GoodReturns
Archive - 2019
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December 2019
31 Dec 2019 Hot demand in Hawke’s Bay
27 Dec 2019 NZ shares fall as blue chips take a breather; Metlife buoys retirement sector
27 Dec 2019 COMMENT: Off-the-plan investing in 2020
27 Dec 2019 Five things to look out for in 2020
24 Dec 2019 Retirement village shares feature in subdued Christmas trading
23 Dec 2019 NZ shares gain; retirement village operators buoyed by M&A
23 Dec 2019 The perils of leaving insulation late
21 Dec 2019 NZ Funds grows its UK pension transfer team
21 Dec 2019 UDC debenture programme all paid out
20 Dec 2019 Record year beckons for NZ shares; index reweighting drives big volume
20 Dec 2019 [The Wrap] Slow change coming
20 Dec 2019 Mortgage lending peaks in November
20 Dec 2019 Bachcare convicted of misleading consumers
20 Dec 2019 Craigs buys back Deutsche stake
20 Dec 2019 TSB rate changes; Are the odds of another OCR cut falling?
20 Dec 2019 Milford rolls out KiwiSaver advice
19 Dec 2019 Southern Cross launches advisory group
19 Dec 2019 Sharemarket extend gains; Metlifecare knocks back takeover bid
19 Dec 2019 Chances of OCR cut not high: Alexander
19 Dec 2019 More changes in fund research market
19 Dec 2019 SFO starts investigation into East Wind
19 Dec 2019 Investor confidence high; New CEO at ANZ
19 Dec 2019 Commercial confidence at three year high
18 Dec 2019 MBIE urges caution for FAPs engaging multiple advisers
18 Dec 2019 NZ shares march higher as holiday trading takes hold
18 Dec 2019 Strong market upturn picked for 2020
18 Dec 2019 Watson appointed ANZ New Zealand CEO
18 Dec 2019 Kiwibank and SBS near FAP licensing decision; Non-bank lending soars
18 Dec 2019 Kiwibank and SBS near FAP licensing decision
17 Dec 2019 Advisers: Licence process simple, but not many have done it
17 Dec 2019 Sharemarket plays catch up after yesterday’s outage
17 Dec 2019 ANZ's chair Gonski delivers a mea culpa to shareholders
17 Dec 2019 [GRTV] Lessons from Harbour's first 10 years
17 Dec 2019 Non-bank lending soars
17 Dec 2019 Partners Life criticises Vitality
17 Dec 2019 Share your views on property investing
17 Dec 2019 Economists revise OCR outlook
16 Dec 2019 Ross parole: Investors emotional
16 Dec 2019 New boss at BNZ private bank
16 Dec 2019 Consilium appoints head of wrap platform solutions
16 Dec 2019 NZ shares dip as NZX outage stops trading early
16 Dec 2019 Economists revise OCR outlook
16 Dec 2019 New infrastructure funding tool announced
16 Dec 2019 Westpac, BNZ rate increases; Resimac asset finance deal
16 Dec 2019 Resimac moves into asset finance
15 Dec 2019 Problems identified with custody arrangements
13 Dec 2019 Z Energy sinks on profit warning
13 Dec 2019 Reserve Bank demands improvements from ANZ; Record house prices
13 Dec 2019 Record prices see upturn gathering pace
13 Dec 2019 Bill tabled that will bring new conduct rules for financial institutions
12 Dec 2019 Infrastructure spend buoys investors; Bellweather stock rises
12 Dec 2019 Reserve Bank demands improvements from ANZ
12 Dec 2019 My wildly unhelpful prediction …
12 Dec 2019 How advisers conquered Australia; best mortgage options over the next 5 years
12 Dec 2019 Who loves apartments the most
12 Dec 2019 Home a-loan this Christmas
12 Dec 2019 Home a-loan this Christmas
12 Dec 2019 Short term the cheapest option over next five years: ASB
11 Dec 2019 NZ shares nudge higher; ports gain ahead of Northport study
11 Dec 2019 Earnings deliver, trade fears fade
11 Dec 2019 nib and Cigna join forces
11 Dec 2019 Partners Life tweaks policies
11 Dec 2019 High rents the new normal
11 Dec 2019 ASB and Westpac delay licensing decision
11 Dec 2019 ASB and Westpac delay licensing decision
11 Dec 2019 [GRTV] Harbour Asset Management – Andrew Bascand
11 Dec 2019 Platform wars heat up
11 Dec 2019 Investment ahead for Aegis
10 Dec 2019 NZ shares rise as A2 recovers
10 Dec 2019 Defining “clean and tidy”
10 Dec 2019 HealthLink and Konnect NET to merge
10 Dec 2019 SHARE becomes mortgage aggregator
10 Dec 2019 SHARE becomes mortgage aggregator
10 Dec 2019 Half of CBL investors join Harbour-led class action case
10 Dec 2019 COMMENT: Landlords obligations to tenants
09 Dec 2019 Salt reopens fund
09 Dec 2019 Link launches micro-investing app
09 Dec 2019 MBIE expects advisers to bear costs of regime change
09 Dec 2019 A2 CEO’s shock exit weighs on stock market
09 Dec 2019 A2 Milk boss steps down, NZSA says board must be held to account
09 Dec 2019 Buyer sentiment at seven year high
09 Dec 2019 Warning on borrowing rates; Kiwibank rate rise
09 Dec 2019 Warning on borrowing rates
09 Dec 2019 CEO of health insurer stepping down
09 Dec 2019 Clients expect deep RI understanding: Kiwi Wealth
06 Dec 2019 NZ shares edge higher as US-China trade talks drag on
06 Dec 2019 Putting the RBNZ's new capital rules into perspective
06 Dec 2019 [Opinion] Putting the RBNZ's new capital rules into perspective
06 Dec 2019 Putting RBNZ's new capital rules into perspective
06 Dec 2019 Advisers share top concerns
06 Dec 2019 Has property had its day in the sun?
05 Dec 2019 Low emissions, higher value, report suggests
05 Dec 2019 Proposed changes should help industry, insurers say
05 Dec 2019 Banks rally on Reserve Bank capital decision
05 Dec 2019 Reserve Bank reveals new capital rules
05 Dec 2019 OCR to fall less than expected?; Property Investor Survey
05 Dec 2019 Transfer times and why they matter
05 Dec 2019 OCR to trough at 0.75%: ASB
04 Dec 2019 BNZ Investments mints new independent director
04 Dec 2019 [GRTV] Apathy still reigns amongst advisers
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.
6 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.
9 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".
2 days ago Paul Flood