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Clear Filter
February 2019
24 Feb 2019
Revealed: Healthy Homes minimum standards
22 Feb 2019
[The Wrap] A tax tidbit; time to support CFPs and CLUs
22 Feb 2019
Air NZ and Auckland Airport lift market
22 Feb 2019
Australian Labor makes commission U-turn
22 Feb 2019
More on capital gains tax
22 Feb 2019
Product commission – Is it justified?
22 Feb 2019
Tax suggestions: 'I sigh deeply'
22 Feb 2019
Aussie new insurance business falls after commission capped
21 Feb 2019
NZ shares gain; A2 hits new record, F&P climbs on patent deal
21 Feb 2019
Investing: Don’t forget about the cycle
21 Feb 2019
Outrage over CGT recommendation
21 Feb 2019
Mortgage advisers respond to CGT proposal; What do you think?
21 Feb 2019
Capital gains tax on assets 'fairer'
21 Feb 2019
Advisers play down capital gains impact
21 Feb 2019
Capital gains tax on the cards
21 Feb 2019
Capital gains tax on the cards
21 Feb 2019
Claim associations silent as advisers become casualties
21 Feb 2019
Servicing adviser should get trail
20 Feb 2019
NZ shares gain; A2 jumps to 12-month high as earnings outperform
20 Feb 2019
Unprecedented scrutiny on bank conduct: Kiwibank CEO
20 Feb 2019
Responsible investing extends beyond a green label
20 Feb 2019
Strategi Group brings Bell on as CEO
20 Feb 2019
Investors given Disclose insight
20 Feb 2019
NZX refocuses, heralds wealth growth
19 Feb 2019
A2 downgraded on eve of earnings, Heartland misses expectations
19 Feb 2019
Finalists in fund awards announced
19 Feb 2019
How long
19 Feb 2019
AIA extends Airpoints offer
19 Feb 2019
War over capital gains tax begins
19 Feb 2019
Reverse mortgage opportunity for advisers: Heartland
19 Feb 2019
Concerns KiwiSaver bill could be stopped
18 Feb 2019
Sovereign rating reaffirmed
18 Feb 2019
NZ shares subdued as China trade tensions weigh; Sky TV falls
18 Feb 2019
CFP numbers swell worldwide
18 Feb 2019
Claims hit nib's bottom line
18 Feb 2019
The DIY landlords
18 Feb 2019
Rough start to the year
18 Feb 2019
TSB takes new approach
18 Feb 2019
Mortgage price war heats up with TSB
18 Feb 2019
Mercer appoints investment boss
18 Feb 2019
Adviser training institutes positive about education shake-up
18 Feb 2019
FSC conference launched
15 Feb 2019
A2 and Fisher & Paykel lead NZX down on China fears
15 Feb 2019
Adviser moves to JMI
15 Feb 2019
[The Wrap] It's time for industry leaders to step up and support advisers
15 Feb 2019
NZX reports profit
15 Feb 2019
A good time to buy?
15 Feb 2019
Insurance report to hurt mortgage advisers: Newpark
15 Feb 2019
AMP profit slashed by Aussie scandals
14 Feb 2019
Six day run of gains ends on sharemarket
14 Feb 2019
Regulators 'may misunderstand' legacy products
14 Feb 2019
Asteron: Working closely with regulators
14 Feb 2019
Key RBNZ changes edge closer
14 Feb 2019
OCR Wrap; Franchise for sale; PM stands up for advisers
14 Feb 2019
Auckland prices at 35 month low
14 Feb 2019
AMP puts off listing
14 Feb 2019
Is FSC taking adviser mantle?
13 Feb 2019
NZ shares join global rally on US-China trade optmism; SkyCity falls
13 Feb 2019
OCR could go up or down in 2021: RBNZ Governor
13 Feb 2019
OCR decision: Here's what the Reserve Bank said
13 Feb 2019
First OCR decision of the year: Unchanged
13 Feb 2019
Australian PM defends advisers
13 Feb 2019
KPMG says mortgage rates could rise, even though banks make record profits
13 Feb 2019
Song of subdued values remains the same
13 Feb 2019
Record profit for banks, but mortgage rates could rise: KPMG
13 Feb 2019
NZ fund managers better positioned than Australian: Researcher
13 Feb 2019
Sum-insured remuneration model progressed
12 Feb 2019
NZ shares gain as power companies Meridian, Genesis, Mercury buoyed by low rate outlook
12 Feb 2019
No let-up in affordability issues
12 Feb 2019
COMMENT: Ring-fencing rules could mean 116,000 less rentals
12 Feb 2019
Volatility in the markets is an investor's friend
12 Feb 2019
AFA offers digital KiwiSaver solution
12 Feb 2019
Augmented reality research app launched
11 Feb 2019
Contact kicks off earnings season on a bright note
11 Feb 2019
How you get paid
11 Feb 2019
Some rates up, some down; What to expect from the Reserve Bank this week
11 Feb 2019
Westpac: OCR to hold until 2022
11 Feb 2019
Confidence in rental property at 4 year low
11 Feb 2019
Confidence falls
11 Feb 2019
Pathfinder sells half its business
08 Feb 2019
All quiet on NZ sharemarket ahead of earnings season
08 Feb 2019
HSBC drops rates to 3.95%
08 Feb 2019
OCR Preview: caution expected from the Reserve Bank
08 Feb 2019
Advisers stepping in where Govt scheme lacking
08 Feb 2019
Long-time adviser loses battle with leukemia
08 Feb 2019
Advisers taking lead on complaints processes
07 Feb 2019
NZ shares gain as prospect of rate cut stokes demand for yield stocks
07 Feb 2019
Altered landscape for investors
07 Feb 2019
AMP rings changes
07 Feb 2019
How Australia’s Royal Commission could affect NZ investors
07 Feb 2019
Bull market's last charge
07 Feb 2019
Level premiums for life among Asteron changes
05 Feb 2019
Bank shares rally after let off from Royal Commission
05 Feb 2019
FE faces rating downgrade
05 Feb 2019
NZ advisers hit out at Royal Commission
05 Feb 2019
Harbour's View: What the Australian Royal Commission means for the industry
05 Feb 2019
Australia to ban trail commission
05 Feb 2019
RBNZ banking rules shaping credit markets
05 Feb 2019
Super City sales up, prices down
05 Feb 2019
Trustees Executors appointment affirms private wealth commitment
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Latest News
Pie Funds enters adviser channel
3 min read
KiwiSaver members need more advice at retirement, panellists say
3 min read
Simon Papa: Access to advice - Is adviser conservatism the issue?
9 min read
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