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March 2019
29 Mar 2019 TSB joins the party; SX CEO goes; Bank targets criticised
29 Mar 2019 Bank targets criticised
29 Mar 2019 NZ market not big enough for Shariah insurance
29 Mar 2019 Advisers' time spent on back-office tasks
29 Mar 2019 FMA appoints executives
28 Mar 2019 Dividend yield stocks again dominate sharemarket trading
28 Mar 2019 Southern Cross CEO Jackson departs
28 Mar 2019 Longstanding adviser supporter signs off
28 Mar 2019 Advisers fear return to classroom
27 Mar 2019 NZ shares surge as rate cut prospect buoys yield plays; Mercury, Meridian hit records
27 Mar 2019 Online lender Spotcap hires NZ managing director
27 Mar 2019 Reaction to RBNZ's surprise OCR comments; Kiwibank makes massive cut
27 Mar 2019 Jail term in Mutual Finance, Viaduct Capital case
27 Mar 2019 Reserve Bank stuns economists with OCR cut prediction
27 Mar 2019 RBNZ leaves OCR unchanged
27 Mar 2019 OCR Announcement: Here's what Orr said
27 Mar 2019 AMP says switching campaign paying off
27 Mar 2019 Company launches solution to sluggish turnaround times
27 Mar 2019 Fidelity Life makes appointments
27 Mar 2019 Members should understand how Financial Advice NZ makes decisions
27 Mar 2019 Investor slump continues in February
26 Mar 2019 Wall St weakness shrugged off; Defensive stocks gain; Genesis hits record
26 Mar 2019 CoreLogic targets turnaround times
26 Mar 2019 Investor slump continues in February
26 Mar 2019 Fidelity Life launches adviser support programme
26 Mar 2019 Fidelity Life undecided on health plans
26 Mar 2019 The Big Read: FMA goes after adviser for alleged non-disclosure
26 Mar 2019 David Ross denied parole: Low risk is not no risk
26 Mar 2019 Church on her new role; ANZ finally joins party
26 Mar 2019 FMA takes non-disclosure case to FADC
25 Mar 2019 NZ shares fall from record as bond inversion triggers global sell-off
25 Mar 2019 Church talks about her new role at Prospa
25 Mar 2019 Mortgage Express hires banker in south Auckland
25 Mar 2019 BNZ back below 4%
25 Mar 2019 Churn keeps coming up in discussions, everywhere. In the insurers, with advisers, and with regulators.
25 Mar 2019 How to complain
25 Mar 2019 Fund managers' GST rules get green light
25 Mar 2019 Niche options
25 Mar 2019 A regulator reflects on Mosque attacks
22 Mar 2019 Shares climb to record on low rate outlook
22 Mar 2019 [The Wrap] The terror attacks and us
22 Mar 2019 [The Wrap]
22 Mar 2019 Decline in new investor mortgages
22 Mar 2019 OCR Preview: What the experts are predicting
22 Mar 2019 OCR Preview: caution expected
22 Mar 2019 Mint axes performance fees
21 Mar 2019 NZ shares rise on Fed restraint, local GDP growth; Auckland Airport slides
21 Mar 2019 Advisers need $2000, clients will pay $500
21 Mar 2019 nib offers genetic testing
20 Mar 2019 Fund managers question social media investments
20 Mar 2019 Dairy shares take froth off NZ sharemarket
20 Mar 2019 AMP leadership skips bonuses
20 Mar 2019 de Marigny to leave AIA/Sovereign
20 Mar 2019 Investors hold properties for longer
20 Mar 2019 Credit Unions to take on banks
20 Mar 2019 ETFs popular with direct clients
20 Mar 2019 FSLAB now next month's business
19 Mar 2019 Sharemarket falls as investors avoid anything to do with construction
19 Mar 2019 Four credit unions vote through merger
19 Mar 2019 Partners pulls ads after mosque tragedy
19 Mar 2019 ASB lowers two-year rate
19 Mar 2019 S&P downgrades Asset Finance
19 Mar 2019 4 reasons why the Ranger Fund can enhance your core equity portfolio
19 Mar 2019 FNZC no longer
18 Mar 2019 NZ shares at record; trading quiet as investors digest re-weightings
18 Mar 2019 Life companies offer support to Christchurch
18 Mar 2019 Small banks take fight to the big guys
18 Mar 2019 Investment boss for NZX
18 Mar 2019 Embrace change & strengthen your business with The Adviser Platform
18 Mar 2019 Small banks take fight to big four
18 Mar 2019 Aussie advisers welcome trail ban delay
18 Mar 2019 On the property beat
18 Mar 2019 Faafoi: Tell your clients how you're paid
18 Mar 2019 Newpark signs deal to connect with migrants
18 Mar 2019 FSLAB: Will it be law tomorrow?
15 Mar 2019 [The Wrap] Soothing words from the minister
15 Mar 2019 Heavy trading on NZX with index re-weightings heightening activity
15 Mar 2019 Migration confusion
15 Mar 2019 AIA Group reports double-digit growth
15 Mar 2019 CGT threat barely dents market confidence
15 Mar 2019 Westpac offers prefab lending product
15 Mar 2019 Mortgage brokers need to be ready for change
15 Mar 2019 FSLAB jumps up order paper
15 Mar 2019 Premium cuts fees
14 Mar 2019 Big day of trading as investors reposition portfolios
14 Mar 2019 FMA loses key player
14 Mar 2019 Two mortgage groups agree to join together
14 Mar 2019 Major shake up for groups
14 Mar 2019 Boom time in student rental market
14 Mar 2019 The Adviser Platform adds regulatory experience
14 Mar 2019 Faafoi: We don't want to wreck the system
13 Mar 2019 Uncertainty over Britain's exit from the European Union keeps investors on edge
13 Mar 2019 Exciting news; Aust Govt backs off trail commission ban
13 Mar 2019 Sales plunge by nearly 10%
13 Mar 2019 NZ Super Fund reveals votes
13 Mar 2019 ANZ appoints new investment managers
13 Mar 2019 Australian government delays trail ban
13 Mar 2019 Code process drags on
12 Mar 2019 Defensive stocks remain attractive in an uncertain global environment
12 Mar 2019 Commissions, scope of advice, convictions among disclosure requirements
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