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December 2016
07 Dec 2016 Housing initiative unable to progress
07 Dec 2016 Foreign buyers biggest market influence - poll
07 Dec 2016 ASB appoints new senior executive to lead its retail business
07 Dec 2016 Westpac takes long rates higher
07 Dec 2016 TSB cops formal AML warning
07 Dec 2016 Fisher appoints NZ equities manager
07 Dec 2016 Traditional balanced fund models may not deliver
06 Dec 2016 Check record before committing
06 Dec 2016 Simon Fisher catches a CEO role
06 Dec 2016 Insurance group Preferred NZ looks to come out of the shadows
06 Dec 2016 Pie Funds targets Europe and the UK from Hawkes Bay
05 Dec 2016 Will Key resignation pave way for NZ Super changes?
05 Dec 2016 Kiwibank rises; Say no to DTIs broker group says
05 Dec 2016 Fee debate welcomed
05 Dec 2016 Price rises stop in Auckland
04 Dec 2016 Trump: Uncertainty as well as hope
03 Dec 2016 Mortgage group writes to Finance Minister about DTIs
02 Dec 2016 New CEO at Southern Cross Healthcare
02 Dec 2016 Back to the novel for holiday reading
02 Dec 2016 DTI ratios not expected any time soon
02 Dec 2016 Booster boosts board
01 Dec 2016 Unintended consequences
01 Dec 2016 Buying or selling property? Know your tax obligations
01 Dec 2016 FAA review delayed
01 Dec 2016 FAA review delayed
01 Dec 2016 Slowing growth trend continues - QV
01 Dec 2016 AMP takes out top award
01 Dec 2016 Green’s rental bill fails
01 Dec 2016 More options for buyers
01 Dec 2016 Addressing housing market risks - RBNZ
01 Dec 2016 Global infrastructure hit by two big risk factors
November 2016
30 Nov 2016 Devon to get new MD
30 Nov 2016 Funding new worry for RBNZ
30 Nov 2016 Fixed term tenancies most popular
30 Nov 2016 Addressing housing market risks - RBNZ
30 Nov 2016 DTIs not in the near future - economists
30 Nov 2016 Growing options for mortgage advisers
30 Nov 2016 RBNZ readies to deploy DTI tools
30 Nov 2016 RBNZ asks for DTI tools
29 Nov 2016 Tufui wins top SBS award
29 Nov 2016 Jack Regan gets a new role in AMP reshuffle
29 Nov 2016 Wellington market moves on
29 Nov 2016 SBS grows and adjusts commission levels
29 Nov 2016 Heartland interested in UDC
29 Nov 2016 Price fixing earns agency $1.25 million fine
29 Nov 2016 Avanti gets good report card
29 Nov 2016 Targeted rates proposed for housing developments
29 Nov 2016 Westpac follows along
29 Nov 2016 Investor success bubbling away
29 Nov 2016 FAA licensing process will be bigger job thn FMCA: Mason
28 Nov 2016 Castle Point appoints distributor
28 Nov 2016 [Updated] Fund managers on home straight of licencing race
28 Nov 2016 Investor success bubbling away
25 Nov 2016 Heartland Bank to re-enter residential mortgages
25 Nov 2016 Ringing in the rate changes
25 Nov 2016 Performance fee update – lesson for NZ
25 Nov 2016 FMCA compliance tough but worthwhile: AMP
24 Nov 2016 Downbound trend for investor lending
24 Nov 2016 Devil in property tax detail
24 Nov 2016 Bentley adds new manager
24 Nov 2016 Primed for future growth
24 Nov 2016 ANZ sets new highs
24 Nov 2016 KiwiSaver quake moves spark warning
24 Nov 2016 Bill introduced to lift adviser requirements
24 Nov 2016 Robo offer will soon become essential for advisers: Symons
23 Nov 2016 Westpac makes substantial change
23 Nov 2016 Give your ABS a check-up
23 Nov 2016 Demand leads to new renovation cover
23 Nov 2016 Rents on the rise
22 Nov 2016 Asteron offers quake help
22 Nov 2016 Non-bank lender moves into peer to peer lending
22 Nov 2016 Financial Advice NZ offers online feedback option
22 Nov 2016 Before you sign on the dotted line
21 Nov 2016 Leaky building mega suit hits court
21 Nov 2016 NZ commercial market global star
21 Nov 2016 BNZ offers 4% term deposit rate
21 Nov 2016 Another bank increases rates
21 Nov 2016 Milford to establish private equity fund
21 Nov 2016 New peer-to-peer mortgage provider licensed
21 Nov 2016 Banks raise concern about 'fee-chasers'
21 Nov 2016 'Lower forever' no longer safe interest rate view
19 Nov 2016 Regional gap in estate planning reveals Aucklanders on thin ice
18 Nov 2016 Post-earthquake OCR cut unlikely
18 Nov 2016 Debate rages over foreign buyer data
18 Nov 2016 Inflation returns to the global economy?
18 Nov 2016 Argument rages over foreign buyer data
18 Nov 2016 Growth fund that shrank prompts client complaint
18 Nov 2016 FMA gets set for new regime
18 Nov 2016 Investors may expect more from NZ in wake of quake
17 Nov 2016 Deal thaws insurance freeze
17 Nov 2016 Bright future for Asset in Auckland
17 Nov 2016 Brokers unhappy with ASB's new refix process
17 Nov 2016 New sales head for Partners
17 Nov 2016 First taste of roboadvice bitter for brokers
17 Nov 2016 Insurance freeze puts property deals on hold
17 Nov 2016 Property deals on hold due to insurance freeze
17 Nov 2016 Kiwibank shifts its focus
17 Nov 2016 Insuring houses tougher post quakes
17 Nov 2016 Ditch benchmarks in client conversations, advisers told
16 Nov 2016 Complectus IPO deferred
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