GoodReturns
Archive - 2006
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August 2006
25 Aug 2006 Government moves to make KiwiSaver more palatable
25 Aug 2006 Finance company disclosure improving
24 Aug 2006 Tower names NZ ceo
24 Aug 2006 What's going on with all the delays
24 Aug 2006 Government moves to make KiwiSaver more palatable
24 Aug 2006 Pushing mortgages to the limit
23 Aug 2006 propertyfinance securities appointments
23 Aug 2006 Rapid Ratings returns
23 Aug 2006 Rapid Ratings returns
23 Aug 2006 Simes $70 million property portfolio on market
22 Aug 2006 KiwiSaver report addresses financial advice
22 Aug 2006 Look to lock in rates
22 Aug 2006 KiwiSaver report addresses financial advice
22 Aug 2006 Virtual real estate captures new generation of property buyers
22 Aug 2006 Property Council accuses local bodies of unconstitutional scams
21 Aug 2006 News Round Up
21 Aug 2006 St Laurence makes major restructure
21 Aug 2006 Coming Soon! An Insider's Guide to Real Estate Hot Spots
21 Aug 2006 Look to lock in rates
20 Aug 2006 Affordability study findings due this week
20 Aug 2006 Councils offer homeowners free eco-design advice
18 Aug 2006 Sovereign records growth in life business
18 Aug 2006 Deposit rates news briefs
18 Aug 2006 Ngai Tahu's iwi saver scheme starts
18 Aug 2006 Life insurance included in tax review
17 Aug 2006 PIS professional development day
17 Aug 2006 Hanover appoints new CEO
17 Aug 2006 Advisers ask for raincheck on regulation
16 Aug 2006 PIS professional development day
16 Aug 2006 A warning, a brickbat and some free advice
16 Aug 2006 Investors will pay more tax under proposal: Newton
16 Aug 2006 A less aggressive approach to lending
15 Aug 2006 PIS professional development day
15 Aug 2006 A warning, a brickbat and some free advice
14 Aug 2006 Finance companies – Does risk equal return?
14 Aug 2006 PIS professional development day
14 Aug 2006 Welcome home loan scheme extended
14 Aug 2006 News Round Up
14 Aug 2006 Top analyst joins Fisher Funds
11 Aug 2006 ASSET Magazine - August
11 Aug 2006 PIS professional development day
11 Aug 2006 Poll shows people don't like tax changes
10 Aug 2006 PIS professional development day
10 Aug 2006 FNZC earns over $100m for UK wrap
10 Aug 2006 Impact of removal of trail commissions 3yrs away
10 Aug 2006 REINZ slams Damage Insurance Bill
10 Aug 2006 Greens propose capital gains tax
10 Aug 2006 Pre-purchase house inspections substandard
10 Aug 2006 Property cycle indicator reveals market downturn
09 Aug 2006 Policyholders don't know what they are covered for
09 Aug 2006 ‘Let’s Talk KiwiSaver’ – Inland Revenue August forum
09 Aug 2006 Who gets the Tower jobs
08 Aug 2006 Some pain needed to get savings going
08 Aug 2006 Rates start easing
08 Aug 2006 AXA group ceo steps down
07 Aug 2006 Finance company rates about right
07 Aug 2006 News Round Up
07 Aug 2006 Rates start easing
06 Aug 2006 GE Money looks to do more broker business
06 Aug 2006 Bad name not deserved
04 Aug 2006 Deposit rate news briefs
04 Aug 2006 Govt reconsiders tax on life insurance
04 Aug 2006 Equitable's new SI BDM
04 Aug 2006 Review release dates put back
03 Aug 2006 NZX SciTech Index Seminar
03 Aug 2006 A bold prediction
03 Aug 2006 Mountain of submissions on tax bill
03 Aug 2006 Govt admits it's seriously looked at compulsory super
02 Aug 2006 AMP Capital's new head of strategy announced
02 Aug 2006 Market review: At the crossroads
02 Aug 2006 Welcome mat for home buyers to be extended
02 Aug 2006 New set of tax issues raised
01 Aug 2006 Macquarie looks for diversity with Commodity Bonds
01 Aug 2006 NZX SciTech Index Seminar
01 Aug 2006 Finance company rates about right
01 Aug 2006 Treasury releases housing investment survey
01 Aug 2006 Dunedin commercial property takeover
July 2006
31 Jul 2006 Solid metal fixed interest alternative
31 Jul 2006 Managed funds have first positive quarter in years
31 Jul 2006 News Round Up
31 Jul 2006 NZMBA president expands his business
28 Jul 2006 AIA slashes term life rates
28 Jul 2006 Interesting reaction to departure
28 Jul 2006 Northplan moves into the South Island
27 Jul 2006 Health insurance coverage rises, claims paid jump
27 Jul 2006 OCR announcement
27 Jul 2006 Bollard leaves rates unchanged
27 Jul 2006 No change to OCR
27 Jul 2006 Thomas unexpectedly quits ING
27 Jul 2006 Property investors trump NBR rich list 2006
27 Jul 2006 New record high for Wellington CBD
27 Jul 2006 New study calls for more property developers and managers
27 Jul 2006 New trans-Tasman alliance for property institutes
26 Jul 2006 What insurance advisers should be asking for
26 Jul 2006 June quarter returns poor but don't panic
26 Jul 2006 Travaglia joins MFS
25 Jul 2006 Deposit rates news briefs
25 Jul 2006 Fundamental change at NZX
24 Jul 2006 New Bluestone boss
24 Jul 2006 Solid metal fixed interest alternative
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.
1 day 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.
1 day 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.
3 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…
3 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