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
November 2009
12 Nov 2009 CFA 2009 Forecast Dinner
12 Nov 2009 Five Star directors to be prosecuted
12 Nov 2009 Grosvenor management reshuffle
11 Nov 2009 SBS joins the PIE fight
11 Nov 2009 Fidelity Life makes two key appointments
11 Nov 2009 Insurers need to work together to build the pie: Carroll
11 Nov 2009 RBNZ expects failures among guaranteed finance companies
11 Nov 2009 Code Committee extends submission deadline
11 Nov 2009 Inquiry claims banks didn't pass on OCR cuts
11 Nov 2009 IFA Debate
11 Nov 2009 Return to riskier mortgage lending a dangerous game
11 Nov 2009 New head of Tower KiwiSaver
11 Nov 2009 AMP/AXA would create NZ advisory giant
10 Nov 2009 Hanover reneges on full repayment to investors
10 Nov 2009 AXA Global Investor Adviser Briefing
10 Nov 2009 Call for govt to step in with mortgagee sales
10 Nov 2009 DecisionMakers adds Tauranga office
10 Nov 2009 Market Review: November 2009 London Commentary
10 Nov 2009 Market still looking for early interest rate rises
10 Nov 2009 Gold not as safe as investors think
09 Nov 2009 ASB hikes TD rates
09 Nov 2009 TOWER appoints head of KiwiSaver
09 Nov 2009 AXA Global Investor Adviser Briefing
09 Nov 2009 News Round Up
09 Nov 2009 Property values turn positive - finally
09 Nov 2009 Residential highlights - October
08 Nov 2009 Rates Round Up
08 Nov 2009 ASB hike fixed rates again
06 Nov 2009 AXA Global Investor Adviser Briefing
06 Nov 2009 [Weekly Wrap] That very consuming survey
06 Nov 2009 FundSource Conference 2009
06 Nov 2009 Confidence in property returning
06 Nov 2009 Consumer Survey: Ban Commissioned Advisers
06 Nov 2009 Grosvenor End of Year Conference and Awards Dinner 2009
06 Nov 2009 Whose interests are Consumer serving?
06 Nov 2009 Rules tightening around mortgagee sales
06 Nov 2009 Consumer survey another knock to confidence in advisers: IFA says
05 Nov 2009 Consumer Survey: Investigate before you invest
05 Nov 2009 Super portability included in November tax bill
05 Nov 2009 Consumer Survey: EUFA says report vindication
05 Nov 2009 St Laurence staves off threat of receivers
05 Nov 2009 Consumer Survey: Cotton says reforms already underway
05 Nov 2009 Government increases provisioning for deposit guarantee
05 Nov 2009 The great commission shake-up
05 Nov 2009 2009 Finsia Annual Dinner
05 Nov 2009 Camelot End of Year Conference
05 Nov 2009 The OCR rollercoaster ride
05 Nov 2009 Consumer mystery shops advisers again
05 Nov 2009 AXA Global Investor Adviser Briefing
04 Nov 2009 Perpetual lures Westpac wealth chief
04 Nov 2009 Practice management: Success during a financial crisis
04 Nov 2009 Auckland house prices reach 22-month high, sales rise
04 Nov 2009 Advisers need to hold fast to disciplined approach
03 Nov 2009 Botherway joins DNZ board
03 Nov 2009 The Investment Store Roadshows
03 Nov 2009 IRD ramps up investigations yet again
03 Nov 2009 Crossan reappointed
03 Nov 2009 Morrison taps Craigs Investment for proposed retail fund
02 Nov 2009 Mortgage fraud increases
02 Nov 2009 No point on mortgage curve safe now
02 Nov 2009 News Round Up
02 Nov 2009 Westpac increases by 10
02 Nov 2009 Deposit takers play the long game
02 Nov 2009 Rates Round Up
October 2009
30 Oct 2009 [Weekly Wrap] Regulation central
30 Oct 2009 Building consents climb for third straight month
30 Oct 2009 Concerns for ageing home owners
30 Oct 2009 EMERGE Series 2: New capital protected emerging markets fund
30 Oct 2009 SCF appoints three new directors
30 Oct 2009 SCF appoints three new directors
30 Oct 2009 Code Committee competency consultation
30 Oct 2009 Ombudsman wants change to disclosure rules
30 Oct 2009 AMP Home Loan rate rises
30 Oct 2009 Competency standards need practical element
29 Oct 2009 ANZ and National Banks take the lead in deposit rate war
29 Oct 2009 Finsia industry update: Insurance & Savings Ombudsman
29 Oct 2009 What goes down generally comes back up
29 Oct 2009 SCF repays US$50m to investors
29 Oct 2009 Cat amongst the pigeons
29 Oct 2009 OCR unchanged, rates not to fall further
29 Oct 2009 Bollard's low OCR likely to refire housing market
29 Oct 2009 Ken Holmes Financial adds new team member
29 Oct 2009 Code Committee competency consultation
29 Oct 2009 Bollard's speech on the OCR
29 Oct 2009 OCR Update
29 Oct 2009 OCR unchanged, Bollard drops wording rates could fall further
29 Oct 2009 Southern Cross looks to offer critical illness cover
29 Oct 2009 Minimum competency standards are only the beginning
28 Oct 2009 Credit Union Baywide gets BB rating; ponders Govt guarantee
28 Oct 2009 Code Committee competency consultation
28 Oct 2009 Opinion: Questions, questions
28 Oct 2009 Costs mount up for regulation
28 Oct 2009 New team at Viaduct Capital shake off past prospectus issues
28 Oct 2009 Buy by negotiation, sell by auction
27 Oct 2009 Deposit rate war moves to 12 month space
27 Oct 2009 RB expected to prepare market for rate increases
27 Oct 2009 KiwiSaver members reach almost 1.2m
27 Oct 2009 Rents stabilise, demand on the rise
27 Oct 2009 National and ANZ raise six-month rates
27 Oct 2009 Rates Round Up
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