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May 2016
16 May 2016 Roboadvice may be a solution to fee pressure
13 May 2016 FMA wins deregistration fight
13 May 2016 Market pressures could prompt commission change: Report
13 May 2016 High rise boom times
13 May 2016 Rates are back below 4%
13 May 2016 Some advisers earning more than $750k per year
13 May 2016 Tax changes may hit trans-Tasman transfers
12 May 2016 Final call in MTF case
12 May 2016 SFO tells clients to question advisers
12 May 2016 Harmoney increases fees for investors
12 May 2016 Defying the winter chill
12 May 2016 Home loan approvals trending up
12 May 2016 LVR measures looming
12 May 2016 Risks in new RBNZ proposal
12 May 2016 Accountants, lawyers to join advisers in AML
11 May 2016 Generate racks up $200m
11 May 2016 RBNZ having second thoughts
11 May 2016 Halo effect growing - REINZ
11 May 2016 LVR measures on the horizon
11 May 2016 Housing market still RBNZ's headache
11 May 2016 RBNZ still thinking about ways to slow the housing market
11 May 2016 Halo of confidence
11 May 2016 Nick Tuffley's interest rate update
11 May 2016 Support for wholesale change, except from banks
10 May 2016 Super Fund sells down
10 May 2016 Foreign buyer numbers revealed
10 May 2016 Comparing OCR and floating rates no longer relevant
10 May 2016 Calmer waters for Coromandel holiday rentals
10 May 2016 Investors under fire
10 May 2016 Stewart Group joins Plus4
10 May 2016 Website offers peer-to-peer insight
10 May 2016 Pressure goes on adviser fees
10 May 2016 Terminal illness cover launched
09 May 2016 Wellington Airport issues bonds
09 May 2016 Investors under fire
09 May 2016 TSB's new rate; BNZ's broker business revealed
09 May 2016 Triplejump drops staff
09 May 2016 ANZ committed to wealth
09 May 2016 FSCL members split on court bid
07 May 2016 Competition Takes Many Forms
06 May 2016 BNZ reveals how much broker business it has banked
06 May 2016 ASB encourages borrowers to go long
06 May 2016 Banks, brokers and bucks
06 May 2016 FSCL mum on court bid funding
06 May 2016 Strategising for a changing population
05 May 2016 Ensure full disclosure - ComCom
05 May 2016 BNZ's profits down
05 May 2016 Healthy Homes Bill progresses
05 May 2016 ANZ holds its rating despite profit fall
05 May 2016 Industry told: Make Kiwis care
04 May 2016 Kepa seeks new members
04 May 2016 Values rising around NZ
04 May 2016 April sees SuperCity at slower pace
04 May 2016 The 'how' and 'why' of negative interest rates
04 May 2016 ANZ talks results; CU Baywide plays three of a kind
04 May 2016 Sovereign changes underwriting process
04 May 2016 Advisers' pre-emptive strike
03 May 2016 ANZ happy with broker remuneration model
03 May 2016 Forget demand – address supply
03 May 2016 ANZ profits drop in half year results
03 May 2016 Obituary - Paul Murphy
03 May 2016 FMA slaps Craigs over AML failures
03 May 2016 ASB: The only way is up
03 May 2016 How much should advisers have known about tax on transfers?
03 May 2016 Onwards and upwards
02 May 2016 Minimum rental standards push reignites
02 May 2016 Westpac hits record result in NZ
02 May 2016 Consumers might favour algorithms over fallible humans
02 May 2016 Top of the South: Sunny side up
01 May 2016 Only sub 4% home loan due to end
April 2016
29 Apr 2016 New building trend easing
29 Apr 2016 OCR cuts imminent
29 Apr 2016 Chief operating officer appointed for NZHL
29 Apr 2016 Plan for Uber of financial advice
29 Apr 2016 Unfounded fears put people off KiwiSaver
28 Apr 2016 Agreement clears way for managers' international expansion
28 Apr 2016 PAA outlines plans to authorise all advisers
28 Apr 2016 PledgeMe approved for lending
28 Apr 2016 Outer Auckland leads rent growth
28 Apr 2016 PAA sorry for launch invitation
28 Apr 2016 OCR hold right call – for now
28 Apr 2016 Authorise all advisers says PAA; New site launched
28 Apr 2016 OCR Held - Here's what was said
28 Apr 2016 OCR held: What the Reserve Bank said
28 Apr 2016 Healthy job market for advisers, recruiter says
28 Apr 2016 Workplace Savings board members step down
28 Apr 2016 Soft commission under scrutiny
28 Apr 2016 Rise in investor lending reflects strong market
28 Apr 2016 OCR hold right call – for now
27 Apr 2016 Devil in land tax detail
27 Apr 2016 IMF to assess New Zealand
27 Apr 2016 Flipping tax talk misleading
27 Apr 2016 Westpac commission review - what does that mean for brokers here?
27 Apr 2016 Westpac launches commission review
27 Apr 2016 Better disclosure needed - but how?
27 Apr 2016 Thumbs up for roboadvice rules
26 Apr 2016 Battle lines clearly drawn
26 Apr 2016 Land tax not the way to go
26 Apr 2016 KiwiSaver withdrawals suggested to pay for advice
26 Apr 2016 Insurance shake up
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