tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, August 10th, 5:09PM

Blogs

rss
Latest Headlines

Regulator on the road: Reflecting on professionalism

Tuesday, March 1st 2011, 4:03PM 1 Comment

by FMA

Regulation alone doesn't make people professional. It has to come from within.   That's a message we've been emphasising a lot to the adviser industry in recent months as we explain how principles based regulation will work in practice. I witnessed a fabulous example of professional instinct on Friday when I took a call from 'Mary', a Christchurch adviser getting ready to apply for an AFA licence. I've called her Mary to protect her privacy. Mary explained that physically she was OK but that her CBD office was trashed. Her client files were in there. Her nearly completed Set C file and ABS were in there. She was in the midst of her Set D study and still needs to arrange for two of the required three testimonials. Mary doesn't want to go back into her office and doesn't yet know when or if she'll be allowed to. As we talked she also said she was dealing with illness in her family. Understandably Mary hadn't had the luxury of reading blogs or online news since Tuesday so had no idea that the Securities Commission, ETITO and the professional bodies had all signalled help and flexibility. Mary was worried about meeting the regulatory deadlines. But she said she was even more worried about how she would be able to help her clients, many of whom would be especially in need of her help right now. I thought about Mary a lot over the weekend, amazed at how her clients' wellbeing was top of mind for her when she was facing such huge personal challenges. I look forward to being able to do something tangible for Mary in coming weeks to ease the pressure of regulatory deadlines. Mary wasn't the only adviser affected by the quake who called or emailed us on Friday. There will be many more 'Marys' in uniquely challenging situations and I'm confident that we'll be able to help them too.   I'm also confident we'll see many more displays of professionalism in coming weeks as the adviser community rallies to help their Christchurch peers and their clients. Mel Hewitson
« Support the relief army in ChristchurchRegulator on the road: Competency requirements »

Special Offers

Comments from our readers

On 2 March 2011 at 8:04 am Jude Drummond said:
Mel, I attended the IFA Wellington roadshow yesterday (1.3.11) & wanted to email about how I enjoyed your talk.
I am in the process of AFA registration/authorisation & appreciated the information you shared - very relevant & to the point.
I look forward to Sec Comm updates.
Rgds
Jude Drummond
Financial Adviser
Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 5.50 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 ▼3.85 ▼3.95 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 2.55 2.65 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac ▼3.39 3.45 ▼2.99 ▼3.35
SBS Bank 4.54 ▼3.05 3.19 ▼3.25
Lender Flt 1yr 2yr 3yr
SBS Bank Special - ▼2.55 2.69 ▼2.75
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 ▼2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 ▼3.29
TSB Bank 5.34 3.35 3.49 3.79
TSB Special 4.54 2.55 2.69 2.99
Wairarapa Building Society 4.99 3.65 3.69 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.10 3.19 3.12

Last updated: 7 August 2020 5:51pm

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com