GoodReturns.co.nz - Blog

Our Goal: To Help You

Thu, 07 Mar 2024 17:32:00 +1300

One of our goals at Good Returns is to continuously evolve our news and comment so it can best help advisers. Here are some new features we are adding.

OPINION: Wholesale investor regime no loophole

Fri, 04 Dec 2020 13:43:00 +1300

Paua Wealth chief risk officer Jude Pereira says the wholesale investor regime is not a “loophole” as some in the media have suggested.

[The Wrap] Promoting the value of advice

Fri, 24 Jul 2020 18:55:00 +1300

It was somewhat of a surprise to read a piece this week about one of the industry leaders talking about her own financial advice journey.

Product commission – Is it justified?

Fri, 22 Feb 2019 10:11:00 +1300

Should you be concerned about commission when arranging your insurance? With recent media commentary following the Reserve Bank and Financial Markets Authority paper, the way in which insurers remunerate or incentivise their staff and advisers has been raised around industry’s culture and conduct.

[The Wrap]

Fri, 18 Jan 2019 14:07:00 +1300

For those of you back on deck, welcome back. 2019 will, I think I can boldly predict, be an interesting year with many challenges for the financial services industry.

[The Wrap] Gotta love disruption; New life for old war horse; What we weren't meant to tell you about

Fri, 27 Jul 2018 14:31:00 +1300

There's been a theme of disruption to financial services this week, and it's one worth keeping an eye on. While new ways of doing things have been in the news, so to is the future of an old warhorse. And of course the week wouldn't be complete without more discussion on the proposed new code of conduct for financial advisers.

[OPINION] What is the future for AMP?

Tue, 08 May 2018 13:06:00 +1300

[Opinion] The future of advice is at risk

Mon, 23 Apr 2018 07:43:00 +1300

In my 30-odd years covering this financial services I don't think there has ever been a more important time for the future than right now.

[Opinion] Four simple steps to a new code

Tue, 03 Apr 2018 15:32:00 +1300

Lest anyone think we are always negative, the Board of SIFA wants to put forward a simple alternative framework for the Code development. It merges a submission SIFA has made to the Select Committee on FSLAB with a proposal we had made earlier at a Stakeholder Engagement Group meeting in Wellington.

[Opinion] Serious concerns over Code Working Group behaviour

Mon, 26 Mar 2018 13:05:00 +1300

Advisers should be worried about what is happening with the Code Working Group. It's meant to be consulting with the industry but is trying to gag Good Returns and others.

Introducing Good Returns TV

Fri, 27 Oct 2017 08:30:00 +1300

In this little video Philip Macalister explains how you can use Good Returns TV to promote your products and services.

The start of a new era in financial planning

Thu, 03 Aug 2017 07:52:00 +1300

The creation of Financial Advice New Zealand today is being hailed as the start of a new era in financial planning.

Robo exemption a win for big providers

Mon, 31 Jul 2017 05:59:00 +1300

Former FMA senior solicitor Simon Papa considers plans to allow roboadvice ahead of the law changes.

The key ingredient for success

Tue, 18 Apr 2017 10:22:00 +1300

After more than 25 years of working with, and observing, membership organisations there is one major factor which determines the success or failure of the association.

Let's get these adviser rules right

Tue, 14 Mar 2017 09:53:29 +1300

It's been a couple of weeks since the Exposure Draft of the proposed new financial adviser legislation was released and something funny has happened. Lots of people in the financial advice sector agree on things.

MBIE missed the mark

Fri, 03 Mar 2017 05:59:00 +1300

Andrew Gunn asks: Why are we okay with the idea of an unqualified workforce?

First thoughts on a new adviser association

Tue, 14 Feb 2017 15:05:00 +1300

NZ needs clearer fintech strategy

Thu, 02 Feb 2017 05:59:00 +1300

We are falling behind internationally, argues Simon Papa.

Back to the novel for holiday reading

Fri, 02 Dec 2016 15:10:00 +1300

I thought every financial advisers’ holiday reading this summer would be a copy of the Exposure Draft of the revised Financial Advisers Act.

Robo not just for investment

Wed, 09 Nov 2016 06:00:00 +1300

Changes to law and technology pose a substantial threat to traditional risk insurance advisers - an effective response mean embracing substantial, rapid and sometimes difficult change, writes lawyer Simon Papa, who was formerly a senior solicitor at the FMA.

Advisers tackle client-first question

Fri, 28 Oct 2016 05:59:00 +1300

A very useful session of industry commentators was held last week at a forum initiated by the IFA and PAA on the contentious subject of “putting the interests of the client first” versus “acting in the best interests of the client”, writes IFA chief executive Fred Dodds.

How the west was(n't) won

Sat, 10 Sep 2016 18:00:00 +1300

What are your big questions about insurance?

Wed, 17 Aug 2016 15:12:00 +1300

ASSET Magazine will, tomorrow, be running its Life Insurance Round Table session. We would like to offer you the chance to submit your questions for the panelists.

[OPINION] Proposed two-tier system has major flaws

Tue, 19 Jul 2016 17:01:00 +1300

IFA Manager, Member Learning & Development Andrew Gunn says the FAA proposals have some laudable aspirations however it has a major loophole which benefits QFEs.

A little competition to end the week

Fri, 01 Jul 2016 16:27:00 +1300

A little competition to clearly see what Financial Advice New Zealand is all about and what you are not allowed to call the proposed new body.

Nice 5th birthday present for Partners Life

Tue, 31 May 2016 08:56:00 +1300

Partners Life has just been given a cheque for its fifth birthday and it's a pretty big one - $200 million.

Battle lines clearly drawn

Tue, 26 Apr 2016 15:02:00 +1300

Players in the financial advisory industry have revealed their hands in their submissions on the Financial Advisers Act Review Options Paper.

Share sale may help Kiwibank get back market share

Sat, 09 Apr 2016 13:52:00 +1300

Much of the discussion around the sale of 45% of Kiwibank to the NZ Super Fund and Accident Compensation Corporation has been around politics and this of state asset sales. This post is about what it means for Kiwibank why the deal is probably a good idea.

Where are the RFAs?

Tue, 15 Mar 2016 05:59:00 +1300

There’s a common piece of advice that gets handed around to people who write news stories or blogs online: Don’t read the comments. But in this case, especially if you are an RFA you should read them.

FSC collapse spectacularly bad timing

Mon, 29 Feb 2016 12:00:00 +1300

Could the Financial Services Council have picked a worse time to fall apart?

[Carey Church] Time to widen debate on FAA Options paper

Wed, 27 Jan 2016 12:46:00 +1300

In this guest Blog Hamilton-based adviser Carey Church says MBIE have put up many good ideas in its Options Paper on the review of the Financial Advisers Act, but much of the debate about the options has been on just one topic.

Focus on what's important in 2016

Wed, 30 Dec 2015 06:00:00 +1300

Advice industry needs to start the new year on the right foot, writes Institute of Financial Advisers chief executive Fred Dodds.

MJW missed their chance

Tue, 24 Nov 2015 06:00:00 +1300

Michael Naylor, of Massey University, unpicks the Melville Jessup Weaver report into life insurance distribution.

MJW report scores a D

Mon, 23 Nov 2015 06:44:00 +1300

[OPINION] Despite all the money spent on the MJW report and all the discussion the authors had with people in the life insurance industry its conclusions are flawed. Unfortunately though some may take the findings seriously.

The time is up for the FSC

Thu, 12 Nov 2015 07:22:00 +1300

[OPINION] The Financial Services Council is dead and its chief executive Peter Neilson should resign.

FSC must fix its own ructions before it can fix industry

Wed, 04 Nov 2015 12:00:00 +1300

There probably aren't many people who would want to be in the Financial Services Council's shoes right now.

What is the problem the FAA is trying to fix?

Fri, 03 Jul 2015 11:39:00 +1300

As the review of the Financial Advisers Act slowly rolls on we have had a few interesting reports come out. Here I take stock of what we’ve learnt so far.

Is the FMA looking in right places?

Fri, 19 Jun 2015 09:29:00 +1300

Ever since news broke that the FMA was investigating Milford Asset Management over market manipulation allegations I’ve said there can’t be smoke without fire.

Fund research options disappear for AFAs

Tue, 28 Apr 2015 09:12:00 +1300

News that FundSource has all but closed down its research operations in New Zealand spells bad news for AFAs.

Research houses agree on something - a winner

Tue, 10 Mar 2015 18:46:00 +1300

This blog runs the risk of being seen as a little sycophantic – I hope it isn’t taken that way. It's genuine, as you will find out at the end.