GoodReturns
Archive - 2021
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 2021
08 Apr 2021 Biggest month in agency’s history
08 Apr 2021 Are interest-only lending limits less likely?; Heretaunga Building Society rate cut
08 Apr 2021 Keeping compliance costs down
07 Apr 2021 AMP Capital loses two senior members
07 Apr 2021 NZ shares climb as global economy tipped for recover
07 Apr 2021 Are interest-only lending limits now less likely?
07 Apr 2021 HSBC fixed rates creep up; Landlords feel the heat
07 Apr 2021 Two new Guardians appointed
07 Apr 2021 HSBC fixed rates creep up
06 Apr 2021 Interest in interest rates is rising
06 Apr 2021 Renewable energy stocks begin final descent
06 Apr 2021 Landlords feeling the heat – Government won’t care
06 Apr 2021 Recognising an outstanding career
06 Apr 2021 Have you been thinking enough about qualifications?
06 Apr 2021 Cash will be king for property investors
06 Apr 2021 Registered valuation chaos; Specialist property lender role
06 Apr 2021 Registered valuation chaos
06 Apr 2021 Are robots the future of advice?
02 Apr 2021 [The Wrap] FSLAA isn't the only big change advisers need to be aware of
01 Apr 2021 Thrills and spills for small cap stocks
01 Apr 2021 Pheasant spreads his wings
01 Apr 2021 AMP chief to exit, ANZ deputy to replace
01 Apr 2021 FMT's Kinzett to retire; Prospa added to government business loan scheme
01 Apr 2021 FMT's Tony Kinzett to retire
01 Apr 2021 Prospa included in Business Finance Guarantee scheme
01 Apr 2021 Responsible goes retail: why Mint has opened the SRI tin
March 2021
31 Mar 2021 Shares rise as tough quarter ends
31 Mar 2021 Concerns over valuation turnarounds; Bluestone bolsters Auckland presence
31 Mar 2021 Bluestone bolsters Auckland presence
31 Mar 2021 Concern over valuation turnarounds
31 Mar 2021 Cybercrime rise: Advisers need to be on guard
30 Mar 2021 Auckland Airport takes off; NZ shares gain
30 Mar 2021 Persistent failure to lodge bonds: First ever court case
30 Mar 2021 Insurance professionals get time to shine
30 Mar 2021 Sharp drop in building consents
30 Mar 2021 Cigna retains strong AM Best financial rating
30 Mar 2021 BNZ keeps lending tight amid turnaround struggle
30 Mar 2021 New FSPR reporting: What you need to know
29 Mar 2021 Serko cracks $7 as NZ shares rise
29 Mar 2021 BNZ keeps lending tight amid turnaround struggle
29 Mar 2021 Cigna retains high Financial Strength Rating
29 Mar 2021 Housing market on war footing
29 Mar 2021 How housing reforms could impact interest rates
29 Mar 2021 Hot in the Hutt
29 Mar 2021 How housing reforms could impact interest rates
29 Mar 2021 Manager takes a bet on cryptocurrency
26 Mar 2021 NZ shares finish week 1% lower
26 Mar 2021 Craigs Investment Partners’ CEO calling it a day
26 Mar 2021 AIA adds more benefits to Vitality; Changes Airpoints
26 Mar 2021 Wealthpoints adds expanded general insurance offering
26 Mar 2021 Mint NZ SRI fund now accessible to retail clients
26 Mar 2021 Big banks weigh affordability changes
26 Mar 2021 Big banks weigh affordability changes
26 Mar 2021 War of words over nukes
25 Mar 2021 Property stocks attract attention
25 Mar 2021 The year for property politicking
25 Mar 2021 ANZ reviews investor lending; Westpac NZ sale process
25 Mar 2021 ANZ reviews investor lending amid reforms
25 Mar 2021 Westpac confirms NZ sale process
24 Mar 2021 COMMENT: The good, the bad and the ugly
24 Mar 2021 Retirement stocks fall on housing policy
24 Mar 2021 Pathfinder first carbon-neutral KiwiSaver
24 Mar 2021 Mortgage Express Wairarapa appointment
24 Mar 2021 Advisers slam housing reforms; Westpac censured by Reserve Bank
24 Mar 2021 Advisers slam housing market reforms
24 Mar 2021 Trust tax disclosure changes: What advisers need to know
24 Mar 2021 Westpac censured by Reserve Bank over governance
23 Mar 2021 Pushpay shares surge as new investor buys cornerstone
23 Mar 2021 Scrapping tax deductibility not the way to go
23 Mar 2021 Policy ‘not rooted in reality’
23 Mar 2021 Challenging times ahead for investors: Westpac
23 Mar 2021 Years before changes make any difference
23 Mar 2021 Govt whacks property investors
23 Mar 2021 Government announces investor clampdown
23 Mar 2021 Government unveils investor clampdown
23 Mar 2021 Interest-only lending changes loom
23 Mar 2021 Wealthpoint adds general insurance to help advisers grow their businesses
22 Mar 2021 Client servicing is a big issue under the new rules
22 Mar 2021 Electricity stocks shed $42m of value
22 Mar 2021 Getting cross over Cancer cover
22 Mar 2021 Shuffling the top deck at Fidelity Life
22 Mar 2021 Fixing still in borrowers best interests
22 Mar 2021 Former NZ Super Fund employee to review fund
22 Mar 2021 Focus on commission disclosure, Mike Pero Mortgages changes
22 Mar 2021 Focus on commission disclosure
22 Mar 2021 Mike Pero recruits new advisers
20 Mar 2021 Investors could be bitten hard this year
19 Mar 2021 NZ shares rise as index funds rebalance
19 Mar 2021 James Greig to lead FMA monitoring of new regime
19 Mar 2021 Fidelity aims for sustainable commission structure
19 Mar 2021 Hunter Investment Management positioned for growth with new hire
19 Mar 2021 Long term rate time?; New mortgage lender; Loan Market hires
19 Mar 2021 Are long-term rates the best bet?
19 Mar 2021 New mortgage lender for developers
19 Mar 2021 Tenant’s hardship brings up legal issues
19 Mar 2021 New path forged: Alvarium and Pathfinder merge
18 Mar 2021 Investors ignore weak GDP data
18 Mar 2021 Alvarium bring two directors on board
18 Mar 2021 Fund opens housing development options
18 Mar 2021 Tenancy terminated after house empty for a year
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