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Clear Filter
May 2010
27 May 2010
Tyndall hopes to entice fee based advisers
27 May 2010
NZF announces securitisation
27 May 2010
Property values set to rise as knockers talk up budget’s impact
27 May 2010
Leaky homes not eligible for depreciation deductions under new rules
26 May 2010
Fidelity Life taking a different approach to tax increases
26 May 2010
NZF securitises $100 mill loan book
26 May 2010
Sam Knowles quits as head of Kiwibank
26 May 2010
Sam Knowles quits as head of Kiwibank
26 May 2010
INFINZ Capital Markets Forum
26 May 2010
Another month, another delay on ComCom’s ING decision
25 May 2010
Two of three Compass loans total duds
25 May 2010
Asteron premiums to increase 7.5%
25 May 2010
F&P Finance goes for money beyond extended guarantee
25 May 2010
IFA half-price sale now on
24 May 2010
Sovereign explains its cuts to adviser commissions
24 May 2010
Euro zone volatility may push out OCR hike
24 May 2010
Half of landlords will put up rents
24 May 2010
Mercer appoints new head of Investment Consulting
24 May 2010
Quiet start to week
24 May 2010
Rates round up
23 May 2010
News Round Up
21 May 2010
Women In Super Breakfast
21 May 2010
Budget adds to June 10 OCR hike expectation
21 May 2010
TOWER premiums to rise 7%
21 May 2010
Property investors got off lightly
21 May 2010
LAQC’s will be a “dead man walking”
21 May 2010
Govt's tax changes means tenants will pay more rent
21 May 2010
Residential property investors to get another bite at fit-out cherry
20 May 2010
Property industry to pay for Budget
20 May 2010
Budget adds pressure to rates
20 May 2010
Government cuts tax on savings vehicles to 28%
20 May 2010
Government closes loopholes for LAQCs
20 May 2010
Depreciation: Here today, gone tomorrow
20 May 2010
BUDGET RELEASE: Property tax changes increase fairness
20 May 2010
Strong demand for bonds, but little on offer
20 May 2010
Budget Day
20 May 2010
Financial Advisers Act — Are you prepared?
19 May 2010
SFO lines up more charges for Bridgecorp's Petricevic and Roest
19 May 2010
South Canterbury Finance recovers $200 mill
19 May 2010
End of retail deposit guarantee threatens fin coy liquidity: RBNZ
19 May 2010
Reserve Bank assesses state of insurance sector
19 May 2010
Pursing investment themes
19 May 2010
Sovereign reducing adviser commissions
19 May 2010
Why short term rates are rising
19 May 2010
LBA National Conference
19 May 2010
PAA-AIA Roadshow
19 May 2010
Independent advisers in for a rough time: Weatherston
18 May 2010
Fisher & Paykel Finance gains acceptance to extended guarantee scheme
18 May 2010
Compliants scheme gets GM
18 May 2010
The turning point has come – start fixing
18 May 2010
Budget preview: Property in line of fire
18 May 2010
Financial Advisers Act — Are you prepared?
18 May 2010
PAA-AIA Roadshow
18 May 2010
PAA-AIA Roadshow
18 May 2010
Regulatory risks the biggest threat to Australasian investors
18 May 2010
NZ investors' love affair with rental properties appears to be fading
17 May 2010
Macquarie Wealth appoints investment adviser
17 May 2010
14 lenders increase short-term rates
17 May 2010
One step closer to leaky home resolution?
17 May 2010
Budget to support monetary policy
17 May 2010
Marac charges up non-secured deposits
17 May 2010
Otago investors reluctant to use new rating scheme
17 May 2010
Rates Round Up
17 May 2010
AXA deal not a strategic necessity: AMP
14 May 2010
Viaduct Capital calls in the receivers
14 May 2010
IFA gets new president
14 May 2010
Key on property investors' menu too?
14 May 2010
Home sales decline in April: REINZ
14 May 2010
REINZ residential highlights - April 2010
14 May 2010
ASB's mortgage broking man goes
14 May 2010
ASB's mortgage broking man goes
14 May 2010
IFA whittles down CEO hunt
13 May 2010
One-year rates on the rise
13 May 2010
The Hunt Report: Moving of the deck chairs
13 May 2010
Business Update 2010: Free FSPR seminars from Companies Office
13 May 2010
Morningstar NZ sales chief crosses the ditch
13 May 2010
Fidelity ownership unchanged
13 May 2010
Triple whammy for some advisers
13 May 2010
Student accommodation drives Dunedin market
12 May 2010
Propertyfinance Group recommends voluntary liquidation
12 May 2010
Regulation not strangulation for KiwiSaver please
12 May 2010
Labour pushes for changes to rules around residential tenants
12 May 2010
Opinion: Newpark, Naomi and Us
12 May 2010
Banks repay $0.8m in overcharged break fees
12 May 2010
Banks repay $0.8m in overcharged break fees
12 May 2010
EITITO poaches another Adviserlink chief
12 May 2010
Financial Advisers Act — Are you prepared?
12 May 2010
Pathfinder prepares to launch second fund with a focus on water
11 May 2010
Receivers coy on future payments to Five Star investors
11 May 2010
Business Update 2010: Free FSPR seminars from Companies Office
11 May 2010
KiwiSaver returns plateau after four quarters of gains
11 May 2010
Financial Advisers Act — Are you prepared?
10 May 2010
Taxpayers bail out another finance company
10 May 2010
Advisers forced to tell on each other
10 May 2010
Receiver still untangling OPI Pacific's position
10 May 2010
Greek tragedy derails rate hike certainty
10 May 2010
KiwiSaver Performance Survey
10 May 2010
Term Deposits
10 May 2010
Asteron makes three appointments to help tackle regulation
10 May 2010
Competition tight for 12-month terms
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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