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May 2012
18 May 2012 Rates battle moves to new field
18 May 2012 Big fish plans to swallow little fish
17 May 2012 [Weekly wrap] Looking for consolidation
17 May 2012 Kiwibank matches most of the market
17 May 2012 Asteron increases commission
17 May 2012 Partners Life gains market share for 4th successive quarter
17 May 2012 New life insurance business dropped in March Qtr
17 May 2012 Why floating rates remain unmoved
16 May 2012 Why aren't the banks cutting their floating mortgage rates?
16 May 2012 Income investment turned upside down
16 May 2012 Smaller players get in on the action
16 May 2012 Forget about us property investors tell Govt
16 May 2012 Auckland rent premiums march ahead in April
15 May 2012 Sovereign appoints two new board members
15 May 2012 OPI's receivers struggling to collect on parent's guarantee
15 May 2012 The emerging v submerging economies
15 May 2012 More banks slash home loan rates
15 May 2012 House price hopes on the up, spreading from Auckland and Christchurch
14 May 2012 ASB joins rate cutters
14 May 2012 Why are you so bad at recruiting?
14 May 2012 News Round Up: May 14
14 May 2012 Rates round-up: May 14
14 May 2012 When it rains it pours
13 May 2012 BNZ tickles interest in fixed rates
11 May 2012 [Weekly wrap] Diminishing prospects
11 May 2012 ANZ National sharpens rate for Chch borrowers
11 May 2012 End this ridiculous war on selling
11 May 2012 Health insurance shortfall a bigger issue than retirement savings
11 May 2012 Another research option for advisers
11 May 2012 BNZ says it's winning
11 May 2012 IFA slams ‘nanny state’ attitude to advisers
11 May 2012 No ‘boom' but investor activity on the up, survey reveals
10 May 2012 Don't tinker with super: AMP
10 May 2012 Property prices continue steady rise in April, says QV
10 May 2012 BNZ says it's winning market share in deposits and mortgages
10 May 2012 Advisers snared in door-to-door sales crackdown
10 May 2012 Lenders are waking up
10 May 2012 Prices and sales slip in April
10 May 2012 REINZ April 2012 regional review
09 May 2012 ANZ slashes its one-year fixed mortgage rate to 5.25%
09 May 2012 KiwiSaver providers wary of more regulations
09 May 2012 ISO Scheme Case Studies
09 May 2012 Reserve Bank guesses at reasons for dramatic slowdown of credit growth
09 May 2012 Beware talk of the ‘paradigm shift’
09 May 2012 We have rate cuts
09 May 2012 No house price bubble on horizon, says Reserve Bank
08 May 2012 SBS cuts longer term home loan rates
08 May 2012 Dividend obsession hampers NZ stock market
08 May 2012 Riley's new home
07 May 2012 Riley's new home
07 May 2012 Insurers and adviser bodies criticised for lack of new adviser support
07 May 2012 Rates round-up: May 7
07 May 2012 ANZ streamlines its mortgage application process
07 May 2012 ANZ National streamlines its mortgage application process
07 May 2012 Frustrating wait for QROPS providers
06 May 2012 AIA: Lies, Damned Lies and Statistics
04 May 2012 SCF receivers repay govt a further $125m
04 May 2012 [Weekly wrap] Currency, cheap advice and SOEs
04 May 2012 KiwiSaver safe from Budget scalpel
04 May 2012 Where is Pero's boss?
04 May 2012 What's happening at Mike Pero Mortgages?
03 May 2012 Advisers not sold on SOE miracle
03 May 2012 Westpac mortage portfolio grew 1% to $35.4b in six months ended March
03 May 2012 Tyndall Monthly Commentary
03 May 2012 $10 a year not enough for good advice
03 May 2012 ANZ's new approach to lending
03 May 2012 Auckland sales slip almost 40% in April
02 May 2012 AFA rejections few and far between
02 May 2012 The latest on credit growth
01 May 2012 Renters can buy to solve problem
01 May 2012 Health insurance coverage drops to 2005 levels
01 May 2012 Currency game risky for advisers
01 May 2012 "Chronic shortage" pushes Auckland house prices to new high
April 2012
30 Apr 2012 Credit growth ticks up, floating rate mortgages rise in March
30 Apr 2012 MDRT Minute: Better Appointments with Better Scripting
30 Apr 2012 Westpac changes its mind
30 Apr 2012 NZF Group's assets remain frozen
30 Apr 2012 News Round Up: April 30
30 Apr 2012 Hunter Hall loses CEO
30 Apr 2012 Housing consent numbers hit four-year high
27 Apr 2012 [Weekly wrap] Passing judgment
27 Apr 2012 Do all advisers need good character?
27 Apr 2012 Kiwibank goes sub 5%
27 Apr 2012 Kerr takes over running PGC
26 Apr 2012 Kiwibank slashes one-year fixed mortgage rate to 4.99%
26 Apr 2012 Petricevic gets big jail sentence
26 Apr 2012 Floating mortgage rates unlikely to rise this year and may even fall
26 Apr 2012 The rate remains the same
26 Apr 2012 OCR update
26 Apr 2012 Floating mortgage rates unlikely to rise this year and may even fall
26 Apr 2012 Reserve Bank leaves OCR unchanged at 2.5%
25 Apr 2012 Voluntary AFAs 'ahead of the game'
24 Apr 2012 Property tutor’s AFA rejection upheld
24 Apr 2012 Former AXA BDM joins TEA
24 Apr 2012 Borrowing strategies to ponder
24 Apr 2012 Sovereign gives Beaton the boot
24 Apr 2012 Silver lining for gold market
23 Apr 2012 Rates round up: April 23
23 Apr 2012 It's time for advisers to lead
23 Apr 2012 Reserve Bank likely to hold rates low for longer
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.
1 week 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.
1 week 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