GoodReturns
Archive - 2021
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April 2021
29 Apr 2021 Industry ‘report card’ far from straight As says FMA
29 Apr 2021 Could fear of overpaying shift housing market?
28 Apr 2021 [GRTV] Coates and ethical investing on the latest episode of GRTV
28 Apr 2021 Small stocks lead NZ shares higher
28 Apr 2021 Reserve Bank publishes cyber resilience guidance
28 Apr 2021 New board member for Accuro
28 Apr 2021 Tower launches partnership with NZ Defence Force
28 Apr 2021 UK trialling ‘sidecar savings’: Expert says NZ could do it better
28 Apr 2021 Interest rate rises scary for property investors
27 Apr 2021 A2 Milk hits four year low
27 Apr 2021 Short-term interest rates drop - long-term loans on the up
27 Apr 2021 AMP Capital appoints new head of investments
27 Apr 2021 The rising cost of PI for advisers; More home loan rate increases
27 Apr 2021 Next generation of industrial property
27 Apr 2021 CoFI under consultation
25 Apr 2021 Rents skyrocket again
23 Apr 2021 NZ shares rise; A2 Milk slumps
23 Apr 2021 [The Wrap] Getting politically correct with fund managers
23 Apr 2021 NZ Funds defends advertising campaign
23 Apr 2021 AMP Ares deal formally axed
23 Apr 2021 First interest rate rise; Advisers grumbling at the G
23 Apr 2021 Eviction notice oversteps tenants’ rights – results in damages
23 Apr 2021 Dispute resolution schemes up for review
22 Apr 2021 FP Healthcare props up share market
22 Apr 2021 Bancassurance – an opportunity for advisers?
22 Apr 2021 FMA warning – Don't overstate your 2020 returns
22 Apr 2021 Teething problems for NZFSG
21 Apr 2021 Covid hits sharemarket - again
21 Apr 2021 Carmel Fisher swims off to retirement
21 Apr 2021 nib helps protect future rugby stars
21 Apr 2021 Returning Kiwi bolsters ranks at Generate KiwiSaver
21 Apr 2021 Squirrel launches 95% mortgage; Heartland launches low rate revolving credit
21 Apr 2021 Squirrel launches 95% mortgage
21 Apr 2021 Partners Life focuses on advisers with new appointment
21 Apr 2021 Winners from new housing policies
21 Apr 2021 A KiwiSaver's pandemic panic
20 Apr 2021 NZ shares sink as investors watch for inflation
20 Apr 2021 Speedy uptake of property fund offer
20 Apr 2021 Guardians of NZ Super makes new appointment to NZ Equities team
20 Apr 2021 Heartland launches cut-price revolving credit product
20 Apr 2021 Housing market's unlikely Covid boost
20 Apr 2021 Effective vaccine, better earnings spur on markets
20 Apr 2021 Housing market's unlikely Covid boost
20 Apr 2021 Aussie advisers: Not keen on digital advice
20 Apr 2021 PAA Legacy Trust announces new chair
19 Apr 2021 NZ shares rise on trans-Tasman bubble
19 Apr 2021 If in doubt - disclose
19 Apr 2021 Latest ASSET Magazine out now
19 Apr 2021 Private funders seek deals; Avanti hires
19 Apr 2021 Enormous leap in housing stock value
19 Apr 2021 Private fund activity grows
19 Apr 2021 Advisers’ role in the National Strategy for Financial Capability
19 Apr 2021 MMC further expands its executive team
17 Apr 2021 The billion-dollar man - Duff ends 63-year insurance career
16 Apr 2021 BlackRock dumps $1 billion stake in Meridian and Contact
16 Apr 2021 Cigna applies new commissions for advisers
16 Apr 2021 Avanti aims for experience in top roles
16 Apr 2021 Banks given clean bill of health — but will Aussie lenders sell NZ operations?
16 Apr 2021 Compass Life heads in a new direction after buy-out
15 Apr 2021 North Shore’s a sure thing
15 Apr 2021 Investors cash up $100m for renewable energy sell-off
15 Apr 2021 Banks and non-banks given clean bill of health
15 Apr 2021 House prices hit new highs
15 Apr 2021 Lower for longer rate environment ahead
15 Apr 2021 US fraudster dies in prison
15 Apr 2021 Advisers should lead from the front on climate disclosure
14 Apr 2021 Market ‘perfectly priced’ for placeholder monetary review
14 Apr 2021 MMC deliver high client service levels despite disruptive times
14 Apr 2021 Role changes for Fidelity Life executives
14 Apr 2021 Economists react as OCR kept on hold
14 Apr 2021 Salt adds new global funds manager to the mix
14 Apr 2021 OCR decision revealed
14 Apr 2021 Mortgaged investors still buying, but the game has changed
14 Apr 2021 Active+ appoints new chief executive
14 Apr 2021 One year of nib Covid-19 support for members and community
14 Apr 2021 Booster hops on the craft beer bus
14 Apr 2021 Advisers’ part to play: FMA KiwiSaver fee guidance
13 Apr 2021 Aussie investors spot value in A2 Milk
13 Apr 2021 Asteron adds to North Island management team
13 Apr 2021 OCR could be on hold for four years
13 Apr 2021 FMA breaks down the data
13 Apr 2021 Rates could be on hold for four years
13 Apr 2021 Pandemic shifting the dial on residential design
12 Apr 2021 Shares sink on shock CEO resignations
12 Apr 2021 Partners Life back big-screen documentary
12 Apr 2021 OCR predictions revealed; SBS rate hikes
12 Apr 2021 Top ANZ executive to leave in June
12 Apr 2021 OCR Preview Survey: Rate to hold
12 Apr 2021 The best in ethical investing to be awarded
12 Apr 2021 nib brings back popular offer
10 Apr 2021 From army life to life insurance - a big gun leaves the industry
09 Apr 2021 Pacific Edge surges; NZX 50 falls
09 Apr 2021 Landlord polls: Rents will lift, sales will be low
09 Apr 2021 QuoteMonster appoints new general manager
09 Apr 2021 Valocity aims to cut valuation turnaround times
09 Apr 2021 Valocity aims to cut valuation turnaround times
09 Apr 2021 NZ Super Fund: Links to Myanmar military
08 Apr 2021 A2 helps NZ shares play catch up
08 Apr 2021 Cigna unveils significant changes
08 Apr 2021 Reverse mortgage enquiries soar
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".
5 days ago Paul Flood