GoodReturns
Archive - 2003
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July 2003
09 Jul 2003 Generator Bonds Presentation
09 Jul 2003 Finance companies have disproportionate growth
09 Jul 2003 Generator Bonds presentation
09 Jul 2003 More heat left in the market: Trass
09 Jul 2003 Cutting observations on Reserve Bank policy
09 Jul 2003 Spicers marketing manager sets up new business
08 Jul 2003 Tower Compliance Roadshow
08 Jul 2003 NZMBA Regional Meeting
08 Jul 2003 NZMBA Regional Meeting
08 Jul 2003 More heat left in the market: Trass
07 Jul 2003 FundSource and the Liontamer
07 Jul 2003 Tower Compliance Roadshow
07 Jul 2003 Two new Securities Commission members
07 Jul 2003 News Round Up
07 Jul 2003 Property not a bubble about to burst - Mary Holm
07 Jul 2003 Housing market in great shape
07 Jul 2003 Housing in "risky" stage of cycle
07 Jul 2003 Out of reach for so many
07 Jul 2003 Cuts in interest rates lift housing market
06 Jul 2003 Health tax idea canned
04 Jul 2003 Fund managers get a new look at themselves
04 Jul 2003 Housing market in great shape
04 Jul 2003 NBNZ tops new Morningstar ratings
03 Jul 2003 Managers have their say on new ratings
03 Jul 2003 A bear market rally or the start of the next bull market?
02 Jul 2003 Property Investment: A Hardy Perennial
02 Jul 2003 Brokers need to lift their game
02 Jul 2003 Tax losses distort fund performance
01 Jul 2003 SAM gets Judd
01 Jul 2003 Brokers need to lift their game
01 Jul 2003 A Breakfast with the Retirement Commissioner
01 Jul 2003 ASFONZ Education Programme - Module 3
01 Jul 2003 What does it cost to sell a house?
01 Jul 2003 Breathless house market no bubble say economists
01 Jul 2003 Property: Lawyers lose conveyancing monopoly
01 Jul 2003 Radical home finance plan to slash costs
June 2003
30 Jun 2003 I-Cap fund looking at closing
30 Jun 2003 Property continues to be robust
30 Jun 2003 Commission's comments bemuse industry
29 Jun 2003 News Round Up
27 Jun 2003 ING Roadshow
27 Jun 2003 ING Roadshow
27 Jun 2003 Underwriters of the future
27 Jun 2003 ANZ cuts ties with brokers
26 Jun 2003 Fund managers forced to come clean
26 Jun 2003 Fisher Funds Management Investment Roadshow
26 Jun 2003 ING Roadshow
26 Jun 2003 ASFONZ Education Programme - Module 3
25 Jun 2003 Commission closes contributory mortgage firm
25 Jun 2003 Aussie investment property tax concerns not mirrored in NZ - IRD
25 Jun 2003 Govt to clamp down on buyback schemes
25 Jun 2003 Tower makes two senior appointments
25 Jun 2003 Fisher Funds Management Investment Roadshow
25 Jun 2003 ING Roadshow
25 Jun 2003 Sides line up over rule changes
25 Jun 2003 Liontamer expands
25 Jun 2003 Sides line up over rule changes
24 Jun 2003 Five reasons to be positive about international shares
24 Jun 2003 Corporate super schemes appear sound
24 Jun 2003 Poulter wonders about future of trail commissions
24 Jun 2003 Fisher Funds Management Investment Roadshow
24 Jun 2003 ING Roadshow
24 Jun 2003 Macquarie New Zealand Ltd
24 Jun 2003 ASFONZ Education Programme - Module 3
24 Jun 2003 RSA mortgage insurance downgraded
24 Jun 2003 ING's capital note counter
23 Jun 2003 "Economic Outlook" presentation
22 Jun 2003 News Round Up
20 Jun 2003 Employment-related superannuation at crisis point
20 Jun 2003 Don’t they know it’s winter?
20 Jun 2003 Ross Securities warned over BIL offer
19 Jun 2003 Increase Your ROI
19 Jun 2003 Investment Dogs!
19 Jun 2003 Retail & Industrial Hot Property
19 Jun 2003 Don’t they know it’s winter?
19 Jun 2003 Dave Shatford at Aon
18 Jun 2003 From business prevention to business development
18 Jun 2003 PRG in full stride: Arkinstall
18 Jun 2003 More needs to be done for investors: Ombudsman
18 Jun 2003 Pero planned to sell his business - not buy it
17 Jun 2003 Hanover reveals managed fund ambitions
17 Jun 2003 Aon Alternative Investment Strategies for Trustees
17 Jun 2003 Regulators warming to hedge funds
17 Jun 2003 Pero reclaims business
16 Jun 2003 KSL appoints general manager
16 Jun 2003 Aon Alternative Investment Strategies for Trustees
16 Jun 2003 Brokers not keen to see NBNZ sold
15 Jun 2003 News Round Up
13 Jun 2003 Cullen cans compulsion
13 Jun 2003 Copeland: savings behaviour must change
13 Jun 2003 Retirement Commission Symposium: The Net Wealth of NZers
13 Jun 2003 Symposium on Savings Wealth and Retirement
13 Jun 2003 Equities on the turn
12 Jun 2003 Lombard's new Auckland manager
12 Jun 2003 Tough standards being set for brokers
12 Jun 2003 Super fund target maybe lowered
12 Jun 2003 Super fund target maybe lowered
11 Jun 2003 Mortgage rates keep tumbling
11 Jun 2003 Trustees need to be aware of the risks
11 Jun 2003 Meeting your client’s concerns head on!
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