GoodReturns
Archive - 2007
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June 2007
29 Jun 2007 Tower KiwiPlan website launch today at 10am
29 Jun 2007 Bigger, brighter better for Equitable
28 Jun 2007 Pinnacle questions PAA stance
28 Jun 2007 Building consents on a rise
28 Jun 2007 Real estate agents bemoan industry changes
28 Jun 2007 HNZ eviction has lessons for landlords
28 Jun 2007 Greater security and opportunity through KiwiSaver
28 Jun 2007 Pricing risk or buying market share?
28 Jun 2007 MFS achieves listing goal
28 Jun 2007 Morningstar boss returns to US
27 Jun 2007 ING Roadshow 2007
27 Jun 2007 Stechman leaving Tower
27 Jun 2007 Commission seeks court help
26 Jun 2007 ING Roadshow 2007
26 Jun 2007 Adviserlink - Continuing Education Series: Business Risk Management
26 Jun 2007 Businesses still in the dark on KiwiSaver
26 Jun 2007 Threats and opportunities for investors
26 Jun 2007 BNZ increases market share
26 Jun 2007 Deposit rates news briefs
25 Jun 2007 ING Roadshow 2007
25 Jun 2007 Developer wins court battle against council
25 Jun 2007 News Round Up
25 Jun 2007 AMP MD moves on
22 Jun 2007 Weekly Wrap: Questions about adviser regulation
22 Jun 2007 Home affordability produces mixed results nationally
22 Jun 2007 Department of Labour to target Tauranga building sites
22 Jun 2007 Broadbase not for sale: Valentine
21 Jun 2007 New fin coy rules require education
21 Jun 2007 PAA wants to talk to the Commerce Minister
21 Jun 2007 Listen to the minister
21 Jun 2007 What happens to errant advisers under new rules?
21 Jun 2007 Craigs join up with InvestmentLink
21 Jun 2007 Rental property tax rules: good for the goose but not for the gander?
21 Jun 2007 Migrant inflows soft again in May
20 Jun 2007 ABN AMRO Craigs adopts Gatekeeper for KiwiSaver fund providers
20 Jun 2007 Twice the gain - Limit the pain
20 Jun 2007 Website to clarify hidden KiwiSaver fund fees
19 Jun 2007 IFA welcomes changes
19 Jun 2007 Government working on “ring fencing” rental property losses
19 Jun 2007 New rules for advisers unveiled
19 Jun 2007 Reserve Bank welcomes decision on prudential regulation
19 Jun 2007 Non-bank deposit takers to come under new rules
19 Jun 2007 Rules for registering finance sector to net loan sharks
19 Jun 2007 Commerce Minister announces financial sector changes
19 Jun 2007 KiwiSaver: nest egg or hot potato?
19 Jun 2007 Co-Heads of Goldman Sachs JBWere (NZ) appointed
19 Jun 2007 Loan arrears increase
19 Jun 2007 Super Fund's investing guidelines under review
19 Jun 2007 Brook reaches out to middle market
19 Jun 2007 conveyIT partners with Trade Me
18 Jun 2007 Reserve Bank revives capital gains tax threat
18 Jun 2007 Industry ho-hum about property plateau
18 Jun 2007 News Round Up
18 Jun 2007 Strategic gets strong support for shares
15 Jun 2007 Moves a foot at Broadbase
15 Jun 2007 Weekly Wrap: People on the move
15 Jun 2007 Brighouse joins Brook
15 Jun 2007 New milestone may be the last for a while in property prices
15 Jun 2007 Residential highlights – May 2007
15 Jun 2007 Advanced OMNIMax User Certification
15 Jun 2007 Budget drives advisers to KiwiSaver, survey finds
14 Jun 2007 New look at listed property trust sector required
14 Jun 2007 Tower smoothes out application process
14 Jun 2007 Drive by shootings in the industry
14 Jun 2007 Adviserlink - Advice Process I: The sales approach
14 Jun 2007 IRD confirms property investors don’t get tax breaks
13 Jun 2007 Take Kiwisaver pay reviews in two steps
13 Jun 2007 Council hiding development contributions information
13 Jun 2007 Instant Finance dodges a bullet
13 Jun 2007 Instant Finance dodges a bullet
12 Jun 2007 Property owners could be forced to sell
12 Jun 2007 Survey gives first picture of Pegasus town
12 Jun 2007 Rises, rises all around
12 Jun 2007 Joining KiwiSaver close to a no-brainer: Wozniak
12 Jun 2007 GSJBWere expands its investment management team
11 Jun 2007 Residential property market up 11.1%: QV
11 Jun 2007 KiwiSaver fee subsidy, mortgage diversion rules enacted
11 Jun 2007 News Round Up
11 Jun 2007 Adviserlink – Business Financial Solutions
11 Jun 2007 UDC looks to grow its loan book
11 Jun 2007 Auckland's house prices pick up again: QV
09 Jun 2007 Weekly Wrap: More people changes
08 Jun 2007 Auckland property steady despite interest rate rises
08 Jun 2007 More KiwiSaver incentives required: Poll
07 Jun 2007 OCR hits 8%
07 Jun 2007 Property boom looms for 2010
07 Jun 2007 Bollard raises rates and hints at further hikes
07 Jun 2007 Bollard raises rates and hints at further hikes
07 Jun 2007 The official cash rate (OCR) increases to 8.00%.
07 Jun 2007 OCR announcement
07 Jun 2007 Tranzact dilutes Rutherford Rede holding with merger
07 Jun 2007 Fidelity Life makes changes to management team roles
06 Jun 2007 NZX joins KiwiSaver race
06 Jun 2007 Finsia to host a Post Budget Analysis
06 Jun 2007 Underwriters in demand
06 Jun 2007 Vacancies on new IFA board
05 Jun 2007 Auckland Mortgage Trust gets new BDM
05 Jun 2007 IFA 2007 Success Forum
05 Jun 2007 News Round Up
04 Jun 2007 Economists predicts rates to be held
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