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March 2009
30 Mar 2009 SBS profit jumps in Dec Qtr despite rising mortgage arrears
30 Mar 2009 News round-up
27 Mar 2009 Weekly Wrap: Let's get the ball rolling
27 Mar 2009 Let's get the ball rolling
27 Mar 2009 Regs wait for Commissioner
26 Mar 2009 Tasman Mortgages placed in liquidation
26 Mar 2009 Fonterra may sell more NZ bonds amid strong investor demand
26 Mar 2009 Cull continues at ING
26 Mar 2009 Opinion: Screwing up the recession
26 Mar 2009 Camelot Conference
26 Mar 2009 Trustees under spotlight over their role
25 Mar 2009 A slow gradual climb
25 Mar 2009 KiwiSaver & Employment Law Seminar
25 Mar 2009 ASFONZ / Women In Super Industry Breakfast
25 Mar 2009 Becker bows out of ING
24 Mar 2009 Tower just gets minimum for bond offer
24 Mar 2009 KiwiSaver & Employment Law Seminar
24 Mar 2009 Vector may sell $150m of five-year bonds
24 Mar 2009 Cash now, cash later: ING converts deal
23 Mar 2009 UDC Roadshows
23 Mar 2009 Finance companies acted like ‘Ponzi schemes,’ registrar says
23 Mar 2009 News Round Up
23 Mar 2009 Thomas steps down from PAA
22 Mar 2009 MortgageWatch: More increases to longer term rates
22 Mar 2009 Rates Round Up
20 Mar 2009 Weekly Wrap: A one trillion dollar week
20 Mar 2009 * Comparing current Bond Offers *
20 Mar 2009 Big three agencies win RB approval
19 Mar 2009 Insolvency changes don’t go far enough
19 Mar 2009 Gould takes Spicers board spot
18 Mar 2009 ASB's profit and mortgage book stall in Dec Qtr
18 Mar 2009 Hanover says market continues to deteriorate
18 Mar 2009 Health insurance policies on the increase
18 Mar 2009 An Update From The Banking Ombudsman
18 Mar 2009 New chair for Hanover group
18 Mar 2009 Online fraudsters targeting landlords
18 Mar 2009 Morningstar rates AMP Capital's fixed interest strategy
17 Mar 2009 Diversified expands by two
17 Mar 2009 First KiwiSaver scheme to go
16 Mar 2009 Economic outlook for 2009 and an update from the Securities Commission
16 Mar 2009 News round-up
16 Mar 2009 Rates round-up
14 Mar 2009 Real mortgagee sale numbers
13 Mar 2009 MortgageWatch: Shorts down, longs up
13 Mar 2009 Weekly Wrap: Not a bad week!
13 Mar 2009 Getting a handle on mortgagee sales
13 Mar 2009 Market Review: March 2009 Commentary
13 Mar 2009 Market Review: London March 2009 Commentary
13 Mar 2009 Sovereign allows term life policies to be suspended
13 Mar 2009 Money follows people
13 Mar 2009 Advisers urged to continue education
12 Mar 2009 Curtin steps down as Com Com deputy
12 Mar 2009 CFA Ethics Workshop
12 Mar 2009 Bollard signals end to steep easing cycle as economy troughs
12 Mar 2009 OCR reduced to 3%
12 Mar 2009 Bollard disappoints some with 50 point OCR cut
12 Mar 2009 OCR reduced to 3%
12 Mar 2009 Ombudsman criticises ANZ advice over ING funds
11 Mar 2009 Tax changes will worsen NZ under-insurance
11 Mar 2009 Home sales, prices revive in February
11 Mar 2009 CFA Ethics Workshop
11 Mar 2009 Residential highlights - February 2009
11 Mar 2009 ANZ's new mortgage lending all but dried up in Dec qtr
11 Mar 2009 Growth still distant dream for AXA Global Investors
11 Mar 2009 Real estate market showing positive signs: Survey
10 Mar 2009 Kiwibank appoints five
10 Mar 2009 Evicted state tenants a concern for landlords
10 Mar 2009 ING/ANZ marriage sound, Bedbrook says
09 Mar 2009 Rates round-up
09 Mar 2009 News round-up
09 Mar 2009 Property values fall 8.9%: QV
09 Mar 2009 Auckland the most positive big city
06 Mar 2009 A real life experience
06 Mar 2009 Weekly Wrap: Winners and the others
06 Mar 2009 Bollard to cut rates again
06 Mar 2009 Opinion: NZ Superannuation Fund
06 Mar 2009 TakING two: How's Plan B stack up?
06 Mar 2009 Adviser award winners announced
06 Mar 2009 IFA turns around deficit
05 Mar 2009 PAA Conference 2009
05 Mar 2009 Auckland house prices rise, confidence edges up
05 Mar 2009 Bollard may not cut as deep as RBA holds interest rates
05 Mar 2009 Super Fund takes from Goldman Sachs
05 Mar 2009 AXA buys Goulds - finally
04 Mar 2009 PIS Professional Lending Services Summit
04 Mar 2009 Regulatory update: How will FSP impact financial service professionals
04 Mar 2009 Opinion: Cheaper in bulk? Not usually
04 Mar 2009 Falls and rises in home loan rates
04 Mar 2009 Brook fired by NZ Super
04 Mar 2009 Falls and rises in home loan rates
04 Mar 2009 Orewa showhome for sale - 7.81% return for 15 months
03 Mar 2009 Marac not facing funding cliff
03 Mar 2009 AMP latest corporate bond offer
03 Mar 2009 Who has got a guarantee?
03 Mar 2009 Morningstar Announces Fund Manager of the Year Winners
03 Mar 2009 AIA to be seperated from AIG
03 Mar 2009 Guardian Trust to make first repayment
03 Mar 2009 Westpac's profit, mortgage market share shrink
03 Mar 2009 Loan Market expands
02 Mar 2009 AMP Capital named number one manager
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