Archive - 2017
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October 2017
30 Oct 2017 Strong growth in Hawke’s Bay
30 Oct 2017 Kiwibank cuts mid and long term rates
29 Oct 2017 nib gets its latest rating report card on its performance
27 Oct 2017 Getting to Know: Nigel Scott
27 Oct 2017 The Wrap: Deadlines for changes clearer (maybe)
27 Oct 2017 Smartshares hits $2b FUM
27 Oct 2017 KiwiSaver fees and risk; Fisher Funds’ future
27 Oct 2017 Introducing Good Returns TV
27 Oct 2017 KiwiSaver: Next crunch could be tougher
26 Oct 2017 Commerce Commission: No issues for Sovereign
26 Oct 2017 Kepa, The Advisers Institute, reveals new partner
26 Oct 2017 PAA AGM cancelled due to lack of interest
26 Oct 2017 Financial Advice New Zealand launch date set
25 Oct 2017 ANZ: No more repayment holidays
25 Oct 2017 Twyford takes the reins
25 Oct 2017 Mortgage Express boosts Wellington team
25 Oct 2017 Your new boss revealed
25 Oct 2017 Westpac meets the market with two-year rate
25 Oct 2017 Russell rolls out low carbon fund
25 Oct 2017 From NZ Super Fund to FNZC
25 Oct 2017 Work on incomes, global pension report says
25 Oct 2017 PAA AGM fails to hit quorum
24 Oct 2017 Mortgage advisers: start thinking about your education now
24 Oct 2017 Lessons from RBOHA
24 Oct 2017 Rental prices could spike
24 Oct 2017 Dealer groups as part of your plan
24 Oct 2017 One low rate replaced with another - details here
24 Oct 2017 6 affordable buys for investors
24 Oct 2017 FSLAB could be slower
23 Oct 2017 Robo-advice: The democratisation of professional financial advice
20 Oct 2017 Perpetual Guardian steps up in the Know Your Customer space
20 Oct 2017 Looking ahead with new government
20 Oct 2017 Partners Life hires sales boss
20 Oct 2017 Changes in housing policy to come
20 Oct 2017 Migration decline continues
20 Oct 2017 Getting to Know: Jon-Paul Hale
20 Oct 2017 Regulators collaborate on fintech
19 Oct 2017 Insurers support robo options
19 Oct 2017 No signs of panic
19 Oct 2017 Should lawyers give financial advice?
19 Oct 2017 New code's wider scope helps advisers: Chairman
18 Oct 2017 Former PM to chair ANZ
18 Oct 2017 Former PM to chair ANZ
18 Oct 2017 No NZ fall-out from Australian sale
18 Oct 2017 FMA fast-tracks roboadvice
18 Oct 2017 BNZ signs on to AML tool
17 Oct 2017 Don't choose KiwiSaver funds on fees only (+ GRAPH)
17 Oct 2017 High risk rental success
16 Oct 2017 Investors remain confident in property
16 Oct 2017 Market healthy – despite election doubt
16 Oct 2017 Advice firms merge
16 Oct 2017 Leverage up your KiwiSaver fund
13 Oct 2017 Jail for $5.4m Ponzi
13 Oct 2017 Getting to Know: Lyn McMorran
13 Oct 2017 Sharpening rates for Spring
13 Oct 2017 AMP rings changes
13 Oct 2017 KiwiSaver fees: Paying for performance
12 Oct 2017 Where to park
12 Oct 2017 Price rise could be market rebalancing
12 Oct 2017 Kiwi investor experience improving: Morningstar
12 Oct 2017 Advisers lack client files
11 Oct 2017 Ponzi scheme guilty plea
11 Oct 2017 Kickbacks to agents shouldn't happen, but do
11 Oct 2017 FMT nabs ANZ BDM
11 Oct 2017 What tenants really want
11 Oct 2017 Prices fall, affordability improves
11 Oct 2017 Note From A Big Country
11 Oct 2017 Entity licensing 'boosts risk'
11 Oct 2017 Adviser firm chairman retires
11 Oct 2017 Asteron launches online application tool
10 Oct 2017 Appeal of former hot spots dims
10 Oct 2017 Sharemarket success no easy ride
10 Oct 2017 New nib partnership to target visitors
09 Oct 2017 Fisher Funds: Industry should pull together
09 Oct 2017 Short stays big pays
07 Oct 2017 'Adviser cull' could hit NZ
06 Oct 2017 Speeding up the consents process
06 Oct 2017 Getting to Know: Anand Srinivasan
06 Oct 2017 Ralph Stewart's Lifetime picks up former Tower business
06 Oct 2017 FMA: Advisers can help clients avoid scams
05 Oct 2017 Landlords urged to get onto insulation
05 Oct 2017 New class action on leaky homes
05 Oct 2017 FMA to KiwiSaver providers: We are getting impatient
04 Oct 2017 ANZ chief economist calls it a day
04 Oct 2017 Auckland sales fall further
04 Oct 2017 Quarterly value chill
04 Oct 2017 Edmonds' fund supermarket takes out competitor
03 Oct 2017 Making meth testing easier
03 Oct 2017 ANZ chief economist calls it a day
03 Oct 2017 ASB's turn; New (old) lender returns
03 Oct 2017 Clients' sense of security 'most important'
02 Oct 2017 TSB ditches bank name
02 Oct 2017 SBS offers 10-year bond
02 Oct 2017 ASB chief executive steps down
02 Oct 2017 Are you part of someone else’s plan?
02 Oct 2017 HSBC launches sub 4% home loan rate
02 Oct 2017 Tauranga growth slow & steady
02 Oct 2017 Pathfinder focuses on responsibility
02 Oct 2017 Spicers brand disappears
01 Oct 2017 Australian non-bank lender set to return to NZ
Latest News
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
[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
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