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August 2021
26 Aug 2021 Cigna appoints experienced lawyer to its leadership team
26 Aug 2021 Be warned: A big OCR increase in October likely
26 Aug 2021 RBNZ eyed 50 basis point OCR hike
26 Aug 2021 Climate fund makes first investment
26 Aug 2021 Kiwibank profits double, mortgage book up 11%
26 Aug 2021 Big banks offer business relief
25 Aug 2021 Kiwi dollar up as RBNZ signals rate hikes
25 Aug 2021 BNZ CEO departs
25 Aug 2021 Fossil fuel investment drops 'but not fast enough'
25 Aug 2021 Tribunal: Black mould leads to substantial compensation order
24 Aug 2021 ANZ does a u-turn on rate increases
24 Aug 2021 NZX50 holds at 13,000 after strong earnings results
24 Aug 2021 [Watch] August property market update
24 Aug 2021 Policy Servicing: What to do now and how is Covid changing things
24 Aug 2021 Home loans for humans
24 Aug 2021 Residential market confidence remains elevated
24 Aug 2021 Westpac offers business relief
23 Aug 2021 ANZ makes confidential deal with Ross victims
23 Aug 2021 Z Energy pushes NZX 50 above 13,000 points
23 Aug 2021 Craigs welcomes back former staffer
23 Aug 2021 nib makes $27 million profit after 'challenging year'
23 Aug 2021 Sharesies snapped for AML breaches
23 Aug 2021 Regional Insights report: Auckland market cools most
23 Aug 2021 Milford establishes a new foundation
23 Aug 2021 Old Aegis platform gets a new look
21 Aug 2021 Lockdown 'net positive' for NZ sharemarket
20 Aug 2021 ‘Bonkers’ housing market off the chart
20 Aug 2021 Fall in real house prices expected by Reserve Bank
20 Aug 2021 Advisers can run a FAP - but it's not easy
20 Aug 2021 Why DIY investing and professional advice can see eye-to-eye
19 Aug 2021 Experienced BDM moves to Cigna
19 Aug 2021 Chorus shares lift as ComCom values its assets
19 Aug 2021 Financial services lockdown update - FMA hopes to add to list
19 Aug 2021 Reserve Bank predicts fall in house prices; Eyes on October rate hike
19 Aug 2021 Reserve Bank predicts fall in house prices
19 Aug 2021 People are punting on insurance – we have to stop them
19 Aug 2021 Avanti adds to its property finance team
19 Aug 2021 Economists react to rate hold decision
18 Aug 2021 Shares up as RBNZ defers rate hike
18 Aug 2021 OCR decision revealed
18 Aug 2021 Delta outbreak set to halt rate hike
18 Aug 2021 Delta outbreak set to halt rate hike
18 Aug 2021 Booster invests into financial advice business
17 Aug 2021 Markets tumble as covid case found
17 Aug 2021 Rent shock for abandoning rental
17 Aug 2021 ANZ hikes rates ahead of RBNZ decision
17 Aug 2021 ANZ hikes rates ahead of RBNZ decision
17 Aug 2021 Economic strength brings RBNZ into play
16 Aug 2021 Short sellers send A2 shares up
16 Aug 2021 a2 shares jump as Aussie media reheats Nestle rumours
16 Aug 2021 OCR Preview Survey; Squirrel product receives 1000 applications
16 Aug 2021 OCR Preview Survey: Economists predict first hike since 2014
16 Aug 2021 Squirrel 95% mortgage passes 1000 applications
16 Aug 2021 Top city - top prices
15 Aug 2021 AMP's New Zealand renovation continues
14 Aug 2021 [The Wrap] Time to focus on fund manager fees?
14 Aug 2021 Real house price falls predicted from next year
13 Aug 2021 NZ shares up as investors ignore uncertainty
13 Aug 2021 AIA NZ improves mental health underwriting
13 Aug 2021 Housing market: Still hot but cooling
13 Aug 2021 Experienced advisers head to Kiwi Adviser Network
13 Aug 2021 Kiwi Adviser Network lures experienced advisers
13 Aug 2021 World first fund joins InvestNow
12 Aug 2021 FMA accuses gold mine boss of market manipulation
12 Aug 2021 NZ shares fall as nervy investors wait on RBNZ
12 Aug 2021 Investor mortgage lending waning
12 Aug 2021 Lifetime strengthens investment committee
12 Aug 2021 ASB home lending jumps; Commercial real estate outlook
12 Aug 2021 Prices cool over past three months
12 Aug 2021 Cryptocurrency - a key part of a diversified portfolio
12 Aug 2021 Booster's Tahi fund makes another investment
11 Aug 2021 F&P Healthcare sucks life out of market
11 Aug 2021 ASB profit up 40% as home lending soars
11 Aug 2021 Kainga Ora rate changes; Mortgage strategy update
11 Aug 2021 ESG an empty buzzword
11 Aug 2021 Westpac warned for AML failures
11 Aug 2021 Industrial buildings: Adapt or fail
11 Aug 2021 Marathon court battle comes to an end
10 Aug 2021 $100 billion mark cracked
10 Aug 2021 Investors prepare for earnings next week
10 Aug 2021 Long-term mortgages becoming more attractive
10 Aug 2021 Homecoming for Tainui Group Holdings new CIO
10 Aug 2021 Beating up investors with yet more regulations
10 Aug 2021 TSB rate changes; Growing talk of 50 basis point OCR hike
10 Aug 2021 Adviser opportunities have never been better
10 Aug 2021 Pathfinder joins the $100 million club
09 Aug 2021 NZ shares fall as bond yields climb
09 Aug 2021 House price madness probably slowing
09 Aug 2021 Outside odds of 50 basis point rate hike
09 Aug 2021 Kiwibank hikes 2 year rate
09 Aug 2021 Check your cover and win a prize - ICNZ
06 Aug 2021 NZ shares up as Refining NZ shareholders vote to end refining
06 Aug 2021 Devon adds to board
06 Aug 2021 Inspiring and energising - Financial Advice NZ
06 Aug 2021 Inflation; transitory traveller or a more permanent fixture?
05 Aug 2021 Trading session left unfinished as NZX halts market
05 Aug 2021 Consilium appoints former MP to its board
05 Aug 2021 KiwiSaver rides the waves
05 Aug 2021 FSCL case highlights need for better record keeping
05 Aug 2021 Change at the top for Christian Savings
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