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October 2011
18 Oct 2011 ASB picks March for OCR rise
18 Oct 2011 Birkenhead rents continue to rise
17 Oct 2011 Harbour commentary: Waves of pessimism and optimism
17 Oct 2011 What is your IP and how do you protect it?
17 Oct 2011 MED to look into overseas convictions loophole
17 Oct 2011 More falling rates
17 Oct 2011 Auctions increase in popularity - but have potential to hammer investors’
14 Oct 2011 NZF home loan deal nearly settled
14 Oct 2011 Fitch puts Rabobank on negative credit watch
14 Oct 2011 Cowboys ad complaint shot down by ASA
13 Oct 2011 It's specials time
13 Oct 2011 Brook Asset Management appoints new MD
13 Oct 2011 Life cover simplified – you’re either alive or dead
13 Oct 2011 Advisers fear IFA’s help could haunt them
12 Oct 2011 Investor activity strong in Hutt Valley, muted nationwide
12 Oct 2011 Property values up with Auckland leading the charge
12 Oct 2011 Two new BDMs for Tower
12 Oct 2011 Adviser commission ban recommended by Commerce Committee
12 Oct 2011 Sales volumes up, prices down in September
12 Oct 2011 QV September 2011 - the regions
12 Oct 2011 Sales up almost 20%, led by surge in auctions
11 Oct 2011 Bubbles could attract KiwiSaver fly-by-nighters
11 Oct 2011 Power takes Private Bank role at Westpac
11 Oct 2011 Regulatory loopholes exposed
11 Oct 2011 ISI looks to become super-lobbyist
11 Oct 2011 Triple jump for EQC levy
10 Oct 2011 Regulatory loophole lets rogue financial operators to stay in business
10 Oct 2011 Managers looking to shares for yield
10 Oct 2011 HSBC resumes its leading pricing
10 Oct 2011 Heartland to repay Wrightson bond, contemplates another issue
10 Oct 2011 News Round Up: October 10
07 Oct 2011 Landmark adviser lawsuit case closed
06 Oct 2011 Former Hanover investors' interest in Allied Farmers to be slashed
06 Oct 2011 AMP launches insurance tele-interviewing
06 Oct 2011 Bank competition heating up
06 Oct 2011 New credit reporting rules to affect mortgage borrowers
06 Oct 2011 New privacy rules for borrowers
05 Oct 2011 Catching the next property wave
05 Oct 2011 Coming Soon
05 Oct 2011 NZ Home Loans increases rates
05 Oct 2011 Charges mount against Nelson adviser
05 Oct 2011 Auckland property prices hit six-month high
04 Oct 2011 Treasury should have limited finance company deposits: AG
04 Oct 2011 Savers missing out on bonus interest
04 Oct 2011 Where oh where are the KiwiSaver accounts?
04 Oct 2011 Tyndall Monthly Commentary
04 Oct 2011 Canterbury advisers achieve AFA status
04 Oct 2011 Mortgage market winners and losers
03 Oct 2011 Allied Farmers delays annual report in hopes of positive event
03 Oct 2011 September sees surge in listings and asking price
03 Oct 2011 Blue Star seeks expressions of interest in A$11.7m shareholders' notes
03 Oct 2011 ANZ, ASB banks major mortgage market losers through GFC
03 Oct 2011 KiwiSaver providers miss the deadline
03 Oct 2011 News Round Up: October 3
03 Oct 2011 Auckland’s real estate valued at $354 billion
03 Oct 2011 House prices just 5% below peak and set to rise
01 Oct 2011 AIA: At the sharp end
September 2011
30 Sep 2011 Telecom's retail bondholders overwhelmingly approve split
30 Sep 2011 Rating downgrades could keep OCR on hold for longer
30 Sep 2011 Good Returns adds to team
30 Sep 2011 Call for IRD to vet KiwiSaver hardship claims
30 Sep 2011 Kiwibank jiggles its fixed rates
30 Sep 2011 Every silver lining has a cloud
30 Sep 2011 Home approval numbers show ‘strong increases’
29 Sep 2011 FMA promises to park at top of cliff
29 Sep 2011 Alternative Monetary Policy Statement
29 Sep 2011 OCR should remain at 2.5%: Dickens
29 Sep 2011 iPhone rental app proves popular home and away
28 Sep 2011 When the adviser is the insurance
28 Sep 2011 New consultant appointment at Russell Investments
28 Sep 2011 Dividend flavour to new Pie fund
28 Sep 2011 Financial Services Federation appoints new chair, deputy chair
28 Sep 2011 ISO Case Studies - ASSET Sep 2011
28 Sep 2011 KiwiSaver and the c-word
28 Sep 2011 NZF's new backer named
27 Sep 2011 Carroll departs Asteron
27 Sep 2011 Resimac to take majority stake in NZF's securitisation operations
27 Sep 2011 New specials
26 Sep 2011 An Auckland epiphany
26 Sep 2011 Outage ousts FSPR from web
26 Sep 2011 News Round Up: September 26
26 Sep 2011 DIY attitude and cost concerns prompt landlords’ to reject property managers
23 Sep 2011 Financial complaints system has fundamental flaw: FDR
23 Sep 2011 Central Otago Lakes and Auckland most expensive for property
23 Sep 2011 Quake repair work prompts surge in demand for short term tenancies
22 Sep 2011 Forget rates hikes this year
22 Sep 2011 NZF writes off its $5.1m investment in NZF Money, takes $10.7m loss
22 Sep 2011 Weak data, global turmoil put paid to floating rates rising this year
22 Sep 2011 Telecom sweetens offer to retail bondholders
22 Sep 2011 NZF Money's receivership expect significant loan book impairment
22 Sep 2011 FMA's targets identified
22 Sep 2011 Turning complainants to customers
22 Sep 2011 Pero has high praise for low commission model
21 Sep 2011 Measuring the success of regulations
21 Sep 2011 A capital gains tax will drive up rents: Minister
20 Sep 2011 FMA wants overseas crime loophole fixed
20 Sep 2011 It’s not what goes into that counts; it’s what comes out
20 Sep 2011 ..and then it all happened
20 Sep 2011 Within Auckland Franklin is flourishing, Waitakeres woeful
20 Sep 2011 Manch to quit as REAA chief
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