GoodReturns
Archive - 2023
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February 2023
01 Feb 2023 NZ market jumps up ahead of Fed decision tomorrow
01 Feb 2023 Interest rate peak maybe closer than previously expected
01 Feb 2023 Some interest rate relief forecast
01 Feb 2023 Hamilton adviser aims to get more people covered for health issues
01 Feb 2023 Five tips for new property investors’ success
01 Feb 2023 Botica to depart FMA
January 2023
31 Jan 2023 Duncan Webb gets key commerce portfolio
31 Jan 2023 NZ market in waiting mode as investors wait for central banks' decisions
31 Jan 2023 One change could help renters’ cost of living crisis
31 Jan 2023 Fund manager of the year shortlist
30 Jan 2023 Impact of Friday's flooding felt on share market
30 Jan 2023 Home loans rates not kept up with OCR increases; Go figure this latest home loan rate change
30 Jan 2023 Home loans rates not keep up with OCR increases
30 Jan 2023 Tips for landlords to get through the Auckland flooding
28 Jan 2023 Salt strategises the year ahead
27 Jan 2023 Ryman Healthcare ends week up 18%
27 Jan 2023 [The Wrap] FMA bares its teeth
27 Jan 2023 The fallout at QuayStreet starts
27 Jan 2023 Bigger nuts for squirreling your money away
27 Jan 2023 Yield curve: Jan 27
27 Jan 2023 The FMA's plans for this year; See our cool graph
27 Jan 2023 Here's what you can expect from the FMA this year
27 Jan 2023 Mortgage industry given reassuring words on coming recession
26 Jan 2023 NZ tech stocks have a mixed day
26 Jan 2023 Rent increases slow
26 Jan 2023 Smartshares CEO steps down
26 Jan 2023 FSC urges Hipkins to take another look
25 Jan 2023 NZ market edges up as CPI data remains stable
25 Jan 2023 Inflation stays high worries economists
25 Jan 2023 Inflation worries economists
25 Jan 2023 Why is it so hard to know how many people have life insurance?
25 Jan 2023 Southern Cross confirms funding for medicinal cannabis consultations for most policyholders
25 Jan 2023 Inflation stays high - Stats NZ
24 Jan 2023 NZX leads market lower as inflation figures loom
24 Jan 2023 FMA stakeholders often critical – survey
24 Jan 2023 NZ Super Fund hunts fourth partner for sustainable finance
24 Jan 2023 What active Investors are planning this year
24 Jan 2023 Kiwibank makes appointment
24 Jan 2023 A closer look into the dark art of technical trading
23 Jan 2023 Serko jumps up as NZ market edges down
23 Jan 2023 One bank lowers interest rates; House price outlook and comments from new PM
23 Jan 2023 Housing policy curve balls and election inertia
23 Jan 2023 How are you treating your 18-21-year-olds?
23 Jan 2023 FMA releases risk analysis for managed investment funds sector
22 Jan 2023 Partners Life gets upgraded
20 Jan 2023 F&P Healthcare boosts share market with stable revenue
20 Jan 2023 Old-timer steps back from mortgage advice
20 Jan 2023 Lifetime adds global expert to board
20 Jan 2023 Veteran adviser Geoff Bawden steps back
20 Jan 2023 Mediation or arbitration can stop if court action looms - advice
20 Jan 2023 Fidelity Life CEO departs
19 Jan 2023 NZ market doesn’t budge after PM announces shock resignation
19 Jan 2023 Lifetime buys another super scheme
19 Jan 2023 Fidelity gives temporary relief for customers affected by Cyclone Hale
19 Jan 2023 Specialising in responsible investment
18 Jan 2023 Large growth stocks pull NZ market higher
18 Jan 2023 FMA appoints its first chief economist
18 Jan 2023 Disappointing year end to tough housing market
18 Jan 2023 From squeeze to crush
17 Jan 2023 NZ market upbeat as China's economy opens back up
17 Jan 2023 ANZ forecasting higher OCR than Reserve Bank predictions
17 Jan 2023 Census will have important information for the lending industry
17 Jan 2023 FMA lands its biggest ever penalty
17 Jan 2023 Five big questions commercial real estate is asking
17 Jan 2023 ANZ forecasting higher OCR than Reserve Bank predictions
17 Jan 2023 Making ethical money work
16 Jan 2023 NZ shares rise as US earnings season prepares to kick off
16 Jan 2023 [OPINION] New Zealand LVRs not likely to be loosened this year
13 Jan 2023 Pacific Edge jumps almost 6%; US CPI data says inflation is slowing
13 Jan 2023 Massey hangs up his own shingle
13 Jan 2023 Stephen Massey hangs up his own shingle
13 Jan 2023 A musical countdown to the number 1 financial impact of 2022
13 Jan 2023 Big changes at NZX's platform business
12 Jan 2023 Elevated consenting numbers a nice surprise for market
12 Jan 2023 Tribunal decisions interfering with landlords rents
12 Jan 2023 AIA NZ kicks off 2023 with one month’s premium free to customers
12 Jan 2023 Adviser licensing programme makes further progress
12 Jan 2023 Adviser licensing programme makes further progress
11 Jan 2023 NZ shares dip in tandem with ANZ world commodity price index
11 Jan 2023 Partners Life new advisers training course
11 Jan 2023 Will Artificial Intelligence replace financial advisers?
10 Jan 2023 NZ market still in out-of-office territory
10 Jan 2023 Cost of building a new house skyrockets
10 Jan 2023 Investor tax burden already affecting rental property
09 Jan 2023 Falling bond yields suggest inflation is peaking
09 Jan 2023 Tough year for Barfoot & Thompson
09 Jan 2023 NZ Super invests in US climate fund
09 Jan 2023 Banks launch new campaign against scams
09 Jan 2023 House prices drop in nearly every suburb across the country
06 Jan 2023 Annuitas gets new CEO
06 Jan 2023 A change in focus for SIFA
05 Jan 2023 Market continues to be full of New Year cheer
04 Jan 2023 NZ stocks rally into 2023, Ebos hits an all time high
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.
21 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.
23 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