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September 2020
24 Sep 2020 What the Reserve Bank's latest move means for housing
24 Sep 2020 Kiwibank to pay customers $5.2 million over home loan failings
24 Sep 2020 Cheap funding for banks imminent
24 Sep 2020 Movac fund secures Kiwi Invest backing
23 Sep 2020 Pushpay leads stock market higher
23 Sep 2020 Asteron mints new Head of Life role
23 Sep 2020 RBNZ bank funding programme imminent: reaction
23 Sep 2020 OCR decision revealed
23 Sep 2020 New renters' guide for tenants
23 Sep 2020 Kiwibank sees lending rise; OCR decision later
23 Sep 2020 Day of reckoning could be messy: Zollner
23 Sep 2020 Kiwibank sees lending rise: KPMG
22 Sep 2020 NZ shares buck global sell-off
22 Sep 2020 Growth halts for Capital rents
22 Sep 2020 Greer steps down as Loan Market CEO; ICBC rate cut
22 Sep 2020 Greer steps down as Loan Market NZ CEO
22 Sep 2020 Time is running out for 2000 unregistered advisers
21 Sep 2020 Profit taking pulls shares down
21 Sep 2020 Call for rent caps after freeze ends
21 Sep 2020 Reserve Bank to talk up negative OCR: preview survey
21 Sep 2020 RBNZ to talk up negative OCR: preview survey
21 Sep 2020 Insurance Act Review forges on
21 Sep 2020 Ratings agency welcomes climate risk reporting
19 Sep 2020 ESG themes from company reporting season
18 Sep 2020 Strong kiwi weighs down shares
18 Sep 2020 High demand keeps pushing prices up
18 Sep 2020 Heartland reverse mortgage book grows by 10%
17 Sep 2020 FMA details Covid-19 response
17 Sep 2020 Global markets dip as US Fed disappoints
17 Sep 2020 Kiwibank about to enter the adviser market
17 Sep 2020 Specialist lender appoints new CFO
17 Sep 2020 Kiwibank just over a month away from entering adviser market
17 Sep 2020 Heartland reverse mortgage book grows 10%
17 Sep 2020 Mortgage Express hires new Otago adviser
17 Sep 2020 Stewart Financial Group to pay $2k over abandoned ERA bid
16 Sep 2020 Less gloomy outlook boosts kiwi; NZ shares rise
16 Sep 2020 Former AMP Capital man joins Salt
16 Sep 2020 Southern Cross posts surplus after returning $50m to members
16 Sep 2020 The pros and cons of ‘standard’ in compliance
16 Sep 2020 Resimac in $300m mortgage offering
16 Sep 2020 Resimac in $300m mortgage offering
16 Sep 2020 COMMENT: Never a right time to invest – why buyers need to act now
16 Sep 2020 Nikko reveals new strategy for income investors
15 Sep 2020 Adviser complaints increase, IFSO says
15 Sep 2020 Sharemarket misses regional rally; NZX offline - again
15 Sep 2020 New Zealand to require financial sector to report on climate risk
15 Sep 2020 Asteron Life: One fifth of SMEs don’t know where to find an adviser
15 Sep 2020 Cigna announces multi-benefit discount on new policies
15 Sep 2020 Ex-partner’s behaviour not a tenancy breach
15 Sep 2020 Are branch customers getting preferential treatment?
15 Sep 2020 Responsible investors ahead of the game
15 Sep 2020 Are branch customers getting preferential treatment?
15 Sep 2020 Reporting season and forecasting a waste of time
15 Sep 2020 Kiwi Invest reveal new asset allocation strategist
14 Sep 2020 NZ shares rise as THL bolsters sentiment
14 Sep 2020 Online innovation brings huge strides forward in digital adviser technology
14 Sep 2020 Expect house prices to keep rising - Westpac
14 Sep 2020 Turnaround times: how do the banks compare?
14 Sep 2020 Turnaround times: how do the banks compare?
14 Sep 2020 [GRTV] Boyle on KiwiSaver changes
14 Sep 2020 Eat My Lunch founder joins Simplicity
14 Sep 2020 MMC successfully reach for the cloud
12 Sep 2020 What the heck is a consumer data right?
11 Sep 2020 Profit-taking pulls shares lower
11 Sep 2020 KiwiSaver - After the Covid downturn
11 Sep 2020 Covid be damned – the market is booming
11 Sep 2020 Turnaround time turmoil
11 Sep 2020 Turnaround time turmoil
11 Sep 2020 Bond specialist raises concerns over recent FMA guidelines
10 Sep 2020 NZ shares bounce with Wall St
10 Sep 2020 Tahito appoints AIA chief strategy officer as chair
10 Sep 2020 Real estate price-fixing saga ends with big penalty
10 Sep 2020 ANZ redeploys staff to broker applications
10 Sep 2020 Managers have abdicated responsibility: Kiwi Invest
10 Sep 2020 ANZ redeploys staff to broker applications
09 Sep 2020 Stock market selloff returns from holiday
09 Sep 2020 Southern Cross to bring mental health programme to kiwi kids
09 Sep 2020 AMP Capital appoints new fixed income analyst
09 Sep 2020 Interest rates, not bargains, driving investors
09 Sep 2020 Interest rates not bargains driving investors
09 Sep 2020 IRD offers guidance on cryptoassets
08 Sep 2020 Sky TV leads gains for second day
08 Sep 2020 Struggling to secure finance?
08 Sep 2020 Asteron Life goes live with new mental health support service
08 Sep 2020 COMMENT: Furore over Healthy Homes story misleading
08 Sep 2020 Economy faring better than expected; Where are properties selling above CVs?
08 Sep 2020 Asteron Life expands Best Doctors offer
08 Sep 2020 Should you stay, or should you go?
08 Sep 2020 Firms will need to 'consolidate and grow'
07 Sep 2020 Shares rise in quiet trading
07 Sep 2020 Economy performing better-than-expected: ASB
07 Sep 2020 Westpac not budging on investor LVR
07 Sep 2020 Westpac not budging on investor LVR
07 Sep 2020 FMA offers investors insight into bonds
04 Sep 2020 Sharpest drop on NZX in months
04 Sep 2020 Where are properties selling most above CVs?
04 Sep 2020 Non-bank criteria changing during pandemic; Tip for landlords
04 Sep 2020 Generating income in a negative rates world
04 Sep 2020 Responsible investment's gender gap
03 Sep 2020 Entertainment stocks lead market rally
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