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February 2008
21 Feb 2008 Guardian Trust appoints business mgr Whangarei
21 Feb 2008 Minister open-minded to Adviser bill changes
21 Feb 2008 Housing market is swinging in buyers' favour: survey
21 Feb 2008 North Canterbury property in demand
20 Feb 2008 Advisers beware
20 Feb 2008 Pressure building on Blue Chip
19 Feb 2008 GS JBWere appoint head of asset management
19 Feb 2008 Walker funds survive under new roof
18 Feb 2008 Numeria Finance investors get estimate of returns
18 Feb 2008 Joneses' liquidation put down to cash shortage
18 Feb 2008 The PAA Roadshow
18 Feb 2008 News Round Up
18 Feb 2008 Investor confidence down
17 Feb 2008 The Joneses gone by lunchtime
16 Feb 2008 [The Landlord asks...] Is there a place for Blue Chips?
15 Feb 2008 Is there a place for Blue Chips?
15 Feb 2008 Weekly Wrap: Chipping away at investor confidence
15 Feb 2008 Down and out? Maybe not...
15 Feb 2008 Hanover responds
15 Feb 2008 Fisher loses director
15 Feb 2008 Strategic reports increased interim profit
15 Feb 2008 Finance company to refund 1200 customers
15 Feb 2008 KISS principle still rules
15 Feb 2008 Absolute investors await final sentence
14 Feb 2008 ASFONZ Education – Advanced Investing
14 Feb 2008 Geneva still on creditwatch
14 Feb 2008 ISI seeks Commission approval for APB
13 Feb 2008 REINZ reveals poor January performance
13 Feb 2008 REINZ Residential commentary – January 2008
13 Feb 2008 ASFONZ Education – Best Practice Governance
13 Feb 2008 BT to focus on retail market
13 Feb 2008 ASB appoints area mgr North Island
12 Feb 2008 Quayside rate set
12 Feb 2008 Affordable housing initiatives good for investors
12 Feb 2008 Volatility abounds
12 Feb 2008 Home loan report: Volatility abounds
12 Feb 2008 St Laurence to raise up to $24.4m
12 Feb 2008 Stay focused on the long term
12 Feb 2008 [Opinion] View From a Finance Company
12 Feb 2008 ASSET - See-through advice
12 Feb 2008 ASFONZ Education – Introduction to Investing
12 Feb 2008 Govt plans to pump up housing market
12 Feb 2008 MFS looks to orderly wind up
12 Feb 2008 Book: Commercial Real Estate Investor’s Guide
11 Feb 2008 MFS - what a mess
11 Feb 2008 Riding the Global Credit Crunch and Commodities Boom
11 Feb 2008 Market Review: February 2008 commentary
11 Feb 2008 News Round-Up
11 Feb 2008 Russell's Australasian man move to US HO
11 Feb 2008 Property prices could go backwards: QV
11 Feb 2008 QV commentary shows Wellington still on top
10 Feb 2008 Housing market screeching to halt
10 Feb 2008 Financing property deals getting harder
10 Feb 2008 Auckland house sales take a big hit
08 Feb 2008 Weekly Wrap: Are you ready for new laws?
08 Feb 2008 First finance company to emerge from receivership
08 Feb 2008 Macquarie buys all of Brook
08 Feb 2008 Inspection photos may breach tenants’ privacy
08 Feb 2008 Administrators to mop up Absolute mess
08 Feb 2008 Cow cockies go coastal
07 Feb 2008 KiwiSaver breaks through 400,000 barrier
07 Feb 2008 APIA calls ‘communications’ meeting
07 Feb 2008 Who do risk advisers work for?
05 Feb 2008 Central Auckland: Humming in the hub
05 Feb 2008 KiwiSaver calculator all sorted - yeah right!
05 Feb 2008 Investors pushing locals out of Murupara
05 Feb 2008 Scarlett joins AXA
05 Feb 2008 ING, PIS to offer new homes for compliance-weary advisers
04 Feb 2008 Council to issue up to $200 mill in bonds
04 Feb 2008 Fin Coys up, banks down
04 Feb 2008 News Round Up
04 Feb 2008 Mortgage rates fall, but for how long?
04 Feb 2008 Mortgage rates fall, but for how long?
02 Feb 2008 MFS confirms payments not made
01 Feb 2008 Weekly Wrap: A focus on finance companies
01 Feb 2008 NZers happy with their retirement planning: survey
01 Feb 2008 Gauges looking like a Grimm fairy tale
01 Feb 2008 Pinnacle Life boosts 'instant' life cover
01 Feb 2008 What's happening at MFS?
01 Feb 2008 A glimmer of hope for borrowers
01 Feb 2008 MFS shares suspended in NZ
January 2008
31 Jan 2008 C+M debenture holders given bad news
31 Jan 2008 Brook's bearish view
31 Jan 2008 Hanover reports cash reserves of $80 mill
31 Jan 2008 Equitable appoints new CEO
30 Jan 2008 Bonds removed from negative credit watch
30 Jan 2008 Book: The Truth About Positive Cashflow Property
29 Jan 2008 An election for property investors
29 Jan 2008 NZers happy with their retirement planning: survey
29 Jan 2008 Bank TD rates fall
29 Jan 2008 Ringfencing property losses on agenda again
28 Jan 2008 Slow progress for mortgage auction site
28 Jan 2008 News Round Up
25 Jan 2008 Rescue plan frustrated
25 Jan 2008 Just the facts please
25 Jan 2008 Another KiwiSaver fee calculator
25 Jan 2008 ING loses top executive
25 Jan 2008 Employers now want KiwiSaver to be compulsory
24 Jan 2008 Bollard leaves interest rates unchanged
24 Jan 2008 OCR announcement
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