GoodReturns
Archive - 2023
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
December 2023
31 Dec 2023 Coming into land in 2024
29 Dec 2023 5th worst year for NZX50 in 15 years
29 Dec 2023 NZ sharemarket looking to end the year up, despite soft retail data
23 Dec 2023 Wishing you the best
22 Dec 2023 Market closes on sour note from Synlait Milk
22 Dec 2023 Paul Gregory to leave FMA
22 Dec 2023 Three risks we are thinking about for 2024
21 Dec 2023 End-of-year rally for shares continues
21 Dec 2023 Big shake up at NZFSG
21 Dec 2023 Christmas cheer?
21 Dec 2023 Will the 60/40 classic portfolio return to form in 2024?
20 Dec 2023 NZ sharemarket dips in wake of govt announcements
20 Dec 2023 Orr fronts up to new Govt: TMM Conference tickets available
20 Dec 2023 FSC cancels major conference
20 Dec 2023 RBNZ: record immigration may mean rates stay high for longer
20 Dec 2023 Liberty sells real estate business
20 Dec 2023 [GRTV] Three to four fund sweet spot with multi manager KiwiSaver
20 Dec 2023 PGI switches unit holders to climate-indexed approach
19 Dec 2023 NZ sharemarket firms ahead of mini-budget and economic update
19 Dec 2023 Jarden views investment banking and wealth management as “a dis-synergy”
19 Dec 2023 No waiting – OCR cuts expected next year
18 Dec 2023 NZ sharemarket listless on light trade
18 Dec 2023 Fisher Funds partners with NZX Wealth Technologies
18 Dec 2023 Finsure plans an aggressive pitch for NZ mortgage advisers
18 Dec 2023 Listings surge and prices up
18 Dec 2023 New currency-hedged ethical fund from Betashares
18 Dec 2023 Finsure plans an aggressive pitch for NZ mortgage advisers in 2024
15 Dec 2023 NZ sharemarket flat but more than $300m changes hands
15 Dec 2023 Ex-mortgage adviser pleads guilty to further dishonesty offences
15 Dec 2023 Former mortgage adviser pleads guilty to further dishonesty offences
15 Dec 2023 Big payday coming for Harbour on top of FirstCape merger
14 Dec 2023 NZ sharemarket reaches 14 week high
14 Dec 2023 New Zealand GDP in reverse, OCR cuts may dominate next year
14 Dec 2023 OCR rates cuts should dominate next year
14 Dec 2023 Christchurch FAP cops criticism from the FMA
14 Dec 2023 Jarden, NAB form FirstCape including Harbour
14 Dec 2023 Listed companies beef up retail investor relations with new portal
13 Dec 2023 NZ sharemarket rises as Auckland airport shares lift off
13 Dec 2023 Stress on mortgage advisers high
13 Dec 2023 Mortgage advisers more stressed that others
13 Dec 2023 Mounting migration means more demand and pressure
13 Dec 2023 Partners names new CEO to replace Naomi Ballantyne
13 Dec 2023 Asteron sees good growth in employee insurance segment
13 Dec 2023 Housing market still at a low ebb despite lift in sales
13 Dec 2023 BIG to govt: the FMA should redirect focus to high-risk areas
12 Dec 2023 Shares dip as investors await US data
12 Dec 2023 Debt-to-income still in the melting pot
12 Dec 2023 Southern Cross fills sales role
12 Dec 2023 Advisers' mental health improves but still concerning
12 Dec 2023 DTIs still in the melting pot
12 Dec 2023 Bond funds added to Kernel suite
11 Dec 2023 NZ sharemarket slips as Rakon shares rocket
11 Dec 2023 Animal spirits - global stock markets have closed out their best month in several years, but can the rally continue?
11 Dec 2023 Platinum appoints new chief executive
11 Dec 2023 Hugh Stevens buys the iSelect Uk pensions advice business
11 Dec 2023 Permanent stop order made against financial adviser
11 Dec 2023 Emotional harm award to tenant after power and water cut off
09 Dec 2023 [OPINION] What I would like to see in 2024
08 Dec 2023 NZ sharemarket closes the week flat
08 Dec 2023 ChatGPT, the Magnificent Seven, Ozempic, and Higher-for-longer
08 Dec 2023 Squeeze on all over the economy
08 Dec 2023 Lindsay learns the benefits and pitfalls of the product he sold for 52 years the hard way
08 Dec 2023 Shuttered FAP owes around $8 million
07 Dec 2023 NZ sharemarket lifts into positive territory for the year
07 Dec 2023 Haakie to move on
07 Dec 2023 Apartment market takes a dive
06 Dec 2023 NZ sharemarket close to wiping out its deficit for the year
06 Dec 2023 Kelvin Davidson takes a deep dive into the mortgage market stats
06 Dec 2023 Ten things to know about mortgage debt
06 Dec 2023 [GRTV] Get the country’s under insurance back on the agenda
06 Dec 2023 Auckland housing market rebounding
06 Dec 2023 Most of the NZX 50 now links top exec pay to ESG
05 Dec 2023 NZ shares drift as Aussie central bank holds rates while talking tough
05 Dec 2023 ANZ names new CIO
05 Dec 2023 Forsyth Barr buys Hobson Wealth to create $30b in funds under advice
05 Dec 2023 Mostly passive AMP Wealth gets active with climate impact fund
05 Dec 2023 More new high growth funds launched
05 Dec 2023 RBNZ tough talk questioned: Give us a breather FANZ says
05 Dec 2023 Financial Advice NZ wants new govt to give advisers a breather
05 Dec 2023 Market doesn't believe RBNZ's tough talk
05 Dec 2023 Tenant left with damages bill despite not being responsible
04 Dec 2023 NZ sharemarket flat as index newcomers shine
04 Dec 2023 NZ Super Fund appoints acting CEO
04 Dec 2023 Interest-only loans spurned as mortgage arrears increase
04 Dec 2023 Private landlords should be included in bill – Property Brokers
01 Dec 2023 Asteron Life takes out top gong for 4th time
01 Dec 2023 NZ sharemarket ends first day of summer on a positive note
01 Dec 2023 Sustainable investment grows down under
01 Dec 2023 Lessons Charlie Munger taught businesses
01 Dec 2023 OCR assumptions don’t add up
November 2023
30 Nov 2023 NZ sharemarket rallies with $670m turnover on index changes
30 Nov 2023 RBNZ dashes hope of 2024 interest rate cut; Record immigration to blame
30 Nov 2023 Too expensive and wrong – new property manager regulations needed
30 Nov 2023 Record immigration to blame for rates staying higher for longer: RBNZ
29 Nov 2023 Reserve Bank casts shadow over NZ sharemarket
29 Nov 2023 RBNZ dashes hope of 2024 interest rate cut
29 Nov 2023 BREAKING: OCR held, but comes with a warning
29 Nov 2023 OCR held, but comes with a warning
29 Nov 2023 Remove CCCFA red tape
29 Nov 2023 Mortgage lending should be removed from CCCFA
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.
15 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.
17 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