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October 2019
31 Oct 2019 Peter Lee's planning firm grows
31 Oct 2019 As confusion reigns and opinions are strong, is it all a bit much?
31 Oct 2019 Boiling Hot Property
31 Oct 2019 Westpac predicts OCR will be put on hold
31 Oct 2019 Fund managers may have climate-change duty of care
31 Oct 2019 Adviser group reaches data 'milestone'
31 Oct 2019 Demand challenges for commercial sector
30 Oct 2019 Profit drop for nib
30 Oct 2019 Shares dip; Kiwi Property capital raising hogs the headlines; Plenty to look forward to tomorrow
30 Oct 2019 Group FAPs could limit choice of suppliers: Newpark
30 Oct 2019 Craigs adds to its KiwiSaver, Super and Savings team
30 Oct 2019 ASB predicts home loan outlook
30 Oct 2019 FMA reports on 'watershed' year
30 Oct 2019 Support for advisers 'vital'
30 Oct 2019 No one fast enough: Shanks
30 Oct 2019 Investors prepared to switch for ethical funds, report shows
29 Oct 2019 NZ shares edge higher on growing hopes for US-China trade
29 Oct 2019 Mortgage rates fall by 1.2% in 18 months: ASB
29 Oct 2019 Smaller properties, better rent growth
29 Oct 2019 FMA gets litigation fund boost
29 Oct 2019 Pepper's official NZ launch; Conference preview
29 Oct 2019 ANZ moves to defeat Ross Asset class action early
29 Oct 2019 How advisers can help SMEs with their seasonal cash flow issues
29 Oct 2019 Should Meridian call Rio’s bluff?
29 Oct 2019 Increase Govt KiwiSaver contribution: Commission
27 Oct 2019 Will KiwiSavers be denied control of their savings?
25 Oct 2019 NZX50 stumbles over smelter scare
25 Oct 2019 Kiwis at risk of losing in passive investing “bubble”
25 Oct 2019 Kiwibank rate cut; Strong September loan volumes
25 Oct 2019 Licensing fee increase
24 Oct 2019 TMM Conference sneak preview
24 Oct 2019 NZ shares fall as yield stocks face selling
24 Oct 2019 Strong September for home lending
24 Oct 2019 AMP reports fall in NZ AUM
24 Oct 2019 Transitional licensing delayed
24 Oct 2019 Trevor Slater rejoins FDRS
24 Oct 2019 LVR loosening likely?
24 Oct 2019 New online CPD course for advisers launches
23 Oct 2019 Plus4 adds adviser in Wellington
23 Oct 2019 Investors dump power companies on smelter scare
23 Oct 2019 Pepper salts up New Zealand market
23 Oct 2019 LVR loosening likely - ANZ
23 Oct 2019 New income manager at Milford
23 Oct 2019 Resimac speeds up applications; Tribunal case highlights meth danger
23 Oct 2019 Resimac speeds up application process
23 Oct 2019 Could this be the next big tech innovation?
23 Oct 2019 Passive managers reject criticism [+ WHITE PAPER]
22 Oct 2019 Fidelity: Profit down as claims up
22 Oct 2019 NZ shares follow Asia higher; SkyCity falls as fire rages
22 Oct 2019 TMM Conference preview; Peters criticises Kiwibank
22 Oct 2019 The importance of luck (and recognising it)
22 Oct 2019 Retirement Commissioner: Consider KiwiSpend
21 Oct 2019 NZ shares edge lower as global ructions weigh; Tourism Holdings sinks
21 Oct 2019 Strong meth suspicions call for testing
21 Oct 2019 ANZ outlines stance on FAPs; SBS rate cut and rebrand
21 Oct 2019 ANZ reveals stance on FAPs
21 Oct 2019 What is the advice risk?
21 Oct 2019 Wealthpoint expands head office team
21 Oct 2019 Winston Peters calls for Kiwibank overhaul
21 Oct 2019 Mercer questions sustainability of NZ pension scheme
21 Oct 2019 SBS targets big banks with new 2 year rate
20 Oct 2019 Advisers should pass level five with few problems: Hill
20 Oct 2019 Another KiwiSaver scheme cuts fees
19 Oct 2019 Edmonds adds a touch of salt to team
19 Oct 2019 [The Wrap] Millennial investors, KiwiSaver and property investment
19 Oct 2019 Blue-chip stocks Meridian, A2 lead market lower
18 Oct 2019 Surge in rental demand in Palmerston North
18 Oct 2019 ASB latest to cut rates
18 Oct 2019 Advisers welcome Aegis sale
17 Oct 2019 NZ shares fall as Pushpay follows Aussie software firms lower
17 Oct 2019 COMMENT: Sign of changing times
17 Oct 2019 BNZ cuts rates; Mortgage Lab makes licensing call
17 Oct 2019 Advisers not dropping out, Financial Advice NZ says
16 Oct 2019 Fourth day of gains; Restaurant Brands climbs on upbeat outlook
16 Oct 2019 Mortgage Lab and Kepa plan for new regime
16 Oct 2019 Westpac rate cuts; housing market to impact OCR?
16 Oct 2019 New advice fee model for KiwiSaver
15 Oct 2019 KiwiSaver report skipped advice component
15 Oct 2019 NZ shares rise; F&P Healthcare gains for 3rd day
15 Oct 2019 House price rally could reduce odds of OCR cut: Westpac
15 Oct 2019 Return to market form
15 Oct 2019 ANZ in new rate cuts; KiwiSaver withdrawals for investors?
15 Oct 2019 Legislation overload 'could have unintended consequences'
15 Oct 2019 Allow KiwiSaver withdrawals for investment properties
14 Oct 2019 Investment manager appointed at Midlands
14 Oct 2019 Sky soars on NZ Rugby deal; Market up overall
14 Oct 2019 Price wars continue with ANZ rate cuts
14 Oct 2019 Prefab changes don’t address finance issue
14 Oct 2019 Lifetime advisers switch to salaries
14 Oct 2019 Couillault returns to funds business
13 Oct 2019 BDMs put through level five to understand adviser experience
13 Oct 2019 [Obituary] Camelot founder farewelled
13 Oct 2019 Three themes a top fund manager is watching closely
11 Oct 2019 NZ shares rise; Sky TV recovers on rugby rights rumour
11 Oct 2019 Lifetime puts all advisers into salaries
11 Oct 2019 New ring-fencing rules in play
11 Oct 2019 Collaboration key to urban development
11 Oct 2019 Property investing with $100
11 Oct 2019 Govt seeks feedback on disclosure rules
10 Oct 2019 NZ shares fall; Sky routed on lost cricket rights
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