GoodReturns
Archive - 2006
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March 2006
03 Mar 2006 Weekly Wrap: Kiwisaver legislation
03 Mar 2006 Role of adviser critical in preventing under-insurance
03 Mar 2006 Finalists for Morningstar awards announced
02 Mar 2006 ANZ profit up, market share down
02 Mar 2006 AXA buys more of Salvus
02 Mar 2006 Deposit rate news briefs
02 Mar 2006 It's not all about looks
02 Mar 2006 Land prices seen as key to limits on housing
01 Mar 2006 Market review: How hard will the landing be?
01 Mar 2006 KiwiSaver fish hooks
01 Mar 2006 ING applauds savings initiative
01 Mar 2006 Window of opportunity
01 Mar 2006 Advisers don't have role in KiwiSaver
01 Mar 2006 Contributory mortgage offering troubles
01 Mar 2006 New appointments at AXA
01 Mar 2006 Advisers don't have role in KiwiSaver
01 Mar 2006 PIA Professional - Property analysis software
01 Mar 2006 Building consent trends steady
February 2006
28 Feb 2006 KiwiSaver hits the right level, but why is it not compulsory?
28 Feb 2006 KiwiSaver – security and choice
28 Feb 2006 Kiwisaver - questions and answers
28 Feb 2006 Battle for borrowers business continues
27 Feb 2006 News Round Up
27 Feb 2006 Moira Irving joins Strategic
25 Feb 2006 Tax takes
25 Feb 2006 This was probably the deal of the year in 2005
24 Feb 2006 Weekly Wrap: Where are the markets heading
24 Feb 2006 AA Life planning to sell lots of insurance
24 Feb 2006 Expect to see Kiwisaver next week
23 Feb 2006 Deposit rate news briefs
23 Feb 2006 Tax issues outlook for 2006: another watershed year?
23 Feb 2006 Picking the right finance company
22 Feb 2006 TSB holds its own in mortgage war
22 Feb 2006 5th Annual Independent Planning Practices Conference
22 Feb 2006 Spicers and BNZ key to AXA
21 Feb 2006 Picking the right finance company
21 Feb 2006 Kinzett joins First Mortgage Trust
21 Feb 2006 More short-term rate falls
21 Feb 2006 Best of golden weather over
20 Feb 2006 A direct threat to advisers
20 Feb 2006 Sentinel appoints new finance director
20 Feb 2006 News Round Up
20 Feb 2006 Sales down, prices up
17 Feb 2006 TOWER Expo 2006
17 Feb 2006 Weekly Wrap: How things are changing
17 Feb 2006 Second generation online financial services
17 Feb 2006 FPIA board meeting
16 Feb 2006 Kiwibank grows share of home loan pie
16 Feb 2006 PIS professional development day
16 Feb 2006 Industry experts question crack down
16 Feb 2006 Bluestone national seminar
16 Feb 2006 Industry experts question crack down
15 Feb 2006 Tower's National Sales Manager, Workplace Investments
15 Feb 2006 ASB pleased with growth of mortgage book
15 Feb 2006 TOWER Expo 2006
15 Feb 2006 Solly moves to Goldman Sachs JBWere
15 Feb 2006 PIS professional development day
15 Feb 2006 PIS professional development day
15 Feb 2006 Bluestone national seminar
15 Feb 2006 New adviser rules top of Parliament's to do list
15 Feb 2006 Liberty may allow Pero's to be privatised
14 Feb 2006 Size doesn't matter – it's what you do with it that counts!
14 Feb 2006 PIS professional development day
14 Feb 2006 PIS professional development day
14 Feb 2006 Bluestone national seminar
14 Feb 2006 The rate war continues
14 Feb 2006 Rabobank aims to shake market
14 Feb 2006 Rabobank offers managed funds online
13 Feb 2006 ING February roadshow
13 Feb 2006 TOWER Expo 2006
13 Feb 2006 PIS professional development day
13 Feb 2006 PIS professional development day
13 Feb 2006 LJ Hooker grows its broking network
13 Feb 2006 News Round Up
12 Feb 2006 Signs house prices slowing
10 Feb 2006 Weekly Wrap: Taxing Week
10 Feb 2006 OMNIMax Professional Reviewed
10 Feb 2006 Smith leaves BT Funds
10 Feb 2006 Kiwisaver good for insurance industry
10 Feb 2006 Australian investments to be treated like local ones
09 Feb 2006 Finance companies disappointed with Rapid Ratings' departure
09 Feb 2006 Maybe the answer is a capital gains tax?
09 Feb 2006 ING February roadshow
09 Feb 2006 New Zealanders too relaxed about retirement
09 Feb 2006 Modifications to tax proposals incur scepticism
09 Feb 2006 Auckland market falling
08 Feb 2006 Tax reform is like rust - it never sleeps.
08 Feb 2006 Diplock keeps chair at Securities Commission
08 Feb 2006 New client relationship manager
08 Feb 2006 Commission looking to review super
08 Feb 2006 Attractive rates name of the game
08 Feb 2006 Commission looking to review super
07 Feb 2006 ING February roadshow
07 Feb 2006 Finance company news briefs
07 Feb 2006 Housing sentiment tempering but still strong
06 Feb 2006 News Round Up
06 Feb 2006 The latest details on the FPIA conference
03 Feb 2006 Turner Report breakfast seminar
03 Feb 2006 Weekly Wrap: Money coming out of New Zealand share funds
03 Feb 2006 Managed funds outflows easing
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.
14 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.
16 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".
3 days ago Paul Flood