Licensing questions need answers
02 Mar 2018 Costs impact on consents
02 Mar 2018 Bluestone hails “extra firepower” after US takeover
02 Mar 2018 FMA still waiting for first robo applications
01 Mar 2018 Market blues for investors
01 Mar 2018 Nikko takes out top Award
01 Mar 2018 RESIMAC applications up 30% as Homeloans profits soar
February 2018
28 Feb 2018 Meet the latest non-bank lender to market; How hot is HSBC's new rate? Find out here
28 Feb 2018 Migration resilience means no demand let-up
28 Feb 2018 Bright line test extension fast tracked
28 Feb 2018 Platforms' commission question
28 Feb 2018 Working group raises FSLAB worries
27 Feb 2018 FMA takes FSPR action
27 Feb 2018 There's more to a home loan than the rate
27 Feb 2018 Multi-million mortgage fraud trial gets underway
27 Feb 2018 Bluestone returns after 10 year absence
27 Feb 2018 Ralph Stewart's Lifetime group hits five
27 Feb 2018 Retirement beckons for Scott Black
27 Feb 2018 April launch planned for Pie Wealth
26 Feb 2018 Kerr Neilson steps back at Platinum
26 Feb 2018 Rents on the rise
26 Feb 2018 Top 10 tips for managing commercial tenants
26 Feb 2018 'Information gap' harming KiwiSaver outcomes
26 Feb 2018 FSLAB: Still changes to be made, associations argue
26 Feb 2018 FundSource adds Oyster to its research menu
23 Feb 2018 HSBC does it again
23 Feb 2018 Getting to Know: Tim Fairbrother
23 Feb 2018 Fidelity Life makes key Otago/Southland sales appointment
23 Feb 2018 Capital prices hit record high
23 Feb 2018 AMP Capital funds net first investors
23 Feb 2018 Disclosure rules will fit the situation: MBIE
22 Feb 2018 Lending criteria to ease, rates to rise
22 Feb 2018 NZ Super Fund: Returns will fall
22 Feb 2018 ANZ tightens lending controls following fraud case
22 Feb 2018 Employment growth gets credit for insurance increase
22 Feb 2018 Lifetime, Camelot may join forces
21 Feb 2018 NZ Super Fund drops carbon investments
21 Feb 2018 Ageing population behind reverse mortgage rise, says Heartland
21 Feb 2018 People + technology: better together
21 Feb 2018 Housing risks to peak in 2018
21 Feb 2018 Greater flexibility for earthquake fund
21 Feb 2018 Financial Advice NZ CEO: Dodds vs Severn?
21 Feb 2018 Lack of prospectus costs adviser insurance claim
20 Feb 2018 Morningstar finalists announced
20 Feb 2018 China's Phantom Slowdown
20 Feb 2018 New leading 5-year rate; Bagrie is back
20 Feb 2018 Price expectations hit new low
20 Feb 2018 FMA concerned at AFA disclosure
19 Feb 2018 Partners Life sponsors exhibition
19 Feb 2018 NZX reports FUM lift
19 Feb 2018 Throwing out the rulebook
19 Feb 2018 Big opportunity for advisers: Mercer
16 Feb 2018 Century 21 appoints Home Loans GM
16 Feb 2018 Get ready for downturn - Bagrie
16 Feb 2018 Getting to Know: Nick Stewart
16 Feb 2018 Barry Read's IDS to merge with Strategi
16 Feb 2018 One-year term gets more interesting; Compliance firms merge
16 Feb 2018 Strategi and IDS merge
16 Feb 2018 GRTV: No bull like an old bull
16 Feb 2018 Who'll still be standing in 12 months' time?
15 Feb 2018 Extension to bright line test on the way
15 Feb 2018 Blackwell eyes gap in market with new funding line
15 Feb 2018 Don’t count on the housing market recovery
15 Feb 2018 Super Fund appoints acting chief executive
15 Feb 2018 Advisers get automation boost
14 Feb 2018 Quality mark plan raises CFP questions
14 Feb 2018 Pathfinder bolsters responsible investment capability
13 Feb 2018 Stocktake offers no solutions
13 Feb 2018 ANZ gets aggressive
13 Feb 2018 Advice penalties increase
12 Feb 2018 Harbour adds to board
12 Feb 2018 Tenancy law reform needed: housing stocktake
12 Feb 2018 Legg Mason launches fund
12 Feb 2018 Westpac follows BNZ near the top of the table
12 Feb 2018 What’s driving the market?
12 Feb 2018 Dispute schemes: Fees are fair
12 Feb 2018 Code working group's next steps
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.
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.
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