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March 2020
23 Mar 2020 Newpark makes U-turn on FAP status
23 Mar 2020 NZ shares plunge as country prepares for shutdown
23 Mar 2020 Freeze on rent rises introduced - temporarily
23 Mar 2020 Westpac latest to cut fixed rates
23 Mar 2020 nib: Significant impact coming from Covid-19
23 Mar 2020 Put RTA reform proposals on ice
23 Mar 2020 BNZ slashes 18 month rate to 3.05%
23 Mar 2020 Partners Life supports rainbow community
22 Mar 2020 Regulation slowing: Is FSLAA next?
22 Mar 2020 [GRTV] Investment themes for this decade
21 Mar 2020 Harbour's regional roadshow cancelled
20 Mar 2020 Prominent insurance lawyer dies
20 Mar 2020 [The Wrap] The end of dealer groups as we know it
20 Mar 2020 New Zealand shares joins Asia rally; Air NZ plummets
20 Mar 2020 BNZ enters price war with 3.05% fixed mortgage
20 Mar 2020 SBS and HSBC latest to cut floating rates
20 Mar 2020 How to address tenant job loss in the age of coronavirus
20 Mar 2020 Kiwibank one year cut; key factors to consider
20 Mar 2020 Housing market: 6 factors to consider
20 Mar 2020 How this could be different to the GFC
20 Mar 2020 FMA: Tell us what you need
19 Mar 2020 Fidelity Life makes Covid-19 changes
19 Mar 2020 Stocks hit record lows as market suffers
19 Mar 2020 Partners Life to pay override commission to advisers
19 Mar 2020 Kiwibank cuts one year fixed rate
19 Mar 2020 Great Scott! Newpark has a new leader
19 Mar 2020 RBNZ can't say if or when it may approve AMP Life sale
19 Mar 2020 ANZ moves first with record-low fixed rate
19 Mar 2020 Contactless Advice service amid coronavirus outbreak
19 Mar 2020 Financial advice conference canned
19 Mar 2020 Adviser clients largely calm through Covid storm
18 Mar 2020 Reserve Bank holds back review of Insurance Act
18 Mar 2020 A much better day for NZ shares
18 Mar 2020 ANZ launches record-low major bank rate
18 Mar 2020 Battle against RTA reforms continues
18 Mar 2020 House prices to fall for six months; BNZ, Sovereign floating rate cuts
18 Mar 2020 House prices to fall for six months: ASB
18 Mar 2020 Negative news abounds; but things will get better
17 Mar 2020 New Zealand shares ease as govt unveils $12.1b crutch for business
17 Mar 2020 ASB slashes house price forecasts
17 Mar 2020 More floating rate cuts, but what about fixed rates?
17 Mar 2020 Banks weigh up fixed rate cuts
17 Mar 2020 Passive funds get time to shine: Kernel
16 Mar 2020 Tourism stocks plunge as border effectively closed
16 Mar 2020 What coronavirus means for property investors
16 Mar 2020 Partners puts hold on redundancy cover
16 Mar 2020 Rates fall after emergency OCR cut; reaction from advisers, economists
16 Mar 2020 Banks pass on floating rate cuts after OCR decision
16 Mar 2020 OCR cut: advisers predict slowdown
16 Mar 2020 RBNZ delays new capital rules
16 Mar 2020 Emergency OCR cut to 0.25%
16 Mar 2020 Emergency OCR cut: economists give their views
16 Mar 2020 Emergency OCR cut to 0.25%
13 Mar 2020 [The Wrap] Random thoughts on an indiscriminate virus
13 Mar 2020 Bernie jets into Newpark role
13 Mar 2020 NZX50 recovers from horror open in volatile trading
13 Mar 2020 New loan to boost energy-efficient housing
13 Mar 2020 Newpark loses second CEO
13 Mar 2020 Groups apply for Transitional Licensing; ASB and Heretaunga rate changes
13 Mar 2020 Syndicates take big share of commercial purchases
12 Mar 2020 Gunn shoots off to new role
12 Mar 2020 AIA receives Gender Tick accreditation
12 Mar 2020 [GRTV] Trustees face massive changes; but not a lot of time to prepare
12 Mar 2020 Trump travel-ban drives NZX50 to nine-month low
12 Mar 2020 Groups apply for transitional licensing
12 Mar 2020 Financial adviser Barry Kloogh pleads guilty
12 Mar 2020 Housing market powers on – for now
12 Mar 2020 Jeff Royle targets industry leavers
12 Mar 2020 Affordability under pressure - ASB
12 Mar 2020 More career progression likely in new advice world: Shanks
11 Mar 2020 Stock rally stalls as US virus response disappoints
11 Mar 2020 Jeff Royle targets industry leavers
11 Mar 2020 Get on top of boarding house rules
11 Mar 2020 BNZ slashes long-term rates; ASB predicts mortgage rate cuts will be minor
11 Mar 2020 First grants made with holiday homes money
10 Mar 2020 NZ shares recover in modest decline as cooler heads prevail
10 Mar 2020 National plans to ditch rental regulations
10 Mar 2020 Mortgage rate drop will be minor: ASB
09 Mar 2020 Woman 'forgotten' during advice process
09 Mar 2020 NZX50 slumps 3% as investors flee for safe havens
09 Mar 2020 National would ditch proposed rental regulations
09 Mar 2020 Will mortgage rates fall much further?
09 Mar 2020 Property market may slow sharply
09 Mar 2020 Property market may slow sharply: Westpac
09 Mar 2020 MMC buys into Aust firm
09 Mar 2020 [GRTV] Investing's difficult at the moment top manager says
09 Mar 2020 Is your KiwiSaver manager diversified?
09 Mar 2020 Adviser should have stopped relationship scam, complaint says
08 Mar 2020 Kiwis shun professional advice: Report
07 Mar 2020 [The Wrap] Many advisers putting their businesses at risk
07 Mar 2020 UPDATED: Newpark loses second CEO
06 Mar 2020 NZ shares fall; virus fears heighten volatility
06 Mar 2020 Westpac makes big cuts
06 Mar 2020 Kepa appoints professional standards role
06 Mar 2020 Failure to lodge bonds earns major penalty
06 Mar 2020 Crunching the numbers
06 Mar 2020 New look Fidelity Life
06 Mar 2020 Will mortgage rates fall much further?
05 Mar 2020 [GRTV] Bevan Graham
05 Mar 2020 [GRTV] Henry Stokes
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