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Clear Filter
June 2007
04 Jun 2007
Website: Reserve Bank of New Zealand
04 Jun 2007
Gore vs Tokoroa: Gold in towns of timber and trout
01 Jun 2007
[Weekly Wrap] Capital protected success
01 Jun 2007
Results wrap
01 Jun 2007
Guarantees and Morgan
01 Jun 2007
Fisher looking to close NZ growth fund
01 Jun 2007
Tasman mortgage group sold
01 Jun 2007
McEwan leaves ASB Sydney-bound
May 2007
31 May 2007
KiwiSaver: employers to consider redundancies?
31 May 2007
P lab highlights trustee property risk
31 May 2007
EPIC closes oversubscribed
31 May 2007
Research centre pans KiwiSaver changes
30 May 2007
Aust finance company operating in NZ collapses
30 May 2007
Kinloch Funds Management appoints property director
30 May 2007
Kiwibank campaign ends
30 May 2007
Adviserlink - Continuing Education Series: Business Risk Management
30 May 2007
Staples Rodway launches Kiwisaver scheme
30 May 2007
10,000 energy-saving light bulbs installed in six weeks
30 May 2007
Alan Bollard keeps Reserve Bank reins
30 May 2007
Kiwibank campaign ends
30 May 2007
Industry groups gear up for new talks
29 May 2007
Independent regulation for “land sharks”
29 May 2007
NZX opts for immediate maximum KiwiSaver employer contribution
29 May 2007
Capital protected KiwiSaver option launched
28 May 2007
Westpac market share gains continue
28 May 2007
KiwiSaver campaign takes off
28 May 2007
KiwiSaver readies for take-off
28 May 2007
Tyndall appoints new md
28 May 2007
ANZ withdrawn commission deadline
27 May 2007
Bank takes major stake in Liontamer
27 May 2007
PAA/LBA merger fails to get the numbers
25 May 2007
[Weekly Wrap] KiwiSaver to replace APBs
25 May 2007
Two new appointments at FDL
25 May 2007
No rush for regulation, SIFA members told
24 May 2007
Changes in finance sector accelerating
24 May 2007
One bank war
24 May 2007
National votes against KiwiSaver
24 May 2007
New Zealand Fixed Income Forum 2007
24 May 2007
One bank war
24 May 2007
No trail fees in KiwiSaver
23 May 2007
LBA 2007 Conference & AGM
23 May 2007
More relief for leaky home claimants
23 May 2007
Westpac NZ takes the hassle out of Kiwisaver
23 May 2007
Business tax cut: the golden goose tarnishes
22 May 2007
Pinnacle launches online underwriting
22 May 2007
SBS becomes KiwiSaver provider
22 May 2007
Aussie education merger spells change for NZ
21 May 2007
Housing demand softening in provinces
21 May 2007
More disability-friendly houses needed
21 May 2007
NBNZ latest to address broker commissions
21 May 2007
New, but old, MD for AMP Capital
21 May 2007
News Round Up
20 May 2007
SIFA Conference
18 May 2007
Weekly Wrap: Budget bonanza
18 May 2007
Budget moves against traders boon for property industry
18 May 2007
Budget 07: Mercer welcomes budget boost to Kiwisaver
18 May 2007
Budget 07: The voice of workplace super
18 May 2007
Key wrong on KiwiSaver
18 May 2007
KiwiSaver now an easier choice says Retirement Commissioner
18 May 2007
Government’s bold step will ensure Kiwsaver success
18 May 2007
Budget 07: PricewaterhouseCoopers press release
18 May 2007
Budget 07: Tax bills to transform saving and investing
18 May 2007
REINZ says Budget should have delivered tax cuts
18 May 2007
Budget bad news for property speculators
18 May 2007
Are you ready for the KiwiSaver challenge?
18 May 2007
We do take responsibility for our KiwiSavers - Tower
18 May 2007
Party Time for the Life Insurers – at the public’s expense
18 May 2007
New GM at St Laurence Property and Finance
18 May 2007
Savings industry pleased with Budget
17 May 2007
First steps towards shared equity scheme
17 May 2007
Large investment in warmer, healthier homes
17 May 2007
Budget gives $40 a week to support saving
17 May 2007
$1.3 billion budget bonanza for savings industry
17 May 2007
Budget in brief
17 May 2007
Budget date announced
17 May 2007
Residential property prices: still they climb
17 May 2007
Housing market accelerates in March quarter
17 May 2007
Smedley gets new role at Guardian Trust
17 May 2007
MFS launches platform business for advisers
16 May 2007
KiwiSaver still a mystery for many Kiwis
16 May 2007
BNZ says TotalMoney and Term Saver can be online savings accounts
16 May 2007
Kiwibank chases refinance business
16 May 2007
Kiwibank chases refinance business
16 May 2007
One group worried about the Budget
16 May 2007
New Zealanders keen on KiwiSaver: AMP
15 May 2007
Adviserlink - Practice Management Course
15 May 2007
Soaring land values and lower returns for Queenstown
15 May 2007
Advisers unimpressed with APB failure
15 May 2007
Two Securities Commission members reappointed
14 May 2007
Advisers respond to APB collapse
14 May 2007
Adviserlink - Mortgage broking Essentials
14 May 2007
News Round Up
14 May 2007
Property growth returns to double digits
13 May 2007
Section prices rising in Christchurch
11 May 2007
Weekly Wrap: Joint APB collapses
11 May 2007
Broker survey results
11 May 2007
BT rolls out farm fund
11 May 2007
Bollard wants more regulation of bank lending
11 May 2007
What becomes of the broken-hearted?
11 May 2007
There can be only one: IFA
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Latest News
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
2 min read
FMA outlines its latest expectations for advisers
6 min read
[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.
19 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.
22 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