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November 2016
16 Nov 2016 House sales drop nationwide
16 Nov 2016 Kiwis seek RI information - but not from advisers
16 Nov 2016 Advisers told to form connections with clients' kids
16 Nov 2016 Unitary Plan moves forward
15 Nov 2016 Fidelity offers earthquake assistance
15 Nov 2016 ANZ first bank to offer earthquake package
15 Nov 2016 Drop in mortgage-free properties
15 Nov 2016 Orkibi’s rules to investing
15 Nov 2016 FMA warns code changes must be adopted within months
15 Nov 2016 Advisers told to warn clients off cold-callers
14 Nov 2016 Start your Insuretech project now
14 Nov 2016 Quake impact likely to be modest
14 Nov 2016 Decline in sales nationwide
14 Nov 2016 Co-Op Bank latest to increase rates
14 Nov 2016 Advisers should see no impact from review: ANZ
14 Nov 2016 Opportunities in post-Trump world
14 Nov 2016 Fisher to leave Partners Life
14 Nov 2016 More investors, fewer mortgage free properties
12 Nov 2016 How FEI Investments reinvented itself
11 Nov 2016 Fire levies unfair for investors
11 Nov 2016 Sovereign appoints head of claims
11 Nov 2016 Rates won't fall on back of OCR cut
11 Nov 2016 New Zealand 'totally different' to passive-focussed US
11 Nov 2016 Platform promises to drive productivity
10 Nov 2016 Never-ending changes for mortgage advisers
10 Nov 2016 RESIMAC answer broker questions over its new channel
10 Nov 2016 The Trump Victory – How might investors react?
10 Nov 2016 DTIs not on the cards yet - RBNZ
10 Nov 2016 DTIs not on the cards yet - RBNZ
10 Nov 2016 Don't expect rates to fall on back of OCR cut
10 Nov 2016 Powerhouse regions continue to rise
10 Nov 2016 US election casts shadow over OCR response
10 Nov 2016 Kiwis ready for roboadvice, survey shows
10 Nov 2016 OCR cut no surprise
10 Nov 2016 Good news for Liberty
10 Nov 2016 What the Reserve Bank said today
10 Nov 2016 RBNZ cuts rates - here's what they said
10 Nov 2016 Advisers set for 'damage control'
09 Nov 2016 Meth threat still no.1 fear for landlords
09 Nov 2016 Sovereign appoints new distribution boss
09 Nov 2016 20 year low in buyer sentiment
09 Nov 2016 Record low in buyer sentiment
09 Nov 2016 Robo not just for investment
09 Nov 2016 Bean: Stop advisers going extinct
09 Nov 2016 Hedge funds may have a place in retail portfolios
08 Nov 2016 Unrealistic price expectations prompt warning
08 Nov 2016 FMA offers KiwiSaver advice guidance
08 Nov 2016 Quality over quantity for Westpac
08 Nov 2016 FMA: You shoudn't need a 'how to' client-first guide
08 Nov 2016 The attractions of energy efficiency
07 Nov 2016 ASB issues notes
07 Nov 2016 Westpac says policy changes focused on quality lending
07 Nov 2016 Historic low for OCR expected
07 Nov 2016 AFAs dodge levy increase
07 Nov 2016 Top 30 suburbs under $300k
06 Nov 2016 nib adds board member
04 Nov 2016 ASB raises fixed rates
04 Nov 2016 The lure of the regions
04 Nov 2016 Coaching key part of holding on to clients
04 Nov 2016 OCR to hit lowest point this week
04 Nov 2016 Influx of new rentals only just keeping up with demand: B&T
03 Nov 2016 ANZ boss warns of inexperienced investors
03 Nov 2016 Things we should stop doing
03 Nov 2016 Super City sales plummet
03 Nov 2016 Inflation pressure off - slightly
03 Nov 2016 FSC members want to see advisers' value highlighted
03 Nov 2016 Call for one AML supervisor
03 Nov 2016 Alpha may become more dominant in low-return environment
02 Nov 2016 Inflation pressure off - slightly
02 Nov 2016 New urban development policy ready to go
02 Nov 2016 Pace of growth slows as LVRs impact - QV
02 Nov 2016 Advice may be missing as schemes wound up
02 Nov 2016 Green light for post-FMCA ROPS, but demand down
01 Nov 2016 RESIMAC gets it's first white-label boost
01 Nov 2016 Pace of growth slows as LVRs impact - QV
01 Nov 2016 Lustre coming off Auckland property
01 Nov 2016 Market cooling might last - ANZ
01 Nov 2016 Investor activity down
01 Nov 2016 Pension changes could hit migrants hard
01 Nov 2016 Clients complain about churn
October 2016
31 Oct 2016 Kiwibank sale confirmed
31 Oct 2016 Decline in consents worrying for Auckland
31 Oct 2016 Lower costs, better processes: Future bright for advisers
31 Oct 2016 New Plymouth: On the map
31 Oct 2016 Carmel Fisher to step down
31 Oct 2016 Mortgage adviser market pays off for BNZ
31 Oct 2016 Investor activity down - myvalocity
31 Oct 2016 Adapt or die, insurers told
31 Oct 2016 Roboadvice could divert clients: Naylor
28 Oct 2016 Big fine for PGC
28 Oct 2016 Releasing claims data not straightforward: Insurers
28 Oct 2016 Brokers write 40% of BNZ loans
28 Oct 2016 Meth assumptions shaken by new report
28 Oct 2016 The lowest rate on the market goes
28 Oct 2016 Undesirables to be removed from Vanguard fund
28 Oct 2016 Advisers tackle client-first question
27 Oct 2016 Fall in investor lending continues
27 Oct 2016 Mortgage fraud absconder pleads guilty
27 Oct 2016 Joining the dots to solve Auckland’s problems
27 Oct 2016 Green light for Crown land developments
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