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September 2016
15 Sep 2016 Southern Cross records $35m surplus
14 Sep 2016 Themed ETFs launched
14 Sep 2016 Themed ETFs launched
14 Sep 2016 Simplicity open for business
14 Sep 2016 Apartment appeal on the rise
14 Sep 2016 Holm joins FSCL board
14 Sep 2016 What's good advice from an RFA?
14 Sep 2016 Lack of young advisers may leave businesses floundering
14 Sep 2016 Limited supply biggest market driver
13 Sep 2016 Accuro Health Insurance streamlines claiming process
13 Sep 2016 Increased protection from AA Insurance change
13 Sep 2016 Rising prices shift apartment perceptions
13 Sep 2016 Impact of RBNZ's latest restrictions about to be revealed
13 Sep 2016 Increased protection from AA Insurance change
13 Sep 2016 Advisers' big fee hurdle
13 Sep 2016 Wait for FAA information
13 Sep 2016 Partners increases medical policy price
12 Sep 2016 Code changes signed off
12 Sep 2016 Lessons from unconventional monetary policy for New Zealand
12 Sep 2016 Restrict investors to new builds – Property Institute
12 Sep 2016 Restrict investors to new builds?
12 Sep 2016 Partners closes Blackstone deal
12 Sep 2016 Insurance adviser joins Plus4
12 Sep 2016 KiwiSaver puts squeeze on
12 Sep 2016 Reporting season another boost for equities
12 Sep 2016 REINZ names new CEO
10 Sep 2016 How the west was(n't) won
10 Sep 2016 Milford: Warminger's decision to fight FMA a personal one
09 Sep 2016 New signing for Aegis
09 Sep 2016 At last....some banks change rates
09 Sep 2016 Kiwis want free financial advice
09 Sep 2016 Share appoints advisers
09 Sep 2016 Low interest rates, political risk new normal for investors
09 Sep 2016 KiwiSaver members lack knowledge on fees
09 Sep 2016 When to buy: Old versus new
08 Sep 2016 ETF fee drops
08 Sep 2016 Online real estate savings
08 Sep 2016 NZX signs deal
08 Sep 2016 Urgent housing debate derailed
08 Sep 2016 Urgent housing debate derailed
08 Sep 2016 RIG to launch into pension transfers
08 Sep 2016 Advisers' fears about reform
08 Sep 2016 Loan fee guidelines issued
07 Sep 2016 Into the meth testing void
07 Sep 2016 The truth behind multiple property owners
07 Sep 2016 Financial Advice NZ's 100-day plan
07 Sep 2016 First year loss not unexpected: LendMe
06 Sep 2016 One million dollar city
06 Sep 2016 LVR rules clarified
06 Sep 2016 Kiwi robo rules may be similar to Australia's
06 Sep 2016 Industry must embrace change: CFFC
06 Sep 2016 New LVR rules clarified
06 Sep 2016 Buyer classification not black and white
05 Sep 2016 Things are looking up: HFANZ
05 Sep 2016 New LVR rules clarified, confirmed
05 Sep 2016 The cost of convenience
05 Sep 2016 Latest Auckland house price data out
05 Sep 2016 The West looks East
05 Sep 2016 Price growth claims over-inflated - B&T
05 Sep 2016 Managers introduce new tier to fees
05 Sep 2016 Some advisers in for a shock: Trainer
04 Sep 2016 Accuro releases new product enhancements
02 Sep 2016 Fishers buy one of NZ's priciest houses
02 Sep 2016 Drop in rates unlikely - ANZ
02 Sep 2016 Sovereign loses distribution boss
02 Sep 2016 Best interest 'unworkable'
01 Sep 2016 Lower mortgage rates unlikely - ANZ
01 Sep 2016 Auckland bucks listings trend
01 Sep 2016 Land banking latest scapegoat
01 Sep 2016 New insulation installation standard launched
01 Sep 2016 Ara launches adviser degree - but is there demand?
August 2016
31 Aug 2016 Supply standoff in Hamilton
31 Aug 2016 Furore over land banking exaggerated
31 Aug 2016 Quiet days of spring
31 Aug 2016 Resigned FSC members rejoin
31 Aug 2016 Associations swerve Money Week
31 Aug 2016 Look under the bonnet of bond benchmarks
31 Aug 2016 Property investors sidelined by RBNZ – For now
30 Aug 2016 Consents dip adds to supply worries
30 Aug 2016 Auckland’s new top 20 hotspots
30 Aug 2016 Speculators, land banking - election hot topics
30 Aug 2016 Stewart nails third capital raising
29 Aug 2016 Speculators, land banking - election hot topics
29 Aug 2016 Strength in the Manawatu shadows
29 Aug 2016 Weaver leaves MJW
29 Aug 2016 ComCom wants legal clarity
29 Aug 2016 RESIMAC takes the lead
29 Aug 2016 FMA 'suggested' Diversified sell to Fisher
29 Aug 2016 Criminal charges for on-selling agent
26 Aug 2016 Rising pressures impact on Kiwibank
26 Aug 2016 LVRs won’t halt house price growth – S&P
26 Aug 2016 Developers flocking to non-bank finance
26 Aug 2016 Sovereign leadership shake-up
26 Aug 2016 Formal Financial Advice NZ conversations start next month
25 Aug 2016 Non-bank finance makes for small development boom
25 Aug 2016 Century21
25 Aug 2016 Dodgy Auckland agent loses licence
25 Aug 2016 Milford appoints new CEO
25 Aug 2016 LVRs to impact on mortgage lending
25 Aug 2016 Generate rakes in new FUM
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