GoodReturns
Archive - 2021
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September 2021
15 Sep 2021 Best ever returns for NZ Super Fund
14 Sep 2021 F&P Healthcare drags NZX50 down
14 Sep 2021 Big returns for NZ Super Fund
14 Sep 2021 Bulletproof house prices continue to climb
14 Sep 2021 OCR hike likely despite extended lockdown; New Auckland franchise owner for Mike Pero
14 Sep 2021 Key consultations to protect policyholders
14 Sep 2021 New Auckland franchise owner for Mike Pero
14 Sep 2021 ANZ appoints new head of funds management
14 Sep 2021 Cryptocurrencies: MPs hear the good, bad and ugly
13 Sep 2021 Who would have thought: Shares rise despite lockdown extension
13 Sep 2021 OCR hike likely despite lockdown: ANZ
13 Sep 2021 Cigna NZ announces two new deals
13 Sep 2021 CLSAP NZ fined for AML breaches
13 Sep 2021 QuayStreet names new Head of Global Equity
13 Sep 2021 New CEO for the FMA
13 Sep 2021 Government torpedoes fail to sink housing market
13 Sep 2021 Kiwibank and SBS rate hikes; CCCFA changes pushed back to December
13 Sep 2021 Housing affordability a long way off
13 Sep 2021 Riviera of the South shines
12 Sep 2021 Saturn brings KiwiSaver business into its orbit
12 Sep 2021 [The Wrap] Building a bigger moat around advice businesses
11 Sep 2021 Robotics and superconductor wire make it into Booster's KiwiSaver portfolios
11 Sep 2021 Select Wealth supports Women’s Refuge
10 Sep 2021 Shares down & dollar up as market predicts rate hike
10 Sep 2021 CCCFA changes delayed
10 Sep 2021 Insurance industry complaints on the rise
10 Sep 2021 Avanti raises $350m; New build buyer risks grow
10 Sep 2021 Avanti closes out biggest ever NZ securitisation
10 Sep 2021 Changes at Southern Cross Trust
10 Sep 2021 New-build buyer risks grow
10 Sep 2021 Loss leader or game-changer? - the first zero-fee KiwiSaver fund
09 Sep 2021 Profit taking pulls NZ shares down
09 Sep 2021 Asteron Life support businesses with premium relief options
09 Sep 2021 Co-op hikes rates; Further house price boom unlikely
09 Sep 2021 Building on a roll
09 Sep 2021 More Kiwi fund managers make RIAA 'Responsible Leaders' list
08 Sep 2021 NZ shares snap 7-day rally
08 Sep 2021 Delta fails to dampen equity markets
08 Sep 2021 AIA offers one month free on new policies
08 Sep 2021 Kiwi investors leading the Responsible Investment charge
08 Sep 2021 No market rebound expected post lockdown
08 Sep 2021 Mortgage rate movement in August revealed; Bascand to leave RBNZ
08 Sep 2021 Special mortgage rates flat in August
08 Sep 2021 RBNZ deputy governor Bascand to step down
07 Sep 2021 Partners Life adds to Banqer High literacy programme
07 Sep 2021 NZ shares rise as nationwide lockdown ends
07 Sep 2021 Reserve Bank deputy on the move
07 Sep 2021 Fiducian expands NZ presence
07 Sep 2021 House sales and prices hardly reduced by lockdown
07 Sep 2021 Death by 10,000 paper cuts
07 Sep 2021 ASB to honour pricing in level four; Westpac and Kainga Ora rate hikes
07 Sep 2021 ASB to honour pricing during alert level four
07 Sep 2021 Trusted Adviser status defended after FoxPlan censure
06 Sep 2021 AIA NZ recruits internationally experienced CTO
06 Sep 2021 NZX 50 makes seven day gain run
06 Sep 2021 BNZ goes live with MMC’s registry services for KiwiSaver
06 Sep 2021 Lockdown turmoil for ASB customers; Tighter LVR restrictions for owner-occupiers
06 Sep 2021 Lockdown issues hit home loans
06 Sep 2021 Advisers facing a perfect storm
05 Sep 2021 [The Wrap] KiwiSaver for free who would have thought of that?
03 Sep 2021 Sky TV leads NZX50 higher
03 Sep 2021 Tighter LVR restrictions for owner-occupiers
03 Sep 2021 Short house price surge possible post lockdown
03 Sep 2021 Hey guys, find out which parts of the body break down by age
03 Sep 2021 FSC ReGenerations Conference postponed
03 Sep 2021 Lockdowns don’t stop market rumbling on
03 Sep 2021 Prospa bounces back from first lockdown
03 Sep 2021 Lifetime acquires significant Auckland advice group
03 Sep 2021 Prospa bounces back from first lockdown
02 Sep 2021 Warning to insurance advisers selling up
02 Sep 2021 NZ shares settle after action packed earnings season
02 Sep 2021 NZ shares settle after action packed earnings season
02 Sep 2021 Asteron offers Best Doctors package to advisers
02 Sep 2021 Mercer beefs up its not-for-profit sector
02 Sep 2021 Listings cool: Expected to bounce back quickly
02 Sep 2021 Resimac increases NZ adviser business; ASB hikes longer term loans
02 Sep 2021 Resimac writing more prime loans and dealing with more advisers
02 Sep 2021 Sharesies fronts up after AML Act breaches
01 Sep 2021 Sanford shares surge as Ngāi Tahu fishes for value
01 Sep 2021 Fears over prolonged lockdown; Record building consents
01 Sep 2021 First zero fee KiwiSaver fund arrives
August 2021
31 Aug 2021 Sky TV leads NZX50 for second day
31 Aug 2021 QuayStreet adds new analyst
31 Aug 2021 Taking care of your team in lockdown
31 Aug 2021 TSB fined $3.5m for anti-money laundering act breaches
31 Aug 2021 Fears over extended lockdown
31 Aug 2021 New records in building industry consents
31 Aug 2021 Housing shortage pumps prices
31 Aug 2021 When borrowers feel the pinch; Record rent increases
31 Aug 2021 Jarden hit with $40k penalty
30 Aug 2021 Consumer stocks led NZX 50 higher
30 Aug 2021 OCR hikes hit borrowers six months later
30 Aug 2021 Health insurance claims top $400m in last quarter
30 Aug 2021 Property finance specialist joins the Eightfold Group
30 Aug 2021 Huge profit in house resales
30 Aug 2021 Kiwi Adviser Network passes 100 adviser mark
30 Aug 2021 Kiwi Adviser Network reaches 100 adviser mark
29 Aug 2021 [The Wrap] Who's tougher? FMA or ASIC
28 Aug 2021 Record rent increases
27 Aug 2021 Vista helps NZX50 end week up 1.3%
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