GoodReturns
Archive - 2017
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May 2017
11 May 2017 Surprise at RBNZ’s OCR outlook
11 May 2017 Nimble versus Big
11 May 2017 OCR decision announced by RBNZ
11 May 2017 OCR held again, here's why
11 May 2017 No change to OCR: What RB said today
11 May 2017 Ditch the dud: streamline your portfolio
11 May 2017 Thursday news in brief
11 May 2017 EDR costs fall for advisers
10 May 2017 Renting more affordable - HAM
10 May 2017 Cost inflation impacting on development
10 May 2017 Regional price expectations high
10 May 2017 Westpac follows ANZ
10 May 2017 IMF points to issues with insurance advisers
10 May 2017 ASB: Confidence up, but advice needed
09 May 2017 Southern Cross offers cancer add-on
09 May 2017 Is your property underinsured?
09 May 2017 Investment advisory boss joins NZX Board
09 May 2017 ANZ and Kiwibank increase rates
09 May 2017 Young people like shares, but it's not all good news for advisers
09 May 2017 Auckland rental market under pressure
08 May 2017 Even tougher lending rules on the cards
08 May 2017 APIA loses major sponsor
08 May 2017 Focus on tone, not content, of OCR call this week
08 May 2017 Banks snap up new AFAs
08 May 2017 ANZ, FMA work on changing behaviour
05 May 2017 Financial Advice New Zealand hits day 100
05 May 2017 Getting to Know: Mark Weaver
05 May 2017 One lender goes and another removes super low rates
05 May 2017 Review could tighten loan market
05 May 2017 Retirees told 6% drawdown rule an option
05 May 2017 ANZ launches new international equities fund
05 May 2017 Seven top tips to get a property sale ready
04 May 2017 FSC and WSNZ launch joint conference
04 May 2017 BNZ says brokers generated $900m growth
04 May 2017 How ANZ sees the housing market and advisers
04 May 2017 Auckland sales numbers hit 2008 levels
04 May 2017 FMT ticks over $500m in investments
04 May 2017 Combating Auckland's housing crisis
04 May 2017 Still opportunities in 'old' bull market
03 May 2017 Mortgage advisers write a third of ANZ's loans
03 May 2017 PIE Funds reopens another fund
03 May 2017 China's Dominant Deficits
03 May 2017 FSC gets strategy 'reset'
03 May 2017 Jennings working on churn solution
03 May 2017 House price growth slows, led by super city
03 May 2017 Warning all landlords - compliance non-negotiable
02 May 2017 New head of ASB Securities
02 May 2017 ANZ half-year profit jumps
02 May 2017 Adviser diversity important: Stanhope
02 May 2017 Here's how to get set for robo
02 May 2017 Auckland in 'wait and see' mode
01 May 2017 Equities boost KiwiSaver returns in March quarter
01 May 2017 Super Fund gets top rating
01 May 2017 Cooperative Bank appoints new CEO
01 May 2017 The Co-operative Bank appoints new CEO
01 May 2017 Bank staff: Target pressure not in customer best interests
01 May 2017 Hamilton on the move
April 2017
28 Apr 2017 Moving into new builds
28 Apr 2017 Getting to Know: Norman Stacey
28 Apr 2017 ASB lenders reduce rates
28 Apr 2017 Advisers 'must be represented in working group'
28 Apr 2017 Trend now positive for consents
27 Apr 2017 Landlords, get talking to your tenants
27 Apr 2017 FMT grows investment book strongly to fund loans
27 Apr 2017 Start-up drops out of fintech accelerator programme
27 Apr 2017 Thursday news in brief
27 Apr 2017 Regional rents heading up
26 Apr 2017 Bascand takes financial stability
26 Apr 2017 Clients can't stomach risk: Ndege
26 Apr 2017 Migration hits another record as Kiwis stay put
24 Apr 2017 Adams to take the lead on housing
24 Apr 2017 How to raise the rent by 10%
24 Apr 2017 Affordability measure problems
24 Apr 2017 The view from the other side of the world
24 Apr 2017 Local flavour makes for bank winners
24 Apr 2017 First cull of working group applicants
23 Apr 2017 Aussie banks told to scrap commission payments
23 Apr 2017 Warminger, FMA appeal
21 Apr 2017 Super Fund writes off turbine investment
21 Apr 2017 Getting to Know: David Boyle
21 Apr 2017 Smartshares says low-cost offer makes sense for 'client first' advisers
20 Apr 2017 Making a difference for housing supply
20 Apr 2017 Ballantyne: Advice businesses should be more businesslike
20 Apr 2017 Socially responsible investing (Part 3): returns, fees and investment options
20 Apr 2017 Biggest fund managers struggle to deliver returns: Researcher
20 Apr 2017 Thursday news in brief
19 Apr 2017 More than half of Kiwis saving for retirement
19 Apr 2017 Lack of data hinders good debate on disclosure rules
19 Apr 2017 Sovereign exec takes over running F&P Finance
19 Apr 2017 Adviser numbers might halve
19 Apr 2017 Auckland’s fastest rising suburbs
18 Apr 2017 High density zones promising for investors
18 Apr 2017 RESIMAC cuts rates
18 Apr 2017 NZX joins United Nations Sustainable Stock Exchange
18 Apr 2017 The key ingredient for success
18 Apr 2017 Last attempt to change exemptions
17 Apr 2017 Studies in succession planning
17 Apr 2017 Obituary - Greg Jones
17 Apr 2017 Getting started on investment property
14 Apr 2017 Top five tips to protect against meth contamination
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.
9 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.
11 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