GoodReturns
Archive - 2009
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May 2009
26 May 2009 Complaints rules edge closer
26 May 2009 Rental yields better bet than capital gains: ASB
26 May 2009 ANZ gauges find demand is making property a sellers’ market
26 May 2009 Unique property up for lease
25 May 2009 Kiwibank keeps mum on four-day deposit rate bonanza
25 May 2009 Tower Insurance eyes up small business
25 May 2009 Westpac expects pause to rate cuts
25 May 2009 Managed futures seminar
25 May 2009 ASFONZ Education – Introduction to Workplace Savings
25 May 2009 Rates Round Up
25 May 2009 News round-up
22 May 2009 SIFA Conference 2009
22 May 2009 No points for coming last
22 May 2009 Macquarie adds to advice team
22 May 2009 V for victory for landlords
22 May 2009 Equities still a risk but don't rule them out
22 May 2009 Indicator shows worst maybe over for housing market
22 May 2009 Immigration pick up a plus for housing market
21 May 2009 RI option for Mercer KiwiSaver customers
21 May 2009 First major KiwiSaver consolidation announced
21 May 2009 Sovereign to get new MD
21 May 2009 Gut feel ends PIS/Newpark deal
21 May 2009 Opinion: Life Brokers have a bob each way in professional associations
21 May 2009 Capital rules about to hit
21 May 2009 PAA puts publicity in perspective
20 May 2009 Life Brokers Association 2009 Conference & AGM
20 May 2009 NZ fund managers no dunces
20 May 2009 BNZ to raise $150m through share offer
20 May 2009 An update from the Securities Commission
20 May 2009 ETITO sessions on regulation and education
20 May 2009 Mortgage watch: Banks still not budging
20 May 2009 Funds management comes last in survey
19 May 2009 19 May 2009
19 May 2009 Institute defends naming
18 May 2009 Clear and formal roadmap for AIG
18 May 2009 Mortgage borrowing strategy
18 May 2009 Rates Round Up
18 May 2009 News Round Up
15 May 2009 Tough and tougher
15 May 2009 RTA hitting Parliament with key changes
15 May 2009 Double digit house price rises not the norm
15 May 2009 IFA welcomes Cotton appointment, deadline back on track
15 May 2009 Affordable new homes stack up for investors
14 May 2009 Borrowers could be $1.2 billion better off
14 May 2009 Floating rates too low: Alexander
14 May 2009 Minister appoints commissioner - for now
14 May 2009 Water rates fire stoked again
14 May 2009 Tougher rules for non-bank sector
13 May 2009 RBNZ defends OCR, disappointed with banks' response
13 May 2009 Residential housing may have hit bottom, as sales improve
13 May 2009 ASFONZ Education Module: Best Practice Governance
13 May 2009 IFA applies shame factor
12 May 2009 BIG gets bigger
12 May 2009 Residential market shows signs of stabilising: REINZ
12 May 2009 Regional highlights: REINZ
12 May 2009 Read joins Newpark
12 May 2009 Commission recommends compliance by the book
12 May 2009 Confidence returning to residental housing market: Survey
11 May 2009 Super-sized commercial syndicate hits Auckland
11 May 2009 First NZ Capital taps demand for yield with new PIE fund
11 May 2009 Property values show hint of stabilisation: QV
11 May 2009 News round-up
10 May 2009 Regional snapshot: QV
08 May 2009 Property market health check
08 May 2009 The most contentious regulation issue
08 May 2009 Banks avoid training costs under new rules, says PAA
07 May 2009 ASFONZ / Women In Super Industry Breakfast
07 May 2009 PAA, LBA dismiss PI concerns
06 May 2009 ASFONZ / Women In Super Industry Breakfast
06 May 2009 Market Review: May 2009 Commentary
06 May 2009 Market Review: May 2009 London Commentary
06 May 2009 Significant changes at Salvus
06 May 2009 Mortgagee sales well below market value
05 May 2009 Small lenders take on big banks
05 May 2009 No signs of surge in activity slowing
05 May 2009 Opinion: Folly, money and pain
05 May 2009 Strategic Finance struggles to refinance on property slump
05 May 2009 Diplock heralds single Australasian advisory market
04 May 2009 PIS Professional Development Days
04 May 2009 News round-up
01 May 2009 [Weekly Wrap] I’m covered by PI insurance – Yeah right
01 May 2009 Is the buyers’ market about to end?
01 May 2009 IFA slates Lumley over PI
01 May 2009 IFA slates Lumley over PI
April 2009
30 Apr 2009 Rate cut good news
30 Apr 2009 Rabo caps PIE offer
30 Apr 2009 Home-building approvals dip to 17-year low
30 Apr 2009 National Bank, ASB, SBS, BNZ break fees cleared by regulator
30 Apr 2009 National Bank, ASB, SBS, BNZ break fees cleared by regulator
30 Apr 2009 Bollard slashes rates and says they will stay low
30 Apr 2009 RBNZ cuts OCR to record low 2.5%
30 Apr 2009 RBNZ cuts OCR to record low 2.5%
30 Apr 2009 Magellan bullish on developing markets
29 Apr 2009 Health insurance market is weathering the storm
29 Apr 2009 NAB says BNZ home loans book grew $500m in first half
29 Apr 2009 ASFONZ Annual General Meeting
29 Apr 2009 KiwiSaver still as popular as ever
29 Apr 2009 Equities more attractive as global economy troughs
29 Apr 2009 Conroy joins Asteron in senior leadership role
28 Apr 2009 Viaduct Capital returns to market sans guarantee
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.
16 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.
18 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