GoodReturns
Archive - 2006
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May 2006
11 May 2006 HFA gets Styles
10 May 2006 Provincial Finance stops accepting new investments
10 May 2006 UDC retains investment grade rating
10 May 2006 Auckland University sets up retirement research centre
10 May 2006 Associations outline concerns with disclosure bill
10 May 2006 More rate rises happening
10 May 2006 QV price data for April
10 May 2006 Mixed results for Auckland market
09 May 2006 Cullen rubbishes switching claims
09 May 2006 More rate rises happening
09 May 2006 InvestmentLink calls for electronic KiwiSaver access
09 May 2006 What managers are looking for
08 May 2006 News Round Up
08 May 2006 Grosvenor's Tume joins NZ Super Fund
07 May 2006 Property price growth again eases
05 May 2006 Fund Distributors' inaugural conference
05 May 2006 Super Fund makes new appointments
05 May 2006 Kingfish reveals a good catch for the year
05 May 2006 Jim Minto's view on the shape of the advisory industry
05 May 2006 Westpac changes its home loan strategy
05 May 2006 New ISO chairman
04 May 2006 Tax changes to raise more revenue than expected: KPMG
04 May 2006 Southern Cross ups premiums
03 May 2006 Market Review: (Almost) boring
03 May 2006 Investing in fixed interest 101
03 May 2006 KPMG warns of Westpoint type collapse in NZ
03 May 2006 Review of Unit Titles act started
03 May 2006 Homes become more affordable: survey
02 May 2006 Finance company sustainability questioned
02 May 2006 Why we won't tell you about the FPIA's KiwiSaver submission
02 May 2006 Unions to get into KiwiSaver
02 May 2006 Tower appoints new BDM
02 May 2006 Unions to get into KiwiSaver
01 May 2006 Home loan rates start rising
01 May 2006 News Round Up
April 2006
30 Apr 2006 Fewer people are expecting house price increases
29 Apr 2006 Building consents plummet
28 Apr 2006 KiwiSaver Bill submissions close
28 Apr 2006 Managed Funds find favour as conditions change
28 Apr 2006 Follow-the-market not necessarily the best approach
28 Apr 2006 Tax changes may benefit Australia
28 Apr 2006 Get a slice of property development
28 Apr 2006 REINZ alleges property selling firm breaking law
27 Apr 2006 OCR announcement
27 Apr 2006 Reserve Bank leaves rates unchanged and rules outs any cuts this year
27 Apr 2006 OCR unchanged at 7.25%
27 Apr 2006 Advisers react strongly to comments
27 Apr 2006 Mimms to take over Liontamer distribution
27 Apr 2006 CTU wants 2% KiwiSaver contribution rate
27 Apr 2006 Rising petrol prices not good for property
26 Apr 2006 Home loan rates start rising
26 Apr 2006 Mimms returns with Investment Store
26 Apr 2006 Some good news for managed funds
26 Apr 2006 Reserve Bank leaves rates unchanged and rules outs any cuts this year
25 Apr 2006 Investment property still number one for returns
24 Apr 2006 News Round Up
23 Apr 2006 Economists divided on when to expect rate cuts
23 Apr 2006 564 sections sold in one day
21 Apr 2006 Company hit for misleading investors
20 Apr 2006 Mike Pero Mortgages keeps growing
20 Apr 2006 My view on the future shape of the advisory industry
20 Apr 2006 Law to reduce salary sacrifice announced
20 Apr 2006 SRI to get boost this year
19 Apr 2006 Not all Taskforce recommendations to be adopted: MED
19 Apr 2006 Rates quiet, some upward pressure applied
18 Apr 2006 News Round Up
18 Apr 2006 Rates quiet, some upward pressure applied
18 Apr 2006 Feature: Regional housing market report
18 Apr 2006 Housing market reaches 'comfortable plateau'
17 Apr 2006 James Ring resigns as manager
13 Apr 2006 What readers think of tax changes
13 Apr 2006 PIS professional development day
13 Apr 2006 Sovereign increases market share
13 Apr 2006 RaboPlus appoints new ops manager
13 Apr 2006 Professional Advisers Association votes for change
12 Apr 2006 PIS professional development day
12 Apr 2006 Tax changes: Winners and lossers
12 Apr 2006 Govt sticks to its line on tax
12 Apr 2006 Deposit rate news briefs
12 Apr 2006 Tax changes: Key's response predictable
11 Apr 2006 Small concession in tax changes
11 Apr 2006 $110 million of tax cuts to improve fairness of investment tax regime
11 Apr 2006 Taxation of investment income: Questions and answers
11 Apr 2006 Fact sheet 1: Savers in New Zealand-managed funds
11 Apr 2006 Fact sheet 2: Overseas share investments by individual direct investor
11 Apr 2006 Fact sheet 3: New tax rules for New Zealand managed funds
11 Apr 2006 First thoughts on tax changes
11 Apr 2006 PIS professional development day
11 Apr 2006 Tough decision time
11 Apr 2006 Advisory industry post regulation: One view
10 Apr 2006 PIS professional development day
10 Apr 2006 News Round Up
10 Apr 2006 House price rises slow - again
10 Apr 2006 Tough decision time
10 Apr 2006 QV Residential price movement report
09 Apr 2006 ING annual conference 2006
09 Apr 2006 House price rises slow - again
07 Apr 2006 PIS professional development day
07 Apr 2006 Paperless papers
07 Apr 2006 Things are changing at ING
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.
15 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.
17 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