GoodReturns
Archive - 2013
Year:
2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Filter:
Clear Filter
December 2013
31 Dec 2013 FMA puts spotlight on paperwork
31 Dec 2013 Commercial investors feeling confident
30 Dec 2013 Where have they gone 2?
30 Dec 2013 Rise can't continue at this rate: Helm
29 Dec 2013 LVR rules tweaked
28 Dec 2013 Where have they gone?
27 Dec 2013 Sheriff Hughes ditches his horse for FMA departure
27 Dec 2013 Longer due diligence periods better: Whitburn
26 Dec 2013 Speech: Sean Hughes reviews the FMA's first three years
24 Dec 2013 One big bank to go
23 Dec 2013 CPD problems for insurance advisers
23 Dec 2013 Adviser-owned firm offered for sale
23 Dec 2013 Marketing needs examination: Judge
23 Dec 2013 Property market on hold
20 Dec 2013 Lots of rate changes to end the week
20 Dec 2013 Three Ross investors asked to pay back millions
20 Dec 2013 [Weekly Wrap] Looking ahead
20 Dec 2013 EDRs require long notice period
20 Dec 2013 Tyndall adds client relationship manager
20 Dec 2013 Expect a short pause: Newland
19 Dec 2013 Confidence may prompt OCR hike
19 Dec 2013 A time to QE taper but not tighten
19 Dec 2013 TMM online
19 Dec 2013 More advisers may work together in 2014
18 Dec 2013 Trilogy settles on syndicate building
18 Dec 2013 New appointments at Sovereign
18 Dec 2013 NZAM's new CEO
18 Dec 2013 Westpac follows ANZ
18 Dec 2013 NZPIF: WOFs not the best approach
17 Dec 2013 Questions about limited advice
17 Dec 2013 ANZ hikes all fixed rates
17 Dec 2013 Managed funds rules costly
17 Dec 2013 Rentals tested next month
16 Dec 2013 Another gong for Harbour
16 Dec 2013 Boost sector profile in 2014: Cortesi
16 Dec 2013 First-home buyers still absent: Survey
13 Dec 2013 [Weekly Wrap] How much training do you need?
13 Dec 2013 It's not a back down: Wheeler
13 Dec 2013 Carve out of new builds not a back-down: Wheeler
13 Dec 2013 2014: Facing Different Risks and Rewards
12 Dec 2013 Mortgage pain coming
12 Dec 2013 OCR held, but not for much longer
12 Dec 2013 OCR held, but for how long?
12 Dec 2013 $1.1m for advice software
12 Dec 2013 Sales below expectations: REINZ
11 Dec 2013 So RBNZ makes exceptions now
11 Dec 2013 KiwiSaver contributions still slow
11 Dec 2013 Skill level 'has dropped'
11 Dec 2013 New-look annuity type product explained
11 Dec 2013 Why New Zealand needs annuities
11 Dec 2013 Why we are exiting annuities: Milton Jennings
10 Dec 2013 Kiwibank chases borrowers with floating rate special
10 Dec 2013 Construction loans exempt from LVR rules
10 Dec 2013 Westpac splits ratecard
10 Dec 2013 Concern at stress-testing regime
10 Dec 2013 New homes exempt from LVR rules
09 Dec 2013 All but one Credit SaILS investors repaid
09 Dec 2013 Will the QE trick continue?
09 Dec 2013 Westpac splits floating rate
09 Dec 2013 NZ Income adds people
09 Dec 2013 Listen to what we say RBNZ urges
09 Dec 2013 Committee responds to conflict concerns
09 Dec 2013 Early signs of market change: QV
06 Dec 2013 Public not listening to us: RBNZ
06 Dec 2013 [Weekly Wrap] New rules on the way
06 Dec 2013 CPD change may be a challenge
06 Dec 2013 LVR rules are making a difference
06 Dec 2013 Alexander: Too early to claim impact on lending
05 Dec 2013 New Code submitted to FMA
05 Dec 2013 Rules are making a difference: Helm
05 Dec 2013 Home loan numbers creep up
05 Dec 2013 Five gems of wisdom. What are yours?
05 Dec 2013 LVR restrictions changing why houses sold
05 Dec 2013 Financial literacy organisation welcomed
05 Dec 2013 More rental properties available in Auckland: Report
05 Dec 2013 Bill to ban foreign investors
04 Dec 2013 Ennis new CEO
04 Dec 2013 Trans-Tasman investment opportunities limited
04 Dec 2013 Barfoot: Rules having no impact yet
03 Dec 2013 OCR increase is coming; Westpac chases FHBs
03 Dec 2013 Westpac enticing first home buyers to save
03 Dec 2013 Chances of an OCR increase early next year rise
03 Dec 2013 Advisers will pick up KiwiSaver: FSC
03 Dec 2013 Asking prices, listing numbers down.
02 Dec 2013 Insurance has a bright future, but needs to change: FSC
02 Dec 2013 Fund managers predict pick-up
02 Dec 2013 New board member at Plus4 Insurance Group
02 Dec 2013 First-timers buy one in five properties
01 Dec 2013 The Development of Adviser Technology
November 2013
29 Nov 2013 [Weekly Wrap] FMA in the news
29 Nov 2013 Changes at Westpac broker unit
29 Nov 2013 FMA wants to increase its hourly rate
29 Nov 2013 Trade Me claims overstated
29 Nov 2013 No name suppression for investor
28 Nov 2013 Shakeup at Westpac broker unit
28 Nov 2013 Impact of LVR restrictions revealed
28 Nov 2013 Higher-equity borrowers pick up mortgage slack
28 Nov 2013 New FMA chief executive named
28 Nov 2013 RESIMAC takes full control of home loan book
28 Nov 2013 FMA paying more visits to AFAs
Latest News
Advice adds at least 5% a year, but clients can’t see most of it
Advice adds at least 5% a year, but clients can’t see most of it
4 min read
Adviser use of ETFs likely to continue to grow, Smart says
Adviser use of ETFs likely to continue to grow, Smart says
2 min read
FMA outlines its latest expectations for advisers
FMA outlines its latest expectations for advisers
6 min read
[Weekly Wrap] KiwiSaver in play; but outcome unclear
[Weekly Wrap] KiwiSaver in play; but outcome unclear
2 min read
Latest Comments
FMA outlines its latest expectations for advisers
Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
8 hours ago Steve Wright
FMA outlines its latest expectations for advisers
Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
10 hours ago Backstage
FMA outlines its latest expectations for advisers
All things said are great aspirational goals for a great financial advice industry, it mirrors what both the legislation and the code requires. However, like most things discussed it talks about what's expected not how it's done. The hardest aspect of financial advice today isn't what it is, it is how it is done. The how only comes from those that have done it, the how is only provided with examples. Guidance documents that spell out what's required along side how it it done. We’re still dealing with the same issues we started with in 2021, figuring out the how. And figuring out the how in every advice business is consuming resources that could easily be shortcut by the FMA demonstrating what they are expecting. It's not about “do it this way” its about this is the sorts of things we’re looking for. In the absence of standards and expectations, guesswork prevails. That represents significant risk to FAPs and the result is onerous overcooked advice processes for multiple advice operations and undercooked she’ll be right for single operators focused on getting the work done. Both approaches have potential for harm and as its been said earlier, leaves advisers open to explain they haven't been speeding with the authorities have pulled them over. The advice industry needs guidance on the how we know the what already.
2 days ago Jon-Paul Hale
Who is responsible for notifying policy changes?
Sticking an oar in, while we have “service” requirements the expectation that an adviser is responsible for discussing said change is relying heavily on assumption. 1. That the client hasn't moved and contact details haven't been updated. It happens more often than many think. 2. It assumes there is a servicing agreement in place to provide service. Remember the requirement is to scope service not provide it. A client deciding to have ad-hoc service on their request is a legally valid position to have. 3. If there is a service agreement that's realistic to what is expected, how long does the adviser push the issue to have the discussion before moving on with everything else they have to do? Again, a point that is not clear in the guidance to date. The challenge of the present rules is the adviser is responsible for ensuring the client understands the advice provided. How do you ensure you're covering this if a client doesn't engage despite genuine attempts to manage it? There's still a lot of “what if’s” in this whole are we’re only going to have clarity on once someone is taken to task about it. But first we need to have clarity on what ongoing service actually is, because right now demonstrated by the direct providers a letter once per year with a please call if you want to discuss is the current minimum…
2 days ago Jon-Paul Hale
FMA outlines its latest expectations for advisers
To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
2 days ago Paul Flood