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Toolkit for FAP Directors - Shared screen with speaker view
gary Cavaney
21:01
We can hear you fine, here in Sunny Cambridge or rather soon to be Sunny
Kathy Wright-St Clair
21:05
yes
Mark Holtom
21:08
yes
Toni Dodds
21:08
yep
John 021 792 575
21:08
Yes
Lachlan Gunn
21:09
yes
Kevin McLean
21:10
yes
Charlie Lim
21:12
yes
Anita Cheung
21:12
yes
Russell Biggs
21:14
yes
Tina Chen
21:15
Yes
Daniel Smithwood
21:19
yup
Ian Jordan
21:20
yes
Tom Wu
21:20
Yes
Mike Staal
21:20
yes
Andy Phillipson
21:21
Fine here in Lincoln :)
David Cao
21:22
yes
Charlie Lim
21:23
yes
Brett `Dymond
21:24
yes
Roger Gannon
21:28
yes
Anthea Craighead
21:29
Pretty miserable out the window in Auckland too!
Sarah Bloxham
22:00
had coffee!
Mark Holtom
22:03
Latte
Angela Downie
22:05
Mocha!
Nick Hall
22:06
Long black
Emily TSAI
22:07
FW
Adam Ward
22:10
TFW
Daniel Smithwood
22:10
FW
Hayley Kerr
22:11
Flat white :)
Mary Obrien
22:11
triple flat white
Sarah Bloxham
22:13
latte
Moosa Mohammed
22:14
flat white
Neil Henderson
22:15
FW
Russell Biggs
22:17
Flat white
Roger Gannon
22:18
Vanila flat white
Aaron Baker
22:19
long black
Mark Sheehan
22:19
Irish
Tom Wu
22:21
Latte
phil sowman
22:23
flatwhite
Nick Hall
22:25
Espresso martini
Natalie Siebrits
22:27
made by someone else
Ian Jordan
22:29
Nespresso Colombian flat white
Mel Flett
22:30
chai
Elise Vine
23:04
yes
gary Cavaney
23:04
yes
Daniel Smithwood
23:04
yes
Gary Morgan
23:05
Yes
Udita Sood
23:05
yes
Satish Kamath
23:05
Yes
Prakash Rajpal
23:05
Good Morning everyone
Angela Downie
23:05
Yes!
Hayley Kerr
23:06
Yes
Russell Biggs
23:06
No
Lachlan Gunn
23:06
Yes
Tom Wu
23:06
Yes
Sarah Bloxham
23:06
yes
Janet Natta
23:06
Yes
Matthew Beattie
23:06
Yes
Brett `Dymond
23:07
Yes
Ian Jordan
23:07
Yes
Mel Flett
23:07
yes
Anthea Craighead
23:07
yes
Pat Sellars
23:07
yes
Kim Lyons
23:08
yes
Darrin McCormack
23:08
Yes
Emily TSAI
23:08
Yes
Sumita Paul
23:08
Yes
Nigel Elson
23:08
yes
Andrew Kim
23:08
yes
Nick Hall
23:08
yes
Collen Holder
23:09
Yes
Tony Walker
23:09
Yes
Stephen Wescombe
23:09
Yes
Greg Coldicutt
23:10
Yes
Chris Rapson
23:10
yes
Moosa Mohammed
23:10
Yes
Becky Bi
23:10
yes
Nicki Kane
23:11
Yes
Kevin McLean
23:11
Yes
Scott Stokes
23:12
yes
John 021 792 575
23:12
Yes
Karen Smart
23:12
No
ian milligan
23:12
yes
Hus Jeram
23:13
Yes, of my own co
Clinton Stanger
23:13
Director but Authorised Body
Jordi Garcia
23:13
Yes.
steve tutbury
23:13
yes - own company
Natalie Siebrits
23:14
no
Paul Surman
23:14
yes
Mark Atherley
23:14
YES
Roger Gannon
23:14
Yes my ow
David Yates
23:14
Yes own company
Joyce He
23:14
yes
Prakash Rajpal
23:14
yes
Mary Obrien
23:14
yes
Jenny de Boer
23:14
yes
Mario Juran
23:14
Yes
Charlie Lim
23:15
yes
Paul Fuller
23:15
Yes....
Grant Foothead
23:15
yes
Tony Caldwell
23:16
Yes .own companies
John R
23:16
yes
Paul Carrick
23:16
YES
Mike Bennett
23:16
yes
Tina Chen
23:16
Yes, my own
Chris Batisan
23:16
yes
Graeme Ryan
23:16
Director of own
Martin Jago
23:17
yes
Aaron Baker
23:18
No
Vanessa Belton
23:18
yes
phil sowman
23:19
yes
Di Dunn
23:20
Yes
Emma Hall
23:20
No
Anita Cheung
23:21
director yes
Cecilia Farrow
23:22
yes
Kathy Wright-St Clair
23:27
yes
shaojie hou
23:29
yes
Mario Juran
23:34
Yes
Financial Advice New Zealand
25:35
Here is the link to download the workbook https://financialadvice.nz/wp-content/uploads/2021/09/FANZ_Workbook-for-directors-of-FAPS.pdf
Elise Vine
26:33
slides are not showing
Cecilia Farrow
26:50
we cant see your PPT
Jonathan Neal
27:27
Is the slide small for others as well as me?
Jordi Garcia
27:38
slides are too small!
Qihong Zhou
27:42
yes
Jason Kilworth
27:49
yes too small
Mel Flett
27:49
yes can't see slie
Moosa Mohammed
27:51
Leigh, Share slide screen please
Hus Jeram
27:52
same
Kathy Wright-St Clair
28:00
yes we can't see them
Lachlan Gunn
28:01
Change the view setting
Chris Rapson
28:02
click the swap screen button
gary Cavaney
28:04
Could it be the view options
gary Cavaney
28:06
I can see it okay
Mark Holtom
28:09
Very small
Greg Coldicutt
28:14
very small
Bhavesh Manghirmalani
28:15
Double click on the small screen in the top right
Scott Stokes
28:16
you can drag the size bigger
Elise Vine
28:18
we see you big and slide as a tiny image
Tina Chen
28:20
Can't view
Jason Kilworth
28:24
go to top right of small screen
Stewart Laughton
28:24
I can see it good just click on the little screen and change it
Erica Hodgson
28:28
you can also enlarge it to make it easier to read
Andre-Paul Stokes
28:31
swap screen
Mel Flett
28:38
Yep that fixed it
Andy Phillipson
28:38
All good here
Hus Jeram
28:44
yep, fixed
Elise Vine
28:54
fixed thanks
Heath Cleland
41:08
Where do I locate the workbook please ?
Katrina Shanks
44:01
Click on the link in the chatroom or it was emailed to you this am
Maree Gordon
45:41
Hi,
Maree Gordon
45:59
How can you get a mentor? Non adviser.
Katrina Shanks
47:20
MoBIE have a programme for business mentors. If you go to their website you will see how to access the programme.
Clinton Stanger
47:24
For a sole adviser, how many outside board members (preferably advisory board members)might be appropriate?
Katrina Shanks
48:28
It depends on the skills which you have identified where there is a gap...
Stephen Wescombe
50:58
Are these meeting for between directors or with the staff of the business? Or both
Katrina Shanks
52:38
It depends. If you have specialised staff like an accountant they might be involved in all or some of the meeting. Staff is good to have on board for the strategy so you are all going in the same direction.
Prakash Rajpal
58:01
So basically sole adviser are out of market
Jon-Paul Hale
58:56
The H&S structure uses a similar risk matrix. If we utilise this as the approach we have consistency across both regulated areas and we have less confusion when people look at one or the other.
Garth Clarricoats
58:58
It's also about what happens next... What steps are taken if the person/activity being held to account is NOT modified?
Andy Phillipson
59:03
It would seem that way. Client focus is now secondary. Trying to comply with legislation and bank requirements is a full time job
John Schell
59:55
Anyone wanting to sell an insurance book email me john@getsure.co.nz
John Schell
01:00:30
in Auckland
Andy Phillipson
01:00:32
lol - we have no control, despite the risk assessment
Jon-Paul Hale
01:00:36
Once you have the framework in place, it is quite manageable. However, if you are a sales business without the business structure and governance, then you’re going to find this much harder. It’s a matter of perspective. The approach is about having more certainty for businesses. But it is a lot of work to get it in place.
Andy Phillipson
01:08:11
Does that also include possible future liabilities?
Andy Phillipson
01:08:39
...for example clawbacks
Simon Clarke
01:09:23
Do you need a health and safety policy if not more than 5 employees?
Jason Kilworth
01:09:48
so what about tax owing to IRD being paid back within 12 months. IS the business insolvent?
Kim Lyons
01:09:50
When you leave an aggregator they tell you your liablity
Garth Clarricoats
01:10:07
If you are taking upfront commission it should be a liability until it has "timed out"
Jon-Paul Hale
01:10:11
H&S for every PCBU has been a requirement since 1 April 2016…
Andy Phillipson
01:11:03
Gareth - that could be up to 30 months of commission, especially in morgtgages
Melanie Purdey
01:12:28
Mason & Lewis 2006 NZLR to understand the implications of being a passive or silent director.
Tony Vidler
01:12:36
NZ govt working definition of insolvency: “To be insolvent means one of two things:Debts can’t be paid when they’re due.Total debt is more than the value of all assets.This is different to operating at a loss, particularly when a business is new or growing fast.”
Andy Phillipson
01:12:48
If you have a locum adviser under your BCP, does that move you from a class 1 to a class 2 licence?
Dave Jochem
01:13:03
Does FANZ have a template for a locum adviser contract? Or where is the best place to source one of these?
Jason Kilworth
01:14:05
yip that's what I thought Tony, so just reconfirming
Barry Day
01:14:07
Class 1 FAP can't have a locum?
Tony Vidler
01:14:22
I think the question was a bout locum adviser, not locum director
Andy Phillipson
01:15:07
Barry - does that mean we cannot have a locum as a class 1?
Nicki Kane
01:15:22
I'm fairly sure I saw in the guidance notes from the FMA a locum is specifically allowed for under class 1?
Tony Vidler
01:15:40
Hey Jason; insolvency is best defined by working capital ratio’s - to the best of my knowledge that hasn’t changed
Andy Phillipson
01:16:47
But I believe that if we are applying for a class 2 licence, we need to be operating currently as a class 2
Jon-Paul Hale
01:16:56
Class 1 license can only have 1 adviser, so a cease/start process is needed for a locus…
Jon-Paul Hale
01:17:20
TBH, I wrote A GR article discussion why a Class 2 should be the license single advisers should look at.
Moosa Mohammed
01:17:33
Thanks
Tom Wu
01:17:43
Thx
Vanessa Belton
01:17:44
thankyou :)
Elise Vine
01:17:44
thanks that is great
Natalie Siebrits
01:17:44
thanks
Hayley Kerr
01:17:45
Thank you
Jackie Scott
01:17:46
thank you
Corinne Mudge
01:17:48
Thanks Ladies
gary Cavaney
01:17:50
Thanks again for the good presentation
Andy Phillipson
01:17:50
Thanks team
Michael Cave
01:17:50
thanks all
Paula Jones
01:17:51
thank you
Jon-Paul Hale
01:17:54
Thanks All!
Mark Holtom
01:17:54
Thank you. very useful
Jenny de Boer
01:17:55
thanks
Mark Henderson
01:18:01
Cheers
Jaeho Choi
01:18:02
Thank you
Mike Macfarlane
01:18:02
excellent thanks
Emily TSAI
01:18:04
Thank you very much!!
Jordi Garcia
01:18:05
thank you!
Anita Cheung
01:18:05
thank you so much
Matthew Isbister
01:18:06
Thanks, very informative!
Ian Jordan
01:18:06
Many thanks, most helpful.
Hus Jeram
01:18:09
excellent, thanks
Aaron Baker
01:18:11
Thanks. That was fantastic
Andy Phillipson
01:18:11
And best wishes to those in Auckland
Chris Batisan
01:18:13
Thank you!
John Schell
01:18:15
Really great, thanks
Kathy Wright-St Clair
01:18:16
thanks very much