GoodReturns
Archive - 2009
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October 2009
02 Oct 2009 Pathfinder blazes way with fee cap
02 Oct 2009 Land tax favoured by working group rather than CGT
01 Oct 2009 Benign period for rates
01 Oct 2009 SCF loss less than first announced
01 Oct 2009 Sellers' confidence leads to surge in listings
01 Oct 2009 Smith leaving NZF
01 Oct 2009 SBS and NZF up
01 Oct 2009 Couillault to establish new fund
September 2009
30 Sep 2009 Strategic Finance investors told to hope for the best
30 Sep 2009 Ballantyne boards another board
30 Sep 2009 Finsia industry update: Reserve Bank of New Zealand
30 Sep 2009 ISI reappoints two on board
30 Sep 2009 ISI scores some wins for industry over anti-money laundering laws
30 Sep 2009 Meridian’s bond issue won’t dent demand for high-grade corporate debt
30 Sep 2009 Opinion: Quick need not be dirty
30 Sep 2009 Property managers to charge letting fees
29 Sep 2009 Insurers need to improve consumer confidence
29 Sep 2009 Building approvals climb for second month
29 Sep 2009 RTA changes reach next phase
29 Sep 2009 New commissioner leaving jackboots behind
29 Sep 2009 Credit Union Auckland seeks credit rating to protect reputation
28 Sep 2009 BNZ follows suit
28 Sep 2009 Reserve Bank's OCR forecasts unlikely: ASB
28 Sep 2009 Mortgagee sales at all-time high
28 Sep 2009 Listed property stocks set to soar
28 Sep 2009 Quiet start to week
28 Sep 2009 News round-up
27 Sep 2009 Rates Round Up
25 Sep 2009 Avanti Finance gets rating from S&P
25 Sep 2009 ANZ's domination of ING no surprise
25 Sep 2009 Borrowing strategy should have been sorted last year
25 Sep 2009 ANZ to buy ING for A$1.76b
25 Sep 2009 ANZ to mop up the rest of ING
25 Sep 2009 [Weekly Wrap] ANZ about to buy ING
25 Sep 2009 Bluechip case no benchmark: Chapman Tripp
25 Sep 2009 Numbers up, but don't get too excited just yet
25 Sep 2009 Housing affordability 'fair', borrowers locking in longer mortgages
25 Sep 2009 Moratoria slow-death for finance companies rather than quick: Diplock
25 Sep 2009 The yield curve creeps up
24 Sep 2009 Long term fixed rates look unattractive
24 Sep 2009 Moratoria slow-death for finance companies rather than quick: Diplock
24 Sep 2009 Weekly: The changing face of rates
24 Sep 2009 Listed property trust sector set to soar
24 Sep 2009 Bye bye AXA
24 Sep 2009 Theme chaser fund debuts
24 Sep 2009 Banks deposits and managed funds win over fin coys
24 Sep 2009 New website listing not-for-sale properties, for sale
23 Sep 2009 Marac admits errors, and says not again
23 Sep 2009 Housing market continues positive growth
23 Sep 2009 Field tilts sharply
23 Sep 2009 Westpac steepens curve
23 Sep 2009 KiwiSaver survey: the full numbers revealed
23 Sep 2009 Commission disclosure a furphy, PAA says
22 Sep 2009 RBNZ will decide results of TD war
22 Sep 2009 Long term interest rates rise at Westpac
22 Sep 2009 Jenny Shipley joins ISI board
22 Sep 2009 Rate rise warning
22 Sep 2009 Dead KiwiSaver members get direct payment
22 Sep 2009 Blue Chip verdict highlights age-old problem
21 Sep 2009 Warning: Interest rates could rise rapidly
21 Sep 2009 Fidelity dumps ING as fixed interest manager
21 Sep 2009 SCF placed on CreditWatch negative
21 Sep 2009 New Commissioner of Financial Advisers appointed
21 Sep 2009 Macquarie adds two more to advice team
21 Sep 2009 Newpark launches new aggregation service
21 Sep 2009 News round-up
20 Sep 2009 Rates Round Up
18 Sep 2009 Time to sell good quality corporate bonds
18 Sep 2009 Some advisers amaze me
18 Sep 2009 [Weekly Wrap] Stirring the pot: tax and taskforces
18 Sep 2009 Stop the misleading talk around property
18 Sep 2009 Declaring war
18 Sep 2009 How far they have fallen
18 Sep 2009 Chote chooses AMP
18 Sep 2009 Weekly round up
18 Sep 2009 Capital gains tax to focus on equity
18 Sep 2009 Taskforce not so negative on managed funds
18 Sep 2009 Tower loses investment veteran to Todd
17 Sep 2009 Forecasting interest rates highly uncertain exercise
17 Sep 2009 BNZ claims the lowest floating home loan rate
17 Sep 2009 BNZ sets new low for floating rates
17 Sep 2009 Opinion: Can you shortlist? Can you choose?
17 Sep 2009 ASFONZ & Women in Super Auckland Industry Breakfast
17 Sep 2009 Ballantyne jumps on board with Accuro
17 Sep 2009 Cross- party consensus that regulation won’t stifle risk
17 Sep 2009 Online info most popular with property buyers
16 Sep 2009 OPI (aka MFS) finally succumbs to receiver
16 Sep 2009 South Canterbury ceases debenture allotments
16 Sep 2009 ASFONZ & Women in Super Wellington Industry Breakfast
16 Sep 2009 The National Partnership Spring Summer Series
16 Sep 2009 Adviser pays to clear charges
16 Sep 2009 'Dressed up' property deals to be caught under new regulation
15 Sep 2009 S&P checks Equitable's ratings
15 Sep 2009 New Sovereign MD announced
15 Sep 2009 PSIS launches new PIE fund
15 Sep 2009 COMBI Series6 Unlocking the potential of the world’s commodity market
15 Sep 2009 Key all but rules out property capital gains tax
15 Sep 2009 Key all but rules out property capital gains tax
15 Sep 2009 TSB's June quarter profit jumps 25.6%
14 Sep 2009 Rates Round Up
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".
3 days ago Paul Flood