GoodReturns
Archive - 2016
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
August 2016
15 Aug 2016 Auckland Council votes for Unitary Plan
15 Aug 2016 Rules for bankrupt KiwiSaver members cause concern
15 Aug 2016 How to achieve top dollar: lessons from The Block
15 Aug 2016 Property managers must keep rent separate
15 Aug 2016 Study to assess ways to help KiwiSaver members get better results
15 Aug 2016 New levies final nail for independent DIMS providers
15 Aug 2016 Pre-approvals hold RBNZ up
15 Aug 2016 Call for more scrutiny of regulators
14 Aug 2016 China recreates the Mississippi Bubble
13 Aug 2016 NZSF gets tick
12 Aug 2016 New LVR start date delayed
12 Aug 2016 Age-friendly housing pays off
12 Aug 2016 RBNZ defers start date for new LVR restriction
12 Aug 2016 Lending Crowd wants to raise $5m
12 Aug 2016 Income drop sign of move to slow, steady growth for Partners
12 Aug 2016 From loans to mortgages
12 Aug 2016 AMP Capital appoints new investment strategy boss
12 Aug 2016 Greens rental Bill could put off landlords - NZPIF
12 Aug 2016 Only three move so far
12 Aug 2016 Banks secure hold on KiwiSaver
11 Aug 2016 Tenants’ rights take centre stage
11 Aug 2016 Borrowers unlikely to see full cut
11 Aug 2016 More cuts on the horizon
11 Aug 2016 Commission files charges against Youi insurance
11 Aug 2016 More cuts on the horizon
11 Aug 2016 Early signs of easing price pressure
11 Aug 2016 OCR cut to 2%; Here's what they said
11 Aug 2016 What the Reserve Bank said about interest rates
11 Aug 2016 FMA launches next stage of churn probe
11 Aug 2016 RESIMAC partners with financial advisory firm
11 Aug 2016 Grosvenor takes aim at banks with new KiwiSaver product
11 Aug 2016 Asteron keeps focus on sustainability
11 Aug 2016 Boosting supply crucial to final Unitary Plan decision
10 Aug 2016 Auckland house prices not a concern: ASB boss
10 Aug 2016 Low interest rates driving customers to wealth products: ASB
10 Aug 2016 Milford manager jumps ship
10 Aug 2016 ASB profits up; Not worried about Auckland house prices
10 Aug 2016 PM tells banks what to do
10 Aug 2016 Insurance site set for launch
10 Aug 2016 Advisers 'must shake off product ties'
10 Aug 2016 Limited supply drives prices up further
09 Aug 2016 Camelot adds advisers
09 Aug 2016 Mortgage Express appoint new regional manager
09 Aug 2016 Housing market simmering down?
09 Aug 2016 Govt should bear more of FMA funding cost: IFA
09 Aug 2016 Tool helps analyse portfolios
09 Aug 2016 Bridging finance not an LVR issue
09 Aug 2016 Smooth passage of Unitary Plan in doubt
08 Aug 2016 Quieter times ahead for housing market - ASB
08 Aug 2016 Odds of rate cut about the same as Hurricanes winning final
08 Aug 2016 Stewart seeks more capital to fund growth
08 Aug 2016 Balancing act: how to handle the housing market
05 Aug 2016 RESIMAC makes important changes to rates and fees (+ VIDEO)
05 Aug 2016 Little doubt OCR cut coming
05 Aug 2016 RESIMAC has lowered rates
05 Aug 2016 Fisher dividend up
05 Aug 2016 No tenant liability under new rules
05 Aug 2016 Craigs joins NZX platform
05 Aug 2016 Financial services provider 'should be allowed to follow law'
05 Aug 2016 AML still tough for some AFAs
04 Aug 2016 Morningstar's Chris Douglas returns
04 Aug 2016 Apartment size key to future lending
04 Aug 2016 LVR to target bank risk, not prices
04 Aug 2016 Adviser numbers drop
04 Aug 2016 Banks too dominant in KiwiSaver: Survey
04 Aug 2016 Bank risk real LVR target
04 Aug 2016 Apartment size key to future lending
03 Aug 2016 BNP appoints advice boss
03 Aug 2016 Will insurance become redundant as things get safer?
03 Aug 2016 QV: Prices still running hot
03 Aug 2016 Squirrel launches secondary market
03 Aug 2016 Financial Advice NZ could play regulatory role
03 Aug 2016 Slowdown in Auckland market – B&T
02 Aug 2016 Perpetual Guardian plans $150m IPO
02 Aug 2016 No stopping value rises: QV
02 Aug 2016 BNZ moves rates; Foreign buyer report called misleading
02 Aug 2016 Correction on the cards?
02 Aug 2016 Ballantyne hopeful of OIO nod 'soon'
02 Aug 2016 Jennings gets top IFA award
02 Aug 2016 Harmoney's first full-year results show loss
01 Aug 2016 Foreign buyer stats 'misleading'
01 Aug 2016 Newton Ross welcomes new advisers
01 Aug 2016 Harmoney faces charges
01 Aug 2016 Southern beauty
01 Aug 2016 HomeStart changes meant to open up market
01 Aug 2016 Surprise rate cut
01 Aug 2016 A good question from ANZ
01 Aug 2016 Stubbs launches not-for-profit KiwiSaver scheme
July 2016
31 Jul 2016 Heartland Seniors Finance gets a tick
29 Jul 2016 Young mortgage adviser of the year named (+ VIDEO)
29 Jul 2016 Relief as consents bounce back up
29 Jul 2016 Country's top lenders named
29 Jul 2016 Solvency key for self-employed borrowers
28 Jul 2016 Financial Advice NZ gets green light
28 Jul 2016 Top lenders of the year named
28 Jul 2016 More state house sales on the agenda
28 Jul 2016 'Client first' right standard for the industry: Everett
28 Jul 2016 Mortgage lending drops
28 Jul 2016 Big DIMS bill looming
28 Jul 2016 Investors must battle fear
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".
4 days ago Paul Flood