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Clear Filter
September 2010
24 Sep 2010
Are you relevant?
24 Sep 2010
IFA Code Cracker Roadshow
24 Sep 2010
MMG advisers glad to be moving away from the brand
24 Sep 2010
Rates Round Up for Sept 22
23 Sep 2010
ING Life announces premium increase
23 Sep 2010
SCF trustee pays out $350m to bondholders
23 Sep 2010
Two years fixed the "sweet spot"
23 Sep 2010
Breakeven analysis - how it works
23 Sep 2010
Breaking even
23 Sep 2010
Two years fixed the “sweet spot”
23 Sep 2010
Are independent financial advisers doomed?
23 Sep 2010
IFA Code Cracker Roadshow
22 Sep 2010
Industry delighted with voluntary authorisation
22 Sep 2010
TOWER Health & Life makes two appointments
22 Sep 2010
ISI seeks feedback on improved Replacement Policy Advice
22 Sep 2010
Advisers have 38 days to make assessment reservations
22 Sep 2010
Voluntary authorisation allowed
22 Sep 2010
IFA Code Cracker Roadshow
22 Sep 2010
Minister approves the Code
21 Sep 2010
Near-status quo on RBNZ’s liquidity norms for NBDTs
21 Sep 2010
The question of opt-in authorisation still burns
21 Sep 2010
Will investors still buy Chch property?
21 Sep 2010
Brokers beware - what the courts will tolerate
21 Sep 2010
Roll Up. Roll Up. Get educated before it's too late
21 Sep 2010
IFA Code Cracker Roadshow
21 Sep 2010
ComCom's payment to ING investors unfair advisers say
21 Sep 2010
Ignore speculation about Chch property prices
20 Sep 2010
Two further Hubbard companies in statutory management
20 Sep 2010
News Round Up
20 Sep 2010
BNZ catches up with banks in 18mo term
20 Sep 2010
Ayres appointed as FDR manager
17 Sep 2010
Start thinking about product regulation: Mayhew
16 Sep 2010
New Kiwi bank due by February
16 Sep 2010
Floating rates unlikely to rise anytime soon
16 Sep 2010
Floating rates not moving anytime soon
16 Sep 2010
Floating mortgages on hold
16 Sep 2010
Market share stats show Fidelity Life does well
16 Sep 2010
TOWER moves all asset managers to Auckland
16 Sep 2010
OCR on hold
16 Sep 2010
OCR held as Canterbury quake takes toll
16 Sep 2010
PRESS RELEASE: OCR unchanged at 3%
16 Sep 2010
FINSIA annual dinner
16 Sep 2010
Commissioner’s role to be disestablished
16 Sep 2010
Canterbury landlords warned about excessive rent rises
15 Sep 2010
NAB exit leaves door open for AXA suitors
15 Sep 2010
Southern Cross surge in claims unsustainable
15 Sep 2010
Improvements to KiwiSaver regulation
15 Sep 2010
Tighter insurance stalling real estate market
14 Sep 2010
Super-regulator and securities law reforms go to Parliament
14 Sep 2010
How to earn up to 125bps more on call deposits?
14 Sep 2010
Ashburton: Offering a Kiwi slice of life
14 Sep 2010
August house sales slump to near 2008 trough
14 Sep 2010
REINZ residential highlights - August 2010
14 Sep 2010
Waikato Uni takes new path after course cancelled
14 Sep 2010
F&P Finance relying more on cheaper bank loans
14 Sep 2010
NZ Asset Management appoints principal and chairman
13 Sep 2010
ASB's home loan book shrinks
13 Sep 2010
ANZ names new chief
13 Sep 2010
Federated Farmers pushes for OCR to be kept on hold
13 Sep 2010
ANZ cuts longer-term deposit rates, Will Kiwibank follow?
12 Sep 2010
No OCR increase expected this week
12 Sep 2010
News Round Up
11 Sep 2010
Chch tenants still sweating the small stuff
10 Sep 2010
RTA changes will challenge landlords
10 Sep 2010
PAA National PI Roadshow
10 Sep 2010
[Weekly Wrap] A tad of industry realignment
10 Sep 2010
Commission consults on conditions for advisers
10 Sep 2010
FINSIA leadership series: Tax reform and wealth management
10 Sep 2010
Home handyman bargains selling in Wellington
10 Sep 2010
Auckland prices starting to stabilise
09 Sep 2010
Earthquake to rattle rates
09 Sep 2010
NAB's bid for AXA shot down
09 Sep 2010
Earthquake eliminates September OCR hike
09 Sep 2010
Loathed quotation software
09 Sep 2010
What to do with your South Canterbury money
09 Sep 2010
Spicers appoints two financial advisers
09 Sep 2010
AMP Capital rearranges investment team
09 Sep 2010
NZ Property Investor - September issue out now
09 Sep 2010
Market buoyed by rate cuts
08 Sep 2010
Dorchester appoints general manager, insurance and lending
08 Sep 2010
PAA National PI Roadshow
08 Sep 2010
PAA National PI Roadshow
08 Sep 2010
Interest in corporate debt reigniting
08 Sep 2010
Strategic wins $2.4m ruling against Henderson
08 Sep 2010
Women in Finance affair with Jenny Shipley
08 Sep 2010
Mercer floats new retirement product idea
08 Sep 2010
Buyers cautious as activity remains subdued
07 Sep 2010
KiwiSaver yet to prove its worth
07 Sep 2010
ISI says AON letter is not a problem
07 Sep 2010
Rental market squeezed after quake
07 Sep 2010
PAA National PI Roadshow
07 Sep 2010
PAA National PI Roadshow
07 Sep 2010
TrustPower mulls $100m retail bond offer
07 Sep 2010
English defends SCF bailout
07 Sep 2010
Earthquake eliminates chance of September OCR hike
07 Sep 2010
QFEs need regulatory assurance
06 Sep 2010
Govt wants SCF sold as going-concern
06 Sep 2010
PAA National PI Roadshow
06 Sep 2010
PAA National PI Roadshow
06 Sep 2010
ANZ shaving
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Latest News
Pie Funds enters adviser channel
3 min read
KiwiSaver members need more advice at retirement, panellists say
3 min read
Simon Papa: Access to advice - Is adviser conservatism the issue?
9 min read
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