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January 2012
25 Jan 2012 REAA promises more legal action, agents in gun too
24 Jan 2012 Ex-CEO named in South Canterbury SFO case
24 Jan 2012 Performance fees - who needs them?
24 Jan 2012 [UPDATED] Perky housing market may force rate hike
24 Jan 2012 Blue Chip directors, auditors hit with $40m claim
23 Jan 2012 MDRT Minute: Prospecting with a New Twist
23 Jan 2012 IFA announces new board member
23 Jan 2012 Bollard likely to keep interest rates steady
23 Jan 2012 Where to for the OCR?
23 Jan 2012 Rates round-up: January 23
23 Jan 2012 Bollard likely to keep interest rates steady
23 Jan 2012 No affordable housing in NZ: Survey
20 Jan 2012 Fidelity Life's rating reaffirmed
20 Jan 2012 ANZ National cut rates
19 Jan 2012 ANZ warns of $14b KiwiSaver timebomb
19 Jan 2012 Fund manager performance fees under fire
19 Jan 2012 Fixed rates bottomed: Westpac
18 Jan 2012 Newpark to chase farmers
18 Jan 2012 What to make of the Kiwibank deal
18 Jan 2012 [Breaking News] Kiwibank to buy Gareth Morgan Investments
18 Jan 2012 Kiwibank buys Gareth Morgan Investments
18 Jan 2012 Advisers drafted to fight war on terror
18 Jan 2012 Don't expect any OCR increases soon
18 Jan 2012 Strong December with sales up 20%
18 Jan 2012 REINZ Regional Commentaries - December 2011
17 Jan 2012 New online venture offers cheaper Sovereign and OnePath cover
17 Jan 2012 BNZ sees little change in OCR this year
17 Jan 2012 Euro woes no cause for panic (yet)
16 Jan 2012 Obituary: Cyril Chaplin
16 Jan 2012 SCF accused keep names suppressed
16 Jan 2012 Heartland director sells shares
16 Jan 2012 Downgrade the big news
16 Jan 2012 Rates round-up: January 16
16 Jan 2012 News Round Up: January 16
13 Jan 2012 NZ keeps credit rating despite debt mountain
13 Jan 2012 Selling through employers
13 Jan 2012 NZ credit a top performer
12 Jan 2012 Kiwibank goes long
12 Jan 2012 Kiwibank starts year aggressively
12 Jan 2012 Auckland home to least affordable property
11 Jan 2012 New Zealand's biggest fund loses $1.4b
11 Jan 2012 Selling through employers
11 Jan 2012 Sovereign appoints new corporate BDM
11 Jan 2012 First change for the year
11 Jan 2012 Housing consents ‘close to recent historically low levels'
11 Jan 2012 Auckland prices up, December sales at five year high
10 Jan 2012 Property values up but sales remain low
10 Jan 2012 QV January 2012 - the regions
09 Jan 2012 NZX ETFs down, derivatives up
09 Jan 2012 Perpetual takes top adviser
09 Jan 2012 NZ Credit: A top performer in 2011
09 Jan 2012 Tyndall Monthly Commentary
09 Jan 2012 The first for 2012
09 Jan 2012 News Round Up: January 9
09 Jan 2012 2011 ends with marked fall in new listings
07 Jan 2012 Gannon talks leads, not leaks
03 Jan 2012 Business insurance focus for 2012
03 Jan 2012 Associations take differing views on PI cover
December 2011
23 Dec 2011 [Weekly wrap] Huljich punishment decided
23 Dec 2011 Slow, steady rent rises predicted for 2012
22 Dec 2011 Hubbard's Southbury companies unlikely to repay more than $186m
22 Dec 2011 Sovereign keeps its rating
22 Dec 2011 Merry Christmas
21 Dec 2011 Analysis doesn’t require analysts, says FMA
21 Dec 2011 Dorchester Pacific pulls the plug on life insurance
21 Dec 2011 Quietness at a busy time
21 Dec 2011 Advisers at risk from tax avoidance trap
20 Dec 2011 Huljich cops big fine for misleading investors
20 Dec 2011 Huljich cops big fine for misleading investors
20 Dec 2011 Kiwibank special goes
19 Dec 2011 Costly KiwiSaver missing its target
19 Dec 2011 Life insurance underwriting standards "relaxed"
19 Dec 2011 Encouraging Healthy Lifestyles
19 Dec 2011 News Round Up December 19
19 Dec 2011 Depreciation may need looking at: Commission
18 Dec 2011 Rates round-up: Dec 19
18 Dec 2011 One association says yes to Partners
16 Dec 2011 [Weekly Wrap] Cracks appear
16 Dec 2011 Another quiet week ends
16 Dec 2011 Finance companies profit as credit unions struggle
16 Dec 2011 The changing face of advisers
16 Dec 2011 Remuera rent rises trump nationwide levels
15 Dec 2011 FMA lays charges against Hanover directors
15 Dec 2011 Which banks grew their home loan books?
15 Dec 2011 Westpac and BNZ grow mortgage books
15 Dec 2011 AXA advisers baulk at AMP contracts
14 Dec 2011 Changes at Partners Life
14 Dec 2011 Hughes predicts fewer FMA/SFO tag teams
14 Dec 2011 A new way of rate setting
14 Dec 2011 Nationwide sales show double-digit growth
13 Dec 2011 NZF deal done
13 Dec 2011 Auckland Council to issue Euro bonds
13 Dec 2011 New chief executive for REAA
12 Dec 2011 Crackdown on UK-NZ pension transfers
12 Dec 2011 Harbour Commentary: Stable Government and economic recovery
12 Dec 2011 GFNZ (Geneva Finance) reduces first-half loss
12 Dec 2011 Ludlow banned from consumer finance
12 Dec 2011 A quiet start - for some
12 Dec 2011 News Round Up
09 Dec 2011 Weekly Wrap: Do we need RFAs?
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