GoodReturns
Archive - 2017
Year:
2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Filter:
Clear Filter
September 2017
06 Sep 2017 $5.4m Ponzi admitted
06 Sep 2017 Ex BNZ worker admits mortgage fraud
06 Sep 2017 Caution leads to fall in listings
06 Sep 2017 Warning for would-be providers
06 Sep 2017 Sovereign launches ACC add-on
05 Sep 2017 Public Trust axes term deposits
05 Sep 2017 Cameron Marcroft talks about becoming a top adviser
05 Sep 2017 Subdued signs of life
05 Sep 2017 Goals-based investing: a different way of thinking
05 Sep 2017 Advice key part of KiwiSaver success: ANZ
04 Sep 2017 RMA by-pass to encourage development
04 Sep 2017 Tribunal refund decision anti-landlord
04 Sep 2017 MPM takes former franchisee to court
04 Sep 2017 New norm for two-year Specials
04 Sep 2017 Labour plans could force out landlords
04 Sep 2017 Meth cover demystified
03 Sep 2017 Big cake for small market share
03 Sep 2017 Asteron starts review after fraud
03 Sep 2017 Consilium offers philanthropic solution
01 Sep 2017 Court win in Auckland leaky home suit
01 Sep 2017 Resignation at Heathcote
01 Sep 2017 Kiwibank's IT work-in-progress proves costly
01 Sep 2017 Getting to Know: Dean Anderson
01 Sep 2017 ASB narrows gap between carded and Special rates
01 Sep 2017 Values fall as investors leave market
01 Sep 2017 Trustee company turns to private equity
01 Sep 2017 Hobson Wealth expands
01 Sep 2017 FMA: No regrets about $1.7m bill
August 2017
31 Aug 2017 New chance to join leaky building lawsuit
31 Aug 2017 Be careful what you ask for
31 Aug 2017 Roll out renters’ education course - NZPIF
30 Aug 2017 Fund Source surprises with awards
30 Aug 2017 Slowdown in value growth spreading
30 Aug 2017 Avanti's new business reaches out to SMEs
30 Aug 2017 LVRs still needed - RBNZ
30 Aug 2017 Falling consents mean shortage not addressed
30 Aug 2017 Boost for fixed interest fund
30 Aug 2017 Insurance pain for landlords ahead
30 Aug 2017 KiwiSaver members don't understand MTC
30 Aug 2017 FMA outlines plans - has eyes on advisers
29 Aug 2017 Council urged to pause on making WOF compulsory
29 Aug 2017 FMA wins settlement for finance company investors
29 Aug 2017 Rents rise in Wellington - & Christchurch
29 Aug 2017 Under-active RFAs may drop out
28 Aug 2017 Quantitative investment styles, and when they perform
28 Aug 2017 Nagging and the definition of ‘financial advice’
28 Aug 2017 Two-year cut labelled pre-Election Special
28 Aug 2017 Affordability growing in West Auckland
28 Aug 2017 Sharesies ponders advice offer
28 Aug 2017 AIA expands cancer benefit reach
27 Aug 2017 Trade Me: We still back LifeDirect
25 Aug 2017 Commission files Harmoney proceedings
25 Aug 2017 Softer market better time to buy
25 Aug 2017 Getting to Know: Reagan Bax
25 Aug 2017 Adviser wants 'gold standard' for industry
25 Aug 2017 Newpark considers being a licensed dealer group
25 Aug 2017 Investor lending exodus
25 Aug 2017 House price expectations plummet
24 Aug 2017 NZX's Apertyx yet to take full flight
24 Aug 2017 Newpark stacks its board with well-known people
24 Aug 2017 Human rights body slams tenant damage changes
23 Aug 2017 No fine for QROPS adviser who breached code
23 Aug 2017 Expect negative impact from regulation overload
23 Aug 2017 Remarkable adds and subtracts managers
23 Aug 2017 Industry demands details
23 Aug 2017 OnePath sale may be getting close
22 Aug 2017 Bank boss resigns
22 Aug 2017 Bank boss resigns
22 Aug 2017 Where to for LVRs?
22 Aug 2017 Year-on-year price growth still strong
22 Aug 2017 nib grows market share and distribution
22 Aug 2017 Chaotic election not necessarily bad news for investors
22 Aug 2017 Documents shorter but still dense
21 Aug 2017 Perpetual Guardian appoints from Sovereign
21 Aug 2017 Barramundi skinned in market
21 Aug 2017 LVRs are not going anywhere
21 Aug 2017 The housing market driver that’s not going away
21 Aug 2017 One four year fall
21 Aug 2017 The global economy: weak household incomes constrain outlook
21 Aug 2017 Taking care of business
21 Aug 2017 Devon grabs high profile CIO from bank
21 Aug 2017 Managers issue risk warning
20 Aug 2017 Strategi launches KiwiSaver course
20 Aug 2017 Mercer makes board appointment
18 Aug 2017 Politicians due to speak at conference
18 Aug 2017 No end in sight for LVRs
18 Aug 2017 Getting to Know: Peter Neilson
18 Aug 2017 One little change
18 Aug 2017 Solid result from AMP
18 Aug 2017 Good start with KiwiSaver, but growth yet to come
18 Aug 2017 Pro-bono work recognised
17 Aug 2017 Former Navy captain to steer Newpark into the future
17 Aug 2017 NZPIF opposes Wellington rental WOF
17 Aug 2017 Court sides with i-Select
17 Aug 2017 Suddenly two-year rates get interesting
17 Aug 2017 Clients might need a bonds brush-up
16 Aug 2017 Health insurance claims double in a decade
16 Aug 2017 Affordability better for renters
16 Aug 2017 DTIs dead in the water; Co-op Bank lowers rates
16 Aug 2017 DTI cull good news for property investors
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.
10 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.
13 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".
2 days ago Paul Flood