Archive - 2009
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December 2009
01 Dec 2009 Strategic investors about to get first payment
01 Dec 2009 SCF temporary chief
01 Dec 2009 PLAN NZ sold
01 Dec 2009 AMP refuses to front up on commissions in NZ
November 2009
30 Nov 2009 Dorchester to end its moratorium
30 Nov 2009 HSBC profit jumps despite higher bad debt charges, shrinking mortgage
30 Nov 2009 7 reasons why Allied's deal will succeed
30 Nov 2009 The choice for Hanover investors: Receivership or Allied Farmers?
30 Nov 2009 Allied’s Hanover deal better than receivership
30 Nov 2009 Allied’s Hanover deal better than receivership
30 Nov 2009 Do property investors really have "tax benefits?"
30 Nov 2009 Home-building approvals climb, adding weight to recovery
30 Nov 2009 News Round Up
29 Nov 2009 Rates Round Up
28 Nov 2009 [Book] Don't miss the next property cycle
27 Nov 2009 October reminder that all is not well
27 Nov 2009 TSB's profits and mortgage book grow strongly
27 Nov 2009 [Weekly Wrap] Sights targeted on commissions
27 Nov 2009 Stairway to heaven....yeah right
27 Nov 2009 Medical insurance requests speed up
27 Nov 2009 SHARE: Regulation Success Roadshow
27 Nov 2009 DNZ offer unfair to shareholders: van Schaardenburg
26 Nov 2009 KiwiSaver fee disclosure needs to improve: Mercer
26 Nov 2009 McLeod leaves South Canterbury, but sticks with Hubbard
26 Nov 2009 Women in Super Christmas Drinks
26 Nov 2009 SHARE: Regulation Success Roadshow
26 Nov 2009 SHARE: Regulation Success Roadshow
26 Nov 2009 China not the world's panacea: Magellan
26 Nov 2009 Celebrating tenant-landlord relationships
25 Nov 2009 Rumours of new Hanover bid greatly exaggerated
25 Nov 2009 Hanover's winners, losers and whingers
25 Nov 2009 8th Annual International Financial Reporting Standards Masterclass
25 Nov 2009 12th Annual Local Government Finance Forum
25 Nov 2009 ANZ's mortgage book shrinks, jumps or subsides - take your pick
25 Nov 2009 Magellan Asset Management’s Investment Briefing
25 Nov 2009 Practice management: The financial sailboat
25 Nov 2009 SHARE: Regulation Success Roadshow
25 Nov 2009 SHARE: Regulation Success Roadshow
25 Nov 2009 Fidelity moves to renewal commission model
25 Nov 2009 NZ to track Australia on commissions
24 Nov 2009 Bouquet for St Laurence; Brickbat for Strategic
24 Nov 2009 Magellan Asset Management’s Investment Briefing
24 Nov 2009 SHARE: Regulation Success Roadshow
24 Nov 2009 Mortgagee sales at record high
24 Nov 2009 Commission ban deferred but Ripoll effect to hit NZ
24 Nov 2009 Rates Round Up
24 Nov 2009 Getting monetary policy mix right
24 Nov 2009 Resurgent risk appetite breathes life back into debt market
23 Nov 2009 Signing up children as KiwiSavers is about to get harder.
23 Nov 2009 Magellan Asset Management’s Investment Briefing
23 Nov 2009 Funding brought forward for insulation scheme
23 Nov 2009 News round-up
20 Nov 2009 [Weekly Wrap] How's your moral compass?
20 Nov 2009 TNP: dealers must deliver
20 Nov 2009 ISO to rule on advice disputes
19 Nov 2009 Fisher Funds growth fund tops KiwiSaver survey
19 Nov 2009 CBS Canterbury ‘very happy’ with BB+ credit rating
19 Nov 2009 ASB posts $124m Sept qtr loss but underlying profitability rises
19 Nov 2009 ComCom chasing bigger fish after dodgy Invercargill property scheme
19 Nov 2009 Finsia: Delivery of KiwiSaver
19 Nov 2009 Boston Finance placed in receivership
19 Nov 2009 No advisers on Code Committee. No problem: Cotton
18 Nov 2009 Deposit guarantee scheme gets tweaked
18 Nov 2009 Fisher & Paykel and UDC hike rates
18 Nov 2009 Property indicator continues to exude energy
18 Nov 2009 Opinion: Advice counts - and you have to have a method
18 Nov 2009 Finsia industry update: Lifting New Zealanders’ financial literacy
18 Nov 2009 Allied Farmers offers hand of welcome to Hanover investors
18 Nov 2009 Allied and Hanover confirm deal
18 Nov 2009 TNP Annual Conference 2009
18 Nov 2009 Asteron appoints new senior leadership team
18 Nov 2009 Code Committee outlines ethics required
17 Nov 2009 Former AMP Capital boss becomes a Guardian
17 Nov 2009 Allied Kiwi says insurance sales up 50%
17 Nov 2009 Code Committee sackings unwarranted
17 Nov 2009 How much is your mortgage costing?
17 Nov 2009 Finsia industry update: Lifting New Zealanders’ financial literacy
17 Nov 2009 Hanover posts $102.9m loss, writes off $308.9m
17 Nov 2009 Aussie researcher plants flag in NZ
17 Nov 2009 Property finders likely to cause a few headaches for REAA
16 Nov 2009 ANZ backs RBNZ on rate rises
16 Nov 2009 The Hawk set to swoop on Cynotech
16 Nov 2009 Rates Round Up
16 Nov 2009 Harcourts pushes auctions as favoured selling strategy
16 Nov 2009 Confidence in housing remains high: ASB survey
15 Nov 2009 SIFA 2009 conference
13 Nov 2009 [Weekly Wrap] Believe it or not
13 Nov 2009 House prices hit 10-year high amid declining sales numbers
13 Nov 2009 REINZ residential highlights - October 2009
13 Nov 2009 Q&A: TOWER Parallel Portfolios
13 Nov 2009 Out on their own and looking to clean up the insurance broker industry
13 Nov 2009 Cowboys targeting leaky home owners
13 Nov 2009 Heading for Spicers
12 Nov 2009 Deposit war keeps bank margins under pressure
12 Nov 2009 Cotton explains why Code Committee members pushed
12 Nov 2009 Two Code Committee members resign
12 Nov 2009 Prices to continue upwards for some time yet
12 Nov 2009 The road well travelled
12 Nov 2009 CFA 2009 Forecast Dinner
12 Nov 2009 Five Star directors to be prosecuted
Latest News
Koura reports another loss
Koura reports another loss
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Can AI pick the best KiwiSaver provider?
Can AI pick the best KiwiSaver provider?
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[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
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NZX aims for 5% of KiwiSaver market in three-to-five years
NZX aims for 5% of KiwiSaver market in three-to-five years
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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?
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