GoodReturns
Archive - 2020
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October 2020
21 Oct 2020 High LVR investor lending up 134%
21 Oct 2020 What lies ahead for investors
21 Oct 2020 LVR limits could return: RBNZ
21 Oct 2020 The Co-operative Bank launches 2.25% offer; BNZ 6 and 18 month changes
21 Oct 2020 AMP KiwiSaver members should expect major fee reduction
20 Oct 2020 Kiwi dollar hits three month high against Aussie
20 Oct 2020 2.25% one year rate from the Co-op
20 Oct 2020 AMP change KiwiSaver from active to passive
20 Oct 2020 COMMENT: Is a post-election market surge likely?
20 Oct 2020 Negative OCR still needed: Westpac
20 Oct 2020 Negative OCR still needed - Westpac
19 Oct 2020 Markets unrattled by election, electricity sector falls
19 Oct 2020 Avanti hires credit specialist
19 Oct 2020 Negative official cash rate still needed: Westpac
19 Oct 2020 High LVR loans: what does the data say?
19 Oct 2020 High LVR lending: what does the data say?
19 Oct 2020 Hunter: KiwiSaver funds in global shares liable for tax slippage
18 Oct 2020 Going beyond the returns: embracing fintech to deepen human connections
18 Oct 2020 Election, recovery and vaccine uncertainty
16 Oct 2020 Power rally pauses ahead of election
16 Oct 2020 Something’s gotta give on prices
16 Oct 2020 LVR limits will return for investors
16 Oct 2020 LVR limits tipped to return for investors next year; ASB 18 month rate cut
16 Oct 2020 [FSC Conference] The rise of the machines; Robo like a toddler
16 Oct 2020 FSC finds New Zealanders’ financial resilience shines through tough times
16 Oct 2020 LVR limits will return for investors: Alexander
15 Oct 2020 Equity rally stalls as caution returns
15 Oct 2020 Asteron (and Suncorp) appoints new boss
15 Oct 2020 Tough conditions for the self-employed
15 Oct 2020 COMMENT: Property investment tax advantages
15 Oct 2020 [FSC Conference] We need to talk about retirement; National MP calls for compulsory super
15 Oct 2020 Full licence provisions to be released by mid-November
14 Oct 2020 Mainfreight leads shares higher
14 Oct 2020 Tough conditions for self-employed borrowers
14 Oct 2020 New board members announced at Financial Advice NZ
14 Oct 2020 What do clients think of their advisers?; Why house prices will keep rising
14 Oct 2020 Market correction? Don’t hold your breath.
14 Oct 2020 South Canterbury Finance final rites
14 Oct 2020 Trusted Adviser mark finally launched
14 Oct 2020 [FSC Conference] Robertson v Goldsmith; Fixing income protection; RBNZ update
14 Oct 2020 What do clients think of mortgage advisers?
13 Oct 2020 NZ shares rise for tenth session
13 Oct 2020 CPA announce finalists for Integrated Reporting Awards
13 Oct 2020 Sales, prices skyrocket in defiant market
13 Oct 2020 Income protection: Lessons from over the ditch
13 Oct 2020 Why Heartland launched a sub 2% rate — the lowest ever in NZ
13 Oct 2020 FMT hires new BDM
13 Oct 2020 InvestNow launch KiwiSaver scheme
13 Oct 2020 Licensing insurance for financial advisers
12 Oct 2020 Contact leads shares higher
12 Oct 2020 Q&A: Why Heartland launched a sub-2% rate
12 Oct 2020 Heartland launches market-leading 1.99% mortgage
12 Oct 2020 [GRTV] Financial advice transformed my life: Shanks
12 Oct 2020 [GRTV] The winners and losers from Covid-19
12 Oct 2020 [GRTV] Depressing imbalances in IP market: Hutchinson
12 Oct 2020 Investment in Auckland’s CBD will survive
12 Oct 2020 Concerns over NZFSG-Kepa deal; SBS Bank rate cuts
12 Oct 2020 Concerns over NZFSG-Kepa deal
10 Oct 2020 [GRTV] Financial advice transformed my life: Shanks
09 Oct 2020 Hot property market drives shares higher
09 Oct 2020 Wealthpoint creates new head of investments role
09 Oct 2020 Changes at Avanti
09 Oct 2020 Are banks more flexible on high LVR?; Four ways low rates have boosted the market
09 Oct 2020 Four ways low rates have boosted the market
09 Oct 2020 COMMENT: Accessing commercial property assets
09 Oct 2020 Super Fund gains through carbon reduction
08 Oct 2020 NZ shares surge as Trump puts stimulus back on table
08 Oct 2020 Are banks treating high LVR customers any differently?
08 Oct 2020 No sign of investor exodus
08 Oct 2020 Heretaunga Building Society rate cuts
08 Oct 2020 KiwiSaver supermarkets – real competition for corner dairy schemes
08 Oct 2020 Milestone offers ‘Investment Development Day’ for IFA advisers
07 Oct 2020 Kiwi falls as Trump spikes stimulus deal
07 Oct 2020 Hunters v gathers in the new world
07 Oct 2020 Mike Pero hires in Auckland and Christchurch; Are returning Kiwis driving market?
07 Oct 2020 Mike Pero Mortgages bolsters Auckland and Christchurch teams
07 Oct 2020 FMA tells online investors to do their homework
06 Oct 2020 Travel stocks lead stock market higher
06 Oct 2020 Are returning Kiwis really a market driver?
06 Oct 2020 Small business boost; National plans landlord changes
06 Oct 2020 [GRTV] The winners and losers from Covid-19
06 Oct 2020 The power of social media
05 Oct 2020 NZ shares rise with Aussie market
05 Oct 2020 Tenancy reforms, tax changes would go under National
05 Oct 2020 Small business loan boost
05 Oct 2020 Cigna Life appoint new GM of distribution
05 Oct 2020 Big damage pay-out awarded to landlord
05 Oct 2020 Frustration over home loan processing
05 Oct 2020 Frustration over home loan processing
04 Oct 2020 Tender for default KiwiSaver funds finally arrives
02 Oct 2020 Shares edge higher as Aussie border opens
02 Oct 2020 Labour plans to regulate property managers
02 Oct 2020 AIA rolls out new claims management service
02 Oct 2020 Booming sales in the Super City
02 Oct 2020 Mortgage Express hires ex-Kiwibank AFA
02 Oct 2020 Why Kepa and NZFSG merged; Mortgage Express hire from Kiwibank
02 Oct 2020 COMMENT: The true cost to build a house
02 Oct 2020 FMA KiwiSaver report: Contributions, fund-switching and fees
01 Oct 2020 Healthcare stocks lead market higher
01 Oct 2020 Fidelity Life to stop upfront commission on inflation increases
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