The TOP 10 stories on www.tmmonline.nz A lot has happened in the market since the last edition of the magazine. Here are the most-read industry stories from tmmonline. 01 EXCLUSIVE: REGULATION AND WORKLOADS DRIVING ADVISERS TO DRINK Preliminary results from the recent AIA Adviser Wellbeing Survey have uncovered some concerning results with around half of those surveyed saying they are using alcohol to cope with stress.
02 NON BANKS TO BE RUN OFF THEIR FEET Non-bank lenders will be run off their feet in the coming months, partly because banks are too traditional, according to economist Cameron Bagrie.
03 CCCFA NOT UNDERSTOOD BY POLITICIANS The ACT Party believes the Credit Contracts and Consumer Finance Act (CCCFA) was not properly understood when it went through parliament and is now asking for a review.
04 INDUSTRY WANTS MINISTER'S EAR OVER CCCFA Financial Advice New Zealand is seeking an urgent meeting with the Minister of Commerce and Consumer Affairs as the impact of the CCCFA continues to snowball.
06 WESTPAC ISSUES ITS FORECAST FOR 2022 Westpac economists are expecting the official cash rate to peak at 3% next year, but it will be a temporary peak.
07 LOW KEY CCCFA ENQUIRY STARTS The enquiry into the Credit Contracts and Consumer Finance Act (CCCFA) has started but it appears to be reasonably low key.
08 ADVISERS INUNDATED WITH POLICY CHANGES BY BANKS Changes in bank procedures are coming through thick and fast as banks scramble to keep up with a flood of regulatory changes.
09 MINISTER ORDERS ENQUIRY INTO CCCFA Minister of Commerce and Consumer Affairs David Clark has acknowledged concerns with the CCCFA and ordered an enquiry.
10 BASECORP SECURES MORE FUNDING TO INCREASE ITS LENDING Basecorp is the first non-bank issuer to complete two securitisations in a calendar year since the GFC.
05 ROBERTSON DEFENDS CCCFA CHANGES The Minister of Finance has mounted a defence of the Credit Contracts and Consumer Finance Act (CCCFA).
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TMM 01 • 2022
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