GoodReturns
Archive - 2005
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December 2005
30 Dec 2005 New president for society
29 Dec 2005 Superbank says business as usual
29 Dec 2005 Fisher looks to close discount
28 Dec 2005 News Round Up
22 Dec 2005 Curtin reappointed to Commerce Commission
22 Dec 2005 St Laurence buys stake in Northplan
22 Dec 2005 Gender specific insurance introduced
22 Dec 2005 BNZ's home loan market share down
21 Dec 2005 Weekly Wrap: Adviser Regulation
21 Dec 2005 Securities Commission to regulate advisers
21 Dec 2005 Superbank reviewing its New Zealand business
20 Dec 2005 Floating rates rise, but some others fall
20 Dec 2005 FPIA name to go
19 Dec 2005 AIA makes three new appointments
19 Dec 2005 News Round Up
17 Dec 2005 APB's - What's the rush?
16 Dec 2005 House price surge marches on
16 Dec 2005 Comment: Why global diversification is good
16 Dec 2005 AMP sets up para-planning service
15 Dec 2005 St Laurence offer opens
15 Dec 2005 Mike Pero independent directors says don't sell
15 Dec 2005 Morningstar appoints new NZ manager
15 Dec 2005 Controversial changes to tax rules may be postponed
14 Dec 2005 FPIA Auckland branch meeting
14 Dec 2005 ASB winning mortgage war
14 Dec 2005 PAA looks at becoming an APB
13 Dec 2005 Finance company merger planned
13 Dec 2005 Warrington leaves Westpac
13 Dec 2005 Lenders slow to hike rates
13 Dec 2005 Money Managers wins commission case
13 Dec 2005 Reserve Bank predicts house price fall
12 Dec 2005 Two offers extended
12 Dec 2005 Building societies agree to merge
12 Dec 2005 News Round Up
11 Dec 2005 Kiwi investor win heralds changes
11 Dec 2005 Double hit for home owners
11 Dec 2005 Aussies moving on NZ property
11 Dec 2005 Tasman property values up 72pc
11 Dec 2005 Getting the Porsche
10 Dec 2005 Residential market remains buoyant
10 Dec 2005 Residential market remains buoyant
09 Dec 2005 A listing and a merger
08 Dec 2005 Greg Muir joins Hanover
08 Dec 2005 Monetary Policy Statement
08 Dec 2005 Adviserlink Understanding Financial Reports
08 Dec 2005 NZMBA regional visits
08 Dec 2005 Bollard raises rates but talks less tough than expected
08 Dec 2005 Reserve Bank increases OCR to 7.25%
08 Dec 2005 Commission levels looked at
07 Dec 2005 Adviserlink Understanding Financial Reports
07 Dec 2005 NZMBA regional visits
07 Dec 2005 International markets to settle down: Leckie
06 Dec 2005 Anderson leaves Money Managers
06 Dec 2005 Wanted!! Fantastic Mortgage broker
06 Dec 2005 Batty moves to planning role
06 Dec 2005 Eyes turn to RBNZ announcement
06 Dec 2005 Northplan launches its own asset management service
05 Dec 2005 Market Review: The year of the balanced fund
05 Dec 2005 More thoughts on finance company research - or so called research
05 Dec 2005 Valuations could see rates hike
05 Dec 2005 Property problems: Commercial investment needs careful work
05 Dec 2005 Stick to rules, old hand warns new landlords
05 Dec 2005 Top month for listed property
05 Dec 2005 First-time house buyers delay the dream
05 Dec 2005 News Round Up
04 Dec 2005 Survey highlights need for life insurance
04 Dec 2005 Rate rise widely expected this week
02 Dec 2005 FPIA Hawkes Bay branch function
02 Dec 2005 FPIA Southland golf day
02 Dec 2005 Bluechip buys broker
02 Dec 2005 IRD reassures industry
02 Dec 2005 UK follows NZ lead on retirement income
02 Dec 2005 Tax breaks for health insurance on agenda
01 Dec 2005 Finance companies shoring up for tougher times
01 Dec 2005 Apartments lead fall in new building consents
01 Dec 2005 AXA picks up BNZ Investment Management
November 2005
30 Nov 2005 Capital protected income fund arrives
30 Nov 2005 Westpac holds its ground
30 Nov 2005 First New Zealand, then the world: local wrap wins mega deal
29 Nov 2005 ING's new client manager
29 Nov 2005 NZMBA regional visits
29 Nov 2005 Absolute Capital to launch PINs product In New Zealand
29 Nov 2005 Rate rise expectations anchored
29 Nov 2005 Absolute Capital rolls out capital protected fixed interest fund
28 Nov 2005 NZMBA regional visits
28 Nov 2005 News Round Up
28 Nov 2005 Strategic's rating confirmed
28 Nov 2005 TSB's market share dips
25 Nov 2005 Fixing one of planning's big problems
25 Nov 2005 FPIA BOP branch meeting
25 Nov 2005 Tower looks to other channels
25 Nov 2005 Richard Flinn joins BT Funds
24 Nov 2005 Under-insurance becoming major issue: Minto
24 Nov 2005 Lifestyle properties still selling strong
24 Nov 2005 Inner-city apartment dweller myths dispelled
24 Nov 2005 Seven ways to wealth
24 Nov 2005 Make a mint from commercial properties
24 Nov 2005 National exposes 'loophole' in interest-free student loans
24 Nov 2005 Watchdog sniffs around Kiwi Income unit deals
24 Nov 2005 ING Property Trust reports $14.3m half year profit
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.
23 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