Archive - 2004
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January 2004
20 Jan 2004 TOWER's QuickStart 2004
19 Jan 2004 $3m for flat with sea view
19 Jan 2004 Holidaymakers snap up resort properties
19 Jan 2004 Interest rate rises likely to be delayed
19 Jan 2004 Borrowing against the home increases
19 Jan 2004 Interest rate cuts possible
19 Jan 2004 Taxing property deals rejected
19 Jan 2004 Lumley to change its name
19 Jan 2004 Asteron to enter mortgage market
19 Jan 2004 News Round Up
19 Jan 2004 TOWER's QuickStart 2004
16 Jan 2004 Interest rate rises likely to be delayed
16 Jan 2004 Interest rate rises likely to be delayed
15 Jan 2004 Fund managers confident no scandal
14 Jan 2004 Raglan property values boom
14 Jan 2004 Third of coast privately owned
14 Jan 2004 Former fund managers jump fence
14 Jan 2004 New boss for Mortgage Link
13 Jan 2004 US Fund Scandals: What's it all about?
13 Jan 2004 Small caps lead broad market rally in 2003
12 Jan 2004 FAI's new general manager
12 Jan 2004 Gloomy picture painted of life industry
12 Jan 2004 News Round Up
09 Jan 2004 Building consent numbers expected to hold up this year
09 Jan 2004 Overcrowding fears for Remuera
09 Jan 2004 Subsidy welcomed for Mangawhai sewerage scheme
09 Jan 2004 Taranaki tops the places-to-go list
09 Jan 2004 Economists think building boom will last
08 Jan 2004 What the PRG means for workplace super
08 Jan 2004 North Shore council draws the line
08 Jan 2004 Himatangi house prices head skyward
08 Jan 2004 Ingham twins looking to return
07 Jan 2004 Lenders become brokers
07 Jan 2004 Porirua accentuates the positive
07 Jan 2004 Newmarket's out of city control, say businesses
07 Jan 2004 Outsiders see Porirua as dangerous - secret report
07 Jan 2004 Coastal sections grabbed quickly
07 Jan 2004 Homes have to meet new rules
07 Jan 2004 HY-FY investors get a jolt
07 Jan 2004 Lenders become brokers
06 Jan 2004 Prospects for Australia's life insurance market challenging
06 Jan 2004 Macquarie restructure sales team
06 Jan 2004 Developer fined over sediment discharge
06 Jan 2004 Manukau to become country's second biggest city
06 Jan 2004 Lodge foes happy to see developer
05 Jan 2004 Property Klondike grips the nation in 2003
05 Jan 2004 Rotorua innunated with holidaymakers
05 Jan 2004 Historic NP building on market again
05 Jan 2004 House price falls more than 12 months away
05 Jan 2004 Shy and retiring or boom town?
05 Jan 2004 Development plan for Paewhenua Island
05 Jan 2004 Pressure on advisers to self-regulate
02 Jan 2004 House of the rising sum: Turning tidy profit in just five months
02 Jan 2004 Buoyant property investors predict next year to be even better
02 Jan 2004 Dollars and sense of syndicated property
02 Jan 2004 Valuer warns of panic home buying
02 Jan 2004 The Best Ways To Borrow Money
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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