GoodReturns
Archive - 2016
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February 2016
04 Feb 2016 OCR cut outlook shifts
04 Feb 2016 RBNZ governor: Immediate cuts not the way to go
04 Feb 2016 Investors offered new way into equities
04 Feb 2016 Big drop in Auckland prices
03 Feb 2016 Flexibility key to RBNZ policy
03 Feb 2016 Record high prices in regions
03 Feb 2016 Auckland loses ground
03 Feb 2016 Retirement Income policy a month-by-month approach
03 Feb 2016 Harmoney switches to real-return reporting
03 Feb 2016 Sorted site redesigned
03 Feb 2016 Finding new ideas to refresh your marketing
02 Feb 2016 ASB launches KiwiSaver calculator
02 Feb 2016 FAA forums booked out
02 Feb 2016 Retirement income policy review terms tabled
02 Feb 2016 Finding new ideas help refresh your marketing
02 Feb 2016 Mike Pero gets new boss
02 Feb 2016 More apply for CFA status
02 Feb 2016 Compliance skills in demand
02 Feb 2016 No end in sight for shortage
01 Feb 2016 AML360 recognised
01 Feb 2016 Mike Pero and Liberty get a new boss
01 Feb 2016 Kiwibank makes changes
01 Feb 2016 Advisers told: Don't gamble on forex
01 Feb 2016 New industry body proposed
01 Feb 2016 Tauranga: The lure of the golden hue
January 2016
29 Jan 2016 SBW returns to Australia
29 Jan 2016 Investor lending recovers
29 Jan 2016 Halo effect caution
29 Jan 2016 Lifetime Income launches
28 Jan 2016 Following the halo
28 Jan 2016 RBNZ signals OCR cuts looming
28 Jan 2016 What the Reserve Bank said to start the year
28 Jan 2016 No change to OCR. Here's what was said
28 Jan 2016 Decisions still pending on FADC referrals
27 Jan 2016 Govt committed to Auckland supply issue
27 Jan 2016 ANZ gets new head of Wealth
27 Jan 2016 [Carey Church] Time to widen debate on FAA Options paper
27 Jan 2016 NZ economic outlook downgraded
27 Jan 2016 Investors ask: Where are the loans?
27 Jan 2016 Confidence in Auckland housing market drops
27 Jan 2016 Don't expect Super Fund returns to continue
27 Jan 2016 More volatility to come
26 Jan 2016 Southern Cross to fund preventative treatment
26 Jan 2016 First-home withdrawal function not purist but valuable, providers say
26 Jan 2016 Workplaces may become battlegrounds for advisers
26 Jan 2016 Profiles revisited
25 Jan 2016 Make your voice heard
25 Jan 2016 No quick fix for affordability issue
25 Jan 2016 No cuts predicted for OCR this week
25 Jan 2016 OCR cuts to come – but not now
25 Jan 2016 Mixed fortunes in pension transfer market
22 Jan 2016 Draft new code revealed
21 Jan 2016 Rental market favours tenants
21 Jan 2016 Stress testing better option than risk indicators: James
20 Jan 2016 Risk-taking pays off
20 Jan 2016 Regions setting market pace
20 Jan 2016 Auto-enrolment would only add 5% to KiwiSaver: Report
20 Jan 2016 Profits take flight with Airbnb
20 Jan 2016 Record highs for regions
19 Jan 2016 Investing in holiday dreams
19 Jan 2016 Red tape hurdles
19 Jan 2016 Concern adviser numbers will fall
18 Jan 2016 Battling red tape
18 Jan 2016 Outlook for the Year of the Monkey
18 Jan 2016 New special rates
18 Jan 2016 Risks indicators an education tool
15 Jan 2016 Moderation on the cards - Fitch
15 Jan 2016 Kiwis don't want to pay for advice
15 Jan 2016 SBS interim boss named
15 Jan 2016 Lifetime income rates a drawcard
14 Jan 2016 Bay of Plenty hits new high
14 Jan 2016 Bay of Plenty picking up heat
14 Jan 2016 Clients want advice, don't want to pay for it
14 Jan 2016 Five-year KiwiSaver break too long
13 Jan 2016 Auckland market taking a breather – QV
13 Jan 2016 Risky business
13 Jan 2016 Blue skies ahead
13 Jan 2016 Roboadvice an opportunity for advisers
12 Jan 2016 Harmoney chair steps down
12 Jan 2016 Cheaper interest rates don't mean more affordable housing
12 Jan 2016 Return to reality for market
12 Jan 2016 Dick Smith a lesson in risk
12 Jan 2016 Life insurance code 'could work'
11 Jan 2016 Return to a “realistic” market
11 Jan 2016 Lending Crowd soft launches
11 Jan 2016 Building consents up nationwide
11 Jan 2016 New rules coming for Aussie advisers
09 Jan 2016 Forums to discuss 'contentious' FAA overhaul
08 Jan 2016 Concern expected at entity licensing proposal
07 Jan 2016 Crowdfunding site moves into P2P
07 Jan 2016 A few worrying things
07 Jan 2016 Tailor your mortgage news
07 Jan 2016 SBS chief exec dies
07 Jan 2016 Listings fall, prices hold firm
07 Jan 2016 KiwiSaver well-positioned for 2016
07 Jan 2016 Harmoney increases borrowers' interest rates
06 Jan 2016 Market turmoil creates knock-on effect
06 Jan 2016 Advisers can step up in market volatility
06 Jan 2016 Prices on hold as listings fall
05 Jan 2016 Interest rates predicted to drop further in 2016
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".
4 days ago Paul Flood