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Clear Filter
March 2021
25 Mar 2021
PI relief for small advice firm
24 Mar 2021
COMMENT: The good, the bad and the ugly
24 Mar 2021
Retirement stocks fall on housing policy
24 Mar 2021
Westpac Group weighs NZ sale
24 Mar 2021
Pathfinder first carbon-neutral KiwiSaver
24 Mar 2021
Mortgage Express Wairarapa appointment
24 Mar 2021
Advisers slam housing reforms; Westpac censured by Reserve Bank
24 Mar 2021
Advisers slam housing market reforms
24 Mar 2021
Trust tax disclosure changes: What advisers need to know
24 Mar 2021
Westpac censured by Reserve Bank over governance
23 Mar 2021
Pushpay shares surge as new investor buys cornerstone
23 Mar 2021
Scrapping tax deductibility not the way to go
23 Mar 2021
Policy ‘not rooted in reality’
23 Mar 2021
Challenging times ahead for investors: Westpac
23 Mar 2021
Years before changes make any difference
23 Mar 2021
Govt whacks property investors
23 Mar 2021
Government announces investor clampdown
23 Mar 2021
Government unveils investor clampdown
23 Mar 2021
Interest-only lending changes loom
23 Mar 2021
Wealthpoint adds general insurance to help advisers grow their businesses
22 Mar 2021
Client servicing is a big issue under the new rules
22 Mar 2021
Electricity stocks shed $42m of value
22 Mar 2021
Getting cross over Cancer cover
22 Mar 2021
Shuffling the top deck at Fidelity Life
22 Mar 2021
Fixing still in borrowers best interests
22 Mar 2021
Former NZ Super Fund employee to review fund
22 Mar 2021
Focus on commission disclosure, Mike Pero Mortgages changes
22 Mar 2021
Focus on commission disclosure
22 Mar 2021
Mike Pero recruits new advisers
20 Mar 2021
Investors could be bitten hard this year
19 Mar 2021
NZ shares rise as index funds rebalance
19 Mar 2021
James Greig to lead FMA monitoring of new regime
19 Mar 2021
Fidelity aims for sustainable commission structure
19 Mar 2021
Hunter Investment Management positioned for growth with new hire
19 Mar 2021
Long term rate time?; New mortgage lender; Loan Market hires
19 Mar 2021
Are long-term rates the best bet?
19 Mar 2021
New mortgage lender for developers
19 Mar 2021
Tenant’s hardship brings up legal issues
19 Mar 2021
New path forged: Alvarium and Pathfinder merge
18 Mar 2021
Investors ignore weak GDP data
18 Mar 2021
Alvarium bring two directors on board
18 Mar 2021
Fund opens housing development options
18 Mar 2021
Tenancy terminated after house empty for a year
18 Mar 2021
Disclosure warning as new regulations come into effect
18 Mar 2021
New hires at Loan Market
18 Mar 2021
The Kiwi Adviser Network launches; January lending boom
18 Mar 2021
The Kiwi Adviser Network launches
18 Mar 2021
Boom: 88 KiwiSaver funds invested in nukes
17 Mar 2021
SNAP: Five day rally ends
17 Mar 2021
Record lending in January: Reserve Bank data shows
17 Mar 2021
Hawkes Bay Financial Adviser Brad MacDonald joins Plus4
17 Mar 2021
Will LVRs have a significant impact?
17 Mar 2021
New adviser laws create opportunities
17 Mar 2021
FMA chief executive resigns
17 Mar 2021
Q&A: The Kiwi Adviser Network
16 Mar 2021
NZ shares rise for fifth day straight
16 Mar 2021
Meteoric market to continue until mid-year
16 Mar 2021
Better research wanted for privacy probe into landlords
16 Mar 2021
Harassment ends with substantial damages award
16 Mar 2021
Thoughts on the new regime
16 Mar 2021
Swings and roundabouts of new regime
15 Mar 2021
Shares surge on Infratil's $3b Tilt sale
15 Mar 2021
Shanks: What is next for financial advisers?
15 Mar 2021
Advisers welcome new regime
15 Mar 2021
FMA welcomes advisers to new regime
15 Mar 2021
Minister Clark welcomes FSLAA with nod of confidence to the industry
15 Mar 2021
March 15 — the new regime is here
15 Mar 2021
Regulation change to broaden and strengthen industry: Dale-Jones
14 Mar 2021
[The Wrap] Are you ready for the new world
13 Mar 2021
House prices and numbers sold soar
12 Mar 2021
US stimulus sign off sees NZ shares surge
12 Mar 2021
Select Wealth' parent company scores gold
12 Mar 2021
Banking on digital transformation – how Teams is reshaping financial services.
12 Mar 2021
Banking on digital transformation – how Teams is reshaping financial services.
12 Mar 2021
Housing confidence falling, rate hike expectations
12 Mar 2021
Is property market confidence falling?
12 Mar 2021
Title fight: FSCL vs Ombudsman drags on
11 Mar 2021
Travel stocks rally on Aussie reopening
11 Mar 2021
‘Spring cleaning on steroids’ for March 15
11 Mar 2021
Basecorp raises $250m and cuts rates
11 Mar 2021
AMP Capital sells global shares fund to Canadian firm
10 Mar 2021
Housing crisis needs building surge
10 Mar 2021
Is demand for investment property dwindling?
10 Mar 2021
NZ shares rise as bond yields ease
10 Mar 2021
Housing crisis needs building surge
10 Mar 2021
Basecorp eyes expansion with $250 million funding
10 Mar 2021
NZFSG excited by adviser channel growth
10 Mar 2021
NZFSG excited by adviser channel growth
10 Mar 2021
KiwiSaver funds bankroll community housing
09 Mar 2021
Shares climb on US fiscal stimulus
09 Mar 2021
Investor activity waning?
09 Mar 2021
Investor activity waning?
09 Mar 2021
More women needed in industry: NZ Super Fund boss
09 Mar 2021
Unlicensed advisers need a contingency plan: FMA
08 Mar 2021
Fidelity names its top advisers
08 Mar 2021
F&P Healthcare pulls NZX 50 lower
08 Mar 2021
Live Webinar with Kris Pedersen Mortgages
08 Mar 2021
Time to lock in long term rates?; Kainga Ora rate cuts
08 Mar 2021
Time to lock in long-term rates?
08 Mar 2021
Adviser learns her fate from FADC
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Latest News
Pie Funds enters adviser channel
3 min read
KiwiSaver members need more advice at retirement, panellists say
3 min read
Simon Papa: Access to advice - Is adviser conservatism the issue?
9 min read
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