Consilium reaches a milestone
Thursday, February 20,2025,19:14

Consilium has cracked through the $9 billion in funds under management (FUM) mark, cementing its position as one of New Zealand’s fastest-growing investment platforms. .. read more..

Global brand names in ETFs driving local demand
Monday, February 17,2025,17:34

Strong client demand for big name US ETFs has prompted investment platform InvestNow to expand its offering of low-cost locally-packaged options. .. read more..

Financial adviser target-based incentives banned from 31 March 2025
Tuesday, February 11,2025,20:00

From 31 March 2025 the law will prevent financial advice providers* (“FAPs”) from providing most types of direct target-based incentives (based on volume or value metrics) to financial advisers, the direct managers of employed advisers, and others. In this article I consider how this law applies to FAPs and their financial advisers. .. read more..

Struggling savers draining retirement funds to cover living costs
Monday, February 10,2025,17:00

KiwiSaver members are repeatedly dipping into their funds to get them out of financial hardship in some cases to the extent they’re landing back at a zero balance. .. read more..

Early days, but NZ Super's machine-learning fund outperforms
Thursday, February 6,2025,20:55

The New Zealand Superannuation Fund’s new machine-learning portfolio of New Zealand shares has exceeded expectations and managed to outperform its internally and actively managed NZ equities portfolio. .. read more..

Retirement savings targets could be overblown
Wednesday, February 5,2025,00:07

Retirees’ spending tends to slow as they age which should challenge some assumptions about the need for an intimidatingly-large sized pot of retirement savings, according to the New Zealand Society of Actuaries. .. read more..

Non-banks still need to prove their worth despite govt backing
Tuesday, February 4,2025,16:56

Non-bank deposit takers both new and old will have to compete for the attention of advisors even with the backing of the government’s incoming insurance scheme for deposits. .. read more..

Retirement planning must take heed of economic headwinds
Tuesday, January 28,2025,20:03

Retirees’ spending increased in 2024 as like the rest of the population they faced hikes in housing, utilities, transport and the cost of insurance. .. read more..

Biggest has baddest returns
Thursday, January 23,2025,19:20

Almost all diversified KiwiSaver funds in the Melville Jessup Weaver survey for the December quarter achieved positive returns with growth funds averaging about 4% and conservative averaging about 15 after fees but before tax. .. read more..

Angels fear consequences of FMA wholesale investor test case
Wednesday, January 22,2025,19:54

Angel investors are concerned their ability to invest in startups could be in jeopardy if the Financial Markets Authority gains support for its stance on wholesale investors’ eligibility. .. read more..

Westpac's BT lifts annual net profit 10.8%
Sunday, January 19,2025,20:13

BT Funds Management (NZ), Westpac's investment arm in New Zealand, has reported a 10.8% rise in annual net profit for the year ended Sept 30, 2024. .. read more..

Retail investors seeking US exposure as confidence returns
Wednesday, January 15,2025,20:08

Sharesies’ latest data shows a return in retail investor confidence in the final months of 2024 with investors continuing to look for US exposure via ETF. .. read more..

New non-bank deposit taker to court advisor networks
Tuesday, January 14,2025,00:36

The first company to be granted a non-bank deposit taker license by the Reserve Bank in nearly a decade says it will look to build strategic partnerships with advisor networks as it develops the lending side of its business. .. read more..

FMA tests legal waters on eligible investor exclusion
Sunday, January 12,2025,23:16

Wholesale investors will likely need to provide more detailed evidence of their eligibility if the Financial Markets Authority receives support for its position on eligible investor exclusion from the High Court.  .. read more..

Evidence-based strategies propel Consilium funds above $1 billion
Thursday, December 26,2024,23:22

Consilium says investors have embraced its sustainable funds. .. read more..

[The Wrap] The year that was - and what may happen next year
Saturday, December 21,2024,01:13

Here are some thoughts on the year that has been, but also a few predictions for 2025. Feel free to comment. .. read more..

[UPDATED] Despite a warning InvestNow is alleged to have beached AML laws
Friday, December 20,2024,04:23

The Financial Markets Authority alleges InvestNow has breached AML laws and its failures are "significant and, in some respects, systemic." [UPDATED] InvestNow's response added. .. read more..

Craigs sells half stake to US private equity firm
Thursday, December 19,2024,23:08

Global private equity firm TA Associates has signed a deal to take a 50% share in local wealth management business Craigs Investment Partners. .. read more..

Pathfinder clarifies ethical investment exceptions after censure
Wednesday, December 18,2024,22:04

KiwiSaver provider Pathfinder is apologising for not providing enough information about its ethical investment policy exceptions in its advertising - a failure which landed the company an FMA censure. .. read more..

The good guys get told off
Tuesday, December 17,2024,22:32

Ethical investment shop, Pathfinder, has been censured by the Financial Markets Authority. .. read more..

Advice industry needs “agents of change” to shift the impact needle
Tuesday, December 17,2024,16:43

How advisors choose to wield their influence will help determine how fast impact investing becomes a meaningful tool for solving some of society’s major issues, says the head of multi-asset impact fund Soul Capital. .. read more..

[GRTV] RI practice now ingrained but greenwashing a major concern says RIAA
Sunday, December 15,2024,22:57

Dean Hegarty, co-CEO of Responsible Investment Association of Australasia joins GRTV’s Philip Macalister to discuss RI performance, greenwashing concerns and the growth of impact investing, as the organisation releases its annual benchmark report. .. read more..

New clients demonstrate strong confidence in NZX wealth technologies
Sunday, December 15,2024,20:20

NZX Wealth Technologies celebrates strong growth with new client onboardings and expanding pipeline. .. read more..

FMA investigating three potential greenwashing cases
Thursday, December 12,2024,17:06

The Financial Markets Authority is investigating three possible breaches related to ethical investing claims. .. read more..

No deal between ANZ Investments and Mercer
Tuesday, December 10,2024,02:47

The $30 billion-plus ANZ Investments and global investment manager Mercer have abandoned their partnership deal. .. read more..

Tax settings tweak could help grow local ETFs
Monday, December 9,2024,20:10

A review of tax settings for different fund structures alongside a maturing market approach to portfolio builds could help support the growth of New Zealand’s local ETF market, says Smart CEO Anna Scott. .. read more..

Market maturity barrier to ETF growth in NZ
Monday, December 9,2024,01:09

Exchange traded funds have surged in popularity globally but the New Zealand financial services industry has yet to fully embrace them, according to some advisors. .. read more..

Advisors must take note of supervisor guidelines on AML/CFT
Wednesday, December 4,2024,20:57

Ignore supervisor guidelines at your peril is the advice from compliance firm Strategi as AML/CFT undergoes a makeover and fresh regulations come into force. .. read more..

Investors’ eyes are on the prize with growth in impact funds
Tuesday, December 3,2024,01:16

Impact funds have seen significant growth leaping from $1 billion to $5 billion of assets under management within a year. .. read more..

[GRTV] The nitty gritty of Smart’s ETFs
Sunday, December 1,2024,19:33

Instead of buying the needle in the haystack, exchange-traded funds or ETFs give investors the opportunity to buy the whole haystack, Smart CEO Anna Scott tells GRTV in our latest episode. .. read more..

Savings not just debt in focus as interest rates tumble
Thursday, November 28,2024,19:36

Savers are expected to need additional support to find a new home for their rainy day funds as term deposit rates continue to slide. .. read more..

Snowball offers managed funds
Monday, November 25,2024,18:24

Crowdfunding platform Snowball has undergone a makeover and expanded its offering to include managed funds. .. read more..

DRS member or not - client care remains advisers’ responsibility
Sunday, November 24,2024,17:39

Both the regulator and government officials say the onus falls on advisers to work with disgruntled clients to try to resolve their complaint even if they have left the sector or joined a new provider. .. read more..

Ethical KiwiSaver provider maximising advisor channel for next growth stage
Thursday, November 21,2024,17:00

Further proof of the ability for ethical investment to deliver strong returns will likely help keep the company’s pipeline flowing, says Pathfinder’s co-founder. .. read more..

Fresh solution to liability gaps needed
Tuesday, November 19,2024,19:51

Sector-wide collaboration is needed to find a way to bridge advisor liability gaps for both consumer and advisors’ protection, according to one dispute resolution service. .. read more..

Value of index tracking seen in the numbers, says Kernel
Monday, November 18,2024,18:50

The increased availability of index fund options and the strength of returns for investors continues to lay down a challenge for active managers, according to Kernel Wealth chief executive Dean Anderson. .. read more..

No plain sailing around Castle Point
Sunday, November 17,2024,18:36

Castlepoint turnaround taking longer than expected. .. read more..

Failure to plan for data-hungry AI will have consequences
Thursday, November 14,2024,17:05

The AI train is leaving the station but few financial advisors have their bags packed ready for the journey - nor do they necessarily know where they’re headed. .. read more..

NZ Super Fund terminates Devon mandate
Thursday, November 14,2024,03:57

The NZ Super Fund has terminated a 13-year old mandate it had with Devon Funds. .. read more..

Govt takes risk-based approach to deposit guarantee scheme
Wednesday, November 13,2024,19:08

A risk-based funding model for the new depositor compensation scheme will see the four largest banks bear most of the cost of the safety net with smaller entities subject initially to a flat fee. .. read more..

Crown funding for more solar could power 178,000 homes
Tuesday, August 27,2024,09:02

The deal between the government-owned investment group and a solar developer will connect five solar sites to the national grid. .. read more..

Hundreds at community meeting over central North Island mill closures
Tuesday, August 27,2024,07:57

Locals fear the area will quickly become a ghost town, with one woman saying many families are already planning to leave for Australia. .. read more..

Building cost inflation return to 'normal' levels
Tuesday, August 27,2024,07:31

Some material cost falls and supply chain shortages easing has helped inflation to get back to pre-pandemic levels, QV CostBuilder says. .. read more..

TSB Bank fined nearly $2.5m by Commerce Commission for overcharging customers
Tuesday, August 27,2024,07:31

The High Court imposed the penalty after the Commerce Commission took legal action for historic breaches between 2015 and 2021. .. read more..

Brewery told to remove its Kupe beer from sale
Tuesday, August 27,2024,07:16

Te Aro Brewing's IPA has been found in breach of advertising standards after complaints. .. read more..

Building begins on NZ's largest solar farm next to Christchurch Airport
Tuesday, August 27,2024,06:19

It will have about 300,000 solar panels and is expected to generate enough renewable energy to power close to 36,000 homes. .. read more..

Aviation levies, fees and charges may increase
Tuesday, August 27,2024,05:12

The Civil Aviation Authority is currently seeking submissions on the proposal. .. read more..

'Keep the lights on': Community in central North Island rallies over mills th...
Tuesday, August 27,2024,04:02

The mill, which employs 230 people across two sites in the central North Island, announced it was closing due to high electricity prices. .. read more..

2025 the year house price rises revert to normal, BNZ says
Tuesday, August 27,2024,03:55

Prices will be flat this year but increase 7 percent next year, bank economist says. .. read more..

Recent heavy rain provides much needed boost to hydro lake levels
Tuesday, August 27,2024,03:33

The weekend's rain means storage at Lake Manapōuri is now above average for the first time since mid-June. .. read more..