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October 2016
27 Oct 2016 Southern Cross changes retirees' premiums
26 Oct 2016 FundSource hands top gong to Fisher Funds
26 Oct 2016 All go for Crown Land developments
26 Oct 2016 KiwiSaver bounces back
26 Oct 2016 Maxwell calls for super changes
26 Oct 2016 Investors over-optimistic on price growth - ANZ
26 Oct 2016 The last of the OCR cuts - ANZ
26 Oct 2016 Next OCR cut to be the last - ANZ
26 Oct 2016 Don't dismiss KiwiSaver, advisers told
25 Oct 2016 Dowling takes on key FPSB role
25 Oct 2016 UDC downgraded and flagged as possibly for sale
25 Oct 2016 Prospect of DTIs looms larger
25 Oct 2016 OCR projections replace 90-day bank bill rate
25 Oct 2016 Migration spurs housing demand
25 Oct 2016 Financial Advice NZ consultation begins
25 Oct 2016 How to find a commercial property
22 Oct 2016 Tenancy Services takes on enforcer role
21 Oct 2016 Migrant flow hits new highs – for now
21 Oct 2016 Rent flatline continues
21 Oct 2016 Westpac stops some lending; ANZ loosens up
21 Oct 2016 FSC wants to work with advisers
21 Oct 2016 Littlewood itching to get started on robo launch
20 Oct 2016 Forex Ponzi accused in court
20 Oct 2016 Lending times they are a’ changing
20 Oct 2016 Private sales part of HNZ build programme
20 Oct 2016 Klipin takes helm of FSC
20 Oct 2016 Market in cruise mode
20 Oct 2016 KiwiSaver advice sparks complaints
20 Oct 2016 KiwiSaver risk reward just 2.1%
19 Oct 2016 Z issues bonds
19 Oct 2016 Westpac tightens; ANZ loosens lending criteria
19 Oct 2016 Super Fund's new climate strategy
19 Oct 2016 OCR to be cut despite inflation
19 Oct 2016 Wait continues for FAA detail
19 Oct 2016 October launch for FundSource reports
18 Oct 2016 Inflation result won’t stop OCR cut
18 Oct 2016 Market settles into cruise mode
18 Oct 2016 Royle joins Mortgage Link
18 Oct 2016 As expected Kiwibank moves
18 Oct 2016 Advisers welcome prospect of robo
18 Oct 2016 Big providers prime targets for automated advice
18 Oct 2016 Trump win could mean more work for advisers
18 Oct 2016 TPD a higher hurdle to pass
18 Oct 2016 Young investor’s secret to success
17 Oct 2016 Leaky building class action court-bound
17 Oct 2016 Jennings joins BAA board
17 Oct 2016 Tereora in charge at Fidelity Life
17 Oct 2016 Watch housing market update
17 Oct 2016 Client interests first (or business interests first?)
15 Oct 2016 This could be a spring like no other
14 Oct 2016 General Finance raises rates
14 Oct 2016 Meth is landlords' big worry
14 Oct 2016 The state of the housing market
14 Oct 2016 ASB's big mortgage writer acknowledged
14 Oct 2016 Mortgage Link considers licenced entity model
14 Oct 2016 Small win for landlords
14 Oct 2016 Fidelity Life boosts profit
14 Oct 2016 Crunch on advisers' time
13 Oct 2016 Advised sales get more claims paid
13 Oct 2016 Apartment failures mean investing care needed
13 Oct 2016 Affordability levels causing buyer strain
13 Oct 2016 Data, not intent, key to expert analysis
13 Oct 2016 LVRs starting to bite - REINZ
13 Oct 2016 Cooper retires from Planet
13 Oct 2016 LVRs starting to bite - REINZ
12 Oct 2016 NZ property data tools on the rise
12 Oct 2016 RBNZ signals more cuts on way
12 Oct 2016 Market manipulation unreasonable conclusion - expert
12 Oct 2016 Banks tackle KiwiSaver advice question
12 Oct 2016 Obituary: Daryl McAlinden
12 Oct 2016 Lower OCR around corner
11 Oct 2016 NZ must be nimble on p2p: Seymour
11 Oct 2016 Sovereign tweaks top team
11 Oct 2016 Tough times for Kiwi investors
11 Oct 2016 Market manipulation unreasonable conclusion - expert
11 Oct 2016 Deal increases Lifetime's reach
11 Oct 2016 Warminger mounts defence
11 Oct 2016 Tough lending times for investors
10 Oct 2016 Goff told: Help, not hinder development
10 Oct 2016 Govt ramps up building programme
10 Oct 2016 Govt to build more houses in Akld?
10 Oct 2016 Industry adjusted to culture shock: FMA
10 Oct 2016 KiwiSaver furore gave advice boost
10 Oct 2016 Insurers tackle obesity problem
10 Oct 2016 Navigating the new LVRs
07 Oct 2016 KiwiSaver members almost triple their money
07 Oct 2016 ASB raises most of its Specials
07 Oct 2016 Assumptions, not evidence – Warminger defence
07 Oct 2016 New Zealand could take roboadvice lead
06 Oct 2016 40pc may not be the end of the rules
06 Oct 2016 Morningstar 'neutral' on Fisher
06 Oct 2016 MPs urged to heed calls of landlords
06 Oct 2016 Acceptable trading behaviour questioned
06 Oct 2016 Legislation change prompts big decisions
06 Oct 2016 Nib increases Ultimate Health product price
06 Oct 2016 Auckland rent yields drop
05 Oct 2016 MBIE releases proposed KiwiSaver changes
05 Oct 2016 Providers bemoan KiwiSaver guidance
05 Oct 2016 Tenant liability intervention sought
05 Oct 2016 Fixed rates start rising - slowly
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