Archive
Year:
2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Filter:
Clear Filter
July 2011
06 Jul 2011 Changes to KiwiSaver not helpful: Treasury
06 Jul 2011 Landlords and tenants set to lose with capital gains
05 Jul 2011 A good fight brewing on capital gains tax
05 Jul 2011 The sheriff winds up brokers and advisers
05 Jul 2011 Available Auckland property near to four-year low
05 Jul 2011 Investors and first time buyers in ‘quiet battle' for property
04 Jul 2011 Cowboy ad leaves advisers' saddle sore
04 Jul 2011 Adding a bit of Pepper to the market
04 Jul 2011 Pepper eyes NZ market after GE purchase
04 Jul 2011 Number of KiwiSaver default schemes ‘worth examining'
04 Jul 2011 News Round Up: July 4
04 Jul 2011 PGC to rescue EPIC as NAB applies pressure for debt repayment
01 Jul 2011 Looking ahead at rates
01 Jul 2011 Rabo's first MD moves on
01 Jul 2011 Chch provisions hit SBS
01 Jul 2011 Christchurch provisions hit SBS Bank's March Qtr profit
01 Jul 2011 AIA: The customer business
01 Jul 2011 Hughes sees new dawn as ‘win-win’ for all
June 2011
30 Jun 2011 GFNZ gains banking covenant breach waiver; writes off $2.4m more
30 Jun 2011 New director appointment at Tower
30 Jun 2011 Some advisers prepared to operate unregistered: Stevens
30 Jun 2011 Lack of funding brings the CHRANZ house down
29 Jun 2011 Z Energy to sell up to $150m in seven-year bonds
29 Jun 2011 No support for Dickens' theory the OCR should be held steady
29 Jun 2011 The answer to monetary policy setting
29 Jun 2011 Adviser investment statement text amended
29 Jun 2011 King sees potential pitfalls in state housing shake-up
28 Jun 2011 More changes
28 Jun 2011 Investment commission a flawed model: Hawes
28 Jun 2011 F & P Finance departs govt guarantee scheme early
28 Jun 2011 Willems questions 2007 valuations
27 Jun 2011 A Monday with a change
27 Jun 2011 Another St Laurence fund faces liquidation
27 Jun 2011 News Round Up: June 27
25 Jun 2011 Weather man feels chill after Jericho Residential closure
24 Jun 2011 Cheap money for Christchurch - and lots of it
24 Jun 2011 Banks offer special low rates to red zone borrowers
24 Jun 2011 Number of AFAs nearly doubles
23 Jun 2011 AIA expands marketing team
23 Jun 2011 The Bay bags a broker
23 Jun 2011 Hot air bubbles
23 Jun 2011 Why so much time on Hubbard?
23 Jun 2011 RFAs to be allowed to sell investment-linked insurance
23 Jun 2011 Government offers to buy 5,100 Christchurch homes
22 Jun 2011 Issues Paper on housing affordability released today
22 Jun 2011 Why the RBNZ's approach to interest rates is flawed
22 Jun 2011 Funding and liquidity key issues for Heartland
22 Jun 2011 Sales practices get SuperLife a slap on wrist
22 Jun 2011 RBNZ reliance on economic forecasts fundamentally flawed: Dickens
22 Jun 2011 Government to update on Christchurch tomorrow
21 Jun 2011 Window of opportunity closing quickly
21 Jun 2011 Heartland hopes to leave guarantee scheme early
21 Jun 2011 MED dismisses risk-based fee model
20 Jun 2011 Comment: Why so much time on Hubbard?
20 Jun 2011 SFO lays 50 fraud charges against Allan Hubbard
20 Jun 2011 Short term loans with massive interest rates
20 Jun 2011 If you think your interest rate is bad look at this
20 Jun 2011 News Round Up: June 19
17 Jun 2011 Client focus best medicine for adviser ailments: Dr Dave
17 Jun 2011 FMA withdraws civil proceedings against Insured Group
17 Jun 2011 More regulatory madness
17 Jun 2011 Providers’ responsibility for their KiwiSaver distribution
17 Jun 2011 Wholesale rates shaken by Chch and Greece
17 Jun 2011 Advisers need to brace for litigation
17 Jun 2011 Auckland house prices up over quarter, but ‘bumps ahead' says BNZ
16 Jun 2011 KiwiSaver changes “chip away at certainty around retirement planning"
16 Jun 2011 Tower adds key account manager
16 Jun 2011 Hooker puts advisers in red alert district
16 Jun 2011 Wellington landlords out of pocket after company closure
15 Jun 2011 FMA orders Geneva to stop issuing debentures
15 Jun 2011 Something for interest rate junkies
15 Jun 2011 Tate slams FAA levy
15 Jun 2011 Strong demand boosts Auckland rents, says Barfoot & Thompson
15 Jun 2011 Auckland leading real estate recovery, says Harcourts
15 Jun 2011 Auckland City Centre rents down 31% over year to May, Crockers
14 Jun 2011 Heartland to buy PGG Wrightson Finance
14 Jun 2011 Geneva chalks up another $6.2 mill in losses
14 Jun 2011 Cash impact of finance co sale to cost PGG Wrightson $2.5m
14 Jun 2011 Auckland leads national sales volumes up, but prices down
14 Jun 2011 REINZ regional commentaries - May 2011
14 Jun 2011 Advisers give levies lukewarm reception
13 Jun 2011 Life companies forget about customers
13 Jun 2011 Size of adviser levies revealed
13 Jun 2011 News Round Up: June 13
10 Jun 2011 Bridgecorp's Petricevic fails in latest bid for legal aid
10 Jun 2011 Paying the piper – how much you could have to pay for the FMA
10 Jun 2011 NZF home loans about to be liberated from company
10 Jun 2011 Allied Farmers staves off receivership
10 Jun 2011 The week in a word. Frozen
10 Jun 2011 Ginger gets former Sovnet boss
10 Jun 2011 How not to sell KiwiSaver
10 Jun 2011 Agents spy slight rise in property investor interest in June
09 Jun 2011 Bollard likely to raise interest rates sooner
09 Jun 2011 OCR kept at record low
09 Jun 2011 RBNZ keeps OCR at record low
08 Jun 2011 Specific allocation to NZ assets idiotic: Cleary
08 Jun 2011 Be warned. Opportunity narrowing
08 Jun 2011 The perpetuity problem pertaining to property
08 Jun 2011 Auckland and Wellington values a tale of two cities, QV
08 Jun 2011 The perpetuity problem pertaining to property
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