Andrew Dickens Afternoons

So do you trust your banks?With Australia staging a Royal Commission into the behaviour of their banks and insurance companies and a raft of dodgy practices being unearthed, attention has turned to the New Zealand market.With 4 of our major banks Australian owned and a number of our insurance companies having strong links across the Tasman the suggestion exists that the industry here may not be as squeaky clean as we imagine.It’s a suspicion I share.  I have done talkback on it and interviewed financial experts.  While most think that there is a Chinese wall between the trans Tasman operations, I’m still not convinced.For instance one CEO of a New Zealand operation has recently been transferred from Australia so why wouldn’t she bring operating practice with her.Sam Stubbs is the Managing Director of Simplicity a low cost Kiwisaver fund manager. Sam was most recently the CEO Of Tower Investments, a KiwiSaver default provider. Before that he was Managing Director of Hanover Group, and spent 10 years working fo