GoodReturns
Archive - 2019
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February 2019
26 Feb 2019 New following for Resimac's Church
26 Feb 2019 Reserve Bank doubles down on capital proposals
26 Feb 2019 FMA says it's not lobbying for ban on life insurance commissions
26 Feb 2019 Rethinking adviser remuneration
26 Feb 2019 Kiwi fintech opens international office
26 Feb 2019 Kiwi Wealth appoints advice head
26 Feb 2019 Kiwibank and mortgage advisers
26 Feb 2019 Kiwibank wants to be a challenger and to embrace advisers
26 Feb 2019 What you need to know about body corporates
26 Feb 2019 Researchers: Keep CGT out of retirement savings
26 Feb 2019 Shareholders threaten NZX board shake-up
25 Feb 2019 Reporting season continues on NZX; Here's the latest results
25 Feb 2019 Reserve Bank proposals to boost non-banks: S&P
25 Feb 2019 Cost of standards will hit tenants
25 Feb 2019 Generate KiwiSaver continues strong performances despite volatile 2018
25 Feb 2019 Some good news out of OZ; Tell us about the market
25 Feb 2019 Commission: The gun that needs to be in the right hands
25 Feb 2019 QSM on hold for now
24 Feb 2019 Revealed: Healthy Homes minimum standards
22 Feb 2019 [The Wrap] A tax tidbit; time to support CFPs and CLUs
22 Feb 2019 Air NZ and Auckland Airport lift market
22 Feb 2019 Australian Labor makes commission U-turn
22 Feb 2019 More on capital gains tax
22 Feb 2019 Product commission – Is it justified?
22 Feb 2019 Tax suggestions: 'I sigh deeply'
22 Feb 2019 Aussie new insurance business falls after commission capped
21 Feb 2019 NZ shares gain; A2 hits new record, F&P climbs on patent deal
21 Feb 2019 Investing: Don’t forget about the cycle
21 Feb 2019 Outrage over CGT recommendation
21 Feb 2019 Mortgage advisers respond to CGT proposal; What do you think?
21 Feb 2019 Capital gains tax on assets 'fairer'
21 Feb 2019 Advisers play down capital gains impact
21 Feb 2019 Capital gains tax on the cards
21 Feb 2019 Capital gains tax on the cards
21 Feb 2019 Servicing adviser should get trail
21 Feb 2019 Claim associations silent as advisers become casualties
20 Feb 2019 NZ shares gain; A2 jumps to 12-month high as earnings outperform
20 Feb 2019 Unprecedented scrutiny on bank conduct: Kiwibank CEO
20 Feb 2019 Responsible investing extends beyond a green label
20 Feb 2019 Strategi Group brings Bell on as CEO
20 Feb 2019 Investors given Disclose insight
20 Feb 2019 NZX refocuses, heralds wealth growth
19 Feb 2019 A2 downgraded on eve of earnings, Heartland misses expectations
19 Feb 2019 Finalists in fund awards announced
19 Feb 2019 AIA extends Airpoints offer
19 Feb 2019 War over capital gains tax begins
19 Feb 2019 Reverse mortgage opportunity for advisers: Heartland
19 Feb 2019 Concerns KiwiSaver bill could be stopped
18 Feb 2019 Sovereign rating reaffirmed
18 Feb 2019 NZ shares subdued as China trade tensions weigh; Sky TV falls
18 Feb 2019 CFP numbers swell worldwide
18 Feb 2019 Claims hit nib's bottom line
18 Feb 2019 The DIY landlords
18 Feb 2019 Rough start to the year
18 Feb 2019 TSB takes new approach
18 Feb 2019 Mortgage price war heats up with TSB
18 Feb 2019 Mercer appoints investment boss
18 Feb 2019 Adviser training institutes positive about education shake-up
18 Feb 2019 FSC conference launched
15 Feb 2019 A2 and Fisher & Paykel lead NZX down on China fears
15 Feb 2019 Adviser moves to JMI
15 Feb 2019 [The Wrap] It's time for industry leaders to step up and support advisers
15 Feb 2019 NZX reports profit
15 Feb 2019 A good time to buy?
15 Feb 2019 Insurance report to hurt mortgage advisers: Newpark
15 Feb 2019 AMP profit slashed by Aussie scandals
14 Feb 2019 Six day run of gains ends on sharemarket
14 Feb 2019 Regulators 'may misunderstand' legacy products
14 Feb 2019 Asteron: Working closely with regulators
14 Feb 2019 Key RBNZ changes edge closer
14 Feb 2019 OCR Wrap; Franchise for sale; PM stands up for advisers
14 Feb 2019 Auckland prices at 35 month low
14 Feb 2019 AMP puts off listing
14 Feb 2019 Is FSC taking adviser mantle?
13 Feb 2019 NZ shares join global rally on US-China trade optmism; SkyCity falls
13 Feb 2019 OCR could go up or down in 2021: RBNZ Governor
13 Feb 2019 OCR decision: Here's what the Reserve Bank said
13 Feb 2019 First OCR decision of the year: Unchanged
13 Feb 2019 Australian PM defends advisers
13 Feb 2019 KPMG says mortgage rates could rise, even though banks make record profits
13 Feb 2019 Song of subdued values remains the same
13 Feb 2019 Record profit for banks, but mortgage rates could rise: KPMG
13 Feb 2019 NZ fund managers better positioned than Australian: Researcher
13 Feb 2019 Sum-insured remuneration model progressed
12 Feb 2019 NZ shares gain as power companies Meridian, Genesis, Mercury buoyed by low rate outlook
12 Feb 2019 No let-up in affordability issues
12 Feb 2019 COMMENT: Ring-fencing rules could mean 116,000 less rentals
12 Feb 2019 Volatility in the markets is an investor's friend
12 Feb 2019 AFA offers digital KiwiSaver solution
12 Feb 2019 Augmented reality research app launched
11 Feb 2019 Contact kicks off earnings season on a bright note
11 Feb 2019 How you get paid
11 Feb 2019 Some rates up, some down; What to expect from the Reserve Bank this week
11 Feb 2019 Westpac: OCR to hold until 2022
11 Feb 2019 Confidence in rental property at 4 year low
11 Feb 2019 Confidence falls
11 Feb 2019 Pathfinder sells half its business
08 Feb 2019 All quiet on NZ sharemarket ahead of earnings season
08 Feb 2019 HSBC drops rates to 3.95%
08 Feb 2019 OCR Preview: caution expected from the Reserve Bank
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.
16 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.
18 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