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June 2010
14 Jun 2010 Rates Round Up
14 Jun 2010 Kiwibank kickstarts KiwiSaver
14 Jun 2010 News round-up
14 Jun 2010 Traps for the unwary in qualifying company changes
14 Jun 2010 Some Canterbury investors get cold feet
11 Jun 2010 Code flashes amber, consultation ahead
11 Jun 2010 South returns to Brook
11 Jun 2010 Budget not driving property investors away
11 Jun 2010 Last minute rewrite of adviser regulation rules [UPDATED]
11 Jun 2010 Insurance groups welcome changes to regulation
11 Jun 2010 Sovereign warns its advisers against complacency
11 Jun 2010 Commerce Committee adopts QFE extension despite misgivings
11 Jun 2010 Mortgage brokers avoid regulation
11 Jun 2010 Mortgage brokers avoid regulation
11 Jun 2010 Plenty left over for Allied Farmers if 5 Mile deal proceeds
11 Jun 2010 Private equity firm takes stake in Bayleys
10 Jun 2010 Plenty left over for Allied Farmers if Five Mile sale goes through
10 Jun 2010 Finance Committee report recommends some relief for small insurers
10 Jun 2010 OCR increase good for property market
10 Jun 2010 Milford appoints biz development boss
10 Jun 2010 Borrowers - don't panic
10 Jun 2010 Floating rate projections
10 Jun 2010 Don’t panic about the OCR increase
10 Jun 2010 Borrowers – don’t panic
10 Jun 2010 SHARE Conference 2010
10 Jun 2010 OCR rises, more hikes expected
10 Jun 2010 RBNZ predicts steady rise in interest rates
10 Jun 2010 Bollard lifts OCR to 2.75%
10 Jun 2010 OCR up, floating rates to follow
10 Jun 2010 OCR up, floating rates to follow
10 Jun 2010 Consumer financial adviser study ‘seriously flawed’
10 Jun 2010 Market set to potter along: QV
10 Jun 2010 QV main urban areas commentary: May 2010
09 Jun 2010 South Canterbury Finance gets new chairman
09 Jun 2010 Bollard set to raise OCR as inflation spike looms
09 Jun 2010 Brook calls lawyers into scrap with Devon moves
09 Jun 2010 Experts' views
09 Jun 2010 BNZ to launch country’s first covered bond programme
09 Jun 2010 Newpark Top Adviser Forum
08 Jun 2010 To hike, or not to hike?
08 Jun 2010 Residential building and consents increase
08 Jun 2010 TOWER Health adds new sales manager
08 Jun 2010 OCR Week
07 Jun 2010 MMG loses CEO; Brook gets back a manager
07 Jun 2010 Allied Nationwide ramps up longer-dated deposit rates
07 Jun 2010 News Round Up
07 Jun 2010 Prudential pulls out of AIA purchase
07 Jun 2010 Borrowers likely to see home loan rates rise this week
07 Jun 2010 News round-up
06 Jun 2010 Huge residential property investment portfolio up for sale
04 Jun 2010 [Weekly Wrap] Prepare yourself for next bout of regulations
04 Jun 2010 Lifetime buys David Tillman Mortgages
04 Jun 2010 Recent movement in rates
04 Jun 2010 The story of a typical property investor
04 Jun 2010 If you like certainty, fix.
04 Jun 2010 AXA removing policy fee commission
04 Jun 2010 South Canterbury's cash drive pushing up all rates
04 Jun 2010 Liquidity pressures and regulation will cause more fin coy failures
04 Jun 2010 GST to impact substantial investors
03 Jun 2010 ING delays premium increases till Oct
03 Jun 2010 Has the time come to invest responsibly?
03 Jun 2010 20% of Kiwi’s prepared to skip mortgage repayments
03 Jun 2010 Auckland house sales gain in May
03 Jun 2010 Adviser Business Statements guide gets first airing
02 Jun 2010 F&P Finance roll over rates rise as big debenture maturity looms
02 Jun 2010 20% of Kiwi’s prepared to skip mortgage repayments
02 Jun 2010 Responsible Investing
02 Jun 2010 OCR: Up, up and away
02 Jun 2010 IFA reveals its new chief executive
02 Jun 2010 PAA-AIA Roadshow
02 Jun 2010 NAB given more time for its AXA bid
02 Jun 2010 South Canterbury Finance deposit maturity roll-overs accelerating
02 Jun 2010 Property prices under pressure
01 Jun 2010 Allied Nationwide taps parent for another $5 million
01 Jun 2010 Statement by Glenn Stevens, RBA Governor: Monetary Policy Decision
01 Jun 2010 Pru tries to renegotiate AIA price
01 Jun 2010 Sellers forced to get realistic
01 Jun 2010 AIA increases premiums by 13%
01 Jun 2010 Fidelity Life splits sales and marketing
01 Jun 2010 RBNZ should leave interest rate hikes till September: NZIER
01 Jun 2010 Broker retires
01 Jun 2010 Award winning mortgage broker retires
May 2010
31 May 2010 NZF writes down value of Mike Pero joint venture
31 May 2010 Devon Asset Management poaches three of Brook's best
31 May 2010 NBBO survey adds fuel to the rate hike fire
31 May 2010 LAQC proposals questionable: NZICA
31 May 2010 OCR hike in June if share markets don’t collapse 20%
31 May 2010 Rates Round Up
31 May 2010 News round up
31 May 2010 Number of mortgagee sales rises
30 May 2010 Bublitz's Mutual Finance ramps up rates
28 May 2010 Budget hasn't put off property investors
28 May 2010 Home building consents rise to two-year high
28 May 2010 Pinnacle says no justification for some premium increases
28 May 2010 Commission predicts 200 QFEs under regulation
27 May 2010 Banks likely to keep pushing floating rates
27 May 2010 A week of big news
27 May 2010 Broker takes out award for third year in a row
27 May 2010 Rates about to rise
27 May 2010 Time running out for life companies to announce premium increases
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