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May 2019
22 May 2019 LVR restrictions stabilise property market: RBNZ
22 May 2019 [GRTV] Good conduct and culture drives out the snake oil
22 May 2019 What landlords can't ask tenants
22 May 2019 Pepper makes NZ BDM hire
22 May 2019 Advisers put in hours of unpaid work
22 May 2019 Aegis on the block - potentially
22 May 2019 Calastone makes switch to blockchain
22 May 2019 RFAs hope dealer group systems can fill quals gap
21 May 2019 NZ shares fall; ComCom's early fibre views knock Chorus
21 May 2019 [GRTV] Adrian Orr Full Special
21 May 2019 ASB may sell Aegis
21 May 2019 Pepper makes NZ BDM hire
21 May 2019 Russell’s Fitzpatrick urges caution on fixed income strategies
21 May 2019 Warning: insulation deadline looming
21 May 2019 Prospa adds to team
21 May 2019 Prospa's rapid growth
21 May 2019 Vanguard to offer robo to advisers
21 May 2019 PE of 1
21 May 2019 Leave good client outcomes to advisers: Whyte
21 May 2019 Kiwi Wealth hits $6b
21 May 2019 [GRTV] Code gets eight out of 10 from long-time critic
20 May 2019 Banks shares rise on back of Australian election results
20 May 2019 Aussie lender Pepper arrives in NZ; What the Aust election means for brokers
20 May 2019 [GRTV] Code gets eight out of 10 from long-time critic
20 May 2019 Wellington City price glow spreads
20 May 2019 Non-bank Pepper teams up with Astute
20 May 2019 Australian election a win for advisers
20 May 2019 Consilium Wrap on track for $4b
20 May 2019 Degree work continues despite Code opting for Level Five
19 May 2019 Fidelity Life team up for award
17 May 2019 Quiet trading on NZX ahead of upcoming earnings; Market finishes higher
17 May 2019 Don’t count on a market upturn
17 May 2019 Reserve Bank forces ANZ to increase risk capital by 60%
17 May 2019 Standards set to cost
17 May 2019 Mortgage Link inks deal with international group
17 May 2019 Insurer, client disagree over what makes an 'earner'
17 May 2019 [GRTV] No back-down from Level Five, Dale-Jones says
16 May 2019 Mortgage Link ties up with real estate firm
16 May 2019 Support for Christchurch call
16 May 2019 NZ shares extend gain in increasingly volatile market; Chorus gains
16 May 2019 Newpark outlines CRM plans
16 May 2019 Prospa plans IPO
16 May 2019 FMT cuts rates on commercial lending
16 May 2019 [GRTV] No back-down from Level Five, Dale-Jones says
16 May 2019 More bright spots emerge
16 May 2019 FADC hands down its punishment in non-disclosure case
16 May 2019 AIA appoints Vitality coach
15 May 2019 FSC and Workplace Savings NZ merge
15 May 2019 [The Wrap]
15 May 2019 Dunedin insurance broker ordered to pay Asteron $371K
15 May 2019 NZ shares outperform global rally as low rates bolster local outlook
15 May 2019 FADC hands down its punishment in non-disclosure case
15 May 2019 FMT in $50 million commercial offer
15 May 2019 Bluestone replaces BDM
15 May 2019 Resimac's Jackson on commissions; Bluestone appoints new BDM
15 May 2019 Rental property confidence dims
15 May 2019 Code creates opportunities for quality mark
14 May 2019 NZ shares fall as Infratil flags equity raising for Vodafone deal
14 May 2019 Caution urged on financial safeguards
14 May 2019 [GRTV] Financial Advice Code Working Group Chair Angus Dale-Jones is in studio
14 May 2019 Consilium apppoints new Auckland BDM
14 May 2019 Latest house sales data not flash; Westpac reckons market will rebound
14 May 2019 NZ sales on downbound train
14 May 2019 Advisers' need for research a benefit, not a hindrance: Douglas
13 May 2019 Trustpower hits record on special dividend; Tip Top sold
13 May 2019 It’s the law: Healthy Homes standards
13 May 2019 Nikko expands team
13 May 2019 FMA dishes out AML warnings
13 May 2019 Odd priorities – and how some are resolved
13 May 2019 NZFSG gets its on loan product; Adrian Orr explains OCR cut decision
13 May 2019 NZFSG rolls out its own mortgage product
13 May 2019 COMMENT: Ring-fencing impact likely to be limited
13 May 2019 Partners Life: This is what good advisers do
12 May 2019 KiwiSaver assets near $60b
12 May 2019 [GRTV] New thinking needed around retirement savings
11 May 2019 [GRTV] Orr explains why the RBNZ cut the OCR
11 May 2019 Westpac predicts house price boom but no more OCR cuts
11 May 2019 Who loves property the most?
10 May 2019 US-China trade wars hurt NZ shares
10 May 2019 Insurers can't ignore Royal Commission: Mason
10 May 2019 Opportunity in Auckland bitcoin house sale
10 May 2019 BNZ, ASB latest to cut rates
10 May 2019 Pie seeks investment support for growth plans
09 May 2019 NZ shares extend gain on low-rate tailwind; Vista at record
09 May 2019 Cigna to support kids' mental health
09 May 2019 Adviser issues identified in capital markets
09 May 2019 Rates tumble; Advisers react to new code
09 May 2019 Mortgage rates hit new lows after OCR cut
09 May 2019 OCR cut to boost market
09 May 2019 Insurers tackle genetic testing
09 May 2019 Code: That's all?
08 May 2019 Shares stage late rally after OCR cut
08 May 2019 Advisers react to new Code
08 May 2019 OCR cut to 1.5%: could it fall even further?
08 May 2019 OCR Decision: Rate Cut to 1.50%
08 May 2019 OCR decision revealed
08 May 2019 Investors deserve clearer insights
08 May 2019 Beware unauthorised trades work
08 May 2019 What the new Code means for advisers; Top broker loses court battle
08 May 2019 New code: Shorter, sharper than draft
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