GoodReturns
Archive - 2009
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September 2009
14 Sep 2009 Business Bakery’s Baker boards board
14 Sep 2009 Rumours of a renewed housing bubble greatly exaggerated
14 Sep 2009 Westpac chops home loan interest rates
14 Sep 2009 House prices edging higher: REINZ
14 Sep 2009 REINZ residential highlights - August 2009
14 Sep 2009 Insulation the next leaky fiasco?
14 Sep 2009 News Round Up
14 Sep 2009 ASB's profit and mortgage book grow
11 Sep 2009 Pyne Gould prepares to be a bank
11 Sep 2009 Go pick on someone your own size
11 Sep 2009 In support of advisers
11 Sep 2009 Advisers can't hide in QFEs
10 Sep 2009 Floating rates now a little more attractive
10 Sep 2009 Bank deposit costs soar above wholesale funding, RBNZ says
10 Sep 2009 Sweet comfort for now
10 Sep 2009 ASB's interest rate strategy
10 Sep 2009 Bollard keeps rates unchanged and softens easing bias
10 Sep 2009 Interest rates forecast to stay low
10 Sep 2009 OCR unchanged at 2.5%
10 Sep 2009 Ditch disclosure: Crossan
10 Sep 2009 Gold still a safe bet
10 Sep 2009 Reserve Bank talks down prospect of another housing boom
09 Sep 2009 TSB has lowest six month rate
09 Sep 2009 Ballantyne considers joining dealer group
09 Sep 2009 Extended deposit guarantee scheme law passed
09 Sep 2009 Another credit union gets S&P rating
09 Sep 2009 Huljich sacks KiwiSaver advisers
09 Sep 2009 Diplock defends commission over fin coy failures
09 Sep 2009 Investing made easy: Building solid foundations
08 Sep 2009 Sovereign claims top place in survey
08 Sep 2009 Finance company enquiry not about redress: Dalziel
08 Sep 2009 Home-building lags to eight-year low
08 Sep 2009 Market Review: September 2009 Commentary
08 Sep 2009 Market Review: September 2009 London Commentary
08 Sep 2009 Life insurance caught up in anti-money laundering cycle
08 Sep 2009 Migration continues to be big plus for housing market
07 Sep 2009 ASB continues its argument for rate cut
07 Sep 2009 Dorchester's four steps to survival
07 Sep 2009 Rates Round Up
07 Sep 2009 New chair for ISO
07 Sep 2009 QV residential highlights – August 2009
07 Sep 2009 News round-up
07 Sep 2009 Property values returning to 2008 levels
06 Sep 2009 Differing views on what Bollard say about the OCR this week
04 Sep 2009 Beware the Kiwisaver Bon Brush man
04 Sep 2009 ASB takes floating rate to historical low
04 Sep 2009 More house price rises predicted
04 Sep 2009 KiwiSaver selling practices investigated
03 Sep 2009 Coin toss on rates: Alexander
03 Sep 2009 SBS Bank profits, mortgage book grows
03 Sep 2009 Hills and Valleys of rates
03 Sep 2009 Who should you listen to?
03 Sep 2009 Regulation - Panacea of protection?
03 Sep 2009 Spring adds bounce to Auckland housing market
03 Sep 2009 QFEs to get super powers
03 Sep 2009 ANZ House Price Index
02 Sep 2009 Huljich does another KiwiSaver deal
02 Sep 2009 Bank account ‘for life' suggested
02 Sep 2009 QFE rules will tie up insurance advisers
02 Sep 2009 St Laurence exits Dorchester
01 Sep 2009 Frozen ING funds cost ANZ National more than expected
01 Sep 2009 Frozen ING funds cost ANZ National more than expected
01 Sep 2009 Marac still has bank aspirations
01 Sep 2009 BNZ makes loss on tax case; mortgage book grows strongly
01 Sep 2009 Craig Ansley back at Russell
01 Sep 2009 ANZ bad loan charges soar; underlying profit rises
August 2009
31 Aug 2009 Chance of rate cut falls on back of survey
31 Aug 2009 Bank discovers investment advice fraud
31 Aug 2009 The Blog is back: So too fin coys
31 Aug 2009 Commercial property plummeting
31 Aug 2009 News round-up
30 Aug 2009 Rates Round Up
30 Aug 2009 Westpac's profit plummets
28 Aug 2009 Pyne Gould, South Canterbury, 'proud southerners,' post losses
28 Aug 2009 NZ building consents rebound in July
28 Aug 2009 Fat Margin
28 Aug 2009 New shareholders at Liontamer
28 Aug 2009 Investment statements need to be ‘relevant’, Power says
27 Aug 2009 S&P gives first building society rating
27 Aug 2009 Women in Super 'After Five' Function
27 Aug 2009 Financial and Investment Advisers Summit
27 Aug 2009 ASFONZ & Women in Super Auckland Industry Breakfast
27 Aug 2009 Opinion: The power of free
27 Aug 2009 Companies slapped with fine over property scheme
26 Aug 2009 Asteron appoints new National Manager, Group Relations
26 Aug 2009 5th Annual Securities Law Update
26 Aug 2009 ASFONZ Education – Introduction to Workplace Savings
26 Aug 2009 ASFONZ & Women in Super Wellington Industry Breakfast
26 Aug 2009 Power to tweak financial advisers and service providers acts
26 Aug 2009 Financial crisis will be different for emerging markets this time
25 Aug 2009 NZF looks to insurance to diversify business
25 Aug 2009 West joins FNZ
25 Aug 2009 Deposit guarantee scheme extended
25 Aug 2009 ASFONZ Education – Introduction to Workplace Savings
25 Aug 2009 Recession no deterrent to KiwiSaver
25 Aug 2009 Wholesale interest rates fall
25 Aug 2009 General Finance improves quality of its loan book
24 Aug 2009 Recession no deterrent to KiwiSaver
24 Aug 2009 St Laurence woes shouldn't spill over to Property and Finance
24 Aug 2009 More positive property news
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.
21 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.
23 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