GoodReturns
Archive - 2021
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
June 2021
27 Jun 2021 Alpha First Lending- Non Bank Funds Available Now
25 Jun 2021 Kiwi, stocks bounce back from Fed scare
25 Jun 2021 Risk of higher OCR this year
25 Jun 2021 Record commercial property returns; Mike Pero hire
25 Jun 2021 Lockdown opens up tickets for Ethical Investment awards
25 Jun 2021 Mike Pero Timaru hire
25 Jun 2021 New advice rules more flexible than advisers think
24 Jun 2021 NZ shares flat but THL bounces on profit upgrade
24 Jun 2021 Commercial property returns all-time high
24 Jun 2021 Tech and the real estate trajectory
24 Jun 2021 Westpac abandons NZ sale plan
24 Jun 2021 Westpac abandons NZ sale plan
23 Jun 2021 NZ shares up as investors look for data signals
23 Jun 2021 Carter makes way for St John on ANZ NZ board
23 Jun 2021 Fix rates now bank urges
23 Jun 2021 Home lending drives record bank profits
23 Jun 2021 Mortgage growth drives record bank profits
23 Jun 2021 Another milestone reached - the road to full licensing lies ahead
22 Jun 2021 ‘Sanity’ returns to market
22 Jun 2021 nib offers cover for non-PHARMAC medicines
22 Jun 2021 Complaints and the problem with professional indemnity insurance
22 Jun 2021 Investor activity falls; Astute helps newcomers; ICBC rate changes
22 Jun 2021 Investor activity falls
22 Jun 2021 Astute launches mentorship scheme
21 Jun 2021 NZ shares decline as A2 Milk pulls back
21 Jun 2021 Interest rate hike expectations grow
21 Jun 2021 SBS rate cuts; People moves latest
20 Jun 2021 PMG to buy two substantial properties
18 Jun 2021 a2 Milk jumps; Kiwi dips below 70 US cents
18 Jun 2021 Five new funds for ethical investors
18 Jun 2021 Simplicity cuts floating rate to 1.9%
18 Jun 2021 ANZ predicts OCR hike in February; ASB to repay $9m over break-fee blunder; Westpac rate cuts
18 Jun 2021 Cigna signals changes to its growing distribution team
18 Jun 2021 Digital investment 'no longer on the fringe'
17 Jun 2021 Sharemarket and Kiwi dollar tumbles as US Fed pencils in rate hikes
17 Jun 2021 ANZ predicts February OCR hike following GDP growth
17 Jun 2021 ASB repays $9m over break-fee blunder
17 Jun 2021 House prices ramping up nationwide
17 Jun 2021 Concern over DTI implementation; Co-operative Bank goes sub 2%
17 Jun 2021 Adviser concern over DTI threat
17 Jun 2021 Covid-related KiwiSaver switches less likely with an adviser
16 Jun 2021 Markets waits on US Fed...
16 Jun 2021 What DTI limits might look like
16 Jun 2021 Win a day with an AIA NZ Vitality ambassador
16 Jun 2021 First Mortgage Managers appoint its first female director
16 Jun 2021 DTIs move closer to reality; Prosper-MySolutions tie-up; BNZ rate changes
16 Jun 2021 Debt-to-income limits move closer
16 Jun 2021 Reserve Bank cools on interest-only limits
16 Jun 2021 Propser and mySolutions team up
16 Jun 2021 How office space will transform
16 Jun 2021 Micro-investing platforms - the future is now
15 Jun 2021 F&P Healthcare shares surge as competitor recalls dangerous products
15 Jun 2021 Recruitment drive nets AIA NZ four new BDMs and a 'vitality coach'
15 Jun 2021 New Partners Life products - hoping to find the middle ground
15 Jun 2021 Housing sales drop, prices race ahead
15 Jun 2021 Craigs snares ASB exec as new CEO
15 Jun 2021 The tale of two claims - The media's perception of insurance
15 Jun 2021 Investors urged to lock in long term rates; TSB hikes long term rates
15 Jun 2021 Investors urged to bolt in long-term rates
15 Jun 2021 Britannia Financial Services rebrands - expands investment offering
14 Jun 2021 Heartland Bank dominates market
14 Jun 2021 Rival Wealth gains more experience in its Auckland office
14 Jun 2021 Turnaround times slow to improve; ASB rate changes
14 Jun 2021 Tower appoints former rugby pro to sales and service team
14 Jun 2021 Vero asks customers to use mental health support benefit
14 Jun 2021 Turnaround times slow to improve
14 Jun 2021 Tale of two lakes
14 Jun 2021 Saving KiwiSaver: why contributions matter more than fees
13 Jun 2021 [The Wrap] A big picture view of financial planning
11 Jun 2021 Shares rise as markets ignore ‘shocking’ inflation
11 Jun 2021 Healthy Homes deadline fast approaching
11 Jun 2021 TSB cuts short term rates, raises 2 year: Reardon switches at Loan Market; Government reform latest
11 Jun 2021 National criticises new conduct bill
11 Jun 2021 Details emerge of property investor tax exemptions
11 Jun 2021 Financial Advice NZ launches new liability cover offering
10 Jun 2021 a2 and Mainfreight fall as investors eye inflation
10 Jun 2021 FSC launches competition for school students
10 Jun 2021 Suncorp NZ invests in a technology-enabled workforce
10 Jun 2021 Experienced exec joins Loan Market Central
10 Jun 2021 Experienced exec joins Loan Market Central
10 Jun 2021 AIA NZ helps raise $30k for India's Covid-19 relief fund
10 Jun 2021 Financial Advice New Zealand PI insurance details; Short term rates drop, longer terms rise
10 Jun 2021 Financial Advice NZ reveals PI renewal costs
09 Jun 2021 NZ shares edge higher as interest rates ease
09 Jun 2021 Market starting to cool
09 Jun 2021 FSCL surprised by insurance hikes
09 Jun 2021 FSCL surprised by PI insurance hikes
09 Jun 2021 [GRTV] Getting good returns from fixed interest
09 Jun 2021 Looking forward to full licensing - but don't wait too long
08 Jun 2021 NZ shares rise despite SkyCity falling 5%
08 Jun 2021 Educating the educated - Code Standards 6, 7, 8 and 9
08 Jun 2021 AIA offers Canterbury flood victims premium relief
08 Jun 2021 Short term rates continue to drop
08 Jun 2021 Short term rates continue to drop
08 Jun 2021 Treasury’s house price claims debunked
07 Jun 2021 Partners Life reveals its secret sauce
06 Jun 2021 [GRTV] CoFI presents new challenges for advisers: Manning
04 Jun 2021 Synlait leads NZ shares higher
04 Jun 2021 Sentro delivers for mid-range group insurers
04 Jun 2021 Another Wellington adviser joins Mortgage Express
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.
2 days 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.
2 days 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.
4 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…
4 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".
5 days ago Paul Flood