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June 2008
09 Jun 2008 ASSET - Doing the distribution reshuffle
09 Jun 2008 ING Roadshow 2008
09 Jun 2008 ING Roadshow 2008
09 Jun 2008 ING Roadshow 2008
09 Jun 2008 Market Review: June 2008 commentary
09 Jun 2008 Market Review: June 2008 London commentary
09 Jun 2008 ING Roadshow 2008
09 Jun 2008 ASB: Conservative but not under the crunch
09 Jun 2008 Trustees Executors appoint Wellington manager
09 Jun 2008 News Round Up
09 Jun 2008 QV regional highlights
09 Jun 2008 House prices down and expected to keep falling
06 Jun 2008 ING chief quits
06 Jun 2008 Petricevic gets a big bill
06 Jun 2008 How ‘bout those commissions
06 Jun 2008 Mortgage Express and the great PLAN
06 Jun 2008 Vestar sold - with strings attached
05 Jun 2008 Rate cuts predicted, but beware
05 Jun 2008 Auckland property volumes down but prices up
05 Jun 2008 Flurry of rates
05 Jun 2008 Home loan report: Flurry of rates
05 Jun 2008 MPS announcement
05 Jun 2008 Bollard sparks huge falls in wholesale rates and currency
05 Jun 2008 OCR unchanged, but coming down sooner than expected
05 Jun 2008 Costs of regulation explained
05 Jun 2008 Opinion: Insurance brokers can hold their heads up high
05 Jun 2008 New senior equity analyst for BT
05 Jun 2008 OCR unchanged, but coming down sooner than expected
04 Jun 2008 One last attempt at cracking franking credits issue
04 Jun 2008 Book: NZ Real Estate Investors' Secrets 2nd Edition
03 Jun 2008 Investors put money back into Geneva
03 Jun 2008 Cost of making life policies PIE compliant
03 Jun 2008 Planet expands board members by three
03 Jun 2008 News Round Up
03 Jun 2008 June issue - available now
02 Jun 2008 Bollard not quite ready to cut rates, economists say
02 Jun 2008 Dunedin: Mecca of the South
May 2008
30 May 2008 [Weekly Wrap] Good news for the PIE recipe
30 May 2008 Bill introduced to modernise unit titles law
30 May 2008 Far-flung assets being flicked
30 May 2008 Income protection insurance traps
30 May 2008 Greater protection under new RTA bill
30 May 2008 Asset quality now big issue for fin coys
29 May 2008 Home loan report: Budget stalls rate relief
29 May 2008 Women in Super networking session
29 May 2008 Home loan report: Budget stalls rate relief
29 May 2008 Bronwyn Shanks takes up GM role
29 May 2008 G4 to launch FAANZ club
28 May 2008 IFA colleges now SIGs
28 May 2008 C+M investors looking at getting 10% back
28 May 2008 Shared equity pilot getting mixed reactions
28 May 2008 Belgrave down
28 May 2008 New owners for Wizard?
28 May 2008 Proposed new rules for life companies unveiled
28 May 2008 Proposed new rules for life companies unveiled
27 May 2008 IFA appoints new director
27 May 2008 Minister blesses cash PIEs
26 May 2008 Asteron appoints professional development mgr
26 May 2008 News Round Up
24 May 2008 Home loan market changes
23 May 2008 [Weekly Wrap] Bill for adviser regulation presented
23 May 2008 Thanks for the bill, but what's it for?
23 May 2008 AIG launches needs analysis tool
23 May 2008 Bill for adviser regulation presented
23 May 2008 Mercer grows NZ investment team
22 May 2008 Tower's health business in good shape
22 May 2008 Budget 2008
22 May 2008 New Zealand Fixed Income Forum 2008
22 May 2008 Commission to pursue criminal charges against fin coys
21 May 2008 Food, Fuel and Fallen Angels
21 May 2008 A warning about too much cash
21 May 2008 Floating up, fixing down
21 May 2008 Opinion: Fear and loathing of life insurance
21 May 2008 Mint loses Ford
20 May 2008 Conflicting views on interest rate movements
20 May 2008 Three more years: OPI investors wait and hope
19 May 2008 SCF's bond issue gets rating
19 May 2008 Vendor in trouble over false advertising
19 May 2008 Goldridge appoints Joe Byrne to its board
19 May 2008 News Round Up
16 May 2008 [Weekly Wrap] Pass the parcel
16 May 2008 McMorran wins presidential race
16 May 2008 Final funding for Pegasus secured
15 May 2008 New board and president for IFA
15 May 2008 Fidelity gets behind risk advice software
15 May 2008 It's raining rate relief!
15 May 2008 ASFONZ Education – Advanced Investing
15 May 2008 Women in Super industry breakfast
15 May 2008 OCR cut of 50 points forecast
15 May 2008 Dominion puts S&P on hold
14 May 2008 Dominion puts S&P on hold
14 May 2008 Cover Life's Bases
14 May 2008 ASFONZ Education – Best Practice Governance
14 May 2008 Fidelity Life has appointed Wellington BDM
14 May 2008 Viking's IRG buys Equity and talks about expansion
13 May 2008 Fairview bites the dust
13 May 2008 ASFONZ Education – Introduction to Investing
13 May 2008 IFA race down to a duel
13 May 2008 Book: Commercial Real Estate Investing
12 May 2008 SCF looks to raise another $100 mill
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