GoodReturns
Archive - 2009
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April 2009
28 Apr 2009 Southern Cross has rating affirmed
28 Apr 2009 One strike and you're out - policy unfair
28 Apr 2009 McMillan develops new career at TNP
27 Apr 2009 McMillan set to leave PAA
27 Apr 2009 Rates round-up
27 Apr 2009 News Round Up
26 Apr 2009 50 pt rate cut predicted
24 Apr 2009 [Weekly Wrap] Did I hear you say progress?
24 Apr 2009 Fronting up on asset allocation
24 Apr 2009 Three changes at Guardian
24 Apr 2009 Adviser case ruling controversial
24 Apr 2009 GRA wins top trustee award
23 Apr 2009 Flat fee companies being discriminated against?
23 Apr 2009 Turning rate thinking on its head
23 Apr 2009 UK transfers boost AXA NZ kitty
23 Apr 2009 Turning rate thinking on its head
22 Apr 2009 Women in Super industry breakfast
22 Apr 2009 Most KiwiSaver funds positive
22 Apr 2009 Sales activity returning
21 Apr 2009 Local incorporation out of insurance bill
21 Apr 2009 ING's three headed distribution team
21 Apr 2009 New rules for advisers outlined by Sec Com
21 Apr 2009 Sec Comm thoughts on setting adviser competence standards
21 Apr 2009 Rabo's new PIE
21 Apr 2009 Commission says company must tell both sides of story
21 Apr 2009 Viaduct Capital loses Crown guarantee
21 Apr 2009 IFA appoints investment group committee
20 Apr 2009 News Round Up
17 Apr 2009 [Weekly Wrap] Is this a turning point in the markets?
17 Apr 2009 Kiwis recognise need to save for retirement
17 Apr 2009 Product recall argument daft
17 Apr 2009 Be careful who you listen to
17 Apr 2009 Infrastructure - Having you cake and eating it too
17 Apr 2009 Liontamer looks to Australia
17 Apr 2009 Improving market encourages more sales at Pegasus
16 Apr 2009 Professionals split over KiwiSaver
16 Apr 2009 Drug case outcome sets the bar
15 Apr 2009 Smedley leaves Guardian Trust
15 Apr 2009 Pathfinder looks for beta times
14 Apr 2009 Tower software aims for new standard
14 Apr 2009 Rates round-up
14 Apr 2009 News round-up
09 Apr 2009 Price data can confuse
09 Apr 2009 [Weekly Wrap] The return of an old friend
09 Apr 2009 Residential Real Estate market spikes: REINZ
09 Apr 2009 Residential Highlights – March 2009
09 Apr 2009 Eco-My-Flat competition encourages better tenants
09 Apr 2009 Economists agree OCR cut coming
09 Apr 2009 Govt weighs up foreign fund free-for-all
09 Apr 2009 NZ property values drop 9.3%
09 Apr 2009 QV residential highlights - March 2009
08 Apr 2009 Five Star directors banned
08 Apr 2009 Market Review: April 2009 Commentary
08 Apr 2009 Market Review: London April 2009 Commentary
08 Apr 2009 [Book] The Complete KiwiSaver
08 Apr 2009 Figures show baby boomers after property bargains
08 Apr 2009 ASFONZ / Women In Super Wellington Breakfast
08 Apr 2009 Plan B to see Fowler in court
07 Apr 2009 ANZO signs up new portfolio manager
07 Apr 2009 Syndicated property back
07 Apr 2009 Public Trust gets govt guarantee on interest
07 Apr 2009 Figures show baby boomers after property bargains
06 Apr 2009 Rates round-up
06 Apr 2009 News round-up
03 Apr 2009 [Weekly Wrap] Reinventing the wheel
03 Apr 2009 Change of leadership for AMP
03 Apr 2009 A new worry for the market
03 Apr 2009 Auckland house sales hit 20-month high
03 Apr 2009 Falling interest rates making property more attractive
03 Apr 2009 PIS International Conference 2009
03 Apr 2009 Kiwibank grabs market share as Aussie banks shut shop
03 Apr 2009 A bouquet for associations
03 Apr 2009 G5 takes off with NZMBA on board
03 Apr 2009 Money@Work
02 Apr 2009 Marac appoints new CEO
02 Apr 2009 Fidelity snaps up Whyte for directorship
02 Apr 2009 AXA plus four in new advisory JV
02 Apr 2009 Women in Super industry breakfast
01 Apr 2009 ISI calls for 2011 date for life tax changes
01 Apr 2009 New non-bank rules due this year
March 2009
31 Mar 2009 HSBC's profit jumps despite bad loans ballooning
31 Mar 2009 Gatward joins Public Trust
31 Mar 2009 Bluestone actively managing loans
31 Mar 2009 Predicted growth surge positive for housing
31 Mar 2009 Landlords warned over drug rings
31 Mar 2009 ING and LM Investments battle over fund redemption
30 Mar 2009 AXA to wind up mortgage funds
30 Mar 2009 Home-building approvals rise
30 Mar 2009 10th Annual Superfunds Conference
30 Mar 2009 One plan to cut resource management inertia
30 Mar 2009 SBS profit jumps in Dec Qtr despite rising mortgage arrears
30 Mar 2009 News round-up
27 Mar 2009 Weekly Wrap: Let's get the ball rolling
27 Mar 2009 Let's get the ball rolling
27 Mar 2009 Regs wait for Commissioner
26 Mar 2009 Tasman Mortgages placed in liquidation
26 Mar 2009 Fonterra may sell more NZ bonds amid strong investor demand
26 Mar 2009 Cull continues at ING
26 Mar 2009 Opinion: Screwing up the recession
26 Mar 2009 Camelot Conference
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