Geoff Annuls weighed into the servicing debate a couple of days ago, and while a reasonable article, failed to cover a few pertinent points.

ASB's quarterly outlook for the New Zealand economic predicts "sunny skies ahead", with low rates until the second half of 2020 and a peak of just 2.75% in the next OCR cycle.

There appears to be deep divisions among members of the Tax Working Group, and its final report is likely to include dissenting decisions from members. 

Advisers need to be talking to clients about responsible investment options; rather than just putting the questions into the too hard basket.

We've been a little quiet with our weekly TMM newsletters so thought it was time to get them going again. Here's a wrap of last week's news and some thoughts on what's happening in the market.

ANZ is set to announce the date for the transfer of its OnePath insurance business to Cigna.

NZX Wealth Technologies has launched its custodial wrap platform with foundation client Craigs Investment Partners on board offering self-managed investment services.

If you think bank staff are being encouraged to push clients into investments and insurance that aren’t necessarily right for them, you’re probably correct.

Current low interest rates are likely to sustain house price growth in the near term, but rising rates from 2020 onwards will trigger a fall in the market, economists at Westpac have warned.

A new code of conduct for financial advisers will not be signed off this year.

Reserve Bank deputy governor Geoff Bascand says the central bank is assessing whether current LVR restrictions are appropriate, following a stabilisation in house prices and bank credit tightening.

If insurers do not ask for evidence from advisers that they have delivered the service expected to their clients, those insurance companies must take some of the blame for any poor outcomes, one product provider says.

The Reserve Bank has taken another step towards opening up a mortgage-backed securities market in New Zealand, launching a consultation over a new mortgage bond standard.