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August 2018
29 Aug 2018 NZ shares surge to record as market reopens; Synlait, a2 gain
29 Aug 2018 Financial advisers just 2% of IFSO complaints
29 Aug 2018 First home buyers strong, investors return in July
29 Aug 2018 Cave takes lead at Lifetime
29 Aug 2018 Advisers query EDR notice periods
29 Aug 2018 Insurance conduct regulation's missing piece
28 Aug 2018 Employers drive insurance take-up
28 Aug 2018 NZ shares suspended from trading on technical difficulties; Synlait, a2 rise, Tourism Holdings falls
28 Aug 2018 Airbnb room rental is subletting
28 Aug 2018 [GRTV] Antipodes is in New Zealand
28 Aug 2018 Next round in Mike Pero duel; Right peak will be lower than before
28 Aug 2018 Fidelity Life targets young farmers
28 Aug 2018 Pie Funds puts two staff in London
28 Aug 2018 No adjournment for Mike Pero case
28 Aug 2018 Booster gets responsibility badge
28 Aug 2018 Value manager, Antipodes, sets up NZ PIE funds [+ VIDEO]
27 Aug 2018 MARKET CLOSE: NZ shares hit record; Synlait, a2 gain while Sky TV, Z Energy drop
27 Aug 2018 Balance needed in tenancy reforms
27 Aug 2018 RESIMAC builds market share; Bank says; We're not average
27 Aug 2018 Tenancy law reform proposals announced
27 Aug 2018 OCR to peak at 2.75 percent: ASB
27 Aug 2018 FMA issues second robo advice licence
27 Aug 2018 Who is being served?
27 Aug 2018 Shore attractions
27 Aug 2018 AFA concerns on back-burner for now
27 Aug 2018 Booster to fund university ideas factory
27 Aug 2018 Financial Advice NZ recruits from associations
25 Aug 2018 Wealth business highlight for Kiwibank boss
24 Aug 2018 RESIMAC builds non-bank market share
24 Aug 2018 We're not average: Kiwibank's new boss
24 Aug 2018 Rents poised to skyrocket this summer
24 Aug 2018 FMA referred fraudster “broker” to IRD
24 Aug 2018 [The Wrap] The future of research; New groups coming; Milking big returns
24 Aug 2018 Smartshares passes $3b
24 Aug 2018 FMA referred fraudster “broker” to IRD
24 Aug 2018 Fund manager research: Where to from here?
23 Aug 2018 NZ shares drop as Air NZ, Ebos fall; F&P Healthcare, Auckland Airport gain
23 Aug 2018 Victory for Mike Pero; Calling all Young Advisers
23 Aug 2018 Advisers should spend more time understanding fixed interest investments
23 Aug 2018 Judge discharges order against Mike Pero
23 Aug 2018 Bond, insulation breaches prove costly
22 Aug 2018 NZ shares at fresh record as Trade Me, A2, Meridian gain on earnings; Fletcher drops
22 Aug 2018 AMP appoints new CEO
22 Aug 2018 A different system: the rental market in Scandinavia
22 Aug 2018 Non-bank lenders go dating
22 Aug 2018 Non-bank lenders go dating advisers
22 Aug 2018 Adviser milking big returns for clients
21 Aug 2018 NZ shares at fresh high, Vector, A2 gain while Pushpay, Comvita drop
21 Aug 2018 Geneva Finance buys in Tonga
21 Aug 2018 More rate cuts; Mortgage broker sent to jail
21 Aug 2018 Migration drops more than expected
21 Aug 2018 Mortgage broker sent to prison
21 Aug 2018 Investing: Understanding non-financial risks
21 Aug 2018 ANZ predicts OCR cut
21 Aug 2018 NZX says platform nearly live
20 Aug 2018 NZ shares at record as Skycity, Fisher & Paykel Health rally
20 Aug 2018 Financial planning should be the natural friend of good insurance coverage
20 Aug 2018 nib on deal hunt as profits rise
20 Aug 2018 Auckland prices take a slide
20 Aug 2018 Storing up value
20 Aug 2018 Rates keep falling
20 Aug 2018 New life in old whole of life policies
20 Aug 2018 KiwiSaver could help solve infrastructure questions
20 Aug 2018 Investor confidence drops
17 Aug 2018 Lower long-term rates predicted
17 Aug 2018 [The Wrap] FARs just RFAs spelt differently; Invest responsibly
17 Aug 2018 Shortage reshapes Hamilton market
17 Aug 2018 Ballantyne opens up on her career
17 Aug 2018 60 basis point rate cut; Judge calls Pero relationship dysfunctional
17 Aug 2018 Kiwi managers become more responsible
16 Aug 2018 Mike Pero v Mike Pero companies – the battle continues
16 Aug 2018 NZ shares rise as Skellerup posts record profit
16 Aug 2018 Consumers expect rate rise: ASB
16 Aug 2018 Auckland a buyer's market; Financial Advice NZ puts case to minister
16 Aug 2018 SPIKE: Kiwi managers become more responsible
16 Aug 2018 FANZ sells Synergy to partner
16 Aug 2018 Caution behind muted expectations
15 Aug 2018 Foreign buyers now banned
15 Aug 2018 NZ shares rise as earnings continue; NZX gains on spec div
15 Aug 2018 REINZ data suggests
15 Aug 2018 Mike Pero and MPM back in court
15 Aug 2018 Shanks meets Faafoi
15 Aug 2018 REINZ data suggests "buyers' market" in Auckland
15 Aug 2018 Perpetual Guardian appoints head of Investment Advice
14 Aug 2018 NZ shares bounce back from Turkish sell-down, Summerset falls on mixed result
14 Aug 2018 Mike Pero v MPM $2.5 mill debt fight back in court
14 Aug 2018 Corporate Values, worth the effort?
14 Aug 2018 New Kiwibuild lending package; OCR could actually be cut
14 Aug 2018 Getting to grips with responsible investing
13 Aug 2018 NZ shares fall as Turkey woes ripple through markets; blue chips include F&P, Fletcher drop
13 Aug 2018 Kiwibank offers 90% KiwiBuild mortgages
13 Aug 2018 IRESS opens software design to users through IRESS Labs
13 Aug 2018 “Real” risk of OCR cut: Westpac
13 Aug 2018 Manawatu property man
13 Aug 2018 NZ Funds targeting clients' points of pain
13 Aug 2018 Consumers will accept fitness trackers if they get a good discount: Study
13 Aug 2018 Article research and adviser perceptions
10 Aug 2018 NZ shares up broadly on dollar weakness, TradeMe and A2 gain while Fonterra sinks
10 Aug 2018 [The Wrap] RFAs on notice; Ballantyne tells her story; Blunder - A book on DYF and RIF
10 Aug 2018 ANZ appoints new Aust equities manager
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