GoodReturns
Archive - 2006
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November 2006
22 Nov 2006 Advisers keep an eye on Suncorp/Promina deal
22 Nov 2006 Fund returns under FDR improve
22 Nov 2006 Commercial property OPEX survey shows rates highest cost
21 Nov 2006 Long wait for rate cut
21 Nov 2006 Deposit rates news briefs
21 Nov 2006 Long wait for rate cut
21 Nov 2006 Thomas and Solly back together
21 Nov 2006 Tax determines where funds based
20 Nov 2006 Significant management changes at Perpetual
20 Nov 2006 News Round Up
17 Nov 2006 WRF structures solid fund with liquid features
17 Nov 2006 Reserve Bank urges asset diversification – again
17 Nov 2006 Bank margins squeezed
17 Nov 2006 MFS acquisition announcements due shortly
17 Nov 2006 S&P rating scores well
17 Nov 2006 Bank margins squeezed
17 Nov 2006 Borrowers using trusts warned
16 Nov 2006 RB warns on deposit risks
16 Nov 2006 RB warns on deposit risks
16 Nov 2006 Tower enhances its 360 product
16 Nov 2006 House prices hit record high: REINZ
16 Nov 2006 Developer behind Kaikoura’s Ocean Ridge wins award
15 Nov 2006 PMI Residential Property Seminar Wellington
15 Nov 2006 BRIDGECORP ANNUAL ROADSHOW
15 Nov 2006 Borrowers using trusts warned
15 Nov 2006 Hanover pulls its first fund
14 Nov 2006 PPCS to raise $75 mill
14 Nov 2006 PMI Residential Property Seminar Auckland
14 Nov 2006 MFS Pacific Road show
14 Nov 2006 BRIDGECORP ANNUAL ROADSHOW
14 Nov 2006 Home Loan Report: Higher home loan rates this week
14 Nov 2006 Key says tax changes will be dropped
14 Nov 2006 Mimms picks up Hunter Hall
13 Nov 2006 MFS Pacific Road show
13 Nov 2006 BRIDGECORP ANNUAL ROADSHOW
13 Nov 2006 Higher home loan rates this week
13 Nov 2006 News Round Up
13 Nov 2006 AIA's Wellington regional manager
13 Nov 2006 Wellington and Christchurch most consistent performers
13 Nov 2006 Annual house price growth drops - a little bit
11 Nov 2006 New national president for Property Council of NZ
10 Nov 2006 S&P announces new rating service
10 Nov 2006 Housing market steady in September quarter
10 Nov 2006 Immigration boosts population to 4.15 million
10 Nov 2006 FundSource Conference
10 Nov 2006 Property investment leaves New Zealand vulnerable
10 Nov 2006 MFS Pacific Road show
10 Nov 2006 S&P announces new rating service
10 Nov 2006 Energy efficiency consultation opens
09 Nov 2006 BRIDGECORP ANNUAL ROADSHOW
09 Nov 2006 First National partners with Fly Buys
09 Nov 2006 FDR could work
09 Nov 2006 NZ Super fund awards 35th mandate
09 Nov 2006 Asteron's new underwriter
08 Nov 2006 Adviserlink Learning Courses
08 Nov 2006 43% of landlords become landlords by chance
08 Nov 2006 BRIDGECORP ANNUAL ROADSHOW
08 Nov 2006 Insurance rules under commission scrutiny
08 Nov 2006 ING's new income funds
07 Nov 2006 Other reasons to give money to fund managers
07 Nov 2006 Salvus hopeful of performance turn around
07 Nov 2006 New finance option for businesses
07 Nov 2006 Landlord insurance bill withdrawn
06 Nov 2006 MFS Pacific Road show
06 Nov 2006 BRIDGECORP ANNUAL ROADSHOW
06 Nov 2006 News Round Up
06 Nov 2006 New finance option for businesses
05 Nov 2006 Housing slowdown, what slow down
05 Nov 2006 Half a mill for Auckland's average house
03 Nov 2006 More finance company ratings
03 Nov 2006 Real estate confidence stable
03 Nov 2006 Mo Bros - Who can win?
03 Nov 2006 MFS looking at buying Northplan
02 Nov 2006 O'Connor joins international planning board
02 Nov 2006 Success selling insurance online
02 Nov 2006 Market Review
02 Nov 2006 One lender takes on banks
02 Nov 2006 Bill to make funds invest ethically
02 Nov 2006 One lender takes on banks
01 Nov 2006 St Laurence offers capital notes
01 Nov 2006 IRD to need 400 staff for KiwiSaver
01 Nov 2006 AXA looks to build dealer group
01 Nov 2006 SCF Auckland firm gets new GM
October 2006
31 Oct 2006 FDR fundamental change to tax system
31 Oct 2006 Lynch joins Dorchester Life
31 Oct 2006 Issues raised about some home equity release schemes
31 Oct 2006 Software: Viewbuild
31 Oct 2006 Taupo - Steady as she goes
30 Oct 2006 Property Law Bill introduced to the House
30 Oct 2006 A bit of Glam
30 Oct 2006 News Round Up
30 Oct 2006 New director at NZ Assets Management
27 Oct 2006 Instant Finance keeps its B3
27 Oct 2006 ING take out top award
27 Oct 2006 Falling house prices good news for Reserve Bank
26 Oct 2006 OCR announcement
26 Oct 2006 Bollard delivers early Christmas present to the housing market
26 Oct 2006 KiwiSaver website now live
26 Oct 2006 OCR remains the same
26 Oct 2006 Hedge funds no longer maverick: Russell
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.
1 day 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…
3 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