GoodReturns
Archive - 2020
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December 2020
01 Dec 2020 nib appoints new adviser partner manager
01 Dec 2020 Mortgage Lab makes learning and development hire
01 Dec 2020 The two code standards that advisers need to know
November 2020
30 Nov 2020 F&P Healthcare gives NZX 50 an end of month surge
30 Nov 2020 Finalists announced for Good Returns Fund Manager of the Year 2020
30 Nov 2020 SBS cuts two, three, four-year rates
30 Nov 2020 First home buyers taking risks; Advisers react to DTI talk
30 Nov 2020 First home buyers taking risks
30 Nov 2020 Using nursery rhymes to promote life insurance
30 Nov 2020 C-suite strengthened at MMC
30 Nov 2020 Housing market to cool? Yeah Right
29 Nov 2020 Cigna policy enhancements and new adviser toolkit announced
28 Nov 2020 Privacy and process why it is crucial to your business
28 Nov 2020 Good Returns Fund Manager of the Year Awards back for 2020
27 Nov 2020 F&P Healthcare rally pushes shares higher
27 Nov 2020 Milford continues Australian expansion
27 Nov 2020 DTIs: what do advisers think?
27 Nov 2020 Reserve Bank eyes DTIs
27 Nov 2020 Why life expectancy has improved – and how much further we can go?
27 Nov 2020 Kernel finishes first year with capital raise
27 Nov 2020 Fidelity Life’s transformation continues with top culture award
26 Nov 2020 New digital partnership for nib
26 Nov 2020 NZX50 runs out of puff as Kiwi marches higher
26 Nov 2020 Reserve Bank eyes DTIs
26 Nov 2020 Health Funds Association NZ and Financial Services Council to merge
26 Nov 2020 Evidence mounts for NZ property market rebound
26 Nov 2020 Record October mortgage lending; Is a negative OCR now less likely?
26 Nov 2020 Nikko AM disrupts KiwiSaver market with high performing ARK fund
25 Nov 2020 Shares soar amid flurry of local news
25 Nov 2020 Record October mortgage lending
25 Nov 2020 Is a negative OCR now less likely?
25 Nov 2020 Swan flies in; Graham lands new gig
25 Nov 2020 DTIs and high LVR lending a risk; Robertson intervenes on housing; BNZ brings back LVRs
25 Nov 2020 Financial Stability Report: DTI and high-risk lending a concern
25 Nov 2020 AMP Capital insider flies into top job
24 Nov 2020 Kiwi dollar spikes as RBNZ challenged on house prices
24 Nov 2020 Craigs makes three changes at the top
24 Nov 2020 Finance minister intervenes on house prices
24 Nov 2020 BNZ reintroduces LVR limits
24 Nov 2020 How many people are still asking for home loan help?; ICBC rate cuts
24 Nov 2020 How many people are still asking for home loan help?
24 Nov 2020 NZ investors targeted by scammers: Why advisers need to take note
23 Nov 2020 NZ shares rally as retail data rebounds
23 Nov 2020 Tough conditions for first home buyers
23 Nov 2020 Tough conditions for first home buyers
22 Nov 2020 [The Wrap] What to make of changes in dealer group land
20 Nov 2020 NZ shares fall on Ryman result and strong currency
20 Nov 2020 Pathfinder wins big at the 2020 Sustainable Business Awards
20 Nov 2020 AMP's move to passive creates opportunities for active managers
20 Nov 2020 Industry calls for Welcome Home Loan changes; BNZ axes branches
20 Nov 2020 Professional indemnity insurance: What advisers need to know
19 Nov 2020 Hawkes Bay adviser joins Milestone
19 Nov 2020 Tourism Holdings leads second fall for NZ shares
19 Nov 2020 Harmoney floats
19 Nov 2020 Industry keen for Welcome Home Loan changes
19 Nov 2020 SHARE and Newpark confirm merger; Countdown to healthy homes
19 Nov 2020 BNZ to shut 38 branches
19 Nov 2020 FMA seeks consultation on proposed guidance for advertising
18 Nov 2020 A2 Milk ends 11-day share market rally
18 Nov 2020 SHARE confirms Newpark acquisition
18 Nov 2020 SHARE confirms Newpark acquisition
18 Nov 2020 Newpark sold to surprise buyer; NZFSG-Kepa merger closes; Big bank broker boss retires
18 Nov 2020 Newpark sold to a surprise buyer
18 Nov 2020 Newpark sold to a surprise buyer
18 Nov 2020 Select Wealth Management launches adviser focused KiwiSaver scheme
18 Nov 2020 NZFSG-Kepa finalise merger
17 Nov 2020 Second vaccine sees investors eye recovery
17 Nov 2020 New director appointed to Lifetime board
17 Nov 2020 Liberty Financial plans IPO; How low will mortgage rates go?
17 Nov 2020 Liberty Financial plans stock market float
17 Nov 2020 First quarter claims rise, nib report
17 Nov 2020 Just 14 days until new healthy homes standards kick in
17 Nov 2020 PRI’s updated framework a challenge for responsible investors
16 Nov 2020 Fidelity Life dials up new tech
16 Nov 2020 NZ shares and dollar rise as optimism lingers
16 Nov 2020 How low will one and two-year rates go?
16 Nov 2020 New Loan Market CEO; Will we get negative rates?; ANZ brings back LVRs
16 Nov 2020 Perception of conflict of interest serious as the real thing
16 Nov 2020 Why negative rates might not be needed
15 Nov 2020 [The Wrap] Are banks heading for the advice exit door?
13 Nov 2020 F&P Healthcare drives gain as investors hedged on pandemic
13 Nov 2020 Loan Market names new CEO
13 Nov 2020 ANZ reintroduces investor LVRs
13 Nov 2020 Does liability for advice stop when clients are sold?
13 Nov 2020 ASB slashes rates, brings back investor LVRs; Advisers divided on LVR return
13 Nov 2020 Westpac and Forsyth Barr confirm strategic partnership
12 Nov 2020 Big bank broker boss retires
12 Nov 2020 Shares flat as volatile prices settle
12 Nov 2020 ASB brings back investor LVRs
12 Nov 2020 Financial Advice NZ and FMA partner to launch full licensing application guide
12 Nov 2020 New Zealand death rates low, despite Covid-19
12 Nov 2020 Advisers divided on LVR return
12 Nov 2020 Have the odds of a negative OCR fallen?; Orr defends LVR decision
12 Nov 2020 Does New Zealand really need four dispute resolution schemes?
11 Nov 2020 Dollar soars as investors price out negative cash rate
11 Nov 2020 Orr has no regrets on scrapping LVR limits
11 Nov 2020 Economists react to bank funding programme
11 Nov 2020 OCR decision revealed
11 Nov 2020 Reserve Bank looks to bring back lending restrictions
11 Nov 2020 LVR limits set to return; Bank capital rules delayed; How will RBNZ push down rates?
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".
3 days ago Paul Flood