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February 2016
25 Feb 2016 No let-up in migration flow
25 Feb 2016 Intensification plans in disarray
24 Feb 2016 Harbour takes top award
24 Feb 2016 Homes selling faster in regions
24 Feb 2016 Record profits despite volatility
24 Feb 2016 NZX says 2015 focus on funds services paid off
24 Feb 2016 Lawyers argue exemptions should stay
24 Feb 2016 Volatility, regulation don’t hold back banks
23 Feb 2016 Insulation benefits might be exaggerated
23 Feb 2016 Adviser in court
23 Feb 2016 Threats linger for banks – S&P
23 Feb 2016 Good returns for BoP landlords
23 Feb 2016 Flat half-year for Kiwibank
23 Feb 2016 Submissions due today on code changes
23 Feb 2016 Sharemarket likely to be more resilient than global counterparts
23 Feb 2016 Property crackdown boosted by more IRD numbers
22 Feb 2016 Harmoney arrears increase
22 Feb 2016 Flat six months for Kiwibank
22 Feb 2016 Managers move away from alternatives
22 Feb 2016 nib to focus on growing group business
22 Feb 2016 Rent loss set to drop
22 Feb 2016 FMA: Conflict not a problem
22 Feb 2016 FSC and WSNZ told to grab opportunity
22 Feb 2016 Stepping into development
21 Feb 2016 AMP plans no premium increases this year
19 Feb 2016 Rate increase
19 Feb 2016 All clear for state house sales
19 Feb 2016 Partners quits HFANZ
19 Feb 2016 Entity licensing could be detrimental to insurance advice
19 Feb 2016 Lack of disciplinary action shows advisers performing
18 Feb 2016 Tenancy debt level to improve
18 Feb 2016 Zoning debate forces Council meeting
18 Feb 2016 Call to beef up proposed rental standards
18 Feb 2016 AMP lifts profit as cashflows soar more than 60%
18 Feb 2016 Lifestyle matters for banks
18 Feb 2016 More than just ability to pay matters
18 Feb 2016 Proposed code changes welcomed
18 Feb 2016 FMA offers advisers tools
18 Feb 2016 How low can interest rates go?
17 Feb 2016 HSBC offers lowest home loan rate in over 50 years
17 Feb 2016 Inflation expectations fall sharply
17 Feb 2016 Property Council slams SuperCity councillors
17 Feb 2016 Single association would have more clout: Dodds
17 Feb 2016 AML compliance improves, despite three warnings
17 Feb 2016 Returns reality different to perception
16 Feb 2016 Politicking bad for supply shortage
16 Feb 2016 ASB drops low-equity fee
16 Feb 2016 The advice gap
16 Feb 2016 Slow growth expected
16 Feb 2016 Dropping rates should boost slow growth
16 Feb 2016 Industry ponders role of FSC
15 Feb 2016 AML obligations missed
15 Feb 2016 FSC boss quits
15 Feb 2016 Auckland market hotspots
15 Feb 2016 Lower mortgage rates expected
15 Feb 2016 Struggle street to property baron
15 Feb 2016 Expect lower mortgage rates in six months: Stephens
15 Feb 2016 Don't give professional bodies regulatory role: Committee
12 Feb 2016 Battle lines drawn over Unitary Plan
12 Feb 2016 Squirrel looks for lots of nuts
12 Feb 2016 Time to tackle issue of advice for less wealthy
12 Feb 2016 Peer cover a hard sell but new product planned
12 Feb 2016 Harmoney signals need to change fees
11 Feb 2016 Tight listings compound slowdown
11 Feb 2016 Bolton looks to squirrel away investors' money
11 Feb 2016 Apartment market hits a plateau
11 Feb 2016 Record profit for ASB
11 Feb 2016 Forum attendees agree changes needed
10 Feb 2016 Payouts top $1.1 billion again
10 Feb 2016 ASB regains market share and sticks with commission model
10 Feb 2016 Intensification debate heats up
10 Feb 2016 ASB reports record half
10 Feb 2016 Tax could stifle housing development
10 Feb 2016 MBIE rates financial advice as a career
09 Feb 2016 Mint adds analyst to its team
09 Feb 2016 P2P investors told to get tax advice
09 Feb 2016 Milford passes $500m mark in KiwiSaver
09 Feb 2016 Decrease in Auckland values
09 Feb 2016 SBS cuts to remain competitive
09 Feb 2016 Should fund managers invest in their own funds?
09 Feb 2016 Banks cut cash PIEs to half OCR
09 Feb 2016 Banks cut cash PIEs to half OCR
09 Feb 2016 Sovereign holds on to market top spot
08 Feb 2016 ANZ changes platform
08 Feb 2016 ETFs phone home: a stellar year for Smartshares
05 Feb 2016 RAM investors return profits
05 Feb 2016 Evaluating active managers and Active Share
05 Feb 2016 China: Accepting the landing
05 Feb 2016 Forecasts not commitment - RBNZ
05 Feb 2016 Worry code changes slipping under radar
05 Feb 2016 New tax bad for housing development
05 Feb 2016 Finding the one
04 Feb 2016 Forecasts not commitment - RBNZ
04 Feb 2016 OCR cut outlook shifts
04 Feb 2016 RBNZ governor: Immediate cuts not the way to go
04 Feb 2016 Investors offered new way into equities
04 Feb 2016 Big drop in Auckland prices
03 Feb 2016 Flexibility key to RBNZ policy
03 Feb 2016 Record high prices in regions
03 Feb 2016 Auckland loses ground
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