GoodReturns
Archive - 2009
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February 2009
27 Feb 2009 Three stars for Southern Cross
27 Feb 2009 MARAC profit falls 48%
27 Feb 2009 Housing confidence rises as prices slip
27 Feb 2009 The National Partnership
27 Feb 2009 Market’s not bottomed out yet – Tower
26 Feb 2009 Rates strategy delivers for Kiwibank
26 Feb 2009 AIG looking to sell all of AIA in Asia Pacific
26 Feb 2009 Life insurance sales strong
26 Feb 2009 The National Partnership
26 Feb 2009 ING unveils new rescue plan for CDO funds
26 Feb 2009 NZF to renegotiate Westpac funding after Genworth downgrade
26 Feb 2009 Advisers and loyalty
25 Feb 2009 Strategic posts first-half loss
25 Feb 2009 9th Annual Competition Law & Regulation Review Conference
25 Feb 2009 Manukau City: Face of the future
25 Feb 2009 The National Partnership
25 Feb 2009 High-end dealer group gathers steam
25 Feb 2009 TSB holds mortgage market share as profit drops
24 Feb 2009 Readers respond: Changes to RTA
24 Feb 2009 RTA changes swing favour towards landlords
24 Feb 2009 ING surgically removed as Medical's manager
24 Feb 2009 Rates round-up
23 Feb 2009 Avoid unexpected GST bills on apartment sales
23 Feb 2009 Bollard to cut rates again: economists debate the magnitude
23 Feb 2009 F&P Finance flourishing
23 Feb 2009 Curtin steps down from Mint
23 Feb 2009 News Round Up
20 Feb 2009 Rate Watch: Next round of cuts starting
20 Feb 2009 Weekly Wrap: Reveal week
20 Feb 2009 Goldridge expands it's adviser network
20 Feb 2009 AMP reinvigorating its adviser proposition
20 Feb 2009 IRD sets tight schedule for GST registration
19 Feb 2009 Tyndall's Andrew Hunt will be visiting New Zealand in March
19 Feb 2009 Mary Mary, quite contrary...
19 Feb 2009 AXA reports tough times
19 Feb 2009 Govt looks at regulating property managers
19 Feb 2009 RTA review under way by National
18 Feb 2009 BNZ share of mortgage market shrinks
18 Feb 2009 SHARE – Planning for Growth 2009
18 Feb 2009 Women in Super Breakfast.
18 Feb 2009 Opinion: Life by numbers
18 Feb 2009 Kiwibank hires 5 advisers while AMP tipped as fund provider
18 Feb 2009 English reassures property investors
17 Feb 2009 Fund manager of the year nominees announced
17 Feb 2009 Union members trickle through to Huljich
17 Feb 2009 United Home Loans unable to write new business
17 Feb 2009 Frightening rise in mortgagee sales: Yeah Right
17 Feb 2009 Asteron shuts retail super scheme as KiwiSaver kicks in
16 Feb 2009 Viento closes NZ office
16 Feb 2009 Market Review: February 2009 Commentary
16 Feb 2009 Market Review: London February 2009 Commentary
16 Feb 2009 TOWER: International Fixed Interest: A 2009 Recovery Story?
16 Feb 2009 AXA's rating improves
16 Feb 2009 News Round Up
16 Feb 2009 [Book] I Buy Houses: The Property Investor's Handbook
13 Feb 2009 Weekly Wrap: Who’s partnering with whom?
13 Feb 2009 Auckland City may raise $150m selling bonds
13 Feb 2009 House sales tumbled in January
13 Feb 2009 REINZ residential highlights - January 2009
13 Feb 2009 Where's the research?
12 Feb 2009 Home loan report: Cheap not always the easy option
12 Feb 2009 Cheap not always the easy option
12 Feb 2009 Paying pocket money makes a difference
12 Feb 2009 [Toolbox] The Tax Files
11 Feb 2009 Info about KiwiSaver changes availible
10 Feb 2009 ING closes another fund and delays CDO fund meeting
10 Feb 2009 BNZ's asset quality under pressure
10 Feb 2009 SBS adds five-year bond
10 Feb 2009 AXA makes play for Gould but game still on
10 Feb 2009 Health cover up as markets go down
10 Feb 2009 Sovereign scores Best mark
09 Feb 2009 PIS Strategic Planning Feedback Days
09 Feb 2009 Call for action over break fees
09 Feb 2009 News Round Up
09 Feb 2009 Moody’s downgrades Packaged Income Notes
09 Feb 2009 Tax bill delayed
09 Feb 2009 Residential highlights - January 2009
09 Feb 2009 House prices down 8.3%, affordability up
06 Feb 2009 Money at Work: Meridian Energy's Renewable Energy Notes
06 Feb 2009 Money at Work: Meridian Energy's Renewable Energy Notes
06 Feb 2009 Weekly Wrap: No retirement yet
05 Feb 2009 Mr Good News here again
05 Feb 2009 South Canterbury Finance bonds snapped up
05 Feb 2009 It's a great time to borrow
05 Feb 2009 Time for the association mega-merger?
05 Feb 2009 No retirement for old men and women, survey says
04 Feb 2009 It's a great time to borrow
04 Feb 2009 Auckland house sales, prices fell in January
04 Feb 2009 Opinion: Too good at selling life insurance?
04 Feb 2009 Kiwibank extends hand to brokers
04 Feb 2009 Newpark deal sunk by shareholder vote
04 Feb 2009 RMA changes help property investors
03 Feb 2009 Tower joins corporates seeking to tap demand for bonds
03 Feb 2009 Fonterra sets minimum rate for six-year bonds
03 Feb 2009 Dorchester to proceed with doomed liquidation vote
03 Feb 2009 Stability key for KiwiSaver providers
03 Feb 2009 KiwiSaver bright spot in funds flow
03 Feb 2009 Nothing left for Capital + Merchant investors
03 Feb 2009 New director of financial planning at Massey
02 Feb 2009 Nothing left for Capital + Merchant 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.
12 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.
14 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