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December 2008
17 Dec 2008 Kiwis looking to property again
17 Dec 2008 Officials paint gloomy picture
16 Dec 2008 Advisers demand more from ING
16 Dec 2008 Things looking up for property investors
16 Dec 2008 Tauranga: Bargains in the bay
15 Dec 2008 Market Review: December 2008 Commentary
15 Dec 2008 Market Review: London December 2008 Commentary
15 Dec 2008 Share gets a new chairman
15 Dec 2008 Morningstar disappointed with ING decision
12 Dec 2008 [Weekly Wrap]
12 Dec 2008 Numbers speaking volumes
12 Dec 2008 Tower tweaks trauma conditions and benefits
12 Dec 2008 Wait for categorical advice, PAA chief warns
11 Dec 2008 KiwiSaver-lite gets green light
11 Dec 2008 Tower: Beating back the bear
11 Dec 2008 Median house price edges higher in November: REINZ
11 Dec 2008 Residential Highlights – November 2008
11 Dec 2008 ING births plan nine months after freeze
11 Dec 2008 Time to go down under
10 Dec 2008 Two more ING funds closing
10 Dec 2008 Floating rates that don't sink
10 Dec 2008 Now the hard work for Hanover
10 Dec 2008 PIE fund with a difference
10 Dec 2008 ING seeks to wind up distressed credit funds
10 Dec 2008 PIEs give IRD tummy ache
10 Dec 2008 Pinnancle pushes into adviser market
09 Dec 2008 Hanover shareholders vote in favour of plan
09 Dec 2008 UPDATED: Question time for Hanover big-wigs
09 Dec 2008 Hanover meeting underway
09 Dec 2008 Dyer to advise English on economics
09 Dec 2008 HSBC's mortgage book shrinks but profits jump
09 Dec 2008 Default on rental debt leaving landlords out of pocket
08 Dec 2008 Attempt to stop Hanover meeting fails
08 Dec 2008 Kiwibank welcomes wealth manager
08 Dec 2008 News Round Up
08 Dec 2008 Average house price falls for a second month
08 Dec 2008 Main urban areas commentary: QV
05 Dec 2008 KiwiSaver enters Reserve Bank stats with style
05 Dec 2008 [Weekly Wrap] Talk about falling rates
05 Dec 2008 Babcock wins reprieve, but note-holders pushed back in queue
04 Dec 2008 Auckland property sales fall
04 Dec 2008 Rates down, down, down - market up?
04 Dec 2008 Hanover Roadshow
04 Dec 2008 Bollard slashes interest rates
04 Dec 2008 New legal head for AIG
04 Dec 2008 MPS announcement
04 Dec 2008 OCR reduced to 5%
04 Dec 2008 Communication the key
04 Dec 2008 OCR reduced to 5%
03 Dec 2008 The difference between Hanover and ING
03 Dec 2008 Genesis sets rates
03 Dec 2008 What finance company investors need to consider
03 Dec 2008 SCF opens bond offer
03 Dec 2008 Mortgagee website a hit
03 Dec 2008 Hanover Roadshow
03 Dec 2008 Hanover Roadshow
03 Dec 2008 Genesis Energy launches $225 mill bond offer
03 Dec 2008 ASB, Kiwibank take lion's share of Sept qtr mortgage lending
03 Dec 2008 OCR shock needed to resuscitate risk
03 Dec 2008 Creating Cash Flow
03 Dec 2008 Tenants can now pay rent online
02 Dec 2008 Finance company sector turned on its head
02 Dec 2008 AIG releases product enhancements
02 Dec 2008 Strategic wins trustee support for moratorium
02 Dec 2008 Hanover Roadshow
02 Dec 2008 Hanover Roadshow
02 Dec 2008 Opinion: Think big for risk
02 Dec 2008 Kiwi and Allied to merge
01 Dec 2008 Hanover Roadshow
01 Dec 2008 Dorchester posts $35m loss
01 Dec 2008 Fisher and Morrison launch first fund
01 Dec 2008 News Round Up
01 Dec 2008 Investors looking for property in Manakau
November 2008
30 Nov 2008 Whopper rate cut coming: Economists
30 Nov 2008 ANZ National's bad loan provisions soar
28 Nov 2008 Geneva says BOS reconfirms $35m facility
28 Nov 2008 [Weekly Wrap] Tough decisions are coming
28 Nov 2008 Pouncing on problems
28 Nov 2008 PIS November Development Days
28 Nov 2008 Building approvals fall to record low
28 Nov 2008 Short-term borrowing opportunities shrinking
28 Nov 2008 Risks and returns in this market
27 Nov 2008 New private equity fund blossoms at Craigs
27 Nov 2008 Lombard posts loss
27 Nov 2008 Maloney to head Stone after Asteron buys Service 1st
27 Nov 2008 Marac launches high interest account
27 Nov 2008 Money @ Work: PGG Wrightson Finance secured bonds
27 Nov 2008 ASFONZ/Women in Super Industry Breakfast
27 Nov 2008 ASFONZ Education – Introduction to Workplace Savings
27 Nov 2008 Hanover Roadshow
27 Nov 2008 Home loan report: Longer fixing now an option
27 Nov 2008 ANZ and NBNZ make borrowing harder
27 Nov 2008 Dorchester unveils three-year repayment plan
26 Nov 2008 South Canterbury goes to the market again
26 Nov 2008 ANZ and NBNZ make borrowing harder
26 Nov 2008 Strategic halts January pref share payment
26 Nov 2008 New senior manager for BT
26 Nov 2008 ASFONZ/Women in Super Industry Breakfast
26 Nov 2008 ASFONZ Education – Introduction to Workplace Savings
26 Nov 2008 Hanover 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