GoodReturns
Archive - 2020
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January 2020
29 Jan 2020 Mortgage lending strong in December
29 Jan 2020 Australian giant in Augusta takeover bid
29 Jan 2020 How to grow your client base
29 Jan 2020 Plus4 adds another adviser
29 Jan 2020 Confidence in rental returns at new low
29 Jan 2020 Markets predict OCR to remain at 1%
29 Jan 2020 Commissioner: Pension age shouldn't increase
28 Jan 2020 Coronavirus hits tourism stocks again
28 Jan 2020 Six new faces at Mike Pero Mortgages
28 Jan 2020 Why house price growth will continue
28 Jan 2020 Why house price growth will continue
28 Jan 2020 Why house price growth will continue
27 Jan 2020 Conduct bill will mean changes for advisers: MBIE
27 Jan 2020 Former mayor joins KiwiSaver scheme
27 Jan 2020 InvestNow considers build-your-own KiwiSaver scheme
27 Jan 2020 Looking outside the box
26 Jan 2020 Gold prices soar on back of tensions
25 Jan 2020 [The Wrap] Financial advice: mainly male drinkers ... really?
24 Jan 2020 Coronavirus ripples through markets driving shares down; utilities down
24 Jan 2020 BNZ targets investor market
24 Jan 2020 Getting heating right
24 Jan 2020 Kiwibank-BNZ takeover talk heats up; BNZ aims for investor market
24 Jan 2020 Kiwibank-BNZ takeover talk grows
24 Jan 2020 Weaker markets may make fees harder sell
23 Jan 2020 NZ shares edge higher as Chinese virus fears weigh
23 Jan 2020 Scrutiny sows 'seeds of doubt'
23 Jan 2020 Demand for rentals running hot
23 Jan 2020 FMA commissions active report
23 Jan 2020 How much have house prices grown in your region?; New hires at Pepper and Loan Market
23 Jan 2020 Two new hires at Loan Market
23 Jan 2020 Downside risks reduced
23 Jan 2020 A decade of property price growth
22 Jan 2020 NZX50 hits record as Asia recovers from virus fears
22 Jan 2020 Upping the ante on price growth
22 Jan 2020 Pepper hires new BDM
22 Jan 2020 Reserve Bank critical of life insurance
22 Jan 2020 Income protection sustainable or just more noise?
22 Jan 2020 Newpark sets up support team
22 Jan 2020 Newpark sets up support team
22 Jan 2020 Trade Me sells LifeDirect to adviser
22 Jan 2020 Govt moves to fix pension 'unfairness'
22 Jan 2020 NZ equity returns for the next decade?
21 Jan 2020 Resilient NZ market an attractive harbour for nervous investors
21 Jan 2020 BlackRock coal move part of bigger shift
21 Jan 2020 Threat to assault ends problem tenancy
21 Jan 2020 Low equity premiums: unfair and dishonest?
21 Jan 2020 Banks criticised over low equity premiums
21 Jan 2020 5 trends to include in your advice service planning
21 Jan 2020 PAA: GST return delayed wind-up
20 Jan 2020 NZ shares fall as Gentrack paints grim earnings outlook
20 Jan 2020 [OPINION] Turbulent year ahead
20 Jan 2020 Conrad Funds Management gains $100 million funding line
20 Jan 2020 KiwiSaver and social responsibility
20 Jan 2020 CFML secures $100 million funding line from Westpac
20 Jan 2020 Female advisers put off by boozy networking
18 Jan 2020 David Whyte's 5 predictions for 2020
17 Jan 2020 NZ shares extend strong start to 2020 as blue chips gain
17 Jan 2020 Property market predictions
17 Jan 2020 Call for apartment law reform petition support
17 Jan 2020 The cost of getting it wrong
16 Jan 2020 Investors regain confidence in utilities
16 Jan 2020 Highest sales in December for three years
16 Jan 2020 New home equity release player coming
16 Jan 2020 New home equity release player; What happened to PAA's $2 mill?
16 Jan 2020 What's happened to the $2mill from PAA's holiday homes?
15 Jan 2020 Sharemarket hits record as investors eye US-China trade deal
15 Jan 2020 First profit forecast for Stewart's Retirement Income Group; Plus new products
14 Jan 2020 NZ shares join global rally as upcoming US-China trade buoys investors
14 Jan 2020 Time for banks to change servicing tests
14 Jan 2020 Advisers hope for servicing test changes in 2020
13 Jan 2020 What have eggs, baskets, advice and the 'missing middle' got in common?
13 Jan 2020 NZ shares follow soft Wall St lead
13 Jan 2020 Fisher Funds distribution head moves on
13 Jan 2020 Small banks on FAPs; Your thoughts on low-equity fees
13 Jan 2020 Evidence needed to support Tribunal claims
13 Jan 2020 Newpark hits 150 adviser milestone
13 Jan 2020 Licence applications still slow to roll in
10 Jan 2020 [The Wrap] Five predictions for 2020
10 Jan 2020 NZ blue-chips lead market higher
10 Jan 2020 Small banks stall on licensing
10 Jan 2020 Kōura: People see advice and KiwiSaver as distinct
09 Jan 2020 Heavyweights drag sharemarket down
09 Jan 2020 Partners growing while other insurers deal with issues
09 Jan 2020 Opportunities for the year ahead
09 Jan 2020 Proptech the future for commercial investment
09 Jan 2020 Change coming for KiwiSaver advice
08 Jan 2020 Iranian missiles bring market down; Burger Fuel serves last burger in Iraq
08 Jan 2020 Auckland housing market is back
08 Jan 2020 [COMMENT] Non-bank sector growth is an opportunity for advisers: Prospa
07 Jan 2020 Yield plays remain attractive to investors
07 Jan 2020 Nominations sought for MACs
06 Jan 2020 NZ shares shrug off Middle East tensions; Infratil gains
06 Jan 2020 Book excerpt: Financial Freedom - 5 Steps 5 Years
06 Jan 2020 Don't hold your breath for life insurance reform
05 Jan 2020 Advisers told to take action
03 Jan 2020 COMMENT: What lies ahead in 2020?
01 Jan 2020 NZX50 rounds out 30% gain in 2019
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