GoodReturns
Archive - 2016
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
April 2016
29 Apr 2016 Unfounded fears put people off KiwiSaver
28 Apr 2016 Agreement clears way for managers' international expansion
28 Apr 2016 PAA outlines plans to authorise all advisers
28 Apr 2016 PledgeMe approved for lending
28 Apr 2016 Outer Auckland leads rent growth
28 Apr 2016 PAA sorry for launch invitation
28 Apr 2016 OCR hold right call – for now
28 Apr 2016 OCR Held - Here's what was said
28 Apr 2016 OCR held: What the Reserve Bank said
28 Apr 2016 Soft commission under scrutiny
28 Apr 2016 Workplace Savings board members step down
28 Apr 2016 Healthy job market for advisers, recruiter says
28 Apr 2016 Rise in investor lending reflects strong market
28 Apr 2016 OCR hold right call – for now
27 Apr 2016 Devil in land tax detail
27 Apr 2016 IMF to assess New Zealand
27 Apr 2016 Flipping tax talk misleading
27 Apr 2016 Westpac commission review - what does that mean for brokers here?
27 Apr 2016 Better disclosure needed - but how?
27 Apr 2016 Westpac launches commission review
27 Apr 2016 Thumbs up for roboadvice rules
26 Apr 2016 Battle lines clearly drawn
26 Apr 2016 Land tax not the way to go
26 Apr 2016 KiwiSaver withdrawals suggested to pay for advice
26 Apr 2016 Insurance shake up
26 Apr 2016 OCR guessing game - what economists think
26 Apr 2016 Banks keen to hold on to QFE model
25 Apr 2016 Spicers, AdviceFirst to merge
25 Apr 2016 Building blocks
22 Apr 2016 Sovereign launches rewards for healthy living
22 Apr 2016 Odds against OCR cut
22 Apr 2016 Mortgage Express expands team
22 Apr 2016 Testing makes sense
22 Apr 2016 New technology to streamline property deals
22 Apr 2016 Are you confronting clients' biases?
21 Apr 2016 Bright moves on from Global Pacific
21 Apr 2016 Is the migration flow turning?
21 Apr 2016 NZ Super fund and Milford cut ties
21 Apr 2016 Streamlining property transactions
21 Apr 2016 Static rents tough for landlords
21 Apr 2016 Capitalising on the capital
21 Apr 2016 Fewer than 1000 complete level 5
21 Apr 2016 Law Society backs greater powers for professional associations
20 Apr 2016 Conservative funds take lead
20 Apr 2016 New insulation standards finalised
20 Apr 2016 More restrictions on the way?
20 Apr 2016 Associations' stance questioned
19 Apr 2016 Southern Cross targets younger market
19 Apr 2016 Capital price prospects
19 Apr 2016 Are more housing market curbs on the agenda?
19 Apr 2016 NZSF sells investments
19 Apr 2016 FPSB seeks directors
19 Apr 2016 Are more housing market curbs on the agenda?
19 Apr 2016 Later rather than sooner for OCR cut
19 Apr 2016 Transition RFAs to higher standard: PAA
19 Apr 2016 UDC purchase will require big capital base
19 Apr 2016 CPI shows signs of levelling out
18 Apr 2016 CPI shows signs of levelling out
18 Apr 2016 SuperCity offerings for investors
18 Apr 2016 Seven deadly sins of the policy document
18 Apr 2016 More changes at AMP Capital
18 Apr 2016 Giving inflation a chance
18 Apr 2016 TSB takes lead in two-year space
18 Apr 2016 MPs skip KiwiSaver
15 Apr 2016 Stephens: Reserve Bank probably considering other tools
15 Apr 2016 Share appoints growth manager
15 Apr 2016 Jumping into the deep end
15 Apr 2016 RBNZ lock-ups scrapped following leak
15 Apr 2016 AIA introduces new commission option
14 Apr 2016 Standard definitions might not be silver bullet
14 Apr 2016 Former RFA pledges to stop advising
14 Apr 2016 New structure brings finance grunt to Taurus
14 Apr 2016 RBNZ confirms OCR leak
14 Apr 2016 Battleground Auckland
14 Apr 2016 Two thirds of MPs are investors
14 Apr 2016 OCR - will it stay or will it go?
14 Apr 2016 Morningstar researcher departs
14 Apr 2016 Time for new way to value equities?
13 Apr 2016 Out of the doldrums, into the fire
13 Apr 2016 Insurance rules get review
13 Apr 2016 Predicting the RBNZ's next OCR announcement a head scratcher
13 Apr 2016 Sellers' confidence soaring high
13 Apr 2016 Property market reignites
13 Apr 2016 Companies dodging regulation a headache for FMA
13 Apr 2016 IDS to offer complaint service
12 Apr 2016 Synergy BDM to pick up international lessons
12 Apr 2016 SuperCity tracking up - again
12 Apr 2016 The rise of renters
12 Apr 2016 Advisers must save clients from themselves
12 Apr 2016 KiwiSaver key to insurance future
12 Apr 2016 Squirrel raises $3.5 million to help with expansion
12 Apr 2016 Planet considers organisations' future
11 Apr 2016 Chorus offers bonds with minimum 4.1% rate
11 Apr 2016 KiwiSaver treated like a bank account, not investment
11 Apr 2016 New shareholders may help Kiwibank
11 Apr 2016 Advisers misusing wholesale definition
11 Apr 2016 Heartland gives Harmoney extra backing
11 Apr 2016 A fund manager fee conundrum
11 Apr 2016 Rental market on the rise
09 Apr 2016 Share sale may help Kiwibank get back market share
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.
3 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.
3 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.
5 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…
5 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