GoodReturns
Archive - 2018
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December 2018
31 Dec 2018 Local equity market ends year on a firm note
31 Dec 2018 Antipodes offers investor choice
31 Dec 2018 Fisher, Chapman and Crossan all honoured
31 Dec 2018 2018 – a year of uncertainty
30 Dec 2018 [The Wrap] And that folks is a wrap for 2018
28 Dec 2018 NZ shares nudge higher on last full day's trading for the year
27 Dec 2018 Top 5 Tribunal tips for landlords
24 Dec 2018 FNZC buys OMF
24 Dec 2018 Landlords urged to act on insulation
24 Dec 2018 Adviser: Should case manager make the call?
22 Dec 2018 2018 an “interesting” year - REINZ
21 Dec 2018 OnePath rating cut
21 Dec 2018 Fidelity hires head of underwriting
21 Dec 2018 Mortgage lending to investors plummets
21 Dec 2018 1% OCR predicted; Investor lending plummets
21 Dec 2018 It's time to celebrate insurance and Christmas
21 Dec 2018 NZX stands out on global stage
20 Dec 2018 Fidelity Life announces retirement
20 Dec 2018 NZ shares rise as blue chips rally into holiday period; Spark gains
20 Dec 2018 Mortgage lending to investors plummets
20 Dec 2018 ANZ predicts 1% OCR in 2020
20 Dec 2018 Clients complain: Adviser should have told us to obtain notes
20 Dec 2018 Consilium joins FSC
20 Dec 2018 2018’s best performing suburbs
20 Dec 2018 Craigs Investment Partners hires adviser
20 Dec 2018 Credit unions to merge to compete; Heartland responds to RBNZ
20 Dec 2018 Heartland outlines cost of RBNZ rules
20 Dec 2018 Minister acknowledges slow pace of adviser laws
19 Dec 2018 Milford boss departs
19 Dec 2018 NZ shares gain as upcoming Fed meeting bolsters yield stocks; Sky TV gains
19 Dec 2018 AIA hires top underwriter
19 Dec 2018 Monitoring rental home quality
19 Dec 2018 MBIE estimates 1733 single-adviser firms in new regime
18 Dec 2018 Heartland sinks; Markets await US Fed's interest rate call
18 Dec 2018 NZ credit unions to merge
18 Dec 2018 Non-banks grow market share; RBNZ about to apply brakes to bank lending
18 Dec 2018 Desperately seeking answers
18 Dec 2018 Bank AFA force broadly steady
17 Dec 2018 NZ shares follow Asian rally; exporters F&P Health, A2 gain
17 Dec 2018 Non-bank surge to continue: KPMG
17 Dec 2018 Healthy Homes benefits overstated - economist
17 Dec 2018 RBNZ proposals will slow credit growth: Kiwibank
17 Dec 2018 Sub-4% rates over for SBS, TSB
17 Dec 2018 Salt adds former FMA exec to its board
17 Dec 2018 Rates up, BDM off, credit rules tweaked and more
17 Dec 2018 Landlording like a parent
17 Dec 2018 Morningstar committed to New Zealand
15 Dec 2018 [The Wrap] What it it will cost you to be licensed revealed
14 Dec 2018 NZ shares fall as investor uncertainty weighs on exporters; F&P Health, A2 drop
14 Dec 2018 Reserve Bank proposes new capital rules
14 Dec 2018 Fidelity appoints managers
14 Dec 2018 Mortgage Express makes Auckland hire
14 Dec 2018 Resimac tweaks credit assessments
14 Dec 2018 Summer bounce means record prices
14 Dec 2018 Marketing boss steps down
14 Dec 2018 Want to know what it will cost to be licensed? Here's the answer
14 Dec 2018 How much you will have to pay to be an adviser revealed
14 Dec 2018 Govt moves to allow early KiwiSaver withdrawal
13 Dec 2018 NZ shares rise as optimism over US-China trade deal lingers; Fletcher gains
13 Dec 2018 Treasury predicts OCR hike in 2020
13 Dec 2018 Olympic gold medalist joins Consillium
13 Dec 2018 Not acceptable that ACC doesn't cover illness: OECD
13 Dec 2018 Carmen Moran leaves Westpac for Heartland
13 Dec 2018 Static Auckland rents suggest underlying problem
13 Dec 2018 What contribution rate should I have in order to retire?
13 Dec 2018 Guardians add chief investment officer
13 Dec 2018 FMA scores own goal with KiwiSaver tracker: Booster
13 Dec 2018 Financial services boosting NZ's bottom line
12 Dec 2018 NZ shares gain as Trade Me hits record on takeover
12 Dec 2018 30 Years in business
12 Dec 2018 Record profit for UDC
12 Dec 2018 AIA + Sovereign + You: Championing a healthier, better protected NZ
12 Dec 2018 Fight back on commissions; New construction lending option
12 Dec 2018 Partners Life beats its own targets
12 Dec 2018 What lies ahead in 2019
12 Dec 2018 Squirrel innovates with construction loans
12 Dec 2018 MBIE: Most advisers will continue
12 Dec 2018 Old approach won't always stack up
11 Dec 2018 Defensive stocks find favour on NZX; Contact, Meridian rise
11 Dec 2018 Cigna appoints from OnePath
11 Dec 2018 ASB appoints Vanguard as manager
11 Dec 2018 Aussie advisers fight back against reform
11 Dec 2018 Has the sun set on holiday rentals?
11 Dec 2018 Summits planned to help advisers navigate regulation
11 Dec 2018 IOOF directors under scrutiny
10 Dec 2018 NZ shares fall to 5-week low as trade tensions spook investors; A2 drops
10 Dec 2018 BNZ starts shared ownership scheme
10 Dec 2018 Financial Disputes Resolution expands committee
10 Dec 2018 New record for Wellington prices
10 Dec 2018 How big a problem is insurance fraud?
10 Dec 2018 Knowledge still lacking on KiwiSaver
10 Dec 2018 Law doesn't have to be broken for FMA to take action
09 Dec 2018 AIA helps foster kids
07 Dec 2018 NZ shares rally on speculation of flat US rate track; Spark gains
07 Dec 2018 [The Wrap] The end of bank VIO is good for advisers, but are you ready?
07 Dec 2018 Helen Robertston takes on a new role
07 Dec 2018 Ring-fencing Bill hits Parliament
07 Dec 2018 One bank ends vertical integration
06 Dec 2018 Huawei CFO arrest reignites trade fears; A2 drops
06 Dec 2018 Sub 4% rates unlikely to return
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