GoodReturns
Archive - 2021
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March 2021
18 Mar 2021 Disclosure warning as new regulations come into effect
18 Mar 2021 New hires at Loan Market
18 Mar 2021 The Kiwi Adviser Network launches; January lending boom
18 Mar 2021 The Kiwi Adviser Network launches
18 Mar 2021 Boom: 88 KiwiSaver funds invested in nukes
17 Mar 2021 SNAP: Five day rally ends
17 Mar 2021 Record lending in January: Reserve Bank data shows
17 Mar 2021 Hawkes Bay Financial Adviser Brad MacDonald joins Plus4
17 Mar 2021 Will LVRs have a significant impact?
17 Mar 2021 New adviser laws create opportunities
17 Mar 2021 FMA chief executive resigns
16 Mar 2021 NZ shares rise for fifth day straight
16 Mar 2021 Meteoric market to continue until mid-year
16 Mar 2021 Better research wanted for privacy probe into landlords
16 Mar 2021 Harassment ends with substantial damages award
16 Mar 2021 Thoughts on the new regime
16 Mar 2021 Swings and roundabouts of new regime
15 Mar 2021 Shares surge on Infratil's $3b Tilt sale
15 Mar 2021 Advisers welcome new regime
15 Mar 2021 March 15 — the new regime is here
15 Mar 2021 Regulation change to broaden and strengthen industry: Dale-Jones
13 Mar 2021 House prices and numbers sold soar
12 Mar 2021 US stimulus sign off sees NZ shares surge
12 Mar 2021 Select Wealth' parent company scores gold
12 Mar 2021 Banking on digital transformation – how Teams is reshaping financial services.
12 Mar 2021 Housing confidence falling, rate hike expectations
12 Mar 2021 Is property market confidence falling?
12 Mar 2021 Title fight: FSCL vs Ombudsman drags on
11 Mar 2021 Travel stocks rally on Aussie reopening
11 Mar 2021 ‘Spring cleaning on steroids’ for March 15
11 Mar 2021 Basecorp raises $250m and cuts rates
11 Mar 2021 AMP Capital sells global shares fund to Canadian firm
10 Mar 2021 Housing crisis needs building surge
10 Mar 2021 Is demand for investment property dwindling?
10 Mar 2021 NZ shares rise as bond yields ease
10 Mar 2021 Housing crisis needs building surge
10 Mar 2021 Basecorp eyes expansion with $250 million funding
10 Mar 2021 NZFSG excited by adviser channel growth
10 Mar 2021 NZFSG excited by adviser channel growth
10 Mar 2021 KiwiSaver funds bankroll community housing
09 Mar 2021 Shares climb on US fiscal stimulus
09 Mar 2021 Investor activity waning?
09 Mar 2021 Investor activity waning?
09 Mar 2021 More women needed in industry: NZ Super Fund boss
09 Mar 2021 Unlicensed advisers need a contingency plan: FMA
08 Mar 2021 Fidelity names its top advisers
08 Mar 2021 F&P Healthcare pulls NZX 50 lower
08 Mar 2021 Time to lock in long term rates?; Kainga Ora rate cuts
08 Mar 2021 Time to lock in long-term rates?
08 Mar 2021 Adviser learns her fate from FADC
05 Mar 2021 Shares fall as My Food Bag debut disappoints
05 Mar 2021 Industry feedback refines Insurance Solvency Standards
05 Mar 2021 Investor demand expected to diminish as LVRs kick in
05 Mar 2021 FMA warns adviser for KiwiSaver advice
05 Mar 2021 New lending rules likely
05 Mar 2021 New lending rules likely
05 Mar 2021 Earning credits by learning money
05 Mar 2021 Harbour reanchors its index funds
05 Mar 2021 Alternative capital pathways on the up: FMA reports
04 Mar 2021 Shares tumble as Synlait pulls guidance
04 Mar 2021 New aggregator gets cybersecurity boost; Westpac economist off to Treasury
04 Mar 2021 New aggregator gets cybersecurity boost
04 Mar 2021 RIAA calls on industry to think beyond carbon
03 Mar 2021 Shares flat and dollar higher as dairy prices boom
03 Mar 2021 ‘Director for hire’ sentenced for FSPR abuse
03 Mar 2021 Westpac chief economist off to the Treasury
03 Mar 2021 Housing market shows possible first shoots of downward slide
03 Mar 2021 Rising rates to end housing boom; Pepper picks new BDMs
03 Mar 2021 Pepper picks new BDMs
03 Mar 2021 Rising rates to end housing boom
03 Mar 2021 How can the industry engage with retail investor craze?
02 Mar 2021 A2 drives share market recovery
02 Mar 2021 New build loan boost
02 Mar 2021 New build loan boost
02 Mar 2021 Provincial towns worst hit by housing affordability issues
02 Mar 2021 How share splits and consolidation affect the value of a business
02 Mar 2021 Strategi offers ‘Covid assistance pack’ to advisers
01 Mar 2021 NZ shares bounce after dire February
01 Mar 2021 One bank steps back from advisers — another comes forward
01 Mar 2021 One bank steps back from advisers – another comes forward
01 Mar 2021 Are interest rates rising?; Back to lockdown
01 Mar 2021 Are interest rates on the rise?
February 2021
26 Feb 2021 NZ shares snap six-day decline
26 Feb 2021 AMP Capital: Ares and AMP pursue 60/40 partnership
26 Feb 2021 TSB cuts adviser accreditations
26 Feb 2021 Auckland has the worst unaffordable housing market globally
26 Feb 2021 TSB cuts broker accreditations
26 Feb 2021 Concern adviser outreach may be shackled by FMA ad guidance
26 Feb 2021 Prospa NZ loans pass $100 million mark
25 Feb 2021 a2 sends NZX 50 to 4-month low
25 Feb 2021 House prices added to Reserve Bank remit
25 Feb 2021 House prices added to Reserve Bank remit
25 Feb 2021 Down to work within a week of forming partnership
24 Feb 2021 Shares fall as investors call RBNZ's bluff
24 Feb 2021 RBNZ governor wants lower loan rates
24 Feb 2021 RBNZ plots steady course: economists react
24 Feb 2021 OCR decision revealed
24 Feb 2021 Bank profits plummet ... to $4.4 billion
24 Feb 2021 Bank profits plummet ... to $4.4 billion
24 Feb 2021 Many advisers not ready for D-Day
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