GoodReturns
Archive - 2019
Year:
2026 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997
Filter:
Clear Filter
July 2019
25 Jul 2019 Our guide to licensing
25 Jul 2019 Don’t let FAP stand for Fear, Apathy or Panic
25 Jul 2019 Smart Investor tool wins prize
25 Jul 2019 Here's how licensing will work
24 Jul 2019 NZ shares take a breather after hitting a fresh record
24 Jul 2019 Countdown to Brexit: Will the UK Leave on Halloween?
24 Jul 2019 Investor lending flat in June
24 Jul 2019 The costs of rental policy changes
24 Jul 2019 Govt opts for sweeping review of 'underperforming' RMA
24 Jul 2019 Ponzi scheme operator jailed
24 Jul 2019 Tough servicing rates could be eased
24 Jul 2019 ANZ and Westpac latest to cut rates
24 Jul 2019 FMA: Advice processes pose risk to consumers
24 Jul 2019 Advisers slam Southern Cross commission change
24 Jul 2019 Strategi appoints chief executive
24 Jul 2019 Simplicity adds new sales boss
23 Jul 2019 Market trucks on as Mainfreight and A2 hit new highs
23 Jul 2019 Changes at Loan Market and NZFSG
23 Jul 2019 Changes at Loan Market and NZFSG
23 Jul 2019 Ideal client outcomes
23 Jul 2019 Change at top of Fidelity customer team
23 Jul 2019 Make advisers discuss ethical options: Coates
22 Jul 2019 Fourth straight day of share price rises; Exporters gain; Sky leads
22 Jul 2019 Asking prices defy winter odds
22 Jul 2019 BNZ slashes two-year rate to 3.79%
22 Jul 2019 Plus4 expands in Auckland
22 Jul 2019 BNZ two-year rate down to 3.79%
22 Jul 2019 AMP loses fight over KiwiSaver ad
22 Jul 2019 Southern Cross limits trail commission
21 Jul 2019 A world of declining yields
20 Jul 2019 (The Wrap] The anatomy of the AMP shambles
19 Jul 2019 NZ shares extend gain as passive funds bolster prices; Tourism Holdings climbs
19 Jul 2019 NAB names Ross McEwan new CEO
19 Jul 2019 Low rates for a very long time: Kiwibank
19 Jul 2019 Southern Cross Health Society appoints new strategic advisor
19 Jul 2019 Kiwi takes over NAB; Non-banks react to LVR extensions
19 Jul 2019 It’s all about supply
19 Jul 2019 Hatch's egg grows
19 Jul 2019 RBNZ says no change in approach on Resolution Life's AMP purchase
18 Jul 2019 NZX50 hits record as yield stocks remain in vogue
18 Jul 2019 New BDM lands at Resimac
18 Jul 2019 Mum & Dad investors on the rise
18 Jul 2019 ASB commission changes; Two banks downgraded; New video
18 Jul 2019 Join the Loan Market Highland Park team
18 Jul 2019 ANZ and Westpac credit rating outlooks downgraded to 'negative' outlook: Fitch
18 Jul 2019 Extending LVR limits to non-banks "nanny state" idea
18 Jul 2019 Wellness for all
18 Jul 2019 Finely balanced, markets walking a tightrope
17 Jul 2019 NZ shares edge higher in quiet trading; weaker currency buoys exporters
17 Jul 2019 Future actuary rewarded
17 Jul 2019 Big odds on an OCR cut next month; How Auckland housing is changing
17 Jul 2019 Pathfinder-backed KiwiSaver to target gender diversity
17 Jul 2019 ASB changes commission payment system. Will trail comm come?
16 Jul 2019 Shares fall for second consecutive day; AIA, FAP and ATM lead declines
16 Jul 2019 Bachcare charged with misleading consumers
16 Jul 2019 Super City changes enabled by Unitary Plan
16 Jul 2019 Have your say on Super and KiwiSaver
16 Jul 2019 Former ANZ wealth boss joins Pie
16 Jul 2019 Proposals would disrupt business models: Faafoi
15 Jul 2019 AMP share prices takes a big hit; Market down overall
15 Jul 2019 Markets price in 85% chance of rate cut: BNZ
15 Jul 2019 Compliance firm grows
15 Jul 2019 The pace of change, and why it’s important
15 Jul 2019 Changes to quake prone building system
15 Jul 2019 AMP: Resolution Life deal won't go ahead as is
15 Jul 2019 NZ Super Fund books into accommodation
15 Jul 2019 CFP numbers predicted to lift
14 Jul 2019 Southern Cross creates new role for top adviser
12 Jul 2019 Mixed day on sharemarket; Trustpower leads decliners; Summerset biggest improver
12 Jul 2019 New identity for Iress
12 Jul 2019 [The Wrap] Woes continue for ANZ
12 Jul 2019 Ross investors launch action against ANZ
12 Jul 2019 Shining the light on unit titles
12 Jul 2019 Five year low for sales
12 Jul 2019 UK experience a lesson in liquidity risk
11 Jul 2019 Insurers put spotlight on conduct processes
11 Jul 2019 NZ stocks rise on interest rate outlook; dairy shares gain
11 Jul 2019 A narrative to take markets higher
11 Jul 2019 Licensing 'progressing as intended'
10 Jul 2019 A2 drives market higher after upgrade
10 Jul 2019 Mixed post peak value bag - REINZ
10 Jul 2019 Possible LVR restrictions for non-banks mooted
10 Jul 2019 COMMENT: Loss ring-fencing ups war on renters & owners
10 Jul 2019 Here's how to boost your business value
10 Jul 2019 Insurers rethink agreements
09 Jul 2019 NZ shares fall as prospect of smaller US rate cut knocks yield stocks
09 Jul 2019 Non-banks may face LVR speed bumps
09 Jul 2019 Responsible investment uptake highest in NZ: RIAA
09 Jul 2019 UK Pension Transfer Service Insight
09 Jul 2019 FMA told to tweak guidance on complaints handling
09 Jul 2019 Open Polytech offers new financial advice courses
08 Jul 2019 NZ shares dip; Summerset sales fall short of expectations
08 Jul 2019 OCR below 1% increasingly likely: Kiwibank
08 Jul 2019 ComCom takes Ronovationz to court
08 Jul 2019 More SBS rate cuts; Warning on regulation
08 Jul 2019 Advisers ask: Should we have to pay for licensing help?
05 Jul 2019 Fonterra Fund recovers; the chase for yield continues
05 Jul 2019 Getting end of tenancy clean ups right
05 Jul 2019 Compliance costs difficult under new regime: Shanks
05 Jul 2019 Those who benefit should pay
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.
12 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.
15 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