GoodReturns
Archive - 2023
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June 2023
06 Jun 2023 New data shows steep declines in new mortgage lending
06 Jun 2023 Insync formalises partnership with VC firm
06 Jun 2023 Policy polarisation impact on mortgage adviser and property investor vote
06 Jun 2023 Tenant who never resided at rental still liable for damages
05 Jun 2023 Other lawyers note uptick in FMA information orders
02 Jun 2023 Investors take an early long weekend as the NZX drifts
02 Jun 2023 FANZ's newest board member has a rich background
02 Jun 2023 Acton-Adams returns to Astute
02 Jun 2023 [GRTV] Ballantyne on lows, highs and switching exits
02 Jun 2023 FMA denies step-up in information, confidentiality orders
01 Jun 2023 NZ sharemarket rises as US debt issues sorted
01 Jun 2023 FMA pings another insurer for overcharging
01 Jun 2023 No good fixing long term at the peak
01 Jun 2023 Kiwis getting used to high interest rates but warned not to fix for long
01 Jun 2023 Chubb Life increases rates to underlying premiums
01 Jun 2023 Property prices fall at slower rate as trough is close
May 2023
31 May 2023 Nearly $1b changes hands on NZX as indices rebalance
31 May 2023 First home buyers back in action
31 May 2023 Second court appearance for fund manager accused of assault
31 May 2023 SBS's profit down, but FHB lending up
31 May 2023 Fidelity waives fees on eligible policies
31 May 2023 SBS home loans, redeemable share dividends, jump as profits fall
31 May 2023 Running backwards into a housing deficit again
31 May 2023 Don Stewart retires after a half century of financial advice
30 May 2023 NZ market tumbles as latest reporting season ends
30 May 2023 How much you need in today's market to avoid mortgage stress?
30 May 2023 Huge chunk of income needed for average house
30 May 2023 Ashley Bloomfield joins up with Southern Cross
30 May 2023 Interest rate changes top priority for investors
30 May 2023 The single biggest challenge with existing policies
30 May 2023 Life industry grapples with Level 5 stragglers
29 May 2023 US debt deal boosts NZ sharemarket
29 May 2023 Milford appoints new head for bond funds
29 May 2023 OCR forecasts - Not over yet
29 May 2023 Not over yet
29 May 2023 Financial advice career pulling a younger crowd
26 May 2023 Market heavyweight drags NZX 50 down
26 May 2023 AIA awarded Accessibility Tick
26 May 2023 Ballantyne announces her future plans
26 May 2023 No division in RBNZ, Orr says; LVR easing confirmed
26 May 2023 RBNZ details eased LVR restrictions
26 May 2023 Financial advisers face greater expectations around ethical investing
25 May 2023 Sharemarket flat as Mainfreight slips
25 May 2023 RBNZ's Orr says committee isn't divided
25 May 2023 Merx Wholesale 1 PIE Fund: Investing alongside our investors
25 May 2023 OCR won’t impact the general election
25 May 2023 Investors coming off the fence
24 May 2023 Investors lift shares after a less hawkish Reserve Bank outlook
24 May 2023 nib launches into life
24 May 2023 OCR could be on hold from now on
24 May 2023 BREAKING: RBNZ raises OCR by just 25 bps
24 May 2023 OCR Announcement: What the Reserve Bank said
24 May 2023 World of pain coming and landlords give up
24 May 2023 Open letter to Reserve Bank not to raise the OCR
24 May 2023 Retail on the tipping point
23 May 2023 Stock investors wait on monetary policy decisions
23 May 2023 RBNZ survey shows households continue to feel glum
23 May 2023 FMA files criminal charges over alleged fake FAP licence
23 May 2023 [OPINION] No-cause terminations not the answer
23 May 2023 Households outlook glum but slightly less so
23 May 2023 New course to improve complaint resolution
23 May 2023 Public Trust adds new portfolio manager
23 May 2023 ASIC touts greenwashing tally, FMA responds
23 May 2023 Fish hooks in Insurance contract law review
22 May 2023 Investors worry about interest rates – NZX50 droops
22 May 2023 Navigating the tough housing market: Opportunities and responsibilities for financial advisers
22 May 2023 AIA appoints new head of ASB Partnership
22 May 2023 The questions landlords rarely ask
22 May 2023 Wealth, the OCR and migration
22 May 2023 Aussie giant comes to shake up ETF market
19 May 2023 Ryman helps market to highest close in three months
19 May 2023 Avanti Finance gets chief risk officer
19 May 2023 Borrowers shying away from too much debt
19 May 2023 Hitting the Ceiling
19 May 2023 Partners Life in renewed push of Evince online advice tool
18 May 2023 Sharemarket droops after budget revealed
18 May 2023 OCR to stay higher for longer and falling house price deepen - Treasury
18 May 2023 Budget boost addresses gender imbalance on KiwiSaver
18 May 2023 No lolly scramble for landlords
18 May 2023 Voting, engagement get breakdown in Harbour sustainability report
18 May 2023 Another bank joins OCR fray
18 May 2023 Real demand out there for non-bank business lending
18 May 2023 Growing demand for non-bank business lending
18 May 2023 Reminder to check property tax status
18 May 2023 Catch 22 – Inflation vs. Earnings
17 May 2023 Retirement village stocks show signs of life
17 May 2023 Investors buying power plunges
16 May 2023 NZ sharemarket worried by inflation and rising interest rates
16 May 2023 Westpac economists forecasting peak official cash rate hit 6%
16 May 2023 Two face Serious Fraud Office charges over alleged Ponzi scheme
16 May 2023 Eye of the storm
16 May 2023 New Regime, New Thinking
16 May 2023 National Capital serves first KiwiSaver rating report
15 May 2023 Cautious start to NZ sharemarket week, Synlait and A2 tumble again
15 May 2023 Talk to a mortgage adviser : advice for stressed homeowners
15 May 2023 Canstar tells stressed homeowners to talk to a mortgage adviser
15 May 2023 The end of the housing cycle
15 May 2023 T Rowe Price impact fund favours engagement over exclusion
13 May 2023 Your digital copy of TMM: How useful is ChatGPT for advisers?
12 May 2023 NZ sharemarket closes week with near 0.5% gain
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.
22 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.
1 day 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.
3 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…
3 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