GoodReturns
Archive - 2003
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August 2003
06 Aug 2003 Market Review: Equities have won the battle but will they win the war?
06 Aug 2003 Performance pick-up at the death
05 Aug 2003 Lumley Life for sale - again
05 Aug 2003 Liontamer Roadshow
05 Aug 2003 Liontamer Roadshow
05 Aug 2003 Flinn joins Perry at AMP
05 Aug 2003 Dominion Funds restructures property holdings
04 Aug 2003 Home boom rolling on
04 Aug 2003 Liontamer Roadshow
04 Aug 2003 Liontamer Roadshow
04 Aug 2003 Adviserlink Investments
04 Aug 2003 News Round Up
04 Aug 2003 Govt home loan scheme OK'd
03 Aug 2003 Seekers of Property Gains Beware - Mary Holm
03 Aug 2003 Urbus Properties must earn investors' trust - Brian Gaynor
03 Aug 2003 Diversify the golden rule
03 Aug 2003 Govt home loan scheme OK'd
01 Aug 2003 AUT's under threat?
01 Aug 2003 NZMBA Regional Meeting
01 Aug 2003 Advisers have nothing to fear: Baynes
July 2003
31 Jul 2003 Consents likely to stay strong
31 Jul 2003 Club Life looking for more capital to grow
31 Jul 2003 NZAX Information Seminar
30 Jul 2003 BNZ’s bad news is good for investors
30 Jul 2003 Super Fund to kick off in September
30 Jul 2003 More managers own up to breaking exemption notices
29 Jul 2003 Poor advice punishment service
29 Jul 2003 Getting the spell right
29 Jul 2003 NZAX Information Seminar
28 Jul 2003 Australian unit trusts under threat: Shewan
28 Jul 2003 Important week for financial services industry
28 Jul 2003 Adviserlink Practice Management
28 Jul 2003 Adviserlink Introduction to Financial Planning
28 Jul 2003 News Round Up
28 Jul 2003 Absolute Capital expands
28 Jul 2003 Investment property buying tips
28 Jul 2003 House price rises to settle down to single figures, say experts
28 Jul 2003 Landlord 'let down' by the law
28 Jul 2003 Kiwi Income Property Trust - Past & Present
28 Jul 2003 Bollard gives a bit but signals warning on house prices
25 Jul 2003 Adviser laws to be toughened
24 Jul 2003 Bollard gives a bit but signals warning on house prices
24 Jul 2003 FPIA Success Forum
24 Jul 2003 Godfrey says on as Goldridge chair
24 Jul 2003 OCR cut to 5%
24 Jul 2003 Bollard gives a bit but signals warning on house prices
24 Jul 2003 NZMBA Regional Meeting
24 Jul 2003 Saving New Zealand tricky
24 Jul 2003 Tower sells Goldridge
23 Jul 2003 Tower Compliance Roadshow
23 Jul 2003 CTU wants super changes
23 Jul 2003 NZ Super Fund close to point of no-return: Cullen
23 Jul 2003 Savings Forum
23 Jul 2003 Tide has turned on fund performance
22 Jul 2003 New RBNZ deputy governor
22 Jul 2003 Craigs joins the fixed interest rush
22 Jul 2003 Rate cut picked for Thursday
22 Jul 2003 Fewer migrants coming to NZ
22 Jul 2003 All about cross-leasing and subdividing
21 Jul 2003 Winter finally hits housing market
21 Jul 2003 Focus on Saving: Towards consensus
21 Jul 2003 Managed funds unpopular
21 Jul 2003 Rate cut picked for Thursday
21 Jul 2003 News Round Up
20 Jul 2003 New GM at Mortgage Link
19 Jul 2003 It's Time to Resist the Gadgets
19 Jul 2003 NZ median house price steady, sale volume falls in June
19 Jul 2003 Residential rental property offers best returns - survey
18 Jul 2003 Tower pushes best practice
17 Jul 2003 Property Bubble Or Boom?
17 Jul 2003 NZMBA Regional Meeting
17 Jul 2003 Generating high yields
16 Jul 2003 Scam warning over property seminars
16 Jul 2003 Back to Hogwarts for young wizard?
16 Jul 2003 Wizard's Asian spell doesn't work
16 Jul 2003 VPM unitholders do better than expected
15 Jul 2003 NZMBA Regional Meeting
15 Jul 2003 NZMBA Regional Meeting
15 Jul 2003 Conveyancing fees no laughing matter - Mary Holm
15 Jul 2003 Housing market is abnormal: expert
15 Jul 2003 Firms demand leases that exclude students
15 Jul 2003 St Laurence introduces performance fees
14 Jul 2003 Ed Smith leaves Frank Russell
14 Jul 2003 Tower sells trust business
14 Jul 2003 Brokers have to earn their commissions: Caird
13 Jul 2003 A grand coalition of fund managers?
13 Jul 2003 News Round Up
12 Jul 2003 Adviserlink Practice Management
11 Jul 2003 Guidelines clarify how health premiums set
11 Jul 2003 Tower Compliance Roadshow
10 Jul 2003 AMP launches new property fund
10 Jul 2003 Housing market is abnormal: expert
10 Jul 2003 Tower Compliance Roadshow
10 Jul 2003 NZMBA Regional Meeting
10 Jul 2003 NZMBA Regional Meeting
10 Jul 2003 AMP advisers unhappy with offer
10 Jul 2003 Generator Bonds presentation
09 Jul 2003 Generator Bond presentation
09 Jul 2003 NZMBA Regional Meeting
09 Jul 2003 Tower Compliance 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.
14 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.
16 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