GoodReturns
Archive - 2006
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February 2006
02 Feb 2006 Market review: So far so good – but will it continue?
02 Feb 2006 Plan NZ excited about growth potential
02 Feb 2006 NZ economy to keep slowing: Caton
01 Feb 2006 Spotlight on salary sacrifice for tax purposes
01 Feb 2006 AXA Quickstart roadshow
01 Feb 2006 Hardman leaves the Broadlands
01 Feb 2006 Another new NZ share fund born
January 2006
31 Jan 2006 Sharetrading on TradeMe daft idea
31 Jan 2006 AXA Quickstart roadshow
31 Jan 2006 Lenders continue to ease rates
31 Jan 2006 Rental housing changes would drive landlords away
30 Jan 2006 News Round Up
27 Jan 2006 AXA Quickstart roadshow
27 Jan 2006 Market timing gets thumbs down
27 Jan 2006 AXA appoints CIO
27 Jan 2006 Review expected to raise thorny issues
26 Jan 2006 OCR announcement
26 Jan 2006 AXA Quickstart roadshow
26 Jan 2006 Bollard leaves rates unchanged and rules out an easing
26 Jan 2006 OCR unchanged at 7.25%
26 Jan 2006 Tax proposals to govt next week
25 Jan 2006 Ouch...that hurts
25 Jan 2006 AXA Quickstart roadshow
25 Jan 2006 Super Fund grabs another AMP man
25 Jan 2006 An alternative to term deposits
24 Jan 2006 AXA Quickstart roadshow
24 Jan 2006 Competition and more competition
24 Jan 2006 ING closes popular Diversified Yield Fund
23 Jan 2006 Investors confident in the face of a slowdown
23 Jan 2006 News Round Up
23 Jan 2006 Weekly home loan report: Competition and more competition
23 Jan 2006 Shaky building warning
22 Jan 2006 Economists expect no change in OCR this week
22 Jan 2006 Property still tops with investors
20 Jan 2006 Weekly Wrap: Milford to manage NZ shares for Arcus
20 Jan 2006 Health Funds Association appoints new executive director
20 Jan 2006 Milford to manage NZ shares for Arcus
19 Jan 2006 ANZ to launch new fixed interest service
19 Jan 2006 Kiwisaver think-tank planned
19 Jan 2006 ANZ to launch new fixed interest service
19 Jan 2006 Pero sees growth in lo-doc market
18 Jan 2006 GE cleared to buy Pacific Retail
18 Jan 2006 January 2006
18 Jan 2006 Infrastructure bonds on their way
17 Jan 2006 Absolute Capital appoints new BDM
17 Jan 2006 Fixed home loan rates start the year falling
17 Jan 2006 Biggest year in a decade: Arkinstall
16 Jan 2006 Looking for the perfect investment - Part 2
16 Jan 2006 House prices up again in December
16 Jan 2006 News Round Up
16 Jan 2006 Auckland house prices hit record high
15 Jan 2006 House prices up again
13 Jan 2006 Morningstar buys asset allocation firm
12 Jan 2006 Solly moves to Goldman Sachs
12 Jan 2006 Salary sacrifice crackdown looming
12 Jan 2006 Salary sacrifice crackdown looming
11 Jan 2006 Managers predict softer returns in intl markets
11 Jan 2006 Online underwriting rolled out
10 Jan 2006 OM-IP funds reach significant milestone
09 Jan 2006 Weekly Wrap: Reserve Bank may regulate financial services
09 Jan 2006 General Finance aims to outdo banks
09 Jan 2006 News Round Up
07 Jan 2006 Maybe we are saving enough?
06 Jan 2006 RBNZ may regulate financial services
05 Jan 2006 Looking for the perfect investment
05 Jan 2006 Stirrat joins For Barr
05 Jan 2006 Liberty combines home loans
04 Jan 2006 Grey list to go: Cullen
04 Jan 2006 AIA tries new tack to promote insurance
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