GoodReturns
Archive - 2021
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February 2021
23 Feb 2021 NZX 50 dips towards technical correction
23 Feb 2021 Q & A: Should I shift to a digital advice process?
23 Feb 2021 [Opinion] A solution for NZ's housing crisis
23 Feb 2021 Is Value back, or do Growth managers still reign?
23 Feb 2021 Are investors backing off?; Record December; Heartland digital loan continues
23 Feb 2021 Are investors backing off?; Record December; Heartland digital loan continues
23 Feb 2021 Are investors backing off?; Record December; Heartland digital loan continues
23 Feb 2021 Are investors backing off?
23 Feb 2021 Jumping lessons: what all investors can learn from GameStop loss
23 Feb 2021 Heartland digital home loan set to stay
23 Feb 2021 Guaranteed medical cover policy wordings
22 Feb 2021 High bond yields rout equity market
22 Feb 2021 Six-month results show nib NZ earnings holding up
22 Feb 2021 Pāua team newbie
22 Feb 2021 [OBITUARY] Marie Quinn: Friend and colleague to many
22 Feb 2021 Record December lending
22 Feb 2021 Will the OCR change?; ANZ halts online mortgage applications
22 Feb 2021 IRD to fork out $6.6 million for KiwiSaver pay delay
22 Feb 2021 OCR Preview: official cash rate set to hold
22 Feb 2021 ANZ halts online mortgage applications
22 Feb 2021 Scams under-reported by Chinese New Zealanders: FMA
20 Feb 2021 [Get in Shape] Minister's first words; Botica busts myths; Get to know climate change; new report
19 Feb 2021 Rising bond yields pull shares lower
19 Feb 2021 Aussie manager buys into PMG
19 Feb 2021 NZ housing market set to cool
19 Feb 2021 What's the best mortgage strategy?
19 Feb 2021 What's the best mortgage strategy?
19 Feb 2021 Work needed in retirement income space
18 Feb 2021 [Opinion] King hit on Hickey
18 Feb 2021 Record profits and losses on show in earnings results
18 Feb 2021 ASB U-turn on investor new builds
18 Feb 2021 ASB U-turn on investor new builds
18 Feb 2021 FSPR updates: What advisers need to know
17 Feb 2021 Earnings season brings long-expected good news
17 Feb 2021 Investors pile in before LVR changes
17 Feb 2021 Tech a priority for NZX in 2021
17 Feb 2021 New build investor loan shutdown; Booming housing market continues
17 Feb 2021 ASB shut down new build investor loans
17 Feb 2021 Investors rush to beat LVRs
17 Feb 2021 Effective vaccine, better earnings spur on markets
16 Feb 2021 Shares bounce after five-day rout
16 Feb 2021 Biggest housing boom in 17 years
16 Feb 2021 Safety a priority for advisers: Financial Advice NZ
16 Feb 2021 NZFSG compliance hire ahead of March 15
16 Feb 2021 Data versus human
16 Feb 2021 Responsible talk not enough in 2021
16 Feb 2021 AMP plans 'investment renovation' and big changes to AdviceFirst
15 Feb 2021 Energy stocks fall as Contact raises capital
15 Feb 2021 AIA new cancer health product introduced
15 Feb 2021 MMC: full acquisition of IFAA Group
15 Feb 2021 Advisers ready for lockdown part three; SBS rate cuts
15 Feb 2021 Advisers ready for lockdown
15 Feb 2021 What levels 2 and 3 mean for the market
15 Feb 2021 NZFSG creates compliance role
15 Feb 2021 Industry strong and ready for change
12 Feb 2021 Botica busts industry myths
12 Feb 2021 Floating rate options for advisers
12 Feb 2021 Non-bank floating rates fall
12 Feb 2021 Ares U-turn on AMP buyout
11 Feb 2021 NZ shares fall for third straight session
11 Feb 2021 From FMA to Generate
11 Feb 2021 Have home loan rates troughed?; ASB makes mortgagee promise
11 Feb 2021 Have mortgage rates troughed?
11 Feb 2021 ASB promises no forced mortgagee sales
11 Feb 2021 Three lessons for advisers from FADC case
10 Feb 2021 Sanford leads NZ shares lowers
10 Feb 2021 Mercer NZ promotes acting CIO
10 Feb 2021 Advisers react to LVR changes; HSBC sub 2% rate
10 Feb 2021 Sub 2% for HSBC
10 Feb 2021 Advisers react to LVR changes
10 Feb 2021 PAA Legacy Trust calling for 'innovation' from advisers
09 Feb 2021 Equities fall as inflation expectations rise
09 Feb 2021 Reserve Bank tightens LVR rules for investors
09 Feb 2021 Small business struggle; ASB enforces changes for investors
09 Feb 2021 Small businesses struggle
09 Feb 2021 Bank questions why investor confidence not higher
08 Feb 2021 Apostle arrives bearing new gift
08 Feb 2021 Smug or juggling?
05 Feb 2021 NZ shares bounce from week's losses
05 Feb 2021 ASB the latest to clamp down on investors
05 Feb 2021 Out of retirement villages and into the FSC
05 Feb 2021 Reverse mortgage market set to triple; TSB rate cuts
05 Feb 2021 FMA defends KiwiSaver fee guidance
05 Feb 2021 Reverse mortgage market set to triple
05 Feb 2021 Default KiwiSaver: Which providers are fighting to keep their status?
04 Feb 2021 Higher bond yields push equity prices lower
04 Feb 2021 Avanti slashes near-prime mortgage rate
04 Feb 2021 New business banking boss at ANZ
04 Feb 2021 BNZ halts high LVR investor loans; OCR trough called
04 Feb 2021 Rob Everett: The year ahead
03 Feb 2021 Economy at risk of overheating
03 Feb 2021 BNZ halts high LVR investor loans
03 Feb 2021 OCR predictions change amid strong data
03 Feb 2021 Senior Jarden hires join the party
03 Feb 2021 ICBC and Kainga Ora sharpen rates; Housing market intervention expected
03 Feb 2021 What Elon Musk’s new title might mean for markets Or … Tesla’s share price, intrinsic value or market madness
03 Feb 2021 Intervention expected for housing market
03 Feb 2021 Trust law reform: the lowdown
02 Feb 2021 Equities dip as interest rates creep higher
02 Feb 2021 New chief economist starts at BNZ
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