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May 2024
20 May 2024 [OCR forecasts] No celebrations just yet
20 May 2024 No celebrations just yet
20 May 2024 AIA Wellbeing Study: Vulnerable conversations ease adviser stress
17 May 2024 NZ sharemarket pauses ahead of reporting season
17 May 2024 Proposed changes to insurer remedies on non-disclosure
17 May 2024 Negative disclosure anyone? Sue Griffiths gets a new job, plus another appointment
17 May 2024 FMT adds a second Chch BDM
17 May 2024 Should advisers have to disclose who they don't work with?
16 May 2024 NZ sharemarket has biggest single-day rise in seven months
16 May 2024 Clawback periods need to be reduced; ASB, Co-operative Bank rates change
16 May 2024 Sue Griffiths gets a new job
16 May 2024 Mindful Money announces finalists for ethical and impact investing awards
16 May 2024 [UPDATED] ComCom told clawback periods need to be reduced
15 May 2024 NZ sharemarket plunges to lowest level in six months
15 May 2024 Sticky market for investors – first home buyers in control
15 May 2024 NZFSG makes significant board appointment
15 May 2024 Servicing and Commissions
15 May 2024 NZFSG adds external board member
15 May 2024 Should Kiwibank move faster on being ready for open banking?
14 May 2024 NZ sharemarket down, Ryman Healthcare up
14 May 2024 Expectations survey should cheer RBNZ before OCR review; BNZ Fixed Housing Rate Change
14 May 2024 AIA NZ appoints National Sales Manager – ASB
14 May 2024 Expectations survey should cheer RBNZ before OCR review
14 May 2024 Aurora KiwiSaver targets private assets that support business growth
13 May 2024 Fletcher brings down the NZX
13 May 2024 Advisers aid in discounting from headline rates; Kiwibank rates change
13 May 2024 Advisers aid in discounting from headline rates: ANZ
13 May 2024 BlackRock appoints Jarden man to run its climate team in NZ
13 May 2024 MDRT NZ gears up for growth
13 May 2024 Air New Zealand – brightness on the horizon?
10 May 2024 NZ sharemarket slips back into negative territory
10 May 2024 [Weekly Wrap] Money on the move
10 May 2024 Businesses holding up OCR cuts; Difference in scores a reflection of banking study
10 May 2024 Businesses holding up OCR cuts
09 May 2024 NZ sharemarket falls to near nine week low
09 May 2024 Low house prices and deposits help first home buyers
09 May 2024 [GRTV] Richard Klipin reflects on time at FSC
08 May 2024 NZ sharemarket kept afloat thanks to F&P Healthcare
08 May 2024 Mortgage borrowers hedge their bets on OCR coming down soon; ASB rates change
08 May 2024 Mortgage borrowers hedge their bets on OCR coming down soon
08 May 2024 QuayStreet and Generate prominent in Morningstar’s latest KiwiSaver results
07 May 2024 NZ sharemarket down slightly
07 May 2024 7 key takeaways from new insurance bill
07 May 2024 Difference in scores a reflection of banking study
07 May 2024 65% of mortgage customers more than 3 months ahead of repayments - Westpac
07 May 2024 Nikko relaunches its KiwiSaver proposition
07 May 2024 Westpac says 65% of mortgage customers more than 3 months ahead of repayments
06 May 2024 NZ sharemarket dragged down by THL, Spark
06 May 2024 Westpac NZ added $1.44b of mortgages in the six months ended March
06 May 2024 RBNZ is still looking in the rear vision mirror
06 May 2024 Paying the cost of bureaucratic incompetence
03 May 2024 NZ sharemarket enjoys good week with fourth gain
03 May 2024 New customers get 3-months' premium-free on Fidelity Life
03 May 2024 Don’t let perfect be the enemy of good
03 May 2024 Overhaul of insurance regulations starts
03 May 2024 ANZ exits wholesale funds management
03 May 2024 Stewardship reporting steps up in first year of code
02 May 2024 NZ sharemarket flat amid Tourism Holdings trading halt
02 May 2024 Adviser's share of BNZ's new lending dipped; Mortgage arrears up and still rising slowly
02 May 2024 Adviser's share of BNZ's new lending dipped in latest six months
02 May 2024 Mortgage arrears up and still rising slowly
02 May 2024 Generate gets on board with Spirit of Adventure
02 May 2024 RBNZ says there's a moral hazard risk with deposit guarantee
01 May 2024 NZ sharemarket falls due to global inflation fears
01 May 2024 RBNZ could impose DTIs on mortgage lending from July; Mergers and acquisitions expand North Shore mortgage business
01 May 2024 Mergers and acquisitions expand North Shore mortgage business
01 May 2024 RBNZ could impose DTIs on mortgage lending from July
01 May 2024 RIAA launches investor guide on AI and human rights
April 2024
30 Apr 2024 Serko leads the NZ sharemarket up
30 Apr 2024 A possible reason for the recent weakness in EBOS and Spark share prices
30 Apr 2024 Defendant pleads guilty in mortgage fraud scheme
30 Apr 2024 Financial Advice NZ appoints new Head of Professional Development
30 Apr 2024 Low deposit buyers on the hunt
30 Apr 2024 Lending for low deposit mortgages rises
30 Apr 2024 Building active portfolios, building conviction levels
29 Apr 2024 NZ sharemarket gains 1% thanks to F&P Healthcare
29 Apr 2024 Lifetime Home Masterclass
29 Apr 2024 Liberty appoints new South Island BDM
29 Apr 2024 AIA creates a new role
29 Apr 2024 Insurance affordability relies on deeper understanding of hazards
29 Apr 2024 Having a say on draft banking report; Cost of living issues open options for advisers
29 Apr 2024 Having a say on draft banking report
26 Apr 2024 NZ sharemarket rocked by US inflation data
26 Apr 2024 Flint: The platform of mystery
26 Apr 2024 Ethical investment fund gets an international philanthropic investor
26 Apr 2024 FSC appoints interim CEO
25 Apr 2024 Op-ed: Cost of living issues open options for advisers
25 Apr 2024 Govt gives banks the "tweaks" to the CCCFA they asked for
25 Apr 2024 Mint engagement backs battle against child porn
25 Apr 2024 Premium relief for customers in drought areas
24 Apr 2024 NZ sharemarket celebrates highest single-day rise in over five months
24 Apr 2024 Refreshed liquidity guidance a step forward
24 Apr 2024 CCCFA changes not a complete panacea; Operations Manager opportunity (Christchurch Central, Canterbury)
24 Apr 2024 CCCFA changes not a complete panacea
24 Apr 2024 Mindful Money Announces 2024 Conference and Awards: Mainstreaming Impact and Celebrating Excellence in Ethical and Impact Investing
24 Apr 2024 Veteran financial adviser offers new coaching service for financial advisers
24 Apr 2024 Chch-based Lifetime hits the green with new appointment
24 Apr 2024 Would-be scammer convicted after running one of biggest pyramid schemes in NZ
23 Apr 2024 NZ sharemarket down after yesterday's gain
23 Apr 2024 Updated expectations on liquidity risk management
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.
2 weeks 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.
2 weeks 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