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July 2020
29 Jul 2020 Mortgage holidays set for extension
29 Jul 2020 Former Newpark CEO joins life company
28 Jul 2020 Pathfinder extends access to Ethical Trans-Tasman Fund
28 Jul 2020 NZ shares dip as investors await US earnings
28 Jul 2020 Keeping our eyes on the road ahead
28 Jul 2020 Opposition to RTA overhaul rages
28 Jul 2020 Negative OCR in April 2021: Westpac
28 Jul 2020 FMA upset at KiwiSaver report leak
27 Jul 2020 Insurer nib backs Ronald McDonald House with $20k investment
27 Jul 2020 Gold pushed to a record, while NZ shares fall
27 Jul 2020 Negative OCR in April 2021: Westpac
27 Jul 2020 Crunch time for tenancy law reforms
27 Jul 2020 Some sense with regulation
27 Jul 2020 COMMENT: Extend mortgage holidays
27 Jul 2020 The ultimate client relationship relies on…
27 Jul 2020 NZ Funds appoints head of risk
27 Jul 2020 Home lending jumps in June
27 Jul 2020 Castle Point fund washes up on KiwiSaver platform
25 Jul 2020 Trusted Adviser mark achievable for all members over time: Shanks
24 Jul 2020 [The Wrap] Promoting the value of advice
24 Jul 2020 US-China tensions weigh on global outlook pushing NZ shares lower
24 Jul 2020 Home lending jumps in June
24 Jul 2020 New urban planning rules for Councils
24 Jul 2020 Turnaround times deteriorate: survey
24 Jul 2020 Zenith New Zealand research on hold due to Covid-19
23 Jul 2020 Another down day on the market; Oceania reports weak earnings
23 Jul 2020 Turnaround times deteriorate: survey
23 Jul 2020 Demand is keeping prices resilient
23 Jul 2020 Should we be warning consumers about IP prices?
23 Jul 2020 Co-operative Bank rate cuts
23 Jul 2020 Advisers needed by potential clients, FMA research shows
22 Jul 2020 A2 and F&P Healthcare pull the market down
22 Jul 2020 OCR hold call straightforward; House prices to drop 6%
22 Jul 2020 OCR hold call is straightforward: BNZ
22 Jul 2020 A story of value v growth
22 Jul 2020 Non-disclosure case divides advice industry
21 Jul 2020 NZ shares surge on optimism over tech sector, covid vaccine
21 Jul 2020 Covid crisis will impact on market - in time
21 Jul 2020 HSBC drops rate to new record-low; ASB makes cuts
21 Jul 2020 Adviser stops scam: Saves client $60,000
20 Jul 2020 NZ shares fall as investors worry about virus spread
20 Jul 2020 HSBC home loan drops to new record-low
20 Jul 2020 Partner’s residence breached tenancy agreement
20 Jul 2020 Fidelity Life appoints new head of adviser distribution
20 Jul 2020 ASB eases servicing criteria; Kiwibank slashes rates
20 Jul 2020 ASB eases servicing criteria
20 Jul 2020 Delays to pension fix
19 Jul 2020 New Zealand equities managers outperformed in market recovery: MJW
17 Jul 2020 NZ shares rise as investors look for safety
17 Jul 2020 Servicing tests hinder home loan market
17 Jul 2020 Servicing tests hinder home loan market; Advisers welcome ASB move
17 Jul 2020 Servicing tests hinder home loan market
16 Jul 2020 Facial recognition tool launched for online AML checks
16 Jul 2020 Super Fund, AML rules on National Party's hit list
16 Jul 2020 Market gives back all recent gains
16 Jul 2020 Mortgage demand picked to decline
16 Jul 2020 ASB moves to single fixed rate card
16 Jul 2020 ASB cuts rates for high LVR borrowers
16 Jul 2020 Partners Life market changes
16 Jul 2020 Heartland eyes relaunch of digital home loan
16 Jul 2020 Retirement savings providers tipped to shine
15 Jul 2020 NZ shares rise as vaccine trial boosts global sentiment
15 Jul 2020 Heartland eyes relaunch of digital home loan
15 Jul 2020 Cigna appoints chief risk officer
15 Jul 2020 General Capital profits below expectations; Property market bounce
15 Jul 2020 Core portfolio for just 27 and a half basis points
14 Jul 2020 Investor demand for reliable dividends wins the day
14 Jul 2020 Profits below expectations at General Finance parent
14 Jul 2020 Sales, prices surge up - defying expectations
14 Jul 2020 TMM digital edition: Succession planning special; Kiwibank OCR warning
14 Jul 2020 Stimulus trumps rise in infections
14 Jul 2020 Petition calls for end to 'tax unfairness'
13 Jul 2020 NZ shares rise as optimism over covid drug buoys Asia
13 Jul 2020 Community transmission could force negative OCR: Kiwibank
13 Jul 2020 COMMENT: Disappointment with the RTA Bill
13 Jul 2020 New digital edition of TMM out now; Disappointment at tenancy reforms
13 Jul 2020 [OUT NOW] ASSET Magazine: What CoFI means for advisers
12 Jul 2020 NZX outperforms ASX in eight of 10 years
12 Jul 2020 The latest investment theme
10 Jul 2020 Energy stocks drain market for second consecutive day
10 Jul 2020 [The Wrap] Dealer group land like a game of Risk
10 Jul 2020 Investors expect more information in Covid environment
10 Jul 2020 Select Committee green lights tenancy law reforms
09 Jul 2020 AMP goes carbon neutral
09 Jul 2020 Smelter closure pulls plug on energy stocks
09 Jul 2020 Augusta Capital takeover bid now unconditional
09 Jul 2020 Harking back to the old days
09 Jul 2020 Why bank changes are good for advisers
09 Jul 2020 Investors not rushing to sell
09 Jul 2020 What tune will property play post Covid-19 lockdown?
08 Jul 2020 Health insurers would struggle to cover transgender issues: Styles
08 Jul 2020 NZ shares fall as Melbourne lockdown spooks investors
08 Jul 2020 Another round of rate cuts. ANZ takes the lead
08 Jul 2020 Are you ready for the March 2021 deadline?
08 Jul 2020 Why bank changes are good for advisers
08 Jul 2020 What I'm seeing at the moment
08 Jul 2020 Values settle into new normal
07 Jul 2020 Investors bet on further central bank stimulus and low interest rates
07 Jul 2020 COMMENT: A call to arms
07 Jul 2020 Westpac loan process gets the thumbs-up
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