GoodReturns
Archive - 2018
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
March 2018
08 Mar 2018 Boosting Auckland housing development
08 Mar 2018 New hire at Mortgage Express
08 Mar 2018 ANZ puts OnePath on the block
08 Mar 2018 Get recruitment processes in order
08 Mar 2018 Adviser's in-laws lose IFSO complaint
07 Mar 2018 Masonry fix timeline extended
07 Mar 2018 Go regional for gains
07 Mar 2018 Fees refunded after portfolio complaint
06 Mar 2018 Law review terms released
06 Mar 2018 Adviser group reveals new chief executive
06 Mar 2018 BNZ cuts a rate; Economists split on next OCR move
06 Mar 2018 New Zealand economists divided over OCR
06 Mar 2018 Fidelity Life makes top People and Culture appointment
06 Mar 2018 Fisher Funds chairman resigns
06 Mar 2018 Quality mark framework developed
06 Mar 2018 'Every investment situation' could be affected by tax group
06 Mar 2018 Coaching your clients on how to hire a good financial adviser
06 Mar 2018 Embrace work space changes
05 Mar 2018 Sellers lower price expectations
05 Mar 2018 New owners for non-bank lender
05 Mar 2018 Rotorua more than bubbling along
05 Mar 2018 Perennial man gets new role
05 Mar 2018 KiwiSaver fee drop 'missed the mark'
05 Mar 2018 Licensing questions need answers
02 Mar 2018 Costs impact on consents
02 Mar 2018 Bluestone hails “extra firepower” after US takeover
02 Mar 2018 FMA still waiting for first robo applications
01 Mar 2018 Market blues for investors
01 Mar 2018 Nikko takes out top Award
01 Mar 2018 RESIMAC applications up 30% as Homeloans profits soar
February 2018
28 Feb 2018 Meet the latest non-bank lender to market; How hot is HSBC's new rate? Find out here
28 Feb 2018 Migration resilience means no demand let-up
28 Feb 2018 Bright line test extension fast tracked
28 Feb 2018 Platforms' commission question
28 Feb 2018 Working group raises FSLAB worries
27 Feb 2018 FMA takes FSPR action
27 Feb 2018 There's more to a home loan than the rate
27 Feb 2018 Multi-million mortgage fraud trial gets underway
27 Feb 2018 Bluestone returns after 10 year absence
27 Feb 2018 Ralph Stewart's Lifetime group hits five
27 Feb 2018 Retirement beckons for Scott Black
27 Feb 2018 April launch planned for Pie Wealth
26 Feb 2018 Kerr Neilson steps back at Platinum
26 Feb 2018 Rents on the rise
26 Feb 2018 Top 10 tips for managing commercial tenants
26 Feb 2018 'Information gap' harming KiwiSaver outcomes
26 Feb 2018 FSLAB: Still changes to be made, associations argue
26 Feb 2018 FundSource adds Oyster to its research menu
23 Feb 2018 HSBC does it again
23 Feb 2018 Getting to Know: Tim Fairbrother
23 Feb 2018 Fidelity Life makes key Otago/Southland sales appointment
23 Feb 2018 Capital prices hit record high
23 Feb 2018 AMP Capital funds net first investors
23 Feb 2018 Disclosure rules will fit the situation: MBIE
22 Feb 2018 Lending criteria to ease, rates to rise
22 Feb 2018 NZ Super Fund: Returns will fall
22 Feb 2018 ANZ tightens lending controls following fraud case
22 Feb 2018 Employment growth gets credit for insurance increase
22 Feb 2018 Lifetime, Camelot may join forces
21 Feb 2018 NZ Super Fund drops carbon investments
21 Feb 2018 Ageing population behind reverse mortgage rise, says Heartland
21 Feb 2018 People + technology: better together
21 Feb 2018 Housing risks to peak in 2018
21 Feb 2018 Greater flexibility for earthquake fund
21 Feb 2018 Financial Advice NZ CEO: Dodds vs Severn?
21 Feb 2018 Lack of prospectus costs adviser insurance claim
20 Feb 2018 Morningstar finalists announced
20 Feb 2018 China's Phantom Slowdown
20 Feb 2018 New leading 5-year rate; Bagrie is back
20 Feb 2018 Price expectations hit new low
20 Feb 2018 FMA concerned at AFA disclosure
19 Feb 2018 Partners Life sponsors exhibition
19 Feb 2018 NZX reports FUM lift
19 Feb 2018 Throwing out the rulebook
19 Feb 2018 Big opportunity for advisers: Mercer
16 Feb 2018 Century 21 appoints Home Loans GM
16 Feb 2018 Get ready for downturn - Bagrie
16 Feb 2018 Getting to Know: Nick Stewart
16 Feb 2018 Barry Read's IDS to merge with Strategi
16 Feb 2018 One-year term gets more interesting; Compliance firms merge
16 Feb 2018 Strategi and IDS merge
16 Feb 2018 GRTV: No bull like an old bull
16 Feb 2018 Who'll still be standing in 12 months' time?
15 Feb 2018 Extension to bright line test on the way
15 Feb 2018 Blackwell eyes gap in market with new funding line
15 Feb 2018 Don’t count on the housing market recovery
15 Feb 2018 Super Fund appoints acting chief executive
15 Feb 2018 Advisers get automation boost
14 Feb 2018 Quality mark plan raises CFP questions
14 Feb 2018 Pathfinder bolsters responsible investment capability
13 Feb 2018 Stocktake offers no solutions
13 Feb 2018 ANZ gets aggressive
13 Feb 2018 Advice penalties increase
12 Feb 2018 Harbour adds to board
12 Feb 2018 Tenancy law reform needed: housing stocktake
12 Feb 2018 Legg Mason launches fund
12 Feb 2018 Westpac follows BNZ near the top of the table
12 Feb 2018 What’s driving the market?
12 Feb 2018 Dispute schemes: Fees are fair
12 Feb 2018 Code working group's next steps
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.
22 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.
1 day 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.
3 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…
3 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