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September 2018
17 Sep 2018 AI: Advice's next big disruption
17 Sep 2018 Price decline continues - TMP
17 Sep 2018 NZX deal adds research options
17 Sep 2018 Devon continues to invest in their team and infrastructure
17 Sep 2018 GM appointed to new mortgage group
17 Sep 2018 New adviser laws closer to reality; GM appointed to group
17 Sep 2018 Regions revving up
17 Sep 2018 AI: Advice's next big disruption
14 Sep 2018 [The Wrap] Once FSLAB's laid new game starts
14 Sep 2018 MARKET CLOSE: NZ shares gain as thaw in US-China trade relations boosts optimism; Pushpay rises on upgrade
14 Sep 2018 Southern Cross posts first loss since 2014
14 Sep 2018 BNZ makes some competitive and no so-competitive cuts
14 Sep 2018 Asset allocation calculator launched
13 Sep 2018 MARKET CLOSE: NZ shares join Asia rally on trade optimism; Fonterra loss dominates headlines
13 Sep 2018 First Auckland price increase in six months
13 Sep 2018 First Auckland price increase in six months
13 Sep 2018 More support for non-banks; FSLAB gets unanimous support
13 Sep 2018 Quiz failures show advisers could do more
13 Sep 2018 FSLAB gets unanimous support
12 Sep 2018 Landlords don’t make excessive profits – Tywford
12 Sep 2018 MARKET CLOSE: NZ shares drop back as SkyCity, Air NZ weaken; NZX rises on Nasdaq MOU
12 Sep 2018 Asset Finance agrees takeover
12 Sep 2018 Gallagher’s buys Super-Advice business
12 Sep 2018 ACC 'should cover sickness'
12 Sep 2018 ASB hires former Reserve Bank chairman
12 Sep 2018 Rod Carr returns to banking
12 Sep 2018 Picking Winners
12 Sep 2018 Two banks rate cuts + People News
12 Sep 2018 UK firm takes 50% stake in NZAM
12 Sep 2018 Plus4 expands in central New Zealand
11 Sep 2018 NZ shares up 2% as energy stocks rally on expert report; A2, Fisher & Paykel Health gain
11 Sep 2018 Who has Faafoi been meeting?
11 Sep 2018 Southern Cross sparkles; Got your ticket yet?
11 Sep 2018 Southern Cross enjoys strong year
11 Sep 2018 Investing: The Good-Bad-Good of Share Buybacks
11 Sep 2018 BNZ splits wealth team
11 Sep 2018 Crypto 'next asset class'
10 Sep 2018 Treasury to begin consultation on second phase of RBNZ review
10 Sep 2018 NZ shares drop from recent highs; Ryman, Fletcher fall
10 Sep 2018 Frank thoughts from FMA; PAA tries to disappear
10 Sep 2018 The lost advisers
10 Sep 2018 Life changers
10 Sep 2018 Financial Advice NZ: Focus on outcome, not time it took
09 Sep 2018 Rental WoF won't help affordability
07 Sep 2018 [The Wrap] Three very different tales of associations
07 Sep 2018 NZ shares fall as investors cash in August gains; Tourism Holdings, A2 drop
07 Sep 2018 Awards handed out
07 Sep 2018 Short-term targets, long-term promises create poor conduct: Ballantyne
07 Sep 2018 Who should be on Fin Advice NZ board?
07 Sep 2018 Lower vacancy rates in “green” buildings
07 Sep 2018 Pero wins dividend pay-out
07 Sep 2018 ASB offers Kiwibuild sweeteners
07 Sep 2018 ASB cuts long-term rates
07 Sep 2018 PAA wind-up falls short of quorum
07 Sep 2018 'It feels tacky but everyone else is doing it...'
06 Sep 2018 Sovereign gets equality nod
06 Sep 2018 NZ shares drop as stocks shed dividend rights; Synlait, Heartland, A2 fall
06 Sep 2018 Mortgage Express hires Sara Hartigan
06 Sep 2018 Latest QV house price stats
06 Sep 2018 Code of conduct launched amid warnings for industry
06 Sep 2018 Client ignored for 20 years
06 Sep 2018 Modest market a-changing
06 Sep 2018 Bank advice criticised
06 Sep 2018 Failed MPM relationship doesn’t mean deadlock
05 Sep 2018 MPM Judge asks: What's the argument?
05 Sep 2018 NZ shares fall, Sky TV and FPH drop while Chorus, Arvida rise
05 Sep 2018 New venture to drive down construction costs
05 Sep 2018 Prices up despite subdued market
05 Sep 2018 Mike Pero case judge wonders what the argument is
05 Sep 2018 Associations' quandary: Boost numbers, maintain standards
05 Sep 2018 Asteron reveals product changes
04 Sep 2018 NZ shares gain as investors eye rate cut change; Sky TV, Port of Tauranga gain
04 Sep 2018 Proposed Healthy Homes standards out
04 Sep 2018 50% chance of OCR cut; Mortgage People looks to grow
04 Sep 2018 Game of two halves
04 Sep 2018 Perspective On Markets - It's An Age Thing
04 Sep 2018 Mortgage People looks to grow post deal
04 Sep 2018 People Group completes a Trifecta
04 Sep 2018 Shanks: Use Money Week to have advice message heard
03 Sep 2018 NZ shares fall from recent highs, led lower by Fisher & Paykel on earnings downgrade
03 Sep 2018 Pyne Gould says litigation likely over Perpetual Trust sale
03 Sep 2018 nib partners with Ronald McDonald
03 Sep 2018 Lifetime completes capital raising
03 Sep 2018 Market pricing 50% chance of OCR cut: ANZ
03 Sep 2018 Record keeping and all that
03 Sep 2018 Kiwibank ends one-year special
03 Sep 2018 'Interested parties' see potential to grow FundSource: NZX
03 Sep 2018 The active v passive debate is dead: (former) researcher
01 Sep 2018 [The Wrap] Feel good week; Celebrating success in financial services
August 2018
31 Aug 2018 NZ shares fall today, led lower by Sky TV and Tourism Holdings, but gain 4.4% in August
31 Aug 2018 Rival gets diversity gong
31 Aug 2018 Kiwibank one-year special to rise
31 Aug 2018 AMP credit rating cut on back of Royal Commission
31 Aug 2018 Property news for brokers
31 Aug 2018 Dodds helps old TFAS advisory group rebirth
30 Aug 2018 NZ shares drop as Sky TV, NZX fall; Vector, Chorus gain
30 Aug 2018 Auckland consents at 2nd highest ever
30 Aug 2018 Cressida deploys $50 million
30 Aug 2018 Cressida deploys $50 million capacity for premium product
30 Aug 2018 Nikko claims top award [+ VIDEO]
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