GoodReturns
Archive - 2010
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May 2010
27 May 2010 Rates about to rise
27 May 2010 Time running out for life companies to announce premium increases
27 May 2010 Tyndall hopes to entice fee based advisers
27 May 2010 NZF announces securitisation
27 May 2010 Property values set to rise as knockers talk up budget’s impact
27 May 2010 Leaky homes not eligible for depreciation deductions under new rules
26 May 2010 Fidelity Life taking a different approach to tax increases
26 May 2010 NZF securitises $100 mill loan book
26 May 2010 Sam Knowles quits as head of Kiwibank
26 May 2010 Sam Knowles quits as head of Kiwibank
26 May 2010 INFINZ Capital Markets Forum
26 May 2010 Another month, another delay on ComCom’s ING decision
25 May 2010 Two of three Compass loans total duds
25 May 2010 Asteron premiums to increase 7.5%
25 May 2010 F&P Finance goes for money beyond extended guarantee
25 May 2010 IFA half-price sale now on
24 May 2010 Sovereign explains its cuts to adviser commissions
24 May 2010 Euro zone volatility may push out OCR hike
24 May 2010 Half of landlords will put up rents
24 May 2010 Mercer appoints new head of Investment Consulting
24 May 2010 Quiet start to week
24 May 2010 Rates round up
23 May 2010 News Round Up
21 May 2010 Women In Super Breakfast
21 May 2010 Budget adds to June 10 OCR hike expectation
21 May 2010 TOWER premiums to rise 7%
21 May 2010 Property investors got off lightly
21 May 2010 LAQC’s will be a “dead man walking”
21 May 2010 Govt's tax changes means tenants will pay more rent
21 May 2010 Residential property investors to get another bite at fit-out cherry
20 May 2010 Property industry to pay for Budget
20 May 2010 Budget adds pressure to rates
20 May 2010 Government cuts tax on savings vehicles to 28%
20 May 2010 Government closes loopholes for LAQCs
20 May 2010 Depreciation: Here today, gone tomorrow
20 May 2010 BUDGET RELEASE: Property tax changes increase fairness
20 May 2010 Strong demand for bonds, but little on offer
20 May 2010 Budget Day
20 May 2010 Financial Advisers Act — Are you prepared?
19 May 2010 SFO lines up more charges for Bridgecorp's Petricevic and Roest
19 May 2010 South Canterbury Finance recovers $200 mill
19 May 2010 End of retail deposit guarantee threatens fin coy liquidity: RBNZ
19 May 2010 Reserve Bank assesses state of insurance sector
19 May 2010 Pursing investment themes
19 May 2010 Sovereign reducing adviser commissions
19 May 2010 Why short term rates are rising
19 May 2010 LBA National Conference
19 May 2010 PAA-AIA Roadshow
19 May 2010 Independent advisers in for a rough time: Weatherston
18 May 2010 Fisher & Paykel Finance gains acceptance to extended guarantee scheme
18 May 2010 Compliants scheme gets GM
18 May 2010 The turning point has come – start fixing
18 May 2010 Budget preview: Property in line of fire
18 May 2010 Financial Advisers Act — Are you prepared?
18 May 2010 PAA-AIA Roadshow
18 May 2010 PAA-AIA Roadshow
18 May 2010 Regulatory risks the biggest threat to Australasian investors
18 May 2010 NZ investors' love affair with rental properties appears to be fading
17 May 2010 Macquarie Wealth appoints investment adviser
17 May 2010 14 lenders increase short-term rates
17 May 2010 One step closer to leaky home resolution?
17 May 2010 Budget to support monetary policy
17 May 2010 Marac charges up non-secured deposits
17 May 2010 Otago investors reluctant to use new rating scheme
17 May 2010 Rates Round Up
17 May 2010 AXA deal not a strategic necessity: AMP
14 May 2010 Viaduct Capital calls in the receivers
14 May 2010 IFA gets new president
14 May 2010 Key on property investors' menu too?
14 May 2010 Home sales decline in April: REINZ
14 May 2010 REINZ residential highlights - April 2010
14 May 2010 ASB's mortgage broking man goes
14 May 2010 ASB's mortgage broking man goes
14 May 2010 IFA whittles down CEO hunt
13 May 2010 One-year rates on the rise
13 May 2010 The Hunt Report: Moving of the deck chairs
13 May 2010 Business Update 2010: Free FSPR seminars from Companies Office
13 May 2010 Morningstar NZ sales chief crosses the ditch
13 May 2010 Fidelity ownership unchanged
13 May 2010 Triple whammy for some advisers
13 May 2010 Student accommodation drives Dunedin market
12 May 2010 Propertyfinance Group recommends voluntary liquidation
12 May 2010 Regulation not strangulation for KiwiSaver please
12 May 2010 Labour pushes for changes to rules around residential tenants
12 May 2010 Opinion: Newpark, Naomi and Us
12 May 2010 Banks repay $0.8m in overcharged break fees
12 May 2010 Banks repay $0.8m in overcharged break fees
12 May 2010 EITITO poaches another Adviserlink chief
12 May 2010 Financial Advisers Act — Are you prepared?
12 May 2010 Pathfinder prepares to launch second fund with a focus on water
11 May 2010 Receivers coy on future payments to Five Star investors
11 May 2010 Business Update 2010: Free FSPR seminars from Companies Office
11 May 2010 KiwiSaver returns plateau after four quarters of gains
11 May 2010 Financial Advisers Act — Are you prepared?
10 May 2010 Taxpayers bail out another finance company
10 May 2010 Advisers forced to tell on each other
10 May 2010 Receiver still untangling OPI Pacific's position
10 May 2010 Greek tragedy derails rate hike certainty
10 May 2010 KiwiSaver Performance Survey
10 May 2010 Term Deposits
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.
20 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.
22 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