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July 2022
30 Jul 2022 TMM Saturday Special
29 Jul 2022 Mainfreight shares rally for second day on US update
29 Jul 2022 First Mortgage Trust makes two key appointments
29 Jul 2022 New strategic accounts manager at AIA
29 Jul 2022 Over the peak
29 Jul 2022 Complaints of fear mongering by financial educators rejected
28 Jul 2022 Complaints of fear mongering by financial educators rejected
28 Jul 2022 Mainfreight’s shares jump
28 Jul 2022 Huge rent refund for Illegal ‘smoko shed’ conversion
28 Jul 2022 FMA calls out industry over ethical claims
27 Jul 2022 NZ Carbon units leap on ETS advice
27 Jul 2022 The real reason why advisers are delaying FAP applications
27 Jul 2022 The reason why advisers are delaying FAP applications
27 Jul 2022 Mike Pero mortgages hires more people
27 Jul 2022 $40 billion value wiped off housing market in six months
27 Jul 2022 Tough headwinds and greater fall in house prices
27 Jul 2022 How the FMA says it’s helping advisers to comply with the licensing regime
26 Jul 2022 Energy stocks decline across the board
26 Jul 2022 Renters making demands of property managers
26 Jul 2022 Secondary loan market set up by peer to peer company
26 Jul 2022 Staggering increase in Rotorua’s hotel room rates
26 Jul 2022 Fundamentals have gone missing in 2022
25 Jul 2022 Will there be many advisers left in a year's time?
25 Jul 2022 New BDM for Financial Advice NZ
25 Jul 2022 TSB beats the big four
25 Jul 2022 New Zealand shares fall as recession fears rise
25 Jul 2022 Buying opportunities stacking up for Canterbury investors
25 Jul 2022 Harbour Asset Management publishes first annual sustainability report
25 Jul 2022 FAP programme inches forward
22 Jul 2022 Pacific Edge ends week on high
22 Jul 2022 Mint appointed new Independent Director of the Board
22 Jul 2022 Building costs soar and no end in sight
22 Jul 2022 Rental market turning on landlords
22 Jul 2022 FMA ups the ante on value-for-money project, won’t back down on original guidance
21 Jul 2022 Pacific Edge rallies for second day on southern district health region deal
21 Jul 2022 Vocational retraining - the improvements
21 Jul 2022 Big merger in mortgage market
21 Jul 2022 FNZ buys private banking firm
21 Jul 2022 Big merger in mortgage market
21 Jul 2022 FMA reveals a plan and timeframe for COFI licensing
20 Jul 2022 Pacific Edge leads NZ shares higher
20 Jul 2022 Mortgage adviser wins no-loan-no-fee dispute
20 Jul 2022 New sustainable fund comes to New Zealand
20 Jul 2022 Auckland-based InsurTech firm aims for ASX listing
20 Jul 2022 How Tower is growing its adviser and referrals network
19 Jul 2022 NZ shares trade sideways during school holidays
19 Jul 2022 House prices in free fall
19 Jul 2022 Mortgage adviser wins No-Loan-No-Fee dispute
19 Jul 2022 Phenix Salon Suites brings lucrative property management franchise opportunity to NZ
19 Jul 2022 Locums strongly recommended for advisers
18 Jul 2022 NZ shares shake off inflation scare
18 Jul 2022 Inflation the big news today
18 Jul 2022 High inflation brings new challenges for home buyers
18 Jul 2022 Partners Life tells advisers more about the ‘claims squeeze’
18 Jul 2022 Wellbeing programmes aren’t just good for your health
18 Jul 2022 Answers to climate risk and housing getting closer
18 Jul 2022 Inflation hits 32 year high
15 Jul 2022 NZ shares fall as China growth slows
14 Jul 2022 NZ shares climb as investors absorb inflation data
14 Jul 2022 Don’t expect a housing market turn
14 Jul 2022 Borrowers should escape the worst despite big OCR jump – bank economist
14 Jul 2022 History may not repeat but it can rhyme
13 Jul 2022 NZ market not bothered by RBNZ hike
13 Jul 2022 RBNZ implements another big jump in the base interest rate
13 Jul 2022 Why the RBNZ hiked the OCR - again
13 Jul 2022 OCR up: What the RBNZ said
13 Jul 2022 House sales battered
13 Jul 2022 Zip lowers on lending to tradies
12 Jul 2022 Spark shares jump after selling 70% of TowerCo for $900m
12 Jul 2022 AIA teams up with online platform
12 Jul 2022 Next set of CCCFA changes complex
12 Jul 2022 Second tranche of CCCFA reform due out of the end of this month
12 Jul 2022 A cluster of ‘modest’ accounts: what KiwiSaver balances really look like
11 Jul 2022 Shares drop as investors wait for RBNZ decision
11 Jul 2022 New mortgage lending rises after plunge
11 Jul 2022 Another 50 point OCR rise forecast
11 Jul 2022 Guilty plea in mortgage fraud case
11 Jul 2022 Bank economists agree on another 50 point hike in the OCR
11 Jul 2022 FMA plans to crack down on greenwashing
08 Jul 2022 Eroad shares pick up speed for second day in a row
08 Jul 2022 New Head of Enforcement at FMA
08 Jul 2022 House prices now dropping rapidly as correction kicks in
08 Jul 2022 Fidelity Life boosts non-medical limits as part of new underwriting package
07 Jul 2022 Eroad shares on the road to recovery
07 Jul 2022 Cigna makes new board appointment
07 Jul 2022 Reaction: Day One CCCFA changes
07 Jul 2022 Cigna New Zealand appoints Stephen Moir to its Board
07 Jul 2022 Investors on the back foot
07 Jul 2022 New appointment at PWA
07 Jul 2022 New CCCFA rules could lead to fictitious budgets
07 Jul 2022 Two futures for income protection cover
07 Jul 2022 More homework from the FMA for those offering investment advice
06 Jul 2022 Adviser offers digital home loan service
06 Jul 2022 Adviser launches digital home loan service
06 Jul 2022 Are we at the turning point?
05 Jul 2022 Strong day on sharemarket
05 Jul 2022 New lending option for advisers
05 Jul 2022 Prospa offers new loan option
05 Jul 2022 Why rapid advances in medicine and technology are pushing up premiums for life and health cover
05 Jul 2022 Auckland house sales plummet but prices defy expectations
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