Archive - 2024
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May 2024
30 May 2024 NZ sharemarket falls 1% to near-low for year
30 May 2024 New Partners boss presents his plan to advisers
30 May 2024 [Opinion] Trauma reinstatement/buyback advice to client must be accurate
30 May 2024 FMA FAP report card; Budget briefing
30 May 2024 Lending could get harder
30 May 2024 Out Now: FAP report card
29 May 2024 F&P Healthcare, Mainfreight gains not enough to lift NZ sharemarket
29 May 2024 LoanOptions gets new local BDM
29 May 2024 Co-op bank gallops ahead of the market; CCCFA changes could remove personal liability on directors and senior managers
29 May 2024 CCCFA changes could remove personal liability on directors and senior managers
29 May 2024 Simplicity Living completes new homes, thematic fund ramps exposure
29 May 2024 Co-op bank gallops ahead of the market
28 May 2024 Mixed bag of results takes NZ sharemarket down 0.5%
28 May 2024 Former NTL boss fined $100K
28 May 2024 RBNZ activates DTI restrictions
28 May 2024 RBNZ pushes go button on DTI restrictions
28 May 2024 [GRTV] Public aware that ignoring climate change is ignoring investment risk
27 May 2024 Vista move dominates NZ sharemarket
27 May 2024 Stuck in the slow lane; KAN gets its own PI scheme
27 May 2024 First home buyers making hay, investors MIA
27 May 2024 Stuck in the slow lane
27 May 2024 Time for a new commission model
27 May 2024 Kiwi Adviser Network gets its own PI scheme
27 May 2024 Generate adds new board member
24 May 2024 Dimming faith in interest rate cuts give NZ market the jitters
24 May 2024 Kathie Tutty promoted to chief underwriter at Asteron Life
24 May 2024 No shift on KiwiSaver balance gender gap
24 May 2024 Govt looks to shake up disputes resolution schemes
23 May 2024 Positive reporting and speculation drive sharemarket higher
23 May 2024 The good and the bad news from the OCR announcement
23 May 2024 Good and bad news for home owners from RBNZ
22 May 2024 Yes there were surprises in today's OCR announcement
22 May 2024 Rollercoaster ride for NZ sharemarket as inflation reaction drives investors
22 May 2024 RBNZ pushes out first OCR cut into 2H 2025
22 May 2024 BREAKING: OCR remains restrictive
22 May 2024 BREAKING: OCR 5.50% - Official Cash Rate to Remain Restrictive
22 May 2024 Stay safe from cyber attacks
22 May 2024 Shorter settlement times coming for US and Canadian trading
21 May 2024 NZ sharemarket dips despite positive earnings reports
21 May 2024 Debt-to-Income (DTI) borrowing at lowest levels since 2017
21 May 2024 National Capital: Women should back themselves on investment
21 May 2024 DTI borrowing at lowest levels since 2017
20 May 2024 Positive Gentrack result gives sharemarket a boost
20 May 2024 [OCR forecasts] No celebrations just yet
20 May 2024 No celebrations just yet
20 May 2024 AIA Wellbeing Study: Vulnerable conversations ease adviser stress
17 May 2024 NZ sharemarket pauses ahead of reporting season
17 May 2024 Proposed changes to insurer remedies on non-disclosure
17 May 2024 Negative disclosure anyone? Sue Griffiths gets a new job, plus another appointment
17 May 2024 FMT adds a second Chch BDM
17 May 2024 Should advisers have to disclose who they don't work with?
16 May 2024 NZ sharemarket has biggest single-day rise in seven months
16 May 2024 Clawback periods need to be reduced; ASB, Co-operative Bank rates change
16 May 2024 Sue Griffiths gets a new job
16 May 2024 Mindful Money announces finalists for ethical and impact investing awards
16 May 2024 [UPDATED] ComCom told clawback periods need to be reduced
15 May 2024 NZ sharemarket plunges to lowest level in six months
15 May 2024 Sticky market for investors – first home buyers in control
15 May 2024 NZFSG makes significant board appointment
15 May 2024 Servicing and Commissions
15 May 2024 NZFSG adds external board member
15 May 2024 Should Kiwibank move faster on being ready for open banking?
14 May 2024 NZ sharemarket down, Ryman Healthcare up
14 May 2024 Expectations survey should cheer RBNZ before OCR review; BNZ Fixed Housing Rate Change
14 May 2024 AIA NZ appoints National Sales Manager – ASB
14 May 2024 Expectations survey should cheer RBNZ before OCR review
14 May 2024 Aurora KiwiSaver targets private assets that support business growth
13 May 2024 Fletcher brings down the NZX
13 May 2024 Advisers aid in discounting from headline rates; Kiwibank rates change
13 May 2024 Advisers aid in discounting from headline rates: ANZ
13 May 2024 BlackRock appoints Jarden man to run its climate team in NZ
13 May 2024 MDRT NZ gears up for growth
13 May 2024 Air New Zealand – brightness on the horizon?
10 May 2024 NZ sharemarket slips back into negative territory
10 May 2024 [Weekly Wrap] Money on the move
10 May 2024 Businesses holding up OCR cuts; Difference in scores a reflection of banking study
10 May 2024 Businesses holding up OCR cuts
09 May 2024 NZ sharemarket falls to near nine week low
09 May 2024 Low house prices and deposits help first home buyers
09 May 2024 [GRTV] Richard Klipin reflects on time at FSC
08 May 2024 NZ sharemarket kept afloat thanks to F&P Healthcare
08 May 2024 Mortgage borrowers hedge their bets on OCR coming down soon; ASB rates change
08 May 2024 Mortgage borrowers hedge their bets on OCR coming down soon
08 May 2024 QuayStreet and Generate prominent in Morningstar’s latest KiwiSaver results
07 May 2024 NZ sharemarket down slightly
07 May 2024 7 key takeaways from new insurance bill
07 May 2024 Difference in scores a reflection of banking study
07 May 2024 65% of mortgage customers more than 3 months ahead of repayments - Westpac
07 May 2024 Nikko relaunches its KiwiSaver proposition
07 May 2024 Westpac says 65% of mortgage customers more than 3 months ahead of repayments
06 May 2024 NZ sharemarket dragged down by THL, Spark
06 May 2024 Westpac NZ added $1.44b of mortgages in the six months ended March
06 May 2024 RBNZ is still looking in the rear vision mirror
06 May 2024 Paying the cost of bureaucratic incompetence
03 May 2024 NZ sharemarket enjoys good week with fourth gain
03 May 2024 New customers get 3-months' premium-free on Fidelity Life
03 May 2024 Don’t let perfect be the enemy of good
03 May 2024 Overhaul of insurance regulations starts
03 May 2024 ANZ exits wholesale funds management
03 May 2024 Stewardship reporting steps up in first year of code
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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