GoodReturns
Archive - 2006
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June 2006
15 Jun 2006 New Zealanders richer than ever
15 Jun 2006 ASB and Kiwibank expand, HSBC goes backwards
14 Jun 2006 Provincial rescue plan failure sensible
14 Jun 2006 ING mid year roadshow
14 Jun 2006 COMPASS Product Launch Presentation
14 Jun 2006 Broadlands appoints new CFO
14 Jun 2006 Tax on life insurance next
14 Jun 2006 Rules catch another manager
13 Jun 2006 ING mid year roadshow
13 Jun 2006 COMPASS Product Launch Presentation
13 Jun 2006 House price inflation abates for fourth straight month
13 Jun 2006 Officials not interested in rating finance companies
13 Jun 2006 Officials not interested in rating finance companies
13 Jun 2006 Higher for longer
12 Jun 2006 COMPASS Product Launch Presentation
12 Jun 2006 Rescuers put themselves first
12 Jun 2006 Rescuers put themselves first
12 Jun 2006 Pioneer buys Pacific
12 Jun 2006 Diplock keeps the chair
12 Jun 2006 Viking not after finance companies
11 Jun 2006 Higher for longer
11 Jun 2006 House prices predicted to decline
11 Jun 2006 QV price data for May 2006
11 Jun 2006 Residential Property Values Grow 12.4%
09 Jun 2006 New finance company arrives as others fall
09 Jun 2006 Rifleman shows its experience
09 Jun 2006 No tax break for UK listed trusts: IRD
08 Jun 2006 Monetary Policy Statement
08 Jun 2006 COMPASS Product Launch Presentation
08 Jun 2006 Bollard leaves rates unchanged despite worsening inflation outlook
08 Jun 2006 OCR remains at 7.25%
08 Jun 2006 New disclosure bill delayed
07 Jun 2006 COMPASS Product Launch Presentation
07 Jun 2006 New fixed interest manager at AMP Capital
07 Jun 2006 Bollard leaves rates unchanged despite worsening inflation outlook
06 Jun 2006 COMPASS Product Launch Presentation
06 Jun 2006 COMPASS Product Launch Presentation
06 Jun 2006 Provincial and Perpetual fail to agree
05 Jun 2006 Fascinating Provincial questions
05 Jun 2006 Provincial and Perpetual fail to agree
05 Jun 2006 Rate cuts looking more distant
02 Jun 2006 Provincial Finance placed in receivership
02 Jun 2006 COMPASS Product Launch Presentation
02 Jun 2006 Chapman leaves Sovereign
01 Jun 2006 Market Review: The sell-off
01 Jun 2006 Dunne's bomb making manual
01 Jun 2006 Minister encourages submissions
May 2006
31 May 2006 Insurance guidelines to be reviewed
31 May 2006 Outlook for rate changes low
31 May 2006 Edwards gets top job at Perpetual
31 May 2006 Co-regulation hard to make work: Kent
30 May 2006 Increasing risks may catch investors out: S&P
30 May 2006 Bill to give Government wide powers over advisers
30 May 2006 Waistlines will fatten premiums
29 May 2006 TSB holds its market share
29 May 2006 Tower Health & Life beefs up adviser support
29 May 2006 News Round Up
29 May 2006 NZPIF: voice of landlords
28 May 2006 Deposit rate news briefs
26 May 2006 Tower reports strong result
25 May 2006 Carefully check mortgage costs: Crossan
25 May 2006 Michael Cullen is wrong, wrong, wrong
25 May 2006 New Zealand Fixed Income Forum
25 May 2006 Cullen says no more tax holidays
25 May 2006 Queenstown market volatile
25 May 2006 IRD cracks down on chattel depreciation
25 May 2006 Property Investors in a mood to buy
24 May 2006 Tower aiming to be KiwiSaver default provider
24 May 2006 Life Brokers Association conference
24 May 2006 Guardian Trust back again
24 May 2006 New marketing group for advisers
23 May 2006 Provincial talks to South Canterbury
23 May 2006 Finally it has happened
23 May 2006 Provincial Finance talks to South Canterbury
23 May 2006 Residential property prices still reach new record
23 May 2006 Feature: Regional housing market report April
22 May 2006 News Round Up
21 May 2006 Liontamer appoints research manager
19 May 2006 Government to issue infrastructure bonds
19 May 2006 Brokers' volume drops, but recovering
19 May 2006 Deposit rate news briefs
18 May 2006 Budget 2006
18 May 2006 Time for biffo on tax changes
18 May 2006 Tax laws out, and out of favour
18 May 2006 Unusual things happening with home loan rates
17 May 2006 Dowler joins Sherpa
17 May 2006 MFS to become fund manager
16 May 2006 One in three Mums have no life cover
16 May 2006 Tax changes in for bumpy ride
15 May 2006 News Round Up
15 May 2006 New head of fixed interest at AMP
14 May 2006 SIFA Mid-Year Conference
12 May 2006 FPIA board meeting
12 May 2006 Predicting finance company failures
12 May 2006 S&P warns of more collapses
12 May 2006 BNZ reckons it's the winner
11 May 2006 FPIA council meeting
11 May 2006 Super Fund awards another mandate
11 May 2006 KiwiSaver start should be deferred: Spooner
11 May 2006 KiwiSaver start should be deferred: Spooner
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