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
March 2011
25 Mar 2011 Cabinet approves adviser regulations, mulls Canterbury extension
25 Mar 2011 Tidy up from the top down
24 Mar 2011 Possible class action against collapsed finance companies
24 Mar 2011 See who is the slowest
24 Mar 2011 UDC Finance draws record inflows in Dec quarter
24 Mar 2011 Avoid feeling foolish on April 1
24 Mar 2011 Looking for the best insurance coy online
23 Mar 2011 A cup of sweet tea and a blanket
23 Mar 2011 Mortgage holders question banks on rate cuts
23 Mar 2011 Mortgage holders question banks on rate cuts
23 Mar 2011 BNZ warns OCR may kick up quickly
23 Mar 2011 Compliance minus the complication
23 Mar 2011 The Morningstar view on KiwiSaver reporting
23 Mar 2011 Newpark appoints a LDM
23 Mar 2011 Tax changes to ‘rebalance' economy away from housing
23 Mar 2011 Signs of improvement squashed by disasters home and away
22 Mar 2011 ISI appoints new chief executive
22 Mar 2011 Nearly all floating rates are down
22 Mar 2011 Will Ha have the last laugh?
21 Mar 2011 Once in a generation Securities Law changes proposed
21 Mar 2011 Butler joins another board
21 Mar 2011 AMP life sales sluggish in Q4
21 Mar 2011 Why are banks so slow?
21 Mar 2011 Aon takes over Herbert Insurance
21 Mar 2011 S&P cuts Geneva's rating
21 Mar 2011 News Round Up: March 21
18 Mar 2011 Visits, FMA and the AML
18 Mar 2011 AMP and Kiwibank make changes
18 Mar 2011 December life insurance sales flatline
17 Mar 2011 QFE will help write business: Sovereign
17 Mar 2011 IFA conference relocates to Wellington
17 Mar 2011 Kiwibank ends special, lowers 1yr rate
17 Mar 2011 Botherway's bank job
17 Mar 2011 Westpac's plays different game
17 Mar 2011 ANZ Wealth sets targets for FUM
16 Mar 2011 Botherway back on funds management path
16 Mar 2011 People dominate news
16 Mar 2011 NZF director resigns
16 Mar 2011 New tricks for the watchdog too
15 Mar 2011 Chapman returns to run ASB
15 Mar 2011 Westpac takes lead
15 Mar 2011 Morningstar survey a nightmare for managed funds
15 Mar 2011 Home detention for former ACC property manager after SFO corruption charges
14 Mar 2011 Oxford Finance announces new funding arrangements
14 Mar 2011 ASB's mortage book shrinks for a third successive quarter
14 Mar 2011 Rates Update: ANZ lowers rates for second time in two weeks
14 Mar 2011 Slow start
14 Mar 2011 Financial triage
14 Mar 2011 News Round Up: March 14
14 Mar 2011 House prices, sales volumes and time to sell all up in February
14 Mar 2011 REINZ regional commentaries - February 2011
11 Mar 2011 Geneva seeks debt-for-equity swap to stave off receivership
11 Mar 2011 Allied Kiwi helps out Christchurch advisers
11 Mar 2011 What happens when the Sec Com comes knocking
11 Mar 2011 Allied Nationwide book for sale
11 Mar 2011 The world after licensing
10 Mar 2011 OCR back to its record low
10 Mar 2011 Median for short-term bank rates below 6%
10 Mar 2011 Bollard boosts confidence; floating rates slashed
10 Mar 2011 Major banks cut floating rates by 50 basis points
10 Mar 2011 OCR cut by 50 basis points to 2.50%
10 Mar 2011 OCR cut by 50 basis points
10 Mar 2011 No IOUs thanks to IFA fund
10 Mar 2011 Floating home loan rates tumble
09 Mar 2011 Insurance companies help Chch advisers
09 Mar 2011 Hubbard likely to get nothing back from Aorangi
09 Mar 2011 Another good deed for Chch from an adviser
09 Mar 2011 Senor Buyer versus El Vendore
09 Mar 2011 A smaller slice of Pie
09 Mar 2011 Rent rise hopes boosted by consents figures
08 Mar 2011 AMP financial services roles change with AXA merger
08 Mar 2011 Mortgage Express CEO will not be replaced
08 Mar 2011 Hubbard investors will suffer considerable losses: Managers
08 Mar 2011 Stay floating and wait for RBNZ decision
08 Mar 2011 RaboDirect still leading in rates comparison
08 Mar 2011 Banks lower TD rates ahead of OCR announcement
08 Mar 2011 The advisers' CEO moves on
08 Mar 2011 Equitable payout complicated and slow
08 Mar 2011 Getting ready for the new disclosure regime
08 Mar 2011 Latest house price updates
08 Mar 2011 Only Auckland City values up on year earlier - QV
07 Mar 2011 AXA’s Ralph Stewart announces departure
07 Mar 2011 News Round Up: March 7
07 Mar 2011 Reports of high demand not translating to higher Auckland rents
06 Mar 2011 Economists divided on OCR announcement
06 Mar 2011 South Canterbury Finance repays government’s $175m loan
04 Mar 2011 Court dishes out sentence to Hotchin
04 Mar 2011 Guilty plea but no prison for former Nathans Finance director
04 Mar 2011 ANZ's short-term rate cuts
04 Mar 2011 No more interest for Downer bondholders
04 Mar 2011 NZF sees its rating cut
03 Mar 2011 Fixed rates cut by 16 lenders
03 Mar 2011 Fyfe appointed as Quality Advice Network chairman
03 Mar 2011 More lenders cut short-term rates
03 Mar 2011 OnePath walks away with KiwiSaver award
03 Mar 2011 Fidelity Life reports $9.3m profit
03 Mar 2011 AIA has a strong year
03 Mar 2011 Morningstar announces Fund Manager of the Year winners
03 Mar 2011 AXA APH minority shareholders approve AMP merger
03 Mar 2011 Top managers awarded
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