GoodReturns
Archive - 2017
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September 2017
29 Sep 2017 Consents spike not enough
29 Sep 2017 The start of Fidelity's digital transformation
29 Sep 2017 Algorithm handles rebalancing
29 Sep 2017 Nest Home Loans appoints two new advisers
29 Sep 2017 Getting to Know: Murray Harris
29 Sep 2017 Chief executive tipped to lead
29 Sep 2017 Financial Advice NZ: Much ado about nothing?
28 Sep 2017 Don’t assume prices will keep rising - ANZ
28 Sep 2017 Growth outlook overshadows OCR call
28 Sep 2017 Super Fund buoyed by global equities
28 Sep 2017 Growth outlook overshadows OCR call
28 Sep 2017 RBNZ announces OCR decision
28 Sep 2017 RBNZ announces OCR decision
28 Sep 2017 Acting governor Grant Spencer announces OCR decision
28 Sep 2017 14pc of inquiries about advisers, FMA says
28 Sep 2017 Transparency, simplicity 'key for insurance growth'
28 Sep 2017 Deadline looms for information returns
28 Sep 2017 No Spring lift in investor lending
27 Sep 2017 Predicting election impact
27 Sep 2017 Aussie robo provider wants to partner with Kiwi advisers
27 Sep 2017 Insurer creates new role
26 Sep 2017 Fintech accelerator to run again
26 Sep 2017 Whistle-blowers more exposed under new rules
25 Sep 2017 OCR preview: What economists are thinking now
25 Sep 2017 Syndicating options
25 Sep 2017 ASB keeps ownership of Sovereign Home Loans
25 Sep 2017 Saturn appoints AFA
25 Sep 2017 Kiwi Wealth latest to get responsible tick
25 Sep 2017 Peters as Kingmaker: What next for investors?
25 Sep 2017 Caution to dictate OCR call this week
22 Sep 2017 RBNZ ditches bank disclosure statements
22 Sep 2017 Getting to Know: Andrew Kelleher
22 Sep 2017 Newpark paying for members to do Level 5 papers
22 Sep 2017 Advisers welcome Sovereign sale news
22 Sep 2017 NZAM makes changes
22 Sep 2017 Simplicity offers income option
21 Sep 2017 Radical reform for Wellington housing
21 Sep 2017 Clients complain about advisers
21 Sep 2017 Migration may have peaked
21 Sep 2017 Sovereign sold
21 Sep 2017 Labour would change Reserve Bank - so what?
20 Sep 2017 Election 2017: the housing round up
20 Sep 2017 Three terms lowered at The Co-operative Bank
20 Sep 2017 Rents surge for urban living options
20 Sep 2017 Biggest ever non-Govt bond offer reaches the end
20 Sep 2017 Advisers should speak up for investor unfairness
19 Sep 2017 Hobson Wealth announces new hires
19 Sep 2017 The Auckland housing crisis - not even half the numbers
19 Sep 2017 ANZ changes
19 Sep 2017 FANZ versus Financial Advice NZ
18 Sep 2017 Election 2017: the housing round up
18 Sep 2017 Zurich, AIA make play for Sovereign
18 Sep 2017 SBS down; BNZ up
18 Sep 2017 Synergy announces resignation
18 Sep 2017 Don’t bank on those dividends
15 Sep 2017 Southern Cross reports healthy result
15 Sep 2017 Getting to Know: Toni Dodds
15 Sep 2017 Sales down but life in market
15 Sep 2017 New director for FDRS
15 Sep 2017 Smartshares reduces ETF fees
15 Sep 2017 Local managers could miss out on passport benefits
15 Sep 2017 No need to open KiwiSaver to finance companies: AMP
14 Sep 2017 Triplejump could get boost from new qualification rules
14 Sep 2017 Rents set to rise if Labour wins
14 Sep 2017 Online offer 'more than quote and compare'
14 Sep 2017 Consilium named finalist in awards
14 Sep 2017 No case to end LVRs – S&P
14 Sep 2017 Bonds failure costs landlord nearly $40k
14 Sep 2017 Are KiwiSaver members being ripped off?
13 Sep 2017 No post Unitary Plan subdivision boom
13 Sep 2017 Bill's quality and quantity aims 'a possible conflict'
12 Sep 2017 Gareth Morgan disappears
12 Sep 2017 New disclosure requirement could backfire
12 Sep 2017 NZ slips in global price rankings
11 Sep 2017 Mercer appoints CIO
11 Sep 2017 nib launches AI solution
11 Sep 2017 Newest adviser to join Mortgage Express
11 Sep 2017 Top fund managers recognised
11 Sep 2017 Why responsible investing counts
11 Sep 2017 To CGT or not to CGT?
11 Sep 2017 Top fund managers recognised
11 Sep 2017 Tipping point for responsible investing
11 Sep 2017 Insurance cover and suicide rates
11 Sep 2017 HomeStart boost could drive prices up
11 Sep 2017 A rise against the falls
11 Sep 2017 23 year old duo turn over $30m
11 Sep 2017 New Zealand's advice problem
11 Sep 2017 Good Returns' columnist takes out top award
09 Sep 2017 GRTV Ep4: How top fund managers are picked; the growing importance of Responsible Investing
08 Sep 2017 Apartment under supply looming
08 Sep 2017 Bath sues over failed Perpetual Guardian sale
08 Sep 2017 No winners from tenancy law tinkering
08 Sep 2017 Getting to Know: Liz Koh
08 Sep 2017 Responsible investing: Is there a cost?
07 Sep 2017 Pie Funds reveals manager change
07 Sep 2017 Dramatic change in price expectations
07 Sep 2017 Accuro: Early days but happy with online response
07 Sep 2017 Funds not 'true to label': Researcher
07 Sep 2017 New tool means better property valuations
06 Sep 2017 Landlords key to solving crisis
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.
12 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.
15 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