GoodReturns
Archive - 2009
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October 2009
23 Oct 2009 Higher minimum standards possible for advisers
23 Oct 2009 RB gears up to regulate insurance sector
23 Oct 2009 ANZ's ING customers awaiting news on compensation
22 Oct 2009 Borrowers who have not fixed face challeges
22 Oct 2009 South Canterbury Finance will seek govt guarantee extension
22 Oct 2009 TOWER adds roaming underwriter
22 Oct 2009 Potential dousing for a warm market
22 Oct 2009 Property prices poised for challenging times: ANZ
22 Oct 2009 Finsia: legal and compliance issues
22 Oct 2009 The big tick
22 Oct 2009 TSB still nudging
22 Oct 2009 Regulations not a quick fix for Non Banks
21 Oct 2009 Fees have potential to discourage independence
21 Oct 2009 AMP Capital takes a knock from direct property investment
21 Oct 2009 Housing market holds steady
20 Oct 2009 Asset Finance gives up Govt guarantee
20 Oct 2009 SCF registers new prospectus
20 Oct 2009 Life too risky for mortgage brokers
20 Oct 2009 KiwiSaver rally strongest in riskier, long term plays
20 Oct 2009 KiwiSaver rally strongest in riskier, long term plays
20 Oct 2009 Mercer looks for dynamic returns
20 Oct 2009 BNZ's turn to raise its rates
20 Oct 2009 Oxford Finance gets investment grade rating
19 Oct 2009 New role for Coote
19 Oct 2009 Traditional spring market true to form
19 Oct 2009 Rates Round Up
19 Oct 2009 Westpac raises rates twice in one week
19 Oct 2009 News round-up
16 Oct 2009 [Weekly Wrap] Don't blink and miss out
16 Oct 2009 Let's educate as well as regulate
16 Oct 2009 ASB fixed rates hike
16 Oct 2009 KiwiSaver fees top $36 million
16 Oct 2009 Comply with me: new complaints body urges
15 Oct 2009 South Canterbury agrees to repay US investors
15 Oct 2009 More fixed rate rises coming
15 Oct 2009 One-year fixed rates are on the move.
15 Oct 2009 Sovereign fronts up with 230% offer
15 Oct 2009 High profile planners adopt fee-based model
15 Oct 2009 GE Money prepares to enter deposit and credit card markets
14 Oct 2009 PIS/Women in Finance Lunch
14 Oct 2009 New chief for AMP association
14 Oct 2009 Proposed ACC changed aimed at affordability
14 Oct 2009 House prices extend gains in September
14 Oct 2009 REINZ regional highlights - September 2009
14 Oct 2009 PSIS rate hikes still below median.
14 Oct 2009 More adviser consultation coming
14 Oct 2009 Guardian Trust told to improve compliance
14 Oct 2009 It can be tricky finding your ideal tenant - let Housing New Zealand move in instead.
13 Oct 2009 Auckland Airport set to offer $125 million in bonds
13 Oct 2009 National Bank removes wide range of fees
13 Oct 2009 AXA names top adviser
13 Oct 2009 ANZ National make major changes
13 Oct 2009 SBS rules out finance company acquisitions
13 Oct 2009 Minister changes QFE rules
13 Oct 2009 Property managers to register as authorised financial advisers
12 Oct 2009 NZ not likely to next cab off the interest rate hike rank
12 Oct 2009 Fisher Funds 2009 Roadshow
12 Oct 2009 Rates round-up
12 Oct 2009 QV stats
12 Oct 2009 News round-up
12 Oct 2009 Growth continues on all fronts
12 Oct 2009 QV regional snapshot - September 2009
09 Oct 2009 [Weekly Wrap] Rolling stones gather no moss
09 Oct 2009 Investing made easy: State of play
09 Oct 2009 Market Review: October 2009 Commentary
09 Oct 2009 Kiwibank hike long term rates
09 Oct 2009 Market Review: October 2009 London Commentary
09 Oct 2009 Banks sing same tune on disclosure statements
09 Oct 2009 Bond issue to halt the brain robbery
08 Oct 2009 Reserve Bank unlikely to follow RBA hike
08 Oct 2009 Mercer Investment Series 2009
08 Oct 2009 Westpac loses massive tax case
08 Oct 2009 KiwiSaver survey: the full numbers revealed
08 Oct 2009 Fixed income investors need to go long for returns
07 Oct 2009 AMP Capital loses a head
07 Oct 2009 Fixed income investors need to go long for returns
07 Oct 2009 RBA hikes rates
07 Oct 2009 ANZ deal fantastic for ING: Fyfe
07 Oct 2009 Opinion: Where's the insurance innovation?
06 Oct 2009 RBA rate hike won’t damp deposit rate war
06 Oct 2009 Resetting the insurance scene
06 Oct 2009 Sinclair joins Baker on Dorchester board
06 Oct 2009 Mercer Investment Series 2009
06 Oct 2009 Auction rather than fixed price the best strategy
06 Oct 2009 Gold is the answer to financial crisis
06 Oct 2009 Interest rate markets watch Australia today
06 Oct 2009 Dorchester looks to do deal with debenture holders
05 Oct 2009 HSBC's mortgage book shrinks but profits jump
05 Oct 2009 Auckland home listings rise, prices dip in September
05 Oct 2009 Property investors positive about the future
05 Oct 2009 New relationship manager for Public Trust
05 Oct 2009 News round-up
04 Oct 2009 Rates Round Up
04 Oct 2009 Tax Working Group says property investors pay no tax
02 Oct 2009 [Weekly Wrap] Finding the path
02 Oct 2009 The rational bubble
02 Oct 2009 Housing rent likely to rise with capital gains tax
02 Oct 2009 Simplifying redundancy with new product
02 Oct 2009 Nelson BS increases rates
02 Oct 2009 Auditors tag SCF accounts on funding worries
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".
4 days ago Paul Flood