hey

a1

FMA launches consultation on KiwiSaver fees methodology

12 Apr 17 - The FMA is consulting on how those fees should be calculated and disclosed. Deadline for submissions is 5 May 2017.

Read more >
a1

FMA Consultation released: Improving financial information in an equity PDS

12 Apr 17 - The FMA intends to issue guidance  for equity issuers on how to disclose financial information in product disclosure statements (PDS) in a clear, concise and effective manner.  It says the guidance will be used as a key reference point for its work and updated as necessary.

Read more >
a1

IMF finds over-indexing threat to global market stability

10 Apr 17 - InvestmentNewsNZ: Passive investing could pose a threat to global financial stability if the sector’s growth continues unabated, according to a new International Monetary Fund (IMF) study.

Read more >
a1

Local financial services companies overestimating the impact of start-ups

10 Apr 17 - Interest.co.nz: Financial advisory and auditing firm PwC says New Zealand financial services firms are too focused on start-ups and not focused enough on themselves and existing competitors when it comes to potential for technological disruption. 

Read more >
a1

Reserve Bank updates its assessment of money laundering

10 Apr 17 - Press release: The Reserve Bank has published an updated assessment of the money laundering and terrorism financing risks that face the financial sector.

Read more >
a1

Treasury Social Bonds Information Release

7 Apr 17 - Treasury: "Exploring new ways of delivering social services can help the government make effective use of spending on social services. Among the initiatives being investigated are social bonds"

Read more >
a1

Comparative Approaches to Genetic Discrimination

5 Apr 17 - Trends in genetics: Genetic discrimination (GD) is one of the most pervasive issues associated with genetic research and its large-scale implementation. An increasing number of countries have adopted public policies to address this issue. (Academic research)

Read more >
a1

FMA's Colmar Brunton research

5 Apr 17 - FMA: The FMA commissioned Colmar Brunton to survey New Zealanders aged between 60 and 74 years, to find out their experiences of retirement and how information or advice has helped them manage their retirement savings. 

Read more >
a1

RBNZ: Input Sought on Insurer Law Review

31 Mar 17 - The Reserve Bank of New Zealand has  published an issues paper for its review of the Insurance (Prudential Supervision) Act 2010 (IPSA).

Read more >
a1

Mispricing of Volatility in a Post QE World

31 Mar 17 - NikkoAM: Low levels of market volatility in an environment characterised with high political and policy risk appears paradoxical. Nowhere is this more evident than in the US. As shown in Chart 1 the CBOE SPX Volatility Index is near decade lows while the EIU political risk index for the US is near decade highs. The former is commonly known as the VIX index and is a measure of market implied pricing of equity market risk across companies in the S&P 500 index, says Tanuj Dutt. 

Read more >
a1

Forum: Retirement Policy in an Age of Uncertainty

31 Mar 17 - There is much concern here and abroad about what the future holds for retirement policy. Brexit and the Trump election have profound implications for what is happening in the Ireland, England and the US. Australia has its own set of uncertainties and is in the midst of farreaching reform. 

Read more >
a1

FMA seeks tighter disclosure of non-GAAP measures

29 Mar 17 - NBR: The Financial Markets Authority has proposed an update to its guidance for companies who use financial information that doesn't follow generally accepted international rules after a survey found three-quarters of them emphasised numbers that made profits look bigger.

Read more >
a1

Responsible Investing: implications for everyone in financial markets

27 Mar 17 - Goodreturns: The essence of responsible investing (RI) is not its focus on environmental, social and governance issues (ESG) – these get the headlines but are about implementation.  The essence of RI is simply to change investor and corporate horizons from the short-term to the long-term.  RI is about shifting the focus from maximising near term returns to generating long-term sustainable returns. 

Read more >
a1

Who Is Buying Bond ETFs? Why Are They Buying Them?

24 Mar 17 - Morningstar: This article explores a few notable use cases, and it will also show that performance is not always the most critical factor that investors consider when selecting fixed-income ETFs. 

Read more >
a1

U.K. should increase retirement age faster, new report recommends

24 Mar 17 - A faster increase in the state pension age, an end to guaranteed increases of pension benefits and a midlife check to help people take stock of their work, health and retirement have been recommended in a final report reviewing the U.K. state pension age.

Read more >
a1

Govt tells KiwiSaver providers to act quickly on weapons' investments

24 Mar 17 - NZ Herald: The government won't put a deadline on when it expects KiwiSaver providers to exit investments in banned weapons' makers instead insisting they should act as "quickly as possible."

Read more >
a1

Active Bond Funds Holding Their Own

22 Mar 17 - The latest update to the Morningstar active/passive barometer reveals that actively managed bond funds are much more likely to beat their benchmarks than equity funds. 

Read more >
a1

Warren Buffett again backs Vanguard ETF

15 Mar 17 - Warren Buffett once again extolled the virtues of passive funds in his recent Berkshire Hathaway shareholder letter and reiterated his recommendation of Vanguard 500 Index as his preferred vehicle.

Read more >
a1

Catching up needed for bank regulation

15 Mar 17 - Interest.co.nz: Martien Lubberink says NZ has some catching up to do from a bank regulatory capital perspective as the RBNZ embarks on a review.

Read more >
a1

Shoot first, ask questions later

13 Mar 17 - Morningstar: Macro-driven oscillations and violent price moves remain the order of the day in equity markets and just about every other market. However, the basic questions on financial system stability remain the same.

Read more >
a1

Treasury releases NZ Super Cabinet paper

13 Mar 17 - The Treasury has released documents related to the proposed changes to the age of entitlement and the residency requirements for New Zealand Superannuation.

Read more >
a1

Warminger decision "useful clarification of a difficult law"

10 Mar 17 - Chapman Tripp: The judgment is of significant interest to participants in the New Zealand market, both in the examination of the notoriously elusive legal elements that make up this prohibition and in the Court's treatment of the facts underlying the two alleged breaches that were upheld and the eight that were not.

Read more >
a1

The real cost of the rise of passive management

6 Mar 17 - InvestmentNewsNZ: The rise of passive management is one of the greatest and probably most significant trends in asset management in recent years. The case for passive investing is well known and is hard to refute. However, there are hidden costs. Not just for investors, but for whole economies too.

Read more >
a1

Pensions and Other Big Investors Increasingly Turn to ETFs

3 Mar 17 - Instutional Investor: Exchange-traded funds, like their traditional mutual fund cousins, were originally targeted at mainstream investors as an easy way to get exposure to segments of the stock and bond markets. Now large investors, such as pension funds and sovereign wealth funds, are increasingly turning to ETFs to help manage their liquidity concerns.

Read more >
a1

Do You Want Currency Risk in Your Bond Fund?

3 Mar 17 - Morningstar For the five years ended Jan. 31, 2017, the unhedged Bloomberg Barclays Global Aggregate Bond Index--which has sizable exposures to the euro and Japanese yen, along with a smattering of other currencies--delivered a paltry annualized gain of just 0.1%, much less than the 3.3% produced by the index’s U.S. dollar-hedged version.

Read more >
a1

Asia Credit - A New Major Global Asset Class

2 Mar 17 - Nikkoam: Asia’s Credit market has come a long way since the Asian Financial Crisis of 1998. The total market has grown to approximately $693b ($549b is High Grade, $144 High Yield) and its stability is also remarkable; indeed, there has never been a default in the Asia High Grade bond market, says Jian Wei Loh, portfolio manager.

Read more >
a1

A mounting case for being sceptical of official economic data

2 Mar 17 - Interest.co.nz: Rodney Dickens thinks underfunding of Statistics NZ is bringing a higher level of uncertainty to their releases, more revisions, and more difficulty in using them for policy making.

Read more >
a1

New mathematical model could stop future financial crashes

27 Feb 17 - Massey University’s Professor Emeritus Graeme Wake and Professor Jeong-Hoon Kim from Yonsei University’s in South Korea have revisited the Black-Scholes model and re-formulated it to better cope with today’s markets. 

Read more >
a1

Active management mostly still fit-for-purpose

27 Feb 17 - InvestmentnewsNZ: Active management continues to be a good bet in the NZ equities market but the odds narrowed in recent years, a new Mercer report reveals.

Read more >
a1

Green paper warns on UK pensions regulation

24 Feb 17 - Financial Times: The UK government has resisted calls to force companies to obtain clearance from the pensions regulator before doing corporate deals, as it unveiled proposals to sustain the £1.5tn final salary pensions sector.

Read more >
a1

Government strives to clean up FSPR

22 Feb 17 - Interest.co.nz: The Government is considering making companies include detail of who their supervisor is under the Anti-Money Laundering and Countering Financing of Terrorism Act (AML/CFT Act) as it strives to clean up the Financial Service Providers Register (FSPR).

Read more >
a1

Financial Markets Authority publishes first Conduct Outcomes Report

22 Feb 17 - The FMA's Conduct Outcomes Report 2016 highlights the key issues and actions from the FMA’s enforcement, supervision and preventative activities for the financial year July 2015 to June 2016.

Read more >
a1

NZ Super Fund performance report for January 2017

22 Feb 17 - The New Zealand Superannuation Fund has released its performance and portfolio report for January 2017. Since inception the Guardians have added $16.5 billion to the Fund, compared to the Treasury Bill return.

Read more >
a1

Treasury releases briefing papers to incoming Ministers

20 Feb 17 - Treasury: The Treasury has released its briefing to the incoming Minister of Finance together with related briefing documents for incoming Ministers.

Read more >
a1

FSC Breakfast Leadership series 2017

17 Feb 17 - Women in Super, in association with Workplace Savings and the Financial Services Council, are delighted to bring you the first event of our 2017 Breakfast Leadership Series.

Read more >
a1

FMA updates Strategic Risk Outlook

17 Feb 17 - FMA chief executive Rob Everett has released the latest update to the FMA's seven strategic priorities.  He says while they remain consistent there have been developments in the underlying risks in the market and innovations in the way financial services operate. 

Read more >
a1

Filtering the fintech hype

13 Feb 17 - InvestmentNewsNZ: #Fintech, #WealthTech, #InsureTech, #DigitalMortgages, #P2PLending, #Crowdfunding, #Cryptocurrencies and so on. The list of buzzwords that dominate the landscape of tech innovation in financial services grows by the day (and yes, they all have to come with a hashtag). But so what?

Read more >
a1

An aging global population and its economic implications

13 Feb 17 - Global Risk Insights: Nations will have to make many changes or face slower economic growth and increased social costs to deal with aging populations.A phenomenon deeply troubling economists and policymakers is the aging global population. 

Read more >
a1

Academic research vs practice

10 Feb 17 - Morningstar: The returns of factor investment strategies often look more impressive in academia than in practice.Often ideas don't work as well in practice as theory would suggest, says Alex Bryan

Read more >
a1

Aussie super and death benefits

10 Feb 17 - Lexology: It is clear that from 1 July 2017, the new Australian Super rules will have a number of implications on the way superannuation death benefits can be distributed to beneficiaries. 

Read more >
a1

Indexing, Vanguard Drove Global Fund Flows

8 Feb 17 - Morningstar: While the Vanguard growth story has been ongoing for some years, the behemoth provider of (mostly) passive open-end funds and exchange-traded funds outclassed rivals in an unprecedented manner in 2016.

Read more >
a1

Timetric: Non-Life Insurance Key Trends

8 Feb 17 - Timetric's 'Non-Life Insurance in New Zealand Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the New Zealand non-life insurance segment, and a comparison of the New Zealand insurance industry with its regional counterparts. Yahoo.

Read more >
a1

NZIER’s Shadow Board recommendations

8 Feb 17 - NZIER’s Monetary Policy Shadow Board recommends the Reserve Bank keeps the Official Cash rate on hold this Thursday at 1.75 percent. While the Shadow Board was overwhelmingly in favour of leaving the OCR unchanged for now, it has shifted to a tightening bias.

Read more >
a1

The Wisdom and Madness of Crowds

8 Feb 17 - Crowd wisdom is often cited as the justification for the idea of efficient asset markets -- many investors, each weighing in with their buying and selling decisions, should combine to produce the optimal forecast of what a stock or a bond is really worth.

Read more >
a1

Morningstar KiwiSaver survey Dec 2016

8 Feb 17 - Volatility returned to markets in the final quarter of 2016, following the results from the US election. Fixed income markets, listed property, and New Zealand shares all produced negative results, while global equities was one of the few asset classes to shine. As a result, the more defensive KiwiSaver funds posted negative returns, while growth-oriented options were mostly positive.

Read more >
a1

MJW's December investment survey released

3 Feb 17 - Melville Jessup Weaver has released its December 2016 Investment Survey. New entrant Simplicity KiwiSaver's growth fund was ranked third amongst 16 funds.

Read more >
a1

FMA's new guide to good conduct

3 Feb 17 - The FMA has publised the final version of the guide into its view of conduct along with published submissions from the industry.

Read more >
a1

AMP strategic outlook

1 Feb 17 - Despite periods of anxiety and market volatility, 2016 ended up being an okay year for diversified investors, says AMP in its quarterly strategic outlook. 

Read more >
a1

Dynamic approach to credit risk

1 Feb 17 - NikkoAM: Global economic, credit and interest rate cycles are becoming desynchronised. In this paper, we introduce Nikko AM’s first generation default probability model for corporates.

Read more >
a1

Global Pensions Asset Study

1 Feb 17 - Global retirement assets in major markets rise 4.3%. The 2017 Willis Towers Watson Global Pension Assets Study covers 22 major pension markets, which total USD 36,435 billion in pension assets and account for 62.0% of the GDP of these economies.

Read more >


About us

The Financial Services Council (FSC) represents investment and life insurance companies in New Zealand.

Read more >

Services

Contact us

Ph: +64 09 985 5762

Email: fsc@fsc.org.nz

Level 33, ANZ Centre,
23-29 Albert Street, Auckland 1010

facebooktwitter
prefooter-logo