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Clear Filter
October 2006
26 Oct 2006
Bollard delivers early Christmas present to the housing market
25 Oct 2006
Back from deal land
25 Oct 2006
FDL appoints new BDM
25 Oct 2006
Industry concerned about tax changes
24 Oct 2006
Bullish investors defy experts’ expectations
24 Oct 2006
Bye, bye Byett
24 Oct 2006
Suncorp and Promina agree to deal
23 Oct 2006
Close call whether rates will rise
20 Oct 2006
Capital Protected Commodities
20 Oct 2006
The perfect asset allocation
20 Oct 2006
Merged group sets some goals
20 Oct 2006
New asset allocation from Morningstar
19 Oct 2006
Pressure forces rates up
19 Oct 2006
BT gets new CIO
19 Oct 2006
Big guns maybe hauled in on tax changes
19 Oct 2006
Property market takes another hit from GST changes
18 Oct 2006
Deposit rate news briefs
18 Oct 2006
Second survey shows drop in KiwiSaver awareness
18 Oct 2006
The perfect asset allocation
17 Oct 2006
LIONTAMER ROADSHOW
17 Oct 2006
Bluestone launches reverse mortgages
17 Oct 2006
Soft landing an illusion
17 Oct 2006
Giles rejoins Hanover
16 Oct 2006
Residential property prices stage spring recovery
16 Oct 2006
LIONTAMER ROADSHOW
16 Oct 2006
Adviserlink Learning Courses
16 Oct 2006
Morningstar Asset Allocation Roadshow
16 Oct 2006
Saving for retirement based on guesswork
16 Oct 2006
News Round Up
16 Oct 2006
Software: Residential Investment Property Analysis
16 Oct 2006
Otago Lakes District – Queenstown and Wanaka, A remarkable outlook
14 Oct 2006
Housing boom triggers drop in savings
13 Oct 2006
Falling rates maybe short-lived
13 Oct 2006
More funding to help process building consents
13 Oct 2006
Fund Manager of the Year nominees announced
12 Oct 2006
Suncorp bid sparks rash of speculation
12 Oct 2006
LIONTAMER ROADSHOW
12 Oct 2006
Falling rates maybe short-lived
12 Oct 2006
Disclosing amount of commission unnecessary
12 Oct 2006
New energy efficiency measures will impact building
12 Oct 2006
New texts help real estate agents to do it by the book
11 Oct 2006
LIONTAMER ROADSHOW
11 Oct 2006
Nats would adopt tax proposal
11 Oct 2006
S&P seeks more support for ratings system
10 Oct 2006
HSBC's market share slides
10 Oct 2006
Adviserlink Learning Courses
10 Oct 2006
Adviserlink Learning Courses
10 Oct 2006
LIONTAMER ROADSHOW
10 Oct 2006
ASFONZ - Women in Super Breakfast
10 Oct 2006
Not enough advisers for KiwiSaver
10 Oct 2006
Geneva Finance strengthens team
10 Oct 2006
Frequently Asked Questions
09 Oct 2006
LIONTAMER ROADSHOW
09 Oct 2006
Site for pension discussion launched
09 Oct 2006
News Round Up
09 Oct 2006
Residential property still picked as top performer
09 Oct 2006
House prices still up, but stable
08 Oct 2006
Hawkins company buys National Finance loans
08 Oct 2006
KiwiSaver - Saving the kiwi way
08 Oct 2006
Wellington house prices move ahead
06 Oct 2006
2006 Tax Conference
06 Oct 2006
Obituary: Steve Stilton
06 Oct 2006
Our current account woes
05 Oct 2006
Spring campaign starts with a bang
05 Oct 2006
Wealthy and Wise sold
05 Oct 2006
Pension could be linked to life expectancy
05 Oct 2006
Spring campaign starts with a bang
04 Oct 2006
Market Review: Our Current Account Woes
04 Oct 2006
OMNIMax™ certification course
04 Oct 2006
Tax changes may have unintended consequences: Hildyard
03 Oct 2006
Developer to build 1000 Christchurch apartments in 10 years
03 Oct 2006
Bolger to TE chair board
03 Oct 2006
Inland Revenue KiwiSaver forum
03 Oct 2006
Understanding the FundSource deal
03 Oct 2006
NZ's first Islamic home loan launched
03 Oct 2006
Different approach to definition of adviser mooted
02 Oct 2006
Finally an announcement
02 Oct 2006
Financial planners finally get a ceo
01 Oct 2006
Residential tenancies reforms announced
01 Oct 2006
Residential tenancies reforms announced
September 2006
30 Sep 2006
NZX buys FundSource
30 Sep 2006
CBD office returns soar
29 Sep 2006
Changes needed to Taxation Bill: Property Council
29 Sep 2006
Affordable, sustainable, ‘research’ home opens in Rotorua
29 Sep 2006
Sale give Western Bay Finance investors some dollars
29 Sep 2006
Wairarapa: Tapping into the positive flow
28 Sep 2006
St Laurence gets highly experienced director
28 Sep 2006
Sale give Western Bay Finance investors some dollars
28 Sep 2006
Plantech sold to X Plan
28 Sep 2006
Fair ain't fair
28 Sep 2006
REINZ makes nine licence cancellation applications
27 Sep 2006
Landlords voice concerns over RTA proposals
27 Sep 2006
Landlords voice concerns over RTA proposals
27 Sep 2006
New regulations for retirement villages come into force
27 Sep 2006
The future arrives: TOWER launches global commodities fund
27 Sep 2006
BNZ changes its mortgage offering
27 Sep 2006
More modern tax rules to be developed
27 Sep 2006
Geneva keeps its B+ rating
27 Sep 2006
Plans to licence builder well-received: Minister
26 Sep 2006
Australian software fills front-end gap for Aegis
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Latest News
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
2 min read
FMA outlines its latest expectations for advisers
6 min read
[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