GoodReturns
Archive - 2004
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November 2004
22 Nov 2004 Kiwibank stays aloof from home loans price war
21 Nov 2004 New term deposit bond
19 Nov 2004 Kookmin makes enforeable undertaking
19 Nov 2004 ASFONZ Investing - Currency & Hedging course
19 Nov 2004 Stobo report makes funds more attractive
18 Nov 2004 Alarm over home ownership numbers is premature
18 Nov 2004 Stobo report makes funds more attractive
18 Nov 2004 Residents fight LIM contamination plans
18 Nov 2004 House sales cool despite rates war
18 Nov 2004 Interest Rates May Rise Say Property Institute
18 Nov 2004 Property prices and sales on the up in October
18 Nov 2004 Property boom sees prices soar in Otago
18 Nov 2004 Property owners still angry
18 Nov 2004 Home loan rate war moves to one year market
18 Nov 2004 Alarm over home ownership numbers is premature
18 Nov 2004 Property prices and sales on the up in October
18 Nov 2004 Property Trust Acquires Capital Properties Stake
18 Nov 2004 Urbus announces $14.5m property redevelopment
18 Nov 2004 Blue Chip extends its portfolio mix
18 Nov 2004 Blue Chip buys up Auckland CBD properties
18 Nov 2004 Breaker Bay sale record
18 Nov 2004 Work starts on four-star city hotel
18 Nov 2004 Surfing hot spot sold
18 Nov 2004 Landowners hold up hydro plan
18 Nov 2004 Bank competition on fixed rates intensifies
18 Nov 2004 Power plan an eyesore: residents
18 Nov 2004 Undercurrent in Tower's result
18 Nov 2004 NZ Property Magazine
18 Nov 2004 TOWER roadshow
18 Nov 2004 Chief actuary for CIGNA
18 Nov 2004 Survey on semantics upsets Tower
17 Nov 2004 Stobo provides tonic to funds management industry
17 Nov 2004 Savers in for $250m tax gain
17 Nov 2004 Rest-home closure deepens fears of aged care crisis
17 Nov 2004 Housing goes ahead
17 Nov 2004 South Canterbury's population increasing
17 Nov 2004 Emotions run high at Auckland 'dirty dirt' meeting
17 Nov 2004 Capital gains tax expected to change
17 Nov 2004 Home loan interest rates war 'risks another boom'
17 Nov 2004 TOWER roadshow
17 Nov 2004 Dreaming about tax isn't a good idea, but if it happens....
17 Nov 2004 Home loan rate war moves to one year market
17 Nov 2004 Reaction to Stobo report
16 Nov 2004 Auckland Property Investors Association meeting
16 Nov 2004 NZiRA / Tower 2004 seminar series
16 Nov 2004 Stobo report creates momentum for change
16 Nov 2004 TOWER Roadshow
16 Nov 2004 ASFONZ Investing - Currency & Hedging course
16 Nov 2004 Opposition to workplace savings scheme mounts
16 Nov 2004 AMP to lure advisers with lower fees and higher trail commissions
15 Nov 2004 Looking ahead
15 Nov 2004 UDC goes up against Fastsaver
15 Nov 2004 Adviserlink Business Financial Services
15 Nov 2004 ASFONZ opposes generic savings scheme
15 Nov 2004 Property problems: Persuading a neighbour to clean up a section
15 Nov 2004 Largest fine for Waitakere landlord
15 Nov 2004 Treat brokers' tips warily
15 Nov 2004 Rates tumble in home loan war
15 Nov 2004 Financial services claims misleading
15 Nov 2004 Capital Properties profit up 25.7pc
15 Nov 2004 Most landlords responsible say investors
15 Nov 2004 Clients drive BNZ's mortgages
15 Nov 2004 Banks woo students in hope of big dividends later
15 Nov 2004 Trans Tasman Properties to move to Singapore
15 Nov 2004 Takapuna village gets green light
15 Nov 2004 New mines lack staff, housing
15 Nov 2004 News Round Up
15 Nov 2004 Two-year rates go below 7%
15 Nov 2004 Market not ripe yet for Islamic insurance products
15 Nov 2004 Dollar predicts house prices
14 Nov 2004 Nationwide Finance increases profit by $1.4 mill
12 Nov 2004 Pondering Penn's proposition
12 Nov 2004 AMP's new equities manager
12 Nov 2004 Welcome to Phil's Blog
12 Nov 2004 Govt needs to protect super fund people
11 Nov 2004 Property values in city up 50%
11 Nov 2004 Foreign land buyers face big fines
11 Nov 2004 Hot price for tranquil lifestyle
11 Nov 2004 New noise rules for city developers
11 Nov 2004 Neighbourhood Support set to grow in Geraldine area
11 Nov 2004 Treasury comes up with revised tax-take figures
11 Nov 2004 Residents lax about security
11 Nov 2004 Residents vent their anger
11 Nov 2004 Commissions help raise standard of advice
11 Nov 2004 Sovereign launches two competitive non-formula home loans
10 Nov 2004 CGT on funds to go
10 Nov 2004 NZ Super Fund gets tick
10 Nov 2004 2004 ASFA Conference
10 Nov 2004 SuperFunds Summit 2005
10 Nov 2004 Bank advisers attacked
10 Nov 2004 Superbank's figures get loose
09 Nov 2004 New man takes over Dorchester-owned businesses
09 Nov 2004 NZiRA / Tower 2004 seminar series
09 Nov 2004 ASFONZ Best Practice Governance course
09 Nov 2004 Pondering Porirua property
09 Nov 2004 Hutt's revival years in the making
09 Nov 2004 Hovering pessimism in residential housing market
09 Nov 2004 More signs housing market slowing
09 Nov 2004 Splurge or save - it's a matter of patriotism
09 Nov 2004 The investment smorgasbord
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".
5 days ago Paul Flood