GoodReturns
Archive - 2022
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October 2022
12 Oct 2022 Further mortgage rises announced
11 Oct 2022 Markets waiting for slew of US economic data
11 Oct 2022 Economists - Households awaiting interest shock in the anti-inflation front line
11 Oct 2022 Booster hires from Public Trust
11 Oct 2022 Coast the toast of the regions
11 Oct 2022 Households awaiting interest shock in the anti-inflation front line – economists
10 Oct 2022 US jobs figures weigh on NZ market; Pushpay surprises
10 Oct 2022 Not rushing to pass on OCR increases
10 Oct 2022 Modern slavery still a 21st-century reality
10 Oct 2022 Life insurers urged to prepare for climate change
10 Oct 2022 Banks not rushing to pass on OCR increases
10 Oct 2022 Magellan sees more outflows; cops a downgrade and senior manager sells up
09 Oct 2022 Kernel grows its team
07 Oct 2022 Shares fall as global investors wait for US jobs data
06 Oct 2022 Interest rates still talk of the town on NZ's market
06 Oct 2022 New Governance role at Newpark
06 Oct 2022 What economists think about yesterday's OCR rise
06 Oct 2022 Market adjusts to economic conditions
06 Oct 2022 OCR rise makes economist ’wary’
06 Oct 2022 The sad saga of AMP Capital continues
05 Oct 2022 RBNZ goes with the flow with 50bp hike
05 Oct 2022 Former Liberty BDM joins Prospa
05 Oct 2022 OCR up another 50 points; Liberty BDM moves on
05 Oct 2022 RBNZ goes again: Why the bank increased rates
05 Oct 2022 Minister defends spending record in high inflationary era
05 Oct 2022 One of worst times for fall in house values
05 Oct 2022 Office expectations higher for hybrid workers
05 Oct 2022 World Financial Planning Day
05 Oct 2022 World Financial Planning Day
05 Oct 2022 Home loan lending volumes remain soft
04 Oct 2022 Reserve Bank of Australia hikes by 25 basis points
04 Oct 2022 Cost of living pressures “chilling”
04 Oct 2022 Building a recommendation – remember to substantiate your data assumptions
04 Oct 2022 KiwiSaver 2022: higher fees, lower investment returns
04 Oct 2022 Cost of living pressures “chilling” - report
04 Oct 2022 Latest licensing numbers show advice industry shrinking
04 Oct 2022 Pie Funds get new head chef
03 Oct 2022 NZ's market zeros in on interest rates
03 Oct 2022 Empty home owners not willing to become landlords
03 Oct 2022 Building consents flatten, prices rise but construction carries on
03 Oct 2022 Experts united over interest rate gloom
03 Oct 2022 Stewart Investors Disclaimer
03 Oct 2022 A lab experiment moves to next phase
03 Oct 2022 Dust-up looming over FMA’s value-for-money initiative
02 Oct 2022 Experts united over interest rate gloom
01 Oct 2022 Partners Life finally snares BNZ
September 2022
30 Sep 2022 Currency volatility drives NZ market down
30 Sep 2022 Move beyond trust to inspiration-Matt Church
30 Sep 2022 Advisers told to move beyond trust to inspiration
30 Sep 2022 AIA fined $700,000 for misleading customers
30 Sep 2022 No turning the corner on house prices
30 Sep 2022 Fund managers choose ethical companies to invest in - conference
29 Sep 2022 Export stocks help pull NZ market up
29 Sep 2022 Kiwibank also raises interest rates
29 Sep 2022 BNZ raises mortgage rates
29 Sep 2022 BNZ raises rates
29 Sep 2022 MBIE reveals the likely cost of a COFI licence
29 Sep 2022 Responsible investment advanced with new Stewardship Code
28 Sep 2022 Latest actuary scholarship awarded
28 Sep 2022 Property stocks pull market lower
28 Sep 2022 Petition starts for KiwiSaver sharing
28 Sep 2022 Tough times reverberate through the mortgage industry
28 Sep 2022 Listings lift more than 70%
28 Sep 2022 Tough times reverberate through mortgage industry
28 Sep 2022 What does retirement look like?
27 Sep 2022 NZ’s market falls almost 2% on global currency volatility
27 Sep 2022 Property managers flout privacy rules
27 Sep 2022 A new loan option for property investors
27 Sep 2022 Sustainability about people and enterprises, not metrics
27 Sep 2022 What KiwiSaver might look like in 2050
27 Sep 2022 Russell gets the boot for Smartshares
26 Sep 2022 New loan option for property investors
26 Sep 2022 Technology planning and development map – updated for advisers
23 Sep 2022 NZ’s market holds up against global headwinds
23 Sep 2022 No gain without pain
23 Sep 2022 Bank deposits guarantee bill goes to parliament
23 Sep 2022 Rent rises could contribute to more inflation
23 Sep 2022 An “Age of Confusion” dawns for investors
23 Sep 2022 Suncorp accelerates plans to net-zero
22 Sep 2022 NZ dollar hits pandemic lows
22 Sep 2022 Interest rates jump as Fed battles inflation
22 Sep 2022 New product boss at Avanti
22 Sep 2022 US Interest rates jump
22 Sep 2022 Investors' confidence maybe misplaced
22 Sep 2022 Gongs handed out to top industry players
21 Sep 2022 Air NZ shares take flight
21 Sep 2022 Federal Reserve to raise rate – Kiwi braces for impact
21 Sep 2022 Mortgage Express appoints sales manager
21 Sep 2022 ANZ makes home loan rates changes
21 Sep 2022 Five warning signs your property manager is underperforming
21 Sep 2022 War against inflation is part won - expert
21 Sep 2022 Profits high in banking sector but challenges ahead – KPMG
20 Sep 2022 ANZ makes increases to home loan rates
20 Sep 2022 NZ dollar hits 28-month low
20 Sep 2022 Drug growing operation leaves landlord with massive costs
20 Sep 2022 Good tenants hard to find
20 Sep 2022 Wellington area business wins trans-Tasman award
20 Sep 2022 Reserve Bank says climate change programme is vital
20 Sep 2022 No premium increase promise
19 Sep 2022 NZ market waits for Fed decision
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