GoodReturns
Archive - 2006
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September 2006
26 Sep 2006 Pero ends its brief NZX listing
26 Sep 2006 Trusts v LAQCs: Which is best?
25 Sep 2006 News Round Up
25 Sep 2006 New head of sales & marketing at Tower
24 Sep 2006 Proposed mortgage levy put to property conference
23 Sep 2006 About the new look Landlords.co.nz
22 Sep 2006 New REINZ president promises to “lift the bar”
22 Sep 2006 Fidelity Life profit up 77%
22 Sep 2006 Rutherford Rede succumbs to Plan B charms
22 Sep 2006 Property market has aura of vulnerability
21 Sep 2006 Provincial's first payment exceeds expectations
21 Sep 2006 Deposit rate news briefs
21 Sep 2006 ANZ National Bank increase market share
21 Sep 2006 Call to regulate home equity release products
20 Sep 2006 Housing Minister addresses REINZ on affordability crisis
20 Sep 2006 KiwiSaver threatens regular savings schemes
20 Sep 2006 Two new BDMs at Sovereign
20 Sep 2006 KiwiSaver threatens regular savings schemes
19 Sep 2006 Tower gets A-
19 Sep 2006 New tax proposals cause problems
19 Sep 2006 House price growth in fast growing towns to slow
18 Sep 2006 HSBC exits broker market
18 Sep 2006 Fin coys to lose their provisioning cushion
18 Sep 2006 How the fair dividend rate would work
18 Sep 2006 Landlord insurance bill canned - for now
17 Sep 2006 Wealth tax now on the agenda
15 Sep 2006 Residential property market continues to flatten out
15 Sep 2006 Key accepts there is a savings problem
15 Sep 2006 Key accepts there is a savings problem
15 Sep 2006 Three new senior managers at AIA
14 Sep 2006 Monetary Policy Statement
14 Sep 2006 Bollard leaves rates unchanged but talks tough
14 Sep 2006 OCR unchanged at 7.25%
14 Sep 2006 Tax changes: What a flippin' mess
14 Sep 2006 Hanover launches fund
14 Sep 2006 Sovereign's new MD named
14 Sep 2006 New homes face compulsory energy efficiency ratings
14 Sep 2006 Unit Titles Act under review
14 Sep 2006 Interest rate rise still possible: Bollard
13 Sep 2006 Hanover reckons its rating to be BB
13 Sep 2006 RFRM back on agenda
12 Sep 2006 KiwiSaver and workplace savings schemes
12 Sep 2006 Heavyweights put up tax alternatives
12 Sep 2006 Pick of the Cropp for Dominion Finance
11 Sep 2006 News Round Up
11 Sep 2006 Mixed bag in house price growth
10 Sep 2006 "Dr Do Little" expected to leave rate unchanged
08 Sep 2006 New tax fight looming
08 Sep 2006 Wright move
08 Sep 2006 New page for Jeff
08 Sep 2006 Average rents declining in Auckland
07 Sep 2006 Parsons named top broker
07 Sep 2006 ING anoints new CIO
06 Sep 2006 ING adds to senior team
06 Sep 2006 ING September roadshow
06 Sep 2006 Rapid Ratings returns
06 Sep 2006 Credit rating no silver bullet: S&P
06 Sep 2006 Creating two classes of finance companies
06 Sep 2006 Australian advisory firm merges with SAM
06 Sep 2006 Chan in the chair
05 Sep 2006 Kiwibank adds $250m to loan book
05 Sep 2006 ING September roadshow
05 Sep 2006 New regulations may catch real estate agents
05 Sep 2006 Deposit rate news briefs
05 Sep 2006 Dorchester launches second generation home equity release
05 Sep 2006 Kiwibank adds $250m to loan book
04 Sep 2006 ING September roadshow
04 Sep 2006 Market Review: US housing downturn a warning for New Zealand?
04 Sep 2006 Affordable housing co-ordinator to be appointed
04 Sep 2006 News Round Up
04 Sep 2006 Dunne is deluded or ill-informed
04 Sep 2006 Mortgage repayment plans get cautious welcome
01 Sep 2006 Big finance companies to be treated like banks
01 Sep 2006 West Coast - Riding a wave
August 2006
31 Aug 2006 Wide ranging reform proposals unveiled
31 Aug 2006 Software: The Document Factory
31 Aug 2006 KiwiSaver airborne
31 Aug 2006 New private bank head at Westpac
31 Aug 2006 SOS sent to Cullen
31 Aug 2006 KiwiSaver airborne
30 Aug 2006 Website: InfometricsProperty.co.nz
30 Aug 2006 Rental Analyst
30 Aug 2006 Property Return$ Software
30 Aug 2006 Rotorua: Bubbling away in Rotorua
30 Aug 2006 Canterbury: Winds of Change
30 Aug 2006 Northland: On the up, up north
30 Aug 2006 NZ Superannuation Fund Announces Resignation of Chief Executive
30 Aug 2006 ASFONZ, Women in Super & Tyndall Industry Breakfast
30 Aug 2006 Dunne's email
30 Aug 2006 Dunne blames UK trusts for opposition
30 Aug 2006 Wellington: Fault free
30 Aug 2006 Waiting for the next home loan rate war
29 Aug 2006 ASFONZ, Women in Super & Tyndall Industry Breakfast
29 Aug 2006 Sky to offer 10-year bonds
29 Aug 2006 New tax start dates unfair
29 Aug 2006 Market share slips for two banks
28 Aug 2006 Money Managers to develop franchises
28 Aug 2006 News Round Up
28 Aug 2006 Deposit Rates News Briefs
25 Aug 2006 Mixed reaction to KiwiSaver changes
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