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August 2016
05 Aug 2016 Winners and losers
05 Aug 2016 RESIMAC makes important changes to rates and fees (+ VIDEO)
05 Aug 2016 Little doubt OCR cut coming
05 Aug 2016 RESIMAC has lowered rates
05 Aug 2016 Fisher dividend up
05 Aug 2016 No tenant liability under new rules
05 Aug 2016 Craigs joins NZX platform
05 Aug 2016 Financial services provider 'should be allowed to follow law'
05 Aug 2016 AML still tough for some AFAs
04 Aug 2016 Morningstar's Chris Douglas returns
04 Aug 2016 Apartment size key to future lending
04 Aug 2016 LVR to target bank risk, not prices
04 Aug 2016 Adviser numbers drop
04 Aug 2016 Banks too dominant in KiwiSaver: Survey
04 Aug 2016 Bank risk real LVR target
04 Aug 2016 Apartment size key to future lending
03 Aug 2016 BNP appoints advice boss
03 Aug 2016 Will insurance become redundant as things get safer?
03 Aug 2016 QV: Prices still running hot
03 Aug 2016 Financial Advice NZ could play regulatory role
03 Aug 2016 Squirrel launches secondary market
03 Aug 2016 Investor confidence increases
03 Aug 2016 Slowdown in Auckland market – B&T
02 Aug 2016 Perpetual Guardian plans $150m IPO
02 Aug 2016 Perpetual Guardian plans $150 mill IPO
02 Aug 2016 No stopping value rises: QV
02 Aug 2016 BNZ moves rates; Foreign buyer report called misleading
02 Aug 2016 Ballantyne hopeful of OIO nod 'soon'
02 Aug 2016 Correction on the cards?
02 Aug 2016 Harmoney's first full-year results show loss
02 Aug 2016 Jennings gets top IFA award
01 Aug 2016 Foreign buyer stats 'misleading'
01 Aug 2016 Newton Ross welcomes new advisers
01 Aug 2016 Harmoney faces charges
01 Aug 2016 Southern beauty
01 Aug 2016 HomeStart changes meant to open up market
01 Aug 2016 Surprise rate cut
01 Aug 2016 A good question from ANZ
01 Aug 2016 Stubbs launches not-for-profit KiwiSaver scheme
July 2016
31 Jul 2016 Heartland Seniors Finance gets a tick
31 Jul 2016 Devine takes over
29 Jul 2016 Young mortgage adviser of the year named (+ VIDEO)
29 Jul 2016 Relief as consents bounce back up
29 Jul 2016 Country's top lenders named
29 Jul 2016 Solvency key for self-employed borrowers
28 Jul 2016 Financial Advice NZ gets green light
28 Jul 2016 Lender of the year named
28 Jul 2016 Top lenders of the year named
28 Jul 2016 More state house sales on the agenda
28 Jul 2016 'Client first' right standard for the industry: Everett
28 Jul 2016 Mortgage lending drops
28 Jul 2016 Big DIMS bill looming
28 Jul 2016 Investors must battle fear
27 Jul 2016 Auckland’s future is up and out
27 Jul 2016 Auld takes on new KiwiSaver role
27 Jul 2016 KiwiSaver approach to health insurance needed
27 Jul 2016 Fall in mortgage lending
27 Jul 2016 No looming price crash
27 Jul 2016 Defensive funds regain ground
27 Jul 2016 'Work to do' to get advisers on to responsible investment
26 Jul 2016 Selling privately - a good idea?
26 Jul 2016 FMA wants more money
26 Jul 2016 IFA mum on FANZ vote
26 Jul 2016 No property price crash looming
25 Jul 2016 Suncorp appoints investment boss
25 Jul 2016 What's more important: Equity or income?
25 Jul 2016 Private versus agent sales
25 Jul 2016 Future Penny has eye on Kiwi market
25 Jul 2016 IFA checks in on RFA members
24 Jul 2016 Banks care more about income than equity
22 Jul 2016 LVR rules an opportunity for P2P
22 Jul 2016 Unusual week
22 Jul 2016 D-Day for Unitary Plan looming
22 Jul 2016 FAA review means advisers spend less time advising clients
21 Jul 2016 No let-up in migration pressure on housing
21 Jul 2016 Reserve Bank signals more OCR cuts
21 Jul 2016 Reserve Bank signals more OCR cuts
21 Jul 2016 Warning: Rents will rise
21 Jul 2016 Banks already introducing tougher rules for property investors
21 Jul 2016 Fisher Funds defends 'super-salary'
21 Jul 2016 IDS restructures to guide advisers through change
21 Jul 2016 Westpac cuts off investor lending
20 Jul 2016 Banks already introducing tougher rules for property investors
20 Jul 2016 Boom, boom, boom; Three banks move
20 Jul 2016 Westpac cuts off investor lending
20 Jul 2016 Major shakeups coming in lending world
20 Jul 2016 RESIMAC in merger talks with fellow non-bank lender
20 Jul 2016 New lending rules shuts young people out
20 Jul 2016 'Unintended consequences' of landlord crackdown
20 Jul 2016 Stewart Group boosts investment committee
20 Jul 2016 Adviser products shine
20 Jul 2016 Rising prices make for rising rents
19 Jul 2016 [OPINION] Proposed two-tier system has major flaws
19 Jul 2016 Property Institute slams RBNZ 'u-turn'
19 Jul 2016 Reserve Bank calls for changes to investor LVRs
19 Jul 2016 Crackdown on investor lending
19 Jul 2016 Reserve Bank targets investor lending
19 Jul 2016 Auckland’s rental hot spots
19 Jul 2016 Managers struggle in volatile environment
18 Jul 2016 More Ross settlements
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