GoodReturns
Archive - 2001
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April 2001
26 Apr 2001 NZ Superannuation Bill
26 Apr 2001 Ethical investing: Govt may boost SRI funds
26 Apr 2001 Babyboomers cry out for less tax on retirement savings
26 Apr 2001 Federated Farmers oppose prefunding
26 Apr 2001 Commonwealth Group wants more specific SRI guidelines in Super Fund
25 Apr 2001 Industry divided on funding Retirement Commissioner
24 Apr 2001 National finally starts developing super paper
24 Apr 2001 National's policy paper
24 Apr 2001 Michael's last stand
24 Apr 2001 Warehouse looks to the mortgage market
24 Apr 2001 Flows poor but confidence up
23 Apr 2001 Former finance minister joins board
23 Apr 2001 Forest Enterprises Ltd
23 Apr 2001 The demographic issue
22 Apr 2001 News Round Up
22 Apr 2001 Moratrium on genetic testing mooted
20 Apr 2001 Govt tells industry to front up with cash
19 Apr 2001 AMP proposes EET over TET
19 Apr 2001 AMP proposes EET over TET
19 Apr 2001 Cullen on right track with superannuation
19 Apr 2001 Housing market activity increases
19 Apr 2001 Former Task Force member pans NZ Super Bill
19 Apr 2001 RB cuts OCR
19 Apr 2001 Incentives not a savings panacea: Cullen
19 Apr 2001 The book on savings is not closed: Cullen
18 Apr 2001 Cash rate could hit 5.75%
18 Apr 2001 New member for Armstrong Jones sales team
18 Apr 2001 MP says super board should listen to minister
17 Apr 2001 MPs comments raise concerns
17 Apr 2001 New CIO at AMP Henderson
17 Apr 2001 Nervous time for investors
17 Apr 2001 News Round Up
16 Apr 2001 NZers conservative attitude to assets
13 Apr 2001 Battle for control of Aetna not yet over
12 Apr 2001 Investment:
12 Apr 2001 Insurance: How to get medical tests right
12 Apr 2001 Practice Management:
12 Apr 2001 Merger mania takes hold
12 Apr 2001 Put your mortgage out to tender
11 Apr 2001 KPMG Legal partners two experts
11 Apr 2001 Australian reforms will impact on NZ Financial Services industry
11 Apr 2001 What is the true cost of interest payments?
10 Apr 2001 Commission has another go at Southern Cross
10 Apr 2001 Risk is about the ups as well as the downs
10 Apr 2001 ASB Bank appoints top strategist
10 Apr 2001 Peters attacks ORC
09 Apr 2001 Sources of retirement income in New Zealand
09 Apr 2001 News Round Up
09 Apr 2001 Time for Govt to front up with cash
07 Apr 2001 Australian Conference - The Winning Formula
06 Apr 2001 Mortgage help for our UAE-based reader
06 Apr 2001 Adding value through tactical asset allocation
06 Apr 2001 Horse trading on super already done
06 Apr 2001 Hellaby backs Club Life
06 Apr 2001 Club Life appoints directors
05 Apr 2001 Socially Responsible Investment: A global perspective
05 Apr 2001 Armstrong Jones
05 Apr 2001 JB Were Adviser Insight Seminar
05 Apr 2001 Speech: Cullen details TET plans
04 Apr 2001 Super women
04 Apr 2001 Memorandum of Wishes
04 Apr 2001 JB Were Adviser Insight Seminar
04 Apr 2001 Mortgage for a single mother
04 Apr 2001 Guardian Trust Funds Management
04 Apr 2001 Fund managers and IRD in Mexican Stand Off
03 Apr 2001 More changes at BT
03 Apr 2001 Minimise Tax, Maximise Savings
03 Apr 2001 Thousands of taxpayers sacrifice more than salary to Government
03 Apr 2001 Armstrong Jones
03 Apr 2001 JB Were Adviser Insight Seminar
03 Apr 2001 Guardian Trust Funds Management
03 Apr 2001 Home loan deals still speeding
03 Apr 2001 BNZ goes head to head with Ords
02 Apr 2001 Hedley resigns from BT
02 Apr 2001 "Superannuation - Let's Get It On"
02 Apr 2001 Armstrong Jones
02 Apr 2001 Adviserlink - Business Financial Services
02 Apr 2001 Super History: Understanding recent changes
02 Apr 2001 News Round Up
02 Apr 2001 Tower appoints new manager
01 Apr 2001 New source of mortgage funds
March 2001
30 Mar 2001 Tax incentives promoted
30 Mar 2001 Tax incentives promoted
29 Mar 2001 Mortgage processing company launched
29 Mar 2001 Govt pressured to fully fund Retirement Commissioner
28 Mar 2001 The continuing growth of master trusts
28 Mar 2001 Happy days
28 Mar 2001 Regulation of fund managers on the cards?
27 Mar 2001 PTO gets modernisation board
27 Mar 2001 Health insurers may be forced out of business
27 Mar 2001 Super bill slowed down
26 Mar 2001 Annual Developments & Trends in FUNDS MANAGEMENT
26 Mar 2001 Hope for housing market
26 Mar 2001 Super history: NZ's super system unique
25 Mar 2001 News Round Up
23 Mar 2001 Age Related Pricing Of Health Insurance Premiums And The Human Rights
23 Mar 2001 International quality standards for financial planning
22 Mar 2001 New claims manager
22 Mar 2001 Challenger International roadshow
22 Mar 2001 Challenger International roadshow
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.
3 days 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.
3 days 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.
5 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…
5 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".
5 days ago Paul Flood