GoodReturns
Archive - 2020
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May 2020
19 May 2020 International vaccine news excites market
19 May 2020 Leading Adviser explains why a group's actions need to speak louder than words
19 May 2020 Rent increase freeze to change the market
19 May 2020 Markets expect negative rates; Licensing applications continue
19 May 2020 Applications show small advice firms still see future: FMA
18 May 2020 NZ shares rise on US futures and weakening currency
18 May 2020 Markets price in negative interest rates
18 May 2020 T Rowe Price makes Australasian appointment
18 May 2020 Navigating level two: what landlords need to know
18 May 2020 Nelson Building Society cuts rates; Pain in property market
16 May 2020 Optimistic view of New Zealand equities likely to continue [+VIDEO]
15 May 2020 NZ shares edge lower as investors digest QE, covid fund
15 May 2020 House sales plummet in lockdown
15 May 2020 BNZ launches sub 3% rate; Subsidy welcomed by industry
14 May 2020 Cigna boosts commission
14 May 2020 How Budget 2020 supports the housing market
14 May 2020 Budget delivers for stricken advisers, FMA
14 May 2020 Investors fear slow global recovery
14 May 2020 Industry welcomes wage subsidy extension
14 May 2020 Budget 2020: Social housing boost
14 May 2020 Association CEO joins Trustees Executors board
14 May 2020 Bounce back
14 May 2020 Industrial holdings leave Provincia in strong position
14 May 2020 OCR reaction: Reserve Bank open to lower, negative rates
14 May 2020 New Zealanders hungry for advice, Sorted says
13 May 2020 NZ shares fall on US fears of new outbreaks
13 May 2020 OCR reaction: Reserve Bank open to lower, negative rates
13 May 2020 OCR reaction: Reserve Bank open to lower, negative rates
13 May 2020 OCR decision revealed
13 May 2020 COMMENT: Which property markets are most vulnerable?
13 May 2020 Finzo develops 360 integrated solution
13 May 2020 Westpac goes sub 3%; The Co-operative Bank cuts rates
13 May 2020 Wealthpoint advisers ‘cautiously optimistic’
13 May 2020 FSCL: Keep in touch with clients
12 May 2020 Choppy trading on market but tide rises
12 May 2020 Westpac goes sub 3%, The Co-operative Bank cuts rates
12 May 2020 $1.5 billion in claims paid, FSC says
12 May 2020 Insurers hoping for loyalty out of Covid-19 offers
12 May 2020 Elephant in the room at level two
12 May 2020 TSB and ANZ launch sub 3% rates; Advisers plan return to the office
12 May 2020 Advisers plan return to the office
12 May 2020 Reconciling wants to needs
12 May 2020 OBITUARY: Janet Brownlie
11 May 2020 Back to the office on Thursday (if you want)
11 May 2020 Cigna offers enhancements, online quote tool
11 May 2020 Market rises as the economy reopens; Sky TV soars
11 May 2020 TSB drops one year rate to 2.89%, ANZ to 2.99%
11 May 2020 There’s life in the market yet
11 May 2020 Your last chance to win; What will happen to the OCR this week?
11 May 2020 OCR Preview: Economists predict rate will stay on hold
09 May 2020 Advisers caught by rebate time limit
08 May 2020 NZ shares rise as leisure economy set to resume
08 May 2020 Investors expect road ahead to be tougher
08 May 2020 Fidelity Life makes board appointment
08 May 2020 AMP puts stop to wealth management sale plans
08 May 2020 FSCL reports email breach
08 May 2020 ASB and Kiwibank launch sub 3% mortgages; Pepper hires two new BDMs
08 May 2020 Two new BDMs at Pepper Money
08 May 2020 Let’s have the grown-up in charge
08 May 2020 Level the KiwiSaver default playing field
08 May 2020 ASB and Kiwibank trigger price war with 2.99% mortgages
07 May 2020 Financial advisers should get Budget boost: Shanks
07 May 2020 Real estate in level two
07 May 2020 Level 2 details boost Tourism Holdings, Restaurant Brands
07 May 2020 ISG on acquisition trail thanks to Covid 19
07 May 2020 Markets price in strong chance of 0% OCR
07 May 2020 Market enters unknown waters
07 May 2020 Displays of emotional intelligence from advisers is more likely to earn trust than digital literacy
07 May 2020 MDRT waives production requirements
07 May 2020 INVITE: Partners Life mini-conference
06 May 2020 Pandemic will reset all markets, economist says
06 May 2020 Capital investor calls for commercial rates moratorium
06 May 2020 NZ shares rise as Pushpay climbs to new heights
06 May 2020 Judge keeps Ross ponzi class action alive
06 May 2020 What does the future hold for oil?
06 May 2020 Housing market will take two years to recover
06 May 2020 Insurance adviser conduct obligations
06 May 2020 Housing market will take two years to recover
06 May 2020 MPs prefer super savings and property
06 May 2020 Market enters unknown waters
05 May 2020 Investors find hope in a trans-Tasman bubble
05 May 2020 Uncertain future for commercial development
05 May 2020 Familiar face moves into general insurance
05 May 2020 Westpac expects loan impairments; New record low mortgage
05 May 2020 SiFA: CoFI needs complete rewrite
04 May 2020 Whineray takes a pay cut
04 May 2020 Dealer groups should strengthen: AIA
04 May 2020 NZ shares rise in late rally as blue chips gain
04 May 2020 Contactless solution for rental viewings
04 May 2020 New record low mortgage rate at 2.8%
04 May 2020 Sharecare tackles lockdown strife
04 May 2020 SuperCity sales fall 50% in lockdown
04 May 2020 Westpac loan impairments soar to $211 million
04 May 2020 NZ Funds adds to investment expertise
04 May 2020 End of LVR rules: advisers react
04 May 2020 [The Wrap] Lockdown low down (have advisers taken their own advice?)
04 May 2020 End of LVR rules: advisers react
02 May 2020 NZ Funds cuts ties with Morningstar
01 May 2020 Investor fatigue sets in after April rally
01 May 2020 Majority of MPs qualify as property investors
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.
2 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.
2 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.
4 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…
4 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".
4 days ago Paul Flood