GoodReturns
Archive - 2010
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October 2010
17 Oct 2010 News Round Up
17 Oct 2010 Property investors learn new LAQC rules
15 Oct 2010 Pick-up in residential property market expected next year
15 Oct 2010 IFA lobbys for longer licencing periods
15 Oct 2010 Avanti Finance converts sister firm Galatos into subsidiary
15 Oct 2010 FDR compliant fees lower than suggested
14 Oct 2010 Business Finance's rating revised to stable from negative
14 Oct 2010 HSBC appoints chief economist for NZ and Australia
14 Oct 2010 SCF debenture and deposit holders to get repayment date
14 Oct 2010 Making the jump worthwhile
14 Oct 2010 How attractive would rates have to be to fix?
14 Oct 2010 House sales ease up slightly
14 Oct 2010 REINZ residential highlights - September 2010
14 Oct 2010 Financial misconduct should be civil not criminal matters
14 Oct 2010 Economists give their views on house prices
14 Oct 2010 Avoid tenant issues by knowing the law: DBH
13 Oct 2010 John Banks becomes chairman of Huljich
13 Oct 2010 Huljich appoints chief investment officer
13 Oct 2010 Big boost in level sales recorded before tax changes
13 Oct 2010 Clarifying changes to qualifying company rules
13 Oct 2010 Quality Advice Network launched
12 Oct 2010 Fidelity appoints Grant Samuel as independent adviser for takeover bid
12 Oct 2010 Investors need to review company structures
12 Oct 2010 Retail Deposit Guarantee audit welcomed
12 Oct 2010 Housing affordability improves
11 Oct 2010 Real Property KiwiSaver Scheme pulls the pin
11 Oct 2010 RBNZ’s approval proposed for significant ownership transfer of NBDT
11 Oct 2010 AMP opts for a fee for service model
11 Oct 2010 How attractive would rates have to be to fix?
11 Oct 2010 LAQC changes to be announced
11 Oct 2010 Perpetual launches Auckland adviser service
11 Oct 2010 New investment manager at AXA Global Investors
11 Oct 2010 Govt improving housing affordability
11 Oct 2010 News Round Up
11 Oct 2010 Chris Lee taps ex-Hubbard exec for Timaru branch
10 Oct 2010 Growth in mortgage lending slows
10 Oct 2010 Rates Update: HSBC gets aggressive
10 Oct 2010 Geneva Finance continues to repay investors
10 Oct 2010 Mortgagee sales up again
08 Oct 2010 Your chance to tell us about fixed interest investing
08 Oct 2010 The ABC of authorisation
07 Oct 2010 Morningstar appoints chief executive
07 Oct 2010 Compulsory KiwiSaver not necessarily silver bullet
07 Oct 2010 Lack of quality listings on the market
07 Oct 2010 Wellington looking for more listings
07 Oct 2010 Auckland values remain stable
07 Oct 2010 Interest rate impact on borrowers' wallets
07 Oct 2010 Canterbury market returning to normal: QV
07 Oct 2010 The impact of interest rates
07 Oct 2010 IFA Code Cracker Roadshow
07 Oct 2010 NZ Funds warns of subprime sovereign debt
06 Oct 2010 Odd happenings with SFF Bonds
06 Oct 2010 FMG sides with Fidelity Life in opposition to Tower offer
06 Oct 2010 IFA Code Cracker Roadshow
06 Oct 2010 Uncanny prediction for house prices
06 Oct 2010 ETITO looking to set more dates for exams
05 Oct 2010 Heartland bank announces its line up
05 Oct 2010 Fixing not as attractive as it looks
05 Oct 2010 Fidelity Life says major shareholders to reject Tower offer
05 Oct 2010 Knowing when to quit
05 Oct 2010 Spring no saviour for Auckland house sales: Barfoot
05 Oct 2010 IFA Code Cracker Roadshow
05 Oct 2010 QFEs like sales point for retail products
05 Oct 2010 NZF’s liquidity risk on mend with RMBS issues
05 Oct 2010 TOWER's bid anything but friendly
04 Oct 2010 Taking the hassle out of switching banks
04 Oct 2010 Brook boosts research capabilities
04 Oct 2010 Rate Update: UDC trumps big banks
04 Oct 2010 News Round Up
04 Oct 2010 Home building passes low point
01 Oct 2010 Fidelity – “a nice size and fit for TOWER”
01 Oct 2010 Hubbard investors to get 3c in dollar payment
01 Oct 2010 TOWER makes surprise bid for Fidelity
01 Oct 2010 TOWER offers $118m to takeover Fidelity Life
01 Oct 2010 Rents rising but landlords need to be careful
01 Oct 2010 Asteron takes different approach to GST increase
01 Oct 2010 Tyndall commentary: Quantitative easing Round 2?
01 Oct 2010 Probability of a global double dip high: Hunt
01 Oct 2010 Wanganui: Returns in the river city
September 2010
30 Sep 2010 Aston takes up sales position at ING Life
30 Sep 2010 Building consents tumble, ensures rates stay low
30 Sep 2010 IFA Code Cracker Roadshow
29 Sep 2010 SCF debenture holders payment delayed
29 Sep 2010 Celsius fund being wound up early
29 Sep 2010 F&P Finance offering big incentive for 1yr rates
29 Sep 2010 GDP lower than expected
29 Sep 2010 GDP surprise to hold back OCR increase
29 Sep 2010 Sovereign given five-star rating by advisers
29 Sep 2010 TOWER tackles workplace woes
29 Sep 2010 IFA Code Cracker Roadshow
29 Sep 2010 Morningstar gives two Tyndall funds a look
28 Sep 2010 TD rates can't go higher: Westpac
28 Sep 2010 AIA launches two products in online road show
28 Sep 2010 Newpark provides leads for members
28 Sep 2010 IFA Code Cracker Roadshow
28 Sep 2010 Thinking behind voluntary authorisation explained
28 Sep 2010 Quake helps property managers and vacancy levels
28 Sep 2010 ANZ paints sombre picture of house prices
27 Sep 2010 [New offer] TrustPower bonds
27 Sep 2010 GDP surprise holds back OCR increase
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.
20 hours 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.
22 hours 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.
2 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…
2 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