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January 2020
30 Jan 2020 Mortgage lending strong in December
30 Jan 2020 COMMENT: The truth about flexible workspaces
30 Jan 2020 FMA needs more money
30 Jan 2020 Wealthpoint questions efficiency of authorised bodies
29 Jan 2020 NZ shares narrowly miss regional rally
29 Jan 2020 Mortgage lending strong in December
29 Jan 2020 Australian giant in Augusta takeover bid
29 Jan 2020 How to grow your client base
29 Jan 2020 Plus4 adds another adviser
29 Jan 2020 Confidence in rental returns at new low
29 Jan 2020 Markets predict OCR to remain at 1%
29 Jan 2020 Commissioner: Pension age shouldn't increase
28 Jan 2020 Coronavirus hits tourism stocks again
28 Jan 2020 Six new faces at Mike Pero Mortgages
28 Jan 2020 EM outlook: Forget about trade, Chinese consumers are the key
28 Jan 2020 Why house price growth will continue
28 Jan 2020 Why house price growth will continue
28 Jan 2020 Why house price growth will continue
27 Jan 2020 Conduct bill will mean changes for advisers: MBIE
27 Jan 2020 Former mayor joins KiwiSaver scheme
27 Jan 2020 InvestNow considers build-your-own KiwiSaver scheme
27 Jan 2020 Looking outside the box
26 Jan 2020 Gold prices soar on back of tensions
25 Jan 2020 [The Wrap] Financial advice: mainly male drinkers ... really?
24 Jan 2020 Coronavirus ripples through markets driving shares down; utilities down
24 Jan 2020 BNZ targets investor market
24 Jan 2020 Getting heating right
24 Jan 2020 Kiwibank-BNZ takeover talk heats up; BNZ aims for investor market
24 Jan 2020 Kiwibank-BNZ takeover talk grows
24 Jan 2020 Weaker markets may make fees harder sell
23 Jan 2020 NZ shares edge higher as Chinese virus fears weigh
23 Jan 2020 Financial Advice NZ hits back at Consumer NZ commission claims
23 Jan 2020 Scrutiny sows 'seeds of doubt'
23 Jan 2020 Demand for rentals running hot
23 Jan 2020 FMA commissions active report
23 Jan 2020 How much have house prices grown in your region?; New hires at Pepper and Loan Market
23 Jan 2020 Two new hires at Loan Market
23 Jan 2020 Downside risks reduced
23 Jan 2020 A decade of property price growth
22 Jan 2020 NZX50 hits record as Asia recovers from virus fears
22 Jan 2020 Upping the ante on price growth
22 Jan 2020 Pepper hires new BDM
22 Jan 2020 Reserve Bank critical of life insurance
22 Jan 2020 Income protection sustainable or just more noise?
22 Jan 2020 Newpark sets up support team
22 Jan 2020 Newpark sets up support team
22 Jan 2020 Trade Me sells LifeDirect to adviser
22 Jan 2020 Govt moves to fix pension 'unfairness'
22 Jan 2020 NZ equity returns for the next decade?
21 Jan 2020 Resilient NZ market an attractive harbour for nervous investors
21 Jan 2020 Financial Advice NZ: Research unfair
21 Jan 2020 BlackRock coal move part of bigger shift
21 Jan 2020 Threat to assault ends problem tenancy
21 Jan 2020 Low equity premiums: unfair and dishonest?
21 Jan 2020 Banks criticised over low equity premiums
21 Jan 2020 5 trends to include in your advice service planning
21 Jan 2020 PAA: GST return delayed wind-up
20 Jan 2020 NZ shares fall as Gentrack paints grim earnings outlook
20 Jan 2020 [OPINION] Turbulent year ahead
20 Jan 2020 Conrad Funds Management gains $100 million funding line
20 Jan 2020 KiwiSaver and social responsibility
20 Jan 2020 CFML secures $100 million funding line from Westpac
20 Jan 2020 Female advisers put off by boozy networking
18 Jan 2020 David Whyte's 5 predictions for 2020
17 Jan 2020 NZ shares extend strong start to 2020 as blue chips gain
17 Jan 2020 Property market predictions
17 Jan 2020 Call for apartment law reform petition support
17 Jan 2020 The cost of getting it wrong
16 Jan 2020 Investors regain confidence in utilities
16 Jan 2020 Highest sales in December for three years
16 Jan 2020 New home equity release player coming
16 Jan 2020 New home equity release player; What happened to PAA's $2 mill?
16 Jan 2020 What's happened to the $2mill from PAA's holiday homes?
15 Jan 2020 Sharemarket hits record as investors eye US-China trade deal
15 Jan 2020 First profit forecast for Stewart's Retirement Income Group; Plus new products
14 Jan 2020 NZ shares join global rally as upcoming US-China trade buoys investors
14 Jan 2020 Time for banks to change servicing tests
14 Jan 2020 Advisers hope for servicing test changes in 2020
13 Jan 2020 What have eggs, baskets, advice and the 'missing middle' got in common?
13 Jan 2020 NZ shares follow soft Wall St lead
13 Jan 2020 Fisher Funds distribution head moves on
13 Jan 2020 Small banks on FAPs; Your thoughts on low-equity fees
13 Jan 2020 Evidence needed to support Tribunal claims
13 Jan 2020 Newpark hits 150 adviser milestone
13 Jan 2020 Licence applications still slow to roll in
10 Jan 2020 [The Wrap] Five predictions for 2020
10 Jan 2020 NZ blue-chips lead market higher
10 Jan 2020 Small banks stall on licensing
10 Jan 2020 Kōura: People see advice and KiwiSaver as distinct
09 Jan 2020 Heavyweights drag sharemarket down
09 Jan 2020 Partners growing while other insurers deal with issues
09 Jan 2020 Opportunities for the year ahead
09 Jan 2020 Proptech the future for commercial investment
09 Jan 2020 Change coming for KiwiSaver advice
08 Jan 2020 Iranian missiles bring market down; Burger Fuel serves last burger in Iraq
08 Jan 2020 Auckland housing market is back
08 Jan 2020 Letter helps adviser deflect complaint
08 Jan 2020 [COMMENT] Non-bank sector growth is an opportunity for advisers: Prospa
07 Jan 2020 Yield plays remain attractive to investors
07 Jan 2020 Nominations sought for MACs
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