GoodReturns
Archive - 2010
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 2010
06 Sep 2010 Govt wants SCF sold as going-concern
06 Sep 2010 PAA National PI Roadshow
06 Sep 2010 PAA National PI Roadshow
06 Sep 2010 ANZ shaving
06 Sep 2010 Fidelity Life appoints business development manager
06 Sep 2010 Money Managers closes to make way for new firms
03 Sep 2010 Banking Ombudsman Scheme obtains Ministerial approval
03 Sep 2010 Perpetual’s adviser force is expanding
03 Sep 2010 Choice declining for buyers
03 Sep 2010 Pyne Gould's Perpetual unit in talks to buy Aegis WRAP platform
03 Sep 2010 Head of Perpetual Trust steps down
03 Sep 2010 ASB lenders drop rates
02 Sep 2010 Liquidiator mum on Five Star funding commitments
02 Sep 2010 SBS takes margin hit to keep mortgage rates down
02 Sep 2010 Draft Code sent to Simon Power for approval
02 Sep 2010 SCF’s long history blurred in an instant
02 Sep 2010 Strategic book value deficit at $195.5m
02 Sep 2010 Pause in the OCR expected till March 2011
02 Sep 2010 Shifting to level premium policies not always right
02 Sep 2010 Insider Paul Brock to replace Knowles at Kiwibank
02 Sep 2010 Fund managers should be accountable to a regulator: Mayhew
01 Sep 2010 HBS members give SBS merger thumbs up
01 Sep 2010 Showcase Auckland hotel Westin Lighter Quay in chaos
August 2010
31 Aug 2010 SCF not as big a favourite among advisers as it used to be
31 Aug 2010 SCF's long history blurred in an instant
31 Aug 2010 Keep South Canterbury in perspective: NZIER chief economist
31 Aug 2010 Rates Round Up
31 Aug 2010 Scales unaffected by SCF receivership
31 Aug 2010 SCF process will take up to five years: English
31 Aug 2010 NZIER: Pause in OCR till March 2011
31 Aug 2010 South Canterbury needed up to $300 mill to survive: Maier
31 Aug 2010 South Canterbury bond speculators reap fat reward as finance firm fail
31 Aug 2010 Govt moves swiftly to repay all South Canterbury depositors
31 Aug 2010 South Canterbury receivership, triggers $1.6 bill Crown payment
31 Aug 2010 Sandy Maier's comments on South Canterbury receivership
31 Aug 2010 South Canterbury calls in receivers
31 Aug 2010 NZ dollar falls as deadline arrives for South Canterbury Finance
31 Aug 2010 FNZC Bond Fund adds experienced resource
31 Aug 2010 South Canterbury calls in receivers
31 Aug 2010 Labour wants to create more savings products
31 Aug 2010 Update from Banking Ombudsman Deborah Battell
31 Aug 2010 Housing consents fall
30 Aug 2010 Key rejects claim govt to blame for SCF’s woes
30 Aug 2010 OCR expectations knocked back
30 Aug 2010 ASB Securities appoints managing principal
30 Aug 2010 Insurance law promotes efficiency
30 Aug 2010 News Round Up
30 Aug 2010 Three bidders now vying for South Canterbury Finance
29 Aug 2010 ANZ mortgage market share dips
29 Aug 2010 Economist pushes out dates for next OCR hikes
28 Aug 2010 Govt won't help SC Finance Hubbard says
27 Aug 2010 Signs property market is warming
27 Aug 2010 What is the Savings Work Group really for?
27 Aug 2010 Hubbard funds over valued by 25%: Report
27 Aug 2010 Adviser services need to be defined
27 Aug 2010 Property investors need be careful with family trusts
26 Aug 2010 Marac will pounce when rivals collapse
26 Aug 2010 Former Goldman Sachs boys take over chairs at Foundry Asset Management
26 Aug 2010 Workplace Savings NZ 2010 Conference
26 Aug 2010 Fourteen percent of Marac's deposits not guaranteed
26 Aug 2010 Former Five Star Finance directors could face 7 years in SFO charges
26 Aug 2010 Many advisers postponing study
26 Aug 2010 Review may give investors some depreciation relief
25 Aug 2010 ASB enters home equity release market
25 Aug 2010 Mortgage Link appoints replacement for Butler
25 Aug 2010 Kiwis want to see own backyard before kicking the bucket
25 Aug 2010 SCF doubts it will meet NBDT requirements
25 Aug 2010 Inflation-indexed tax on savings should work in theory: English
24 Aug 2010 Dorchester raises $10.3m for growth
24 Aug 2010 Heartland bank to pitch to shareholders in November
24 Aug 2010 Savings Working Group members announced
24 Aug 2010 S&P finally delivers some good news
24 Aug 2010 Spread it around
24 Aug 2010 Equitable says downgrade has no impact
24 Aug 2010 Fixed rates step into spotlight
24 Aug 2010 Tower launches cover for non-Pharmac funded cancer drugs
24 Aug 2010 TSB lifts mortgage market share but profit drops
24 Aug 2010 Adviser regulation blows the budget
23 Aug 2010 Loughlin relinquishes Allied Farmers chair
23 Aug 2010 RBNZ managing inflation expectations
23 Aug 2010 Macquarie appoints three investment advisers
23 Aug 2010 Wrightson spurns long-term guaranteed deposits
23 Aug 2010 Another NZ fund manager joins the billion dollar club
22 Aug 2010 BNZ stepped up mortgage lending in June quarter
20 Aug 2010 South Canterbury rating cut to CC
20 Aug 2010 Allied Nationwide crumbles into receivers' arms
20 Aug 2010 Revised Code back in the Commissioner's hands
20 Aug 2010 Rates are rising - but it's not that bad
20 Aug 2010 AIA: The business of risk
20 Aug 2010 Q&A: Sam Stubbs on the 'New Normal'
20 Aug 2010 Time is of the essence
20 Aug 2010 Westpac grabs 44% of all new home loans
20 Aug 2010 Diversified adds to team
20 Aug 2010 Rates rising but are still low
20 Aug 2010 More two year rate cuts
20 Aug 2010 Associations tell Govt to hurry up on fix ups
20 Aug 2010 Latest immigration numbers good for housing market
19 Aug 2010 Investors continue to shun Allied over trust deed breach
19 Aug 2010 Pre-tax change push to sell life policies helps AMP
19 Aug 2010 FSCL free information seminars
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