GoodReturns
Archive - 2008
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May 2008
15 May 2008 New board and president for IFA
15 May 2008 Fidelity gets behind risk advice software
15 May 2008 It's raining rate relief!
15 May 2008 ASFONZ Education – Advanced Investing
15 May 2008 Women in Super industry breakfast
15 May 2008 OCR cut of 50 points forecast
15 May 2008 Dominion puts S&P on hold
14 May 2008 Dominion puts S&P on hold
14 May 2008 Cover Life's Bases
14 May 2008 ASFONZ Education – Best Practice Governance
14 May 2008 Fidelity Life has appointed Wellington BDM
14 May 2008 Viking's IRG buys Equity and talks about expansion
13 May 2008 Fairview bites the dust
13 May 2008 ASFONZ Education – Introduction to Investing
13 May 2008 IFA race down to a duel
13 May 2008 Book: Commercial Real Estate Investing
12 May 2008 SCF looks to raise another $100 mill
12 May 2008 Lender strife for Pioneer
12 May 2008 REINZ Residential Highlights - April 2008
12 May 2008 Residential property sales slump further: REINZ
12 May 2008 ASFONZ Education – Introduction to Trusteeship
12 May 2008 Further signs property values easing
12 May 2008 Wellington house prices hold up best
12 May 2008 News Round Up
09 May 2008 [Weekly Wrap] Golden reign of KiwiSaver
09 May 2008 Arcus appoint chief economist
09 May 2008 Liberty Adviser Network - showcasing its dealer group concept
09 May 2008 KiwiBaggers scrapping Savers
09 May 2008 KiwiSaver flying high
09 May 2008 Bluestone suspends HER loans
09 May 2008 Securities Commission asked to solve Blue Chip identity crisis
08 May 2008 Buyers and sellers in a tug-of-war
08 May 2008 PIS May Development Days
08 May 2008 All just a bunch of rose-tinted glasses?
08 May 2008 Two steps forward, one step back
08 May 2008 Billion dollar booby but finance company sector fights on, RBNZ finds
08 May 2008 RBNZ encourages new market
08 May 2008 Health insurance at record high for Kiwis
07 May 2008 Health insurance at record high for Kiwis
07 May 2008 Property investment yields down, but optimism remains
07 May 2008 INFINZ Debt Capital Markets Forum 2008
07 May 2008 Accuro hunts for new chief
07 May 2008 Fund flows improve, but still negative
06 May 2008 Commission planning to prosecute finance companies
06 May 2008 Housing implosion confirmed: Broker
06 May 2008 Morningstar Fund Manager of the Year Winners
06 May 2008 ASSET - Government lightens the load
06 May 2008 North vs South: Battle of the mighty Ws
06 May 2008 Market Review: May 2008 commentary
06 May 2008 Market Review: May 2008 London commentary
06 May 2008 Auckland property prices continue to hold, despite low volume
06 May 2008 March not the usual bumper month
06 May 2008 Morningstar rates ING and AMP as investment grade
06 May 2008 Opinion: Business insurance target – is it the right one?
06 May 2008 New man at Marac
05 May 2008 A cure for under-insurance?
05 May 2008 Wanted: Chief Executive for health company
05 May 2008 May issue - available now
05 May 2008 News Round Up
02 May 2008 [Weekly Wrap] The good, the bad and the ugly
02 May 2008 Farewell: John Molloy
02 May 2008 Bluestone still looking for finance company buys
01 May 2008 Dorchester CEO departs
01 May 2008 Bill to modernise apartment laws on its way
01 May 2008 DIY rules aimed at eliminating building rogues
01 May 2008 Now for some good news
01 May 2008 AMP Capital turning conservative
01 May 2008 ING Life considers new baby
April 2008
30 Apr 2008 Axa Rosenberg walks in with new "alpha footprint"
30 Apr 2008 Home loan report: hope at last
30 Apr 2008 Gould Holdings emerges as potential Vestar buyer
30 Apr 2008 Home loan report: Hope at last
29 Apr 2008 S&P upgrades Geneva, but turns negative
29 Apr 2008 For Sale: One damaged advisory network
29 Apr 2008 RaboPlus adds two more to team
29 Apr 2008 Equity release mortgages slow
29 Apr 2008 'Slight' oversupply of houses will help keep prices down
28 Apr 2008 Geneva investors say yes
28 Apr 2008 News Round Up
27 Apr 2008 First finance company PIE fund
24 Apr 2008 MDRT Roadshow 2008
24 Apr 2008 Weekly Wrap: Spicing it up
24 Apr 2008 OCR announcement
24 Apr 2008 Market perceives that Bollard softens the rhetoric
24 Apr 2008 The official cash rate (OCR) unchanged at 8.25%
24 Apr 2008 AXA reports strong group risk sales
24 Apr 2008 KPMG: Longer term deposits the way to go
24 Apr 2008 Opinion: Asteron on the true nature of insurance
24 Apr 2008 Market perceives that Bollard softens the rhetoric
23 Apr 2008 MDRT Roadshow 2008
23 Apr 2008 Should you sell?
23 Apr 2008 Adviser amendments to rebuild investor confidence, Dalziel says
23 Apr 2008 Adviser amendments to rebuild investor confidence, Dalziel says
23 Apr 2008 PINs change
23 Apr 2008 Bluestone offer for Geneva frustrated
23 Apr 2008 Investors lose confidence in rental property
22 Apr 2008 Who wants to be on IFA board?
22 Apr 2008 Asteron boosting trauma
22 Apr 2008 WINZ of change for AMP listed fund
21 Apr 2008 Parent says Tasman and United doing OK
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.
7 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.
9 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