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May 2008
12 May 2008 Residential property sales slump further: REINZ
12 May 2008 ASFONZ Education – Introduction to Trusteeship
12 May 2008 News Round Up
12 May 2008 Further signs property values easing
12 May 2008 Wellington house prices hold up best
09 May 2008 [Weekly Wrap] Golden reign of KiwiSaver
09 May 2008 Arcus appoint chief economist
09 May 2008 Liberty Adviser Network - showcasing its dealer group concept
09 May 2008 KiwiBaggers scrapping Savers
09 May 2008 KiwiSaver flying high
09 May 2008 Bluestone suspends HER loans
09 May 2008 Securities Commission asked to solve Blue Chip identity crisis
08 May 2008 Buyers and sellers in a tug-of-war
08 May 2008 PIS May Development Days
08 May 2008 All just a bunch of rose-tinted glasses?
08 May 2008 Two steps forward, one step back
08 May 2008 Billion dollar booby but finance company sector fights on, RBNZ finds
08 May 2008 RBNZ encourages new market
08 May 2008 Health insurance at record high for Kiwis
07 May 2008 Health insurance at record high for Kiwis
07 May 2008 Property investment yields down, but optimism remains
07 May 2008 INFINZ Debt Capital Markets Forum 2008
07 May 2008 Accuro hunts for new chief
07 May 2008 Fund flows improve, but still negative
06 May 2008 Commission planning to prosecute finance companies
06 May 2008 Housing implosion confirmed: Broker
06 May 2008 Morningstar Fund Manager of the Year Winners
06 May 2008 ASSET - Government lightens the load
06 May 2008 North vs South: Battle of the mighty Ws
06 May 2008 Market Review: May 2008 commentary
06 May 2008 Market Review: May 2008 London commentary
06 May 2008 Auckland property prices continue to hold, despite low volume
06 May 2008 March not the usual bumper month
06 May 2008 Morningstar rates ING and AMP as investment grade
06 May 2008 Opinion: Business insurance target – is it the right one?
06 May 2008 New man at Marac
05 May 2008 A cure for under-insurance?
05 May 2008 Wanted: Chief Executive for health company
05 May 2008 May issue - available now
05 May 2008 News Round Up
02 May 2008 [Weekly Wrap] The good, the bad and the ugly
02 May 2008 Farewell: John Molloy
02 May 2008 Bluestone still looking for finance company buys
01 May 2008 Dorchester CEO departs
01 May 2008 Bill to modernise apartment laws on its way
01 May 2008 DIY rules aimed at eliminating building rogues
01 May 2008 Now for some good news
01 May 2008 AMP Capital turning conservative
01 May 2008 ING Life considers new baby
April 2008
30 Apr 2008 Axa Rosenberg walks in with new "alpha footprint"
30 Apr 2008 Home loan report: hope at last
30 Apr 2008 Gould Holdings emerges as potential Vestar buyer
30 Apr 2008 Home loan report: Hope at last
29 Apr 2008 S&P upgrades Geneva, but turns negative
29 Apr 2008 For Sale: One damaged advisory network
29 Apr 2008 RaboPlus adds two more to team
29 Apr 2008 Equity release mortgages slow
29 Apr 2008 'Slight' oversupply of houses will help keep prices down
28 Apr 2008 Geneva investors say yes
28 Apr 2008 News Round Up
27 Apr 2008 First finance company PIE fund
24 Apr 2008 MDRT Roadshow 2008
24 Apr 2008 Weekly Wrap: Spicing it up
24 Apr 2008 OCR announcement
24 Apr 2008 Market perceives that Bollard softens the rhetoric
24 Apr 2008 The official cash rate (OCR) unchanged at 8.25%
24 Apr 2008 AXA reports strong group risk sales
24 Apr 2008 KPMG: Longer term deposits the way to go
24 Apr 2008 Opinion: Asteron on the true nature of insurance
24 Apr 2008 Market perceives that Bollard softens the rhetoric
23 Apr 2008 MDRT Roadshow 2008
23 Apr 2008 Should you sell?
23 Apr 2008 Adviser amendments to rebuild investor confidence, Dalziel says
23 Apr 2008 Adviser amendments to rebuild investor confidence, Dalziel says
23 Apr 2008 PINs change
23 Apr 2008 Bluestone offer for Geneva frustrated
23 Apr 2008 Investors lose confidence in rental property
22 Apr 2008 Who wants to be on IFA board?
22 Apr 2008 Asteron boosting trauma
22 Apr 2008 WINZ of change for AMP listed fund
21 Apr 2008 Parent says Tasman and United doing OK
21 Apr 2008 Receivership better ending for Kiwi Finance: Trustee
21 Apr 2008 Strategic Investment & Asset Allocation Summit
21 Apr 2008 Hanover's rating reconfirmed
21 Apr 2008 No rate relief likely this week
21 Apr 2008 News Round Up
19 Apr 2008 No rate relief likely this week
18 Apr 2008 Weekly Wrap: Unseemly infighting all for nought
18 Apr 2008 Sparks fly between advisers
18 Apr 2008 NZ Super appoints GM Private Mkts
18 Apr 2008 Cynotech buys up finance company loan books
18 Apr 2008 Guardian Trust appoints Charities manager
17 Apr 2008 APBs out, adviser definition narrows: committee report
17 Apr 2008 APBs out, adviser definition narrows: committee report
17 Apr 2008 They're off again
17 Apr 2008 Home loan report: They're off again
17 Apr 2008 Kiwis get serious about savings
17 Apr 2008 CD: Mentored by the Property Masters
16 Apr 2008 Kiwis get serious about retirement savings
16 Apr 2008 Retirement Policy and Research Centre Symposium
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