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May 2006
07 May 2006 Property price growth again eases
05 May 2006 Fund Distributors' inaugural conference
05 May 2006 Super Fund makes new appointments
05 May 2006 Kingfish reveals a good catch for the year
05 May 2006 Jim Minto's view on the shape of the advisory industry
05 May 2006 Westpac changes its home loan strategy
05 May 2006 New ISO chairman
04 May 2006 Tax changes to raise more revenue than expected: KPMG
04 May 2006 Southern Cross ups premiums
03 May 2006 Market Review: (Almost) boring
03 May 2006 Investing in fixed interest 101
03 May 2006 KPMG warns of Westpoint type collapse in NZ
03 May 2006 Homes become more affordable: survey
03 May 2006 Review of Unit Titles act started
02 May 2006 Finance company sustainability questioned
02 May 2006 Why we won't tell you about the FPIA's KiwiSaver submission
02 May 2006 Unions to get into KiwiSaver
02 May 2006 Tower appoints new BDM
02 May 2006 Unions to get into KiwiSaver
01 May 2006 Home loan rates start rising
01 May 2006 News Round Up
April 2006
30 Apr 2006 Fewer people are expecting house price increases
29 Apr 2006 Building consents plummet
28 Apr 2006 KiwiSaver Bill submissions close
28 Apr 2006 Managed Funds find favour as conditions change
28 Apr 2006 Follow-the-market not necessarily the best approach
28 Apr 2006 Tax changes may benefit Australia
28 Apr 2006 Get a slice of property development
28 Apr 2006 REINZ alleges property selling firm breaking law
27 Apr 2006 OCR announcement
27 Apr 2006 Reserve Bank leaves rates unchanged and rules outs any cuts this year
27 Apr 2006 OCR unchanged at 7.25%
27 Apr 2006 Advisers react strongly to comments
27 Apr 2006 Mimms to take over Liontamer distribution
27 Apr 2006 CTU wants 2% KiwiSaver contribution rate
27 Apr 2006 Rising petrol prices not good for property
26 Apr 2006 Home loan rates start rising
26 Apr 2006 Mimms returns with Investment Store
26 Apr 2006 Some good news for managed funds
26 Apr 2006 Reserve Bank leaves rates unchanged and rules outs any cuts this year
25 Apr 2006 Investment property still number one for returns
24 Apr 2006 News Round Up
23 Apr 2006 Economists divided on when to expect rate cuts
23 Apr 2006 564 sections sold in one day
21 Apr 2006 Company hit for misleading investors
20 Apr 2006 Mike Pero Mortgages keeps growing
20 Apr 2006 My view on the future shape of the advisory industry
20 Apr 2006 Law to reduce salary sacrifice announced
20 Apr 2006 SRI to get boost this year
19 Apr 2006 Not all Taskforce recommendations to be adopted: MED
19 Apr 2006 Rates quiet, some upward pressure applied
18 Apr 2006 News Round Up
18 Apr 2006 Housing market reaches 'comfortable plateau'
18 Apr 2006 Feature: Regional housing market report
18 Apr 2006 Rates quiet, some upward pressure applied
17 Apr 2006 James Ring resigns as manager
13 Apr 2006 What readers think of tax changes
13 Apr 2006 PIS professional development day
13 Apr 2006 Sovereign increases market share
13 Apr 2006 RaboPlus appoints new ops manager
13 Apr 2006 Professional Advisers Association votes for change
12 Apr 2006 PIS professional development day
12 Apr 2006 Tax changes: Winners and lossers
12 Apr 2006 Govt sticks to its line on tax
12 Apr 2006 Deposit rate news briefs
12 Apr 2006 Tax changes: Key's response predictable
11 Apr 2006 Small concession in tax changes
11 Apr 2006 $110 million of tax cuts to improve fairness of investment tax regime
11 Apr 2006 Taxation of investment income: Questions and answers
11 Apr 2006 Fact sheet 1: Savers in New Zealand-managed funds
11 Apr 2006 Fact sheet 2: Overseas share investments by individual direct investor
11 Apr 2006 Fact sheet 3: New tax rules for New Zealand managed funds
11 Apr 2006 First thoughts on tax changes
11 Apr 2006 PIS professional development day
11 Apr 2006 Tough decision time
11 Apr 2006 Advisory industry post regulation: One view
10 Apr 2006 PIS professional development day
10 Apr 2006 News Round Up
10 Apr 2006 House price rises slow - again
10 Apr 2006 Tough decision time
10 Apr 2006 QV Residential price movement report
09 Apr 2006 ING annual conference 2006
09 Apr 2006 House price rises slow - again
07 Apr 2006 PIS professional development day
07 Apr 2006 Paperless papers
07 Apr 2006 Things are changing at ING
07 Apr 2006 Bridgecorp makes new senior appointments
07 Apr 2006 Actuaries defend themselves
06 Apr 2006 Officials cut advisers from KiwiSaver
06 Apr 2006 PIS professional development day
06 Apr 2006 HSBC continues to lose market share
06 Apr 2006 Deposit rate news briefs
06 Apr 2006 Officials cut advisers from KiwiSaver
05 Apr 2006 First S&P rating for non-bank finance company
05 Apr 2006 Actuaries defend themselves
05 Apr 2006 Auckland property sales volumes recover
05 Apr 2006 Letter to the Minister of Finance
05 Apr 2006 Hard finding inflation tools beyond interest rates
05 Apr 2006 Two landlord bills to be withdrawn
04 Apr 2006 Marac first non-bank finance coy to get S&P rating
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