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August 2009
25 Aug 2009 Wholesale interest rates fall
25 Aug 2009 General Finance improves quality of its loan book
24 Aug 2009 Recession no deterrent to KiwiSaver
24 Aug 2009 St Laurence woes shouldn't spill over to Property and Finance
24 Aug 2009 More positive property news
24 Aug 2009 ASFONZ Education – Introduction to Workplace Savings
24 Aug 2009 BNZ coy on whether it will return to brokers
23 Aug 2009 Rates Round Up
22 Aug 2009 News Round Up
21 Aug 2009 [Weekly Wrap] ING coughs up $400 million
21 Aug 2009 Out of the woods
21 Aug 2009 Select committee enquiry into finance companies launched
20 Aug 2009 Kiwibank continues break neck growth
20 Aug 2009 Forecasting interest rates dangerous
20 Aug 2009 First home buyers' scheme expanded
20 Aug 2009 Surrenders hit AMP's life book
20 Aug 2009 First home buyers' scheme expanded
20 Aug 2009 ING makes $398m payment to frozen fund investors
20 Aug 2009 Interest rate changes this week
20 Aug 2009 Gap between OCR and 5yrs opens
20 Aug 2009 Marac faces long road to bank status
20 Aug 2009 Marac faces long road to bank status
20 Aug 2009 Westpac warns of waning rates
19 Aug 2009 Bank continues unusual behaviour
19 Aug 2009 Prevent fraud through pre-tenancy checks
19 Aug 2009 PLAN NZ up for sale
19 Aug 2009 Women in Super 'After Five' Function
19 Aug 2009 Help clients prepare with critical illness insurance
19 Aug 2009 Capital gains tax back on the menu?
19 Aug 2009 AXA GI swaps Brook for global infrastructure fund
19 Aug 2009 First residential real estate trust on its way
18 Aug 2009 F&P Finance doing better than expected
18 Aug 2009 New philanthropy manager at Guardian
18 Aug 2009 BNZ scraps mobile mortgage managers
18 Aug 2009 SPI Capital: Syndication domination
18 Aug 2009 AMP's new local SRI paves the way for better analysis
17 Aug 2009 Further rate cut unlikely to inflame housing market
17 Aug 2009 BNZ and Kiwibank increase long term TD rates
17 Aug 2009 Mark Childs wins Broker of the Year
17 Aug 2009 Landlord of the Year announced
16 Aug 2009 Rates Round Up
16 Aug 2009 Standards for some advisers could be higher than first thought
16 Aug 2009 Australian economic downturn 'shallower', rates will rise, Stevens say
16 Aug 2009 ShareTrader
14 Aug 2009 NZMBA Conference 2009
14 Aug 2009 [Weekly Wrap] Slings, arrows and a bit of outrageous fortune
14 Aug 2009 Big growth in trauma sales
14 Aug 2009 My earlier advice right, says Alexander
14 Aug 2009 Two top finance companies junked
14 Aug 2009 House prices and sales volumes steady
13 Aug 2009 Two top finance companies junked
13 Aug 2009 Johnson joins Russell
13 Aug 2009 Message in a bottle
13 Aug 2009 Yield curve gets even steeper
13 Aug 2009 Kiwibank laying down the gauntlet
13 Aug 2009 Brutally competitive deposit rates as banks woo savers
13 Aug 2009 Fyfe on board as new advisory group tees off
13 Aug 2009 Tower expands KiwiSaver development team
13 Aug 2009 PINs protection weakened
13 Aug 2009 Capital gains tax on property still alive
12 Aug 2009 Keeping P out of your property
12 Aug 2009 Opinion: Could commission disappear?
12 Aug 2009 Kiwibank set to dump Mercer as its KiwiSaver manager
11 Aug 2009 NZF moves from LMI to LEM
11 Aug 2009 Banks up stakes in the term deposit battle
11 Aug 2009 PIS National Conference 2009
11 Aug 2009 Market Review: August 2009 Commentary
11 Aug 2009 Market Review: August 2009 London Commentary
11 Aug 2009 House prices set to soar
11 Aug 2009 Head announced for Perpetual Asset Management
11 Aug 2009 Ombudsman looks to open service to advisers
10 Aug 2009 Market getting ahead of itself with pricing in rate rises
10 Aug 2009 Rates round-up
10 Aug 2009 Fee-based firm looks to grow
10 Aug 2009 Vidler changes tack at Fidelity Life
10 Aug 2009 Property values rise for third straight month
10 Aug 2009 Regional snapshot: QV
07 Aug 2009 [Weekly Wrap] Pierce to leave AIG; ING Life appoints new MD
07 Aug 2009 Data re-vamp good news for investors
07 Aug 2009 Pierce to leave AIG
07 Aug 2009 ING Life appoints new MD
07 Aug 2009 REINZ house price index gets makeover
07 Aug 2009 Kiwi commodities missing out on inflation-hedging opportunities
07 Aug 2009 Now a good time to buy a house: survey
06 Aug 2009 RB mum on who it has given exemptions too
06 Aug 2009 Employment numbers help keep rates low
06 Aug 2009 SBS raises rates: Will others follow?
06 Aug 2009 Current swap rates docile
06 Aug 2009 ASFONZ 2009 Forum
06 Aug 2009 Long term rates steep.
06 Aug 2009 Camelot Mid-Year Conference
06 Aug 2009 Where's Boris?
06 Aug 2009 IRG looks for $500,000 in capital
05 Aug 2009 Recovery of collapsed finance company books starts
05 Aug 2009 Women in Finance Lunch
05 Aug 2009 Auckland home sales fall as listings rise
05 Aug 2009 Everyone's an adviser, but not necessarily a financial planner
05 Aug 2009 [Book] The Housing Bubble by Kieran Trass
04 Aug 2009 Officials still deciding whether insurance products Category 1or 2
04 Aug 2009 PAA August Roadshow
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