GoodReturns
Archive - 2004
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December 2004
07 Dec 2004 Top price for Waikato farmland
07 Dec 2004 Tough times for rural rest homes
07 Dec 2004 Households got richer last year
07 Dec 2004 Strategic Finance's rating confirmed
07 Dec 2004 FundSource adds two people
06 Dec 2004 Was the right decision reached?
06 Dec 2004 Adviserlink Fundamentals & Processes
06 Dec 2004 Market Review: A look into our crystal ball
06 Dec 2004 Reserve Bank expected to leave rates on hold
03 Dec 2004 Two key people leave fund management firms
03 Dec 2004 Bevin leaves Tower
03 Dec 2004 ING's CDO man leaves
03 Dec 2004 More on Stobo...and something quite different
03 Dec 2004 Life insurance under commission's gaze
03 Dec 2004 BNZ's ads escape censure - just
02 Dec 2004 House prices set for slump
02 Dec 2004 Pitfalls for rental property owners
02 Dec 2004 Softening in prices on way
02 Dec 2004 Capital Properties might sell management rights
02 Dec 2004 Owning home no bed of roses
02 Dec 2004 Timing alone is not enough - Mary Holm
02 Dec 2004 The Risk that Often Isn't Risky
02 Dec 2004 Campervan plan for Aro Valley site
02 Dec 2004 Fears rates could go up
02 Dec 2004 Run-down bach sells for $445,000
02 Dec 2004 National's Superannuation Policy
02 Dec 2004 Stobo urges input into report
01 Dec 2004 AMP new appointments
01 Dec 2004 Resources to strengthen NZ Super Fund governance
01 Dec 2004 ASFONZ and Women In Super combined breakfast
01 Dec 2004 Govt proposes new tax rules for securities
01 Dec 2004 Kiwis like to pay off debts
01 Dec 2004 Capital Properties New Zealand Announcement
01 Dec 2004 Kiwis spending quarter of budget on their housing
01 Dec 2004 LBA confirms expulsion
01 Dec 2004 Are two year rates a good deal?
November 2004
30 Nov 2004 National U-turn: White flag or commonsense?
30 Nov 2004 The news behind the smoke and mirrors
30 Nov 2004 NZiRA / Tower 2004 seminar series
30 Nov 2004 Latest insurance market share figures
30 Nov 2004 Brash flip-flop welcome
30 Nov 2004 Bevin says fees must come down
30 Nov 2004 Nats look to give Retirement Commission more power
29 Nov 2004 Quake cost could top $1m
29 Nov 2004 Sunlight flicker annoys resident
29 Nov 2004 Battle looms over second sinking house
29 Nov 2004 IRD targets top 100 Kiwis on rich list
29 Nov 2004 Auckland spreading faster than expected
29 Nov 2004 Non-conforming loans take off in Oz
29 Nov 2004 Term deposits won't give best returns, investment expert warns
29 Nov 2004 Lim reports on potentially contaminated soils halted
29 Nov 2004 Property portfolio lifts Kiwi profit
29 Nov 2004 Waiwera set to make a splash as hot property
29 Nov 2004 Too many Kiwis captured by their cards
29 Nov 2004 TOWER roadshow
29 Nov 2004 General Finance raises its own funds
29 Nov 2004 News Round Up
28 Nov 2004 Awards and awards
26 Nov 2004 Dunne applauds National’s superannuation change
26 Nov 2004 Dinosaur parties go hand-in-hand into the swamp
26 Nov 2004 Nats to back Cullen's fund
26 Nov 2004 Nats to back Cullen's fund
26 Nov 2004 Non-conforming loans take off in Oz
25 Nov 2004 Nats take a step forward on super: Cullen
25 Nov 2004 Women in Super
25 Nov 2004 Bevin worries about the outlook for adviser regulation
24 Nov 2004 Related party loans to end at Pacific Retail
24 Nov 2004 Record price for Ohope coastal property
24 Nov 2004 NZ residential market awaken from winter slumber
24 Nov 2004 NZ lifestyle properties continue to buck the trend
24 Nov 2004 Quarry go-ahead upsets residents
24 Nov 2004 Aucklanders pay high price to live the high life
24 Nov 2004 ING Property Trust posts $11M profit
24 Nov 2004 Blue Chip announces first dividend
24 Nov 2004 Kiwibank stays aloof from home loans price war
24 Nov 2004 Auckland City Council may do U-turn on tagging potentially poisoned properties
24 Nov 2004 Sinking house doomed from the beginning
24 Nov 2004 Council ponders Oakura road reserve wrangle
24 Nov 2004 $8m new cost for council building work
24 Nov 2004 Tower Building incentives
24 Nov 2004 Homeowner won't budge
24 Nov 2004 TOWER roadshow
24 Nov 2004 Changing market has landlords offering enticements
24 Nov 2004 Kiwi Income Property Trust lifts half year profit
24 Nov 2004 Finding money for study
24 Nov 2004 Urbus shuffles its office portfolio
24 Nov 2004 Kiwi Income snares 19.9% of Capital Properties
24 Nov 2004 Tougher rules for advisers to hit Parliament soon
24 Nov 2004 Non-bank lending gaining traction
23 Nov 2004 Provincial Finance changes lending mix
23 Nov 2004 NZiRA / Tower 2004 seminar series
23 Nov 2004 ASFONZ and Women In Super combined breakfast
23 Nov 2004 Broker asks LBA to reconsider expulsion
22 Nov 2004 House market slowing, says BNZ chief economist
22 Nov 2004 Building consent costs to rise
22 Nov 2004 Adviserlink Fundamentals & Processes
22 Nov 2004 Reaction to Stobo and Adviser regulation
22 Nov 2004 Adviserlink Practice Management
22 Nov 2004 AMP man gets CFA
22 Nov 2004 News Round Up
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.
1 day 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.
3 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