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June 2021
28 Jun 2021 ANZ's 1.68% rate; Lending strong in May; New non-bank funds
28 Jun 2021 ANZ 1.68% new build rate shakes up market
28 Jun 2021 Women win financial stakes
28 Jun 2021 Mortgage lending holds up in May
27 Jun 2021 Trade-ups out of reach for many
27 Jun 2021 Alpha First Lending- Non Bank Funds Available Now
25 Jun 2021 Kiwi, stocks bounce back from Fed scare
25 Jun 2021 Risk of higher OCR this year
25 Jun 2021 Incentivise landlords and tenants win
25 Jun 2021 Record commercial property returns; Mike Pero hire
25 Jun 2021 Lockdown opens up tickets for Ethical Investment awards
25 Jun 2021 Mike Pero Timaru hire
25 Jun 2021 New advice rules more flexible than advisers think
24 Jun 2021 NZ shares flat but THL bounces on profit upgrade
24 Jun 2021 Commercial property returns all-time high
24 Jun 2021 Tech and the real estate trajectory
24 Jun 2021 Westpac abandons NZ sale plan
24 Jun 2021 Westpac abandons NZ sale plan
23 Jun 2021 NZ shares up as investors look for data signals
23 Jun 2021 Carter makes way for St John on ANZ NZ board
23 Jun 2021 Fix rates now bank urges
23 Jun 2021 Home lending drives record bank profits
23 Jun 2021 Mortgage growth drives record bank profits
23 Jun 2021 Another milestone reached - the road to full licensing lies ahead
22 Jun 2021 ‘Sanity’ returns to market
22 Jun 2021 Tribunal: Five years with a leaky roof
22 Jun 2021 nib offers cover for non-PHARMAC medicines
22 Jun 2021 Complaints and the problem with professional indemnity insurance
22 Jun 2021 Investor activity falls; Astute helps newcomers; ICBC rate changes
22 Jun 2021 Investor activity falls
22 Jun 2021 Astute launches mentorship scheme
21 Jun 2021 NZ shares decline as A2 Milk pulls back
21 Jun 2021 Interest rate hike expectations grow
21 Jun 2021 SBS rate cuts; People moves latest
21 Jun 2021 First Mortgage Managers appoints first female director
20 Jun 2021 PMG to buy two substantial properties
18 Jun 2021 a2 Milk jumps; Kiwi dips below 70 US cents
18 Jun 2021 Email: Serious breach of tenant’s privacy
18 Jun 2021 Five new funds for ethical investors
18 Jun 2021 DTIs won’t improve life for landlords and tenants
18 Jun 2021 Simplicity cuts floating rate to 1.9%
18 Jun 2021 ANZ predicts OCR hike in February; ASB to repay $9m over break-fee blunder; Westpac rate cuts
18 Jun 2021 Cigna signals changes to its growing distribution team
18 Jun 2021 Digital investment 'no longer on the fringe'
17 Jun 2021 Sharemarket and Kiwi dollar tumbles as US Fed pencils in rate hikes
17 Jun 2021 Unusual tenancy relationship ends up at tribunal
17 Jun 2021 ANZ predicts February OCR hike following GDP growth
17 Jun 2021 ASB repays $9m over break-fee blunder
17 Jun 2021 House prices ramping up nationwide
17 Jun 2021 Concern over DTI implementation; Co-operative Bank goes sub 2%
17 Jun 2021 Adviser concern over DTI threat
17 Jun 2021 Covid-related KiwiSaver switches less likely with an adviser
16 Jun 2021 Markets waits on US Fed...
16 Jun 2021 What DTI limits might look like
16 Jun 2021 Another Government tool aimed at investors
16 Jun 2021 Win a day with an AIA NZ Vitality ambassador
16 Jun 2021 First Mortgage Managers appoint its first female director
16 Jun 2021 DTIs move closer to reality; Prosper-MySolutions tie-up; BNZ rate changes
16 Jun 2021 Debt-to-income limits move closer
16 Jun 2021 Reserve Bank cools on interest-only limits
16 Jun 2021 Propser and mySolutions team up
16 Jun 2021 How office space will transform
16 Jun 2021 Micro-investing platforms - the future is now
15 Jun 2021 F&P Healthcare shares surge as competitor recalls dangerous products
15 Jun 2021 Recruitment drive nets AIA NZ four new BDMs and a 'vitality coach'
15 Jun 2021 New Partners Life products - hoping to find the middle ground
15 Jun 2021 Housing sales drop, prices race ahead
15 Jun 2021 Craigs snares ASB exec as new CEO
15 Jun 2021 The tale of two claims - The media's perception of insurance
15 Jun 2021 Investors urged to lock in long term rates; TSB hikes long term rates
15 Jun 2021 Investors urged to bolt in long-term rates
15 Jun 2021 Britannia Financial Services rebrands - expands investment offering
14 Jun 2021 Heartland Bank dominates market
14 Jun 2021 Rival Wealth gains more experience in its Auckland office
14 Jun 2021 Tribunal case: Cautionary tale for landlords
14 Jun 2021 Turnaround times slow to improve; ASB rate changes
14 Jun 2021 Tower appoints former rugby pro to sales and service team
14 Jun 2021 Vero asks customers to use mental health support benefit
14 Jun 2021 Turnaround times slow to improve
14 Jun 2021 Tale of two lakes
14 Jun 2021 Saving KiwiSaver: why contributions matter more than fees
13 Jun 2021 [The Wrap] A big picture view of financial planning
11 Jun 2021 Shares rise as markets ignore ‘shocking’ inflation
11 Jun 2021 Healthy Homes deadline fast approaching
11 Jun 2021 New build treatment under tax changes
11 Jun 2021 TSB cuts short term rates, raises 2 year: Reardon switches at Loan Market; Government reform latest
11 Jun 2021 National criticises new conduct bill
11 Jun 2021 Details emerge of property investor tax exemptions
11 Jun 2021 Financial Advice NZ launches new liability cover offering
10 Jun 2021 a2 and Mainfreight fall as investors eye inflation
10 Jun 2021 FSC launches competition for school students
10 Jun 2021 Suncorp NZ invests in a technology-enabled workforce
10 Jun 2021 Experienced exec joins Loan Market Central
10 Jun 2021 Experienced exec joins Loan Market Central
10 Jun 2021 AIA NZ helps raise $30k for India's Covid-19 relief fund
10 Jun 2021 Financial Advice New Zealand PI insurance details; Short term rates drop, longer terms rise
10 Jun 2021 Financial Advice NZ reveals PI renewal costs
09 Jun 2021 NZ shares edge higher as interest rates ease
09 Jun 2021 Market starting to cool
09 Jun 2021 FSCL surprised by insurance hikes
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