GoodReturns
Archive - 2008
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August 2008
20 Aug 2008 Home loan report: Tweaking continues
20 Aug 2008 Strategic has loss of $15.5m on bad debts
20 Aug 2008 Employers backing away from super aid, study finds
20 Aug 2008 Property Development & Investment 2008
20 Aug 2008 Housing market optimism picks up
20 Aug 2008 Grosvenor takes icing off fund
20 Aug 2008 Opinion: The advantages of being second class
19 Aug 2008 PIS Annual Conference
19 Aug 2008 Adviser groups come together as one
18 Aug 2008 Clean Tech Investment Symposium
18 Aug 2008 New CIO at BT
18 Aug 2008 Banks may be softening anti-broker stance
18 Aug 2008 News Round Up
15 Aug 2008 Yvonne Davie to head up research house
15 Aug 2008 You make up your mind what is happening
15 Aug 2008 Weekly Wrap: Industry transmogrification
15 Aug 2008 No upturn ahead
15 Aug 2008 Allco Hit, Strategic bidders reach preliminary agreement
15 Aug 2008 Research: Stepped vs level – there's more than one right answer
15 Aug 2008 Broadbase narrows to three
15 Aug 2008 Economists unanimous on rate cut
14 Aug 2008 ASFONZ Education – Advanced Investing
14 Aug 2008 More cuts need to lift confidence: Macquarie
14 Aug 2008 Home loan report: On the home straight for cuts?
14 Aug 2008 Home loan report: On the home straight for cuts?
13 Aug 2008 Mortgage brokers start selling KiwiSaver
13 Aug 2008 Breakfast with the Economists 2008
13 Aug 2008 ASFONZ Education – Best Practice Governance
13 Aug 2008 Govt supports Commissioner of Financial Advisers
13 Aug 2008 Fundit focuses on brokers
13 Aug 2008 ING complaints queuing up at Banking Ombudsman
12 Aug 2008 ISO overhaul urged in five-year review
12 Aug 2008 Property market recovers in July: REINZ
12 Aug 2008 Residential Highlights – July 2008
12 Aug 2008 Breakfast with the Economists 2008
12 Aug 2008 ASFONZ Education – Introduction to Investing
12 Aug 2008 Advisory groups growing
12 Aug 2008 Book: A Greener House
11 Aug 2008 ASFONZ Education – Introduction to Trusteeship
11 Aug 2008 What's happening to house prices in your region?
11 Aug 2008 Property values continue to decline: QV
10 Aug 2008 Mortgage brokers likely to escape tougher regulation
10 Aug 2008 News Round Up
08 Aug 2008 KNOCKOUT: Creating coupons from equities
08 Aug 2008 Should the rules around property change?
08 Aug 2008 St Laurence Roadshow 2008
08 Aug 2008 Luke warm response to new proposal
07 Aug 2008 Strategic suspends redemptions
07 Aug 2008 Finance firm failures claim new victim: Axis quits ratings
07 Aug 2008 Change of plans but are we there yet?
07 Aug 2008 Market Review: August 2008 Commentary
07 Aug 2008 A partial recovery ahead?
07 Aug 2008 AXA insurance sales up 15%
07 Aug 2008 St Laurence Roadshow 2008
07 Aug 2008 More tiers for advisers as committee redefines bill
07 Aug 2008 Select Committee second report
07 Aug 2008 Brook directors step down
07 Aug 2008 Home loan report: Fragile market
07 Aug 2008 Tranzact recruits one more for the advice roundtable
07 Aug 2008 The NZ Mortgage Mag – Up for grabs
06 Aug 2008 Home loan report: Fragile market
06 Aug 2008 Auckland house prices fell in July
06 Aug 2008 St Laurence Roadshow 2008
06 Aug 2008 Opinion: Did your first love scar you for life?
06 Aug 2008 Accuro appoints former AXA manager as CEO
06 Aug 2008 Lost Aussie super could add $5bn to KiwiSaver
05 Aug 2008 St Laurence Roadshow 2008
05 Aug 2008 St Laurence Roadshow 2008
05 Aug 2008 Book: Forecasting for Real Estate Wealth
04 Aug 2008 Tower's Blue Box sent packing
04 Aug 2008 Hanover updates advisers on progress
04 Aug 2008 AXA halts wholesale withdrawals from $229m MBS fund
04 Aug 2008 AXA halts wholesale withdrawals from $229m MBS fund
04 Aug 2008 New adviser at Westpac
04 Aug 2008 St Laurence Roadshow 2008
04 Aug 2008 Sales climbed, prices slipped
04 Aug 2008 August issue - available now
04 Aug 2008 News Round Up
04 Aug 2008 Toolbox: Xero for property investors
01 Aug 2008 Weekly Wrap: Winter of discontent continues
01 Aug 2008 Surviving the downturn
01 Aug 2008 Agents bill heads towards law
01 Aug 2008 AMP puts property fund in the freezer
01 Aug 2008 Rising rents affecting owner occupation
01 Aug 2008 Fund flow weak
01 Aug 2008 Dyer's new circumstances at ACC
01 Aug 2008 AMP puts property fund in the freezer
July 2008
31 Jul 2008 CBS comfortably riding out recession
31 Jul 2008 ING Life pays first Herceptin claim
31 Jul 2008 Do not over-regulate advisers: Power
31 Jul 2008 Home loan report: Rate cut provides lid
30 Jul 2008 Tower appoints KiwiSaver bdm
30 Jul 2008 Bollard defends inflation targeting as economy shrinks
30 Jul 2008 Rate cut provides lid
30 Jul 2008 Women in Super industry mid-winter lunch
30 Jul 2008 New website a one stop shop or waste of time?
30 Jul 2008 ANZ National bad loans rise, but book strong
30 Jul 2008 Gould closes deal on Vestar's better half
29 Jul 2008 Trustee closes mortgage fund
29 Jul 2008 We've seen it all before...but it still hurts
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.
7 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.
9 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