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September 2019
24 Sep 2019 ANZ warns of mortgage rate pressure
24 Sep 2019 Upward pressure on mortgage rates: ANZ
24 Sep 2019 Does the latest cut to the RBNZ official cash rate further signal the death of future returns?
24 Sep 2019 RBNZ needs more resources, not more powers: Bascand
23 Sep 2019 Green investment team hired
23 Sep 2019 Major milestone for Cigna
23 Sep 2019 S&P's latest verdict on UDC
23 Sep 2019 Strong demand for impact investment, Association says
23 Sep 2019 NZ shares buoyed by prospect of low rates; Spark gains
23 Sep 2019 Lodge bonds or expect a penalty
23 Sep 2019 No stopping Capital price rises
23 Sep 2019 Westpac and BNZ rate cuts; NZ bank risk assessed
23 Sep 2019 NZ banks exposed: S&P
23 Sep 2019 Identity verification requirements 'empire building'
22 Sep 2019 Heritage Trustee rebrand complete
22 Sep 2019 Fidelity Life gets tick
22 Sep 2019 Partners creates new role for claims
21 Sep 2019 [The Wrap] What's worse? Commissions on insurance or cashbacks for home loans
20 Sep 2019 NZ shares gain; index reweighting drives heavy trading in Kiwi, Kathmandu
20 Sep 2019 New Government housing agency established
20 Sep 2019 Southern Cross appoints chief digital officer
20 Sep 2019 SBS rate cut; OCR preview
20 Sep 2019 OCR Preview: economists predict no change
20 Sep 2019 PMG closes fund early as oversubscribed
20 Sep 2019 boo boo
20 Sep 2019 Strong response expected to KiwiSaver default review: Govt
19 Sep 2019 Super Fund gets top marks
19 Sep 2019 Paul: Do we need a default mechanism at all?
19 Sep 2019 NZ shares gain; appetite for KFC helps Restaurant Brands hit record
19 Sep 2019 Advisers feeling overwhelmed by change and scrutiny, group says
19 Sep 2019 ANZ rate cuts; BNZ outlines regulatory stance
19 Sep 2019 BNZ outlines stance on new regulatory regime
19 Sep 2019 The truth about flipping
19 Sep 2019 Bluestone cuts variable rate
19 Sep 2019 Advisers directing clients to DIY: Hatch
18 Sep 2019 Price fixing earns Ronovationz $400k penalty
18 Sep 2019 NZ shares fall; Goodman placement sees property stocks sold
18 Sep 2019 Home loan complaints against banks rise
18 Sep 2019 Home loan complaints rise
18 Sep 2019 ASB adds impact to its fund range
18 Sep 2019 Home loan complaints rise
18 Sep 2019 Commission structure may need Govt intervention: FMA
17 Sep 2019 NZ shares gain: F&P Healthcare rallies on big volume, Synlait extends gain
17 Sep 2019 NZ proptech start-up scores major investor
17 Sep 2019 Insurer response 'not good enough'
17 Sep 2019 Wealth management now wags the stock-broking dog
17 Sep 2019 General Finance gets rating
17 Sep 2019 Advisers shouldn't worry about the threat of roboadvice
17 Sep 2019 Minister says Govt will force change
17 Sep 2019 A guide to contrarian investing
16 Sep 2019 Z, BP, Waitomo challenge ComCom claims on excess returns
16 Sep 2019 High oil prices weigh on Air NZ, Mainfreight; Shares close down
16 Sep 2019 New contribution rates best serve more engaged KiwiSaver members
16 Sep 2019 Colonial First State rebrands
16 Sep 2019 Conference delegates told: Take responsibility
16 Sep 2019 Southern Cross Health Society turns around deficit
16 Sep 2019 [GRTV] Happy Clients, Loyal Clients
16 Sep 2019 The growing but slowing market for insurance
16 Sep 2019 COMMENT: Prospects strong for yielding assets
16 Sep 2019 Arrival of new player adds more spice to the lending market
16 Sep 2019 Pepper Money launches in NZ
16 Sep 2019 Nikko launches high-risk 'disruptors' fund
13 Sep 2019 NZ shares fall for 5th day; Z Energy sold off further
13 Sep 2019 BNZ adopts custom based index
13 Sep 2019 [The Wrap] The word on good customer outcomes from the top
13 Sep 2019 Embrace blockchain to drive transformation
13 Sep 2019 No need for Royal Commission
13 Sep 2019 Scrub up or ship out
13 Sep 2019 Asteron and Fidelity go head to head for award
13 Sep 2019 Trustees Executors embraces block chain
13 Sep 2019 Sales fall highlights sluggish market
13 Sep 2019 Adviser ordered to pay $1,000 after 'dragging heels'
12 Sep 2019 Booster to list property fund
12 Sep 2019 Z Energy, Synlait crash on earnings downgrades
12 Sep 2019 Harbour takes a cautious approach as downside risks increase
12 Sep 2019 [GRTV] A taste of MDRT Global
12 Sep 2019 Accuro launches mental health tool
12 Sep 2019 Three complaints about advisers
12 Sep 2019 Financial advice reforms may miss the mark
11 Sep 2019 NZ shares sink; rising rates sap demand for yield stocks
11 Sep 2019 [GRTV] Loyal Clients; Happy Clients
11 Sep 2019 Banks raise cheap wholesale funding ahead of Spring mortgage surge
11 Sep 2019 Banks raise cheap wholesale funding ahead of Spring mortgage surge
11 Sep 2019 Changing the game
11 Sep 2019 FSC KiwiSaver overhaul: Boost access to advice
11 Sep 2019 Kiwis face 'trade-off' buying insurance
10 Sep 2019 NZ shares fall in light trading; power companies come off the boil
10 Sep 2019 Sargon signs clients
10 Sep 2019 The willful ignorance of a miopic point of view
10 Sep 2019 Reset policies will prompt price rises - Westpac
10 Sep 2019 Banks face headwinds; Select Home Loans proves popular
10 Sep 2019 NZ banks face headwinds
10 Sep 2019 Advice rules created 'two-tier' market, working group says
09 Sep 2019 Shares snap six-day gain; A2 falls
09 Sep 2019 Change tax regime for KiwiSaver, share trading - capital markets review
09 Sep 2019 White-label loan product takes off; Property investor cops $400k fine
09 Sep 2019 Bluestone's white-label loans take off with NZFSG
09 Sep 2019 Ronovationz faces $400k fine for price fixing
09 Sep 2019 nib enters ASX 100
07 Sep 2019 Financial Advice NZ backs Money Week
Latest News
Pie Funds enters adviser channel
Pie Funds enters adviser channel
3 min read
KiwiSaver members need more advice at retirement, panellists say
KiwiSaver members need more advice at retirement, panellists say
3 min read
Simon Papa: Access to advice - Is adviser conservatism the issue?
Simon Papa: Access to advice - Is adviser conservatism the issue?
9 min read
Second funds management firm sold today
Second funds management firm sold today
3 min read
Latest Comments
Give Total Rem the flick if KiwiSaver compulsory
Thank you Backstage. Look beyond just the structure/s. Currently, both employee and employer's contribution are taxed. So, even if I add a 3rd option - $100k salary of which $12k deducted for KS and no employer contribution. It made no difference financially whether it is option a, b or c, assuming law says $12k of the $100k pay package must go to KS. It will make a difference if a new tax law says, employer's contribution is tax free, then option "a" is a no brainer.
2 weeks ago W K
Simon Papa: Access to advice - Is adviser conservatism the issue?
Thank you Simon for such a substantial and thought-provoking piece. You write that “the CoFI law creates the potential for the FMA to influence the supply of financial products and services, not just conduct in relation to such supply”, to which I would offer two replies: Yes; and About Time. Your piece (and also your submission on the draft Fair Outcomes Guide) do suggest a preference for Rational Choice Theory and the Efficient Market Hypothesis. The problems with this being: Humans are not ideally-rational agents, and even if they were, the market is problematically inefficient. The latter is by design, by and for the benefit of the financial institutions. Informational asymmetries mean that consumers often don’t/can’t obtain the information they need to make an informed choice about whether to acquire, retain, or dispose of a financial advice product. (Good luck finding out the actual/modelled loss ratio on optional benefit x on product y.) Extending conduct requirements/expectations beyond supply, into areas such as design and pricing over the full life cycle of products and service offered, should help rebalance the scales. I agree with you when you write: “What is “fair” is inherently vague and contestable.” It doesn’t follow that it is unsuitable. Financial services law is full of such terms: “reasonable,” “care,” “diligence,” and “skill” immediately spring to mind. “Unusually large transaction” and “unusual pattern of transactions” from 22(1)(c) of the AML/CFT Act are vague, and currently subject to contest in FMA v InvestNow. Finally, I agree that more FADC cases would be helpful. Also helpful would be more details from enforcement cases the FMA has taken over the years. For example: Where a FAP was found to have breached the Record Keeping standard condition, provide a couple of (suitably redacted) examples of deficient files, along with explanatory commentary. If your files look like that, then do better.
2 weeks ago Paul Flood
Give Total Rem the flick if KiwiSaver compulsory
@WK agree with your summary and Murray, "exactly". Im a little confused about the statement, total rem has got to go? Even more confused by am mentat... blatant wage theft? Confused about young people not thinking about retirement or insurance? I have had the unfortunate experience at times working for multi national insurance companies and I do not recall them trying to get their mits on my wages, when did this happen? For centuries young people have not been able to picture themselves retired or believe that they will be multi-millionaires by this time. By the way, i bet they have a bank account. Hopefully am mentat works it out or, if he is a prosperous employer just continues to give give give to his employees with wild abandon and continues to cheer on any political parties that place more financial burdens on small business where generally the owner has risked all to try and get ahead. Employing people and helping in this way to provide for there families also.
2 weeks ago Darryl Scott
Give Total Rem the flick if KiwiSaver compulsory
As an investor, it is completely unacceptable to me that Total Remuneration continues if compulsion is brought in. It is simply wrong to continue putting downward pressure on salary and wages, particularly for people on minimum wage in a country that aspires to lift wages over time and raise the standard of living for NZers. National will lose my vote as a serious investor if they continue down the Total Remuneration path. No question...
2 weeks ago David Lawton
Give Total Rem the flick if KiwiSaver compulsory
This is just about the only online space outside of Newstalk ZB facebook comments where speaking out against blatant wage theft by multinationals is considered 'PC'. And yet still we wonder why those pesky younger generations of potential customers wholesale refuse to engage with traditional financial services. Couldn't be because our mindsets are stuck in the 1950s - no, it must be the kids who are wrong.
2 weeks ago Ross Alexander