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June 2009
18 Jun 2009 ASFONZ & Women in Super Industry Breakfast
18 Jun 2009 TSB drops two-year fixed rate
18 Jun 2009 AMP Capital sales chief goes in restructure
17 Jun 2009 PSIS says margin on deposits more than halved
17 Jun 2009 No magic bullet for sunset dates
17 Jun 2009 ASFONZ & Women in Super Industry Breakfast
17 Jun 2009 ANZ profit falls; mortgages sold to new branch
17 Jun 2009 ING faces fury as offer divides investors
16 Jun 2009 ING faces fury as offer divides investors
16 Jun 2009 Where to for home loan rates?
16 Jun 2009 RaboPlus slashes entry fee on managed funds
16 Jun 2009 Market picks rates to rise earlier than RBNZ forecasts
16 Jun 2009 Be careful before investing in cash PIEs
16 Jun 2009 Feeble attempt to lower floating rates
16 Jun 2009 Migration underpins lift in property, outlook still unclear
15 Jun 2009 Farewell Naomi
15 Jun 2009 Ballantyne to leave ING Life
15 Jun 2009 Ballantyne to leave ING LIfe
14 Jun 2009 Bond Focus: NZ yield curve stretched by bond sales, low rates
14 Jun 2009 Rates Round Up
12 Jun 2009 Geneva pares loss on cost cutting, restructure
12 Jun 2009 Water those green shoots
12 Jun 2009 Macquarie grows Kiwi advice team
12 Jun 2009 LBA commits to independent future
12 Jun 2009 AUSTRALIA Series 1 - Accessing an Australian equity recovery
12 Jun 2009 Staying short the best strategy
12 Jun 2009 Fisher Funds KiwiSaver bucks the trend
12 Jun 2009 Brook closing fund
11 Jun 2009 What economists are saying
11 Jun 2009 New CFO for ING NZ
11 Jun 2009 Prices slip, volumes hold in May: REINZ
11 Jun 2009 SHARE Conference 2009
11 Jun 2009 REINZ residential highlights - May 2009
11 Jun 2009 RBNZ keeps key rate at 2.5% amid signs of stabilisation
11 Jun 2009 Dollar, rates jump after Bollard leaves rates unchanged
11 Jun 2009 OCR unchanged at 2.5%
11 Jun 2009 Fund managers pick China
10 Jun 2009 Trappy joins BIG
10 Jun 2009 Banks should disclose profit margins: Bawden
10 Jun 2009 Banks are bastards…
10 Jun 2009 SuperLife hits out at default providers after eosaver exit
10 Jun 2009 MPs slam banks over interest rates
09 Jun 2009 MPs slam banks over interest rates
09 Jun 2009 Building work falls less than expected
09 Jun 2009 Criminalising not helpful, says tenancy group
09 Jun 2009 Market Review: June 2009 Commentary
09 Jun 2009 Market Review: June 2009 London Commentary
09 Jun 2009 AXA favours returns in emerging equity markets
09 Jun 2009 Allan Hawkins defends prospectus
08 Jun 2009 Rates Round Up
08 Jun 2009 News Round Up
08 Jun 2009 TSB grows profits and mortgage book; HSBC's profit more than doubles
08 Jun 2009 Property prices stabilise with cheaper lending rates: QV
08 Jun 2009 QV regional highlights - May 2009
07 Jun 2009 Economists divided on next move for interest rates
05 Jun 2009 Property market picks up after
05 Jun 2009 Budget delivers warm blast
05 Jun 2009 Tower: Commodity Investing in 2009
05 Jun 2009 National says no to capital gains tax
05 Jun 2009 Loopholes removed from NAP law
05 Jun 2009 First KiwiSaver fund to close
05 Jun 2009 Merger heralds mega ambitions for online financial firm
04 Jun 2009 First KiwiSaver fund to close
04 Jun 2009 Bridgecorp directors banned
04 Jun 2009 Buist climbs Guardian ranks
04 Jun 2009 Auckland housing demand picks up
04 Jun 2009 Rates seesaw continues
04 Jun 2009 Members clear way for IFA’s new disciplinary bylaw
04 Jun 2009 Attention turns to risk products as demand for investment wanes
03 Jun 2009 Share makes new appointment
03 Jun 2009 Recession fails to dent demand for risk products
03 Jun 2009 Mortgage rate commentary: Little action
03 Jun 2009 St Laurence reports $87.2m loss
03 Jun 2009 Kiwibank continues explosive growth; ASB profit drops
02 Jun 2009 Labour heads to Select Committee over RTA bill
02 Jun 2009 ASFONZ Education Module: Trustee Investment Decisions
02 Jun 2009 Sue directors, not advisers: Lawyer
02 Jun 2009 News Round Up
02 Jun 2009 Is it worth breaking your mortgage?
01 Jun 2009 Rates Round Up
01 Jun 2009 IFA appoints new Independent Director
May 2009
29 May 2009 NZ building approvals climb 11% in April, suggesting life seeping back into market
29 May 2009 Managed futures seminar
29 May 2009 Budget 2009: AXA Budget Commentary 2009
29 May 2009 Rates seesaw stuck
28 May 2009 Budget blow for capital markets
28 May 2009 Productivity, vision take back seat as English delivers debt-control budget
28 May 2009 Suspending NZ Super Fund contributions increases burden: Mercer
28 May 2009 Budget 2009: Almost $12 million extra for financial adviser watchdog
28 May 2009 New Zealand's property market is forecast to slump further
28 May 2009 Budget 2009: NZ ends tax cuts, pension contributions as deficits soar
28 May 2009 Budget 2009: Primary Growth Partnership replaces Fast Forward Fund
28 May 2009 Budget 2009: NZ Govt bond sales to soar 55% as deficits balloon
28 May 2009 Managed futures seminar
28 May 2009 ING/ANZ make $400m final assault on CDO funds
28 May 2009 ING/ANZ make $400m final assault on CDO funds
28 May 2009 ING Life offers support people who lose jobs
28 May 2009 Budget Preview: Watching for surprises
28 May 2009 Budget delivers home insulation
27 May 2009 ANZ National increase long rates
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