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..
KiwiSaver members mature enough to ignore market volatility
Thursday, November 7,2024,18:34
KiwiSaver members expected to ignore market impact of Donald Trump's re-election. .. read more..
Pie adds new filling to its KiwiSaver reciepe
Saturday, November 2,2024,23:52
Pie Funds is the latest KiwiSaver provider to add private equity to its funds. .. read more..
Finding skilled talent still a challenge for FMA
Tuesday, October 29,2024,20:38
A lack of high-quality talent in New Zealand is proving a challenge for the financial markets regulator with more people applying for jobs but many not possessing the right skills for some of the more specialised roles. .. read more..
Stakeholders’ satisfaction with FMA takes a tumble
Friday, October 25,2024,16:53
Stakeholders’ opinions of how easy it is to deal with the Financial Markets Authority have deteriorated in the past 12 months, according to the regulator’s latest survey. .. read more..
IRD likely to catch up with those not declaring FIF income
Thursday, October 24,2024,23:55
A tax consultant is warning those who aren't declaring their foreign investment fund (FIF) income that Inland Revenue may soon catch up with them. .. read more..
Regulator seeks improvements from DIMS licence holders
Thursday, October 24,2024,00:45
Providers tasked with managing their clients’ portfolios on their behalf have been asked to lift their game on fee disclosure, helping investors better understand the service they’re getting and their management of liquidity risk. .. read more..
[GRTV] Smart is launching four new ETFs
Wednesday, October 23,2024,17:00
The ETFs are sector focused investing in Bitcoin, gold and technology. A fourth new ETF tracks the NZX20. .. read more..
KAN chair calls for financial advisers to be exempt from CoFi
Tuesday, October 15,2024,17:06
David Seymour's Ministry for Regulation should exempt Class 1 and Class 2 financial advice providers (FAPs) from complying with the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFi), according to consultant David Whyte. .. read more..
Retail investors seek relative safety in managed funds and ETFs
Tuesday, October 15,2024,03:23
Sharesies’ latest quarterly index shows the platform’s retail investors have become increasingly shy on company-specific investment, favoring a diversified approach in what’s been a volatile period for markets. .. read more..
NZX’s Smart links up with iShares to launch new funds
Wednesday, October 9,2024,17:00
Smart, formerly SmartShares, is launching four new ETFs in a new strategic alliance with BlackRock's iShares. .. read more..
Advisers frustrated with NZCFS L5 marking
Tuesday, October 8,2024,17:19
South Island FAPs say NZ Certificate of Financial Service L5 marking is taking too long and is inconsistent. .. read more..
Sharesies KiwiSaver to offer self-select for US shares
Tuesday, October 8,2024,00:57
Sharesies KiwiSaver is ramping up exposure to the US, and will allow members to select individual US stocks, as well as a new Sharesies US500 fund based on the Vanguard S&P 500 ETF (VOO). .. read more..
Is NZ Funds Management for sale?
Monday, October 7,2024,16:41
A note to New Zealand Funds Management's accounts filed with the Companies Office suggests the business may be for sale, although information GoodReturns has been able to glean has been contradictory. .. read more..
Science-backed approach to ‘democratising investment’
Thursday, October 3,2024,03:36
Investment platform Lemmi is promising to democratise wealth creation with its science-backed “robo-assisted” process. .. read more..
[GRTV] New name, new funds for Smartshares
Monday, September 30,2024,19:22
NZX is rebranding its funds management business, retiring the SuperLife brand and teasing some new funds. .. read more..
Southern Cross Health Society Group annual results reflect steep increase in ...
Sunday, September 29,2024,20:01
Today Southern Cross Health Society Group (“Group”) shares its annual results for the year ended 30 June 2024, highlighting extraordinary growth in claims over the year; in volume and value. .. read more..
IFSO goes to court to secure payment
Wednesday, September 25,2024,17:00
In a first the Insurance & Financial Services Ombudsman has gone to court to enforce a ruling made against an adviser. .. read more..
ANZ goes with BlackRock
Sunday, September 22,2024,20:17
BlackRock picks up another New Zealand fund manager; this time ANZ Investments. .. read more..
How well are ethical managers managing their strategies?
Thursday, September 19,2024,19:29
The Financial Markets Authority has checked the labels on the cans with funds claiming to be ethical invested. .. read more..
Fund managers ask for a pause in auditing of climate reports
Monday, September 16,2024,16:16
Fund managers want the government to delay the audit requirement for emissions data in fund climate reports. .. read more..
AMP moves ANZ money to BlackRock
Thursday, September 12,2024,20:02
ANZ has completed the closure of its wholesale funds management business with mandates moving to new managers. AMP explains what it has done with the funds managed by ANZ for its KiwiSaver and New Zealand Retirement Trust products. .. read more..
Financial advisers urged to approach AI adoption with caution, FMA report says
Thursday, September 12,2024,18:21
Financial advisers must adopt a cautious and risk-focused approach when integrating artificial intelligence (AI) into their operations, according to a new report by the Financial Markets Authority (FMA). .. read more..
[GRTV] New FAP regime creates opportunities for advisers
Wednesday, September 11,2024,17:00
The creation of Financial Advice Providers (FAPs) has created a whole new set of opportunities for financial advisers. .. read more..
Turning 10: A Look Back at the Origin Story of Brokers, Plus How IPOs, Equiti...
Wednesday, September 11,2024,16:40
A Q&A with Greg Boland, Chief Strategy Officer, Tiger Brokers .. read more..
Nikko abandons Ark
Thursday, September 5,2024,20:00
Nikko Investment Management in New Zealand is changing its diversified global equities strategy by dropping high-profile Cathie Wood's Ark Invest and adding three other more conventional fund managers. .. read more..
Advisers are behavioural coaches
Wednesday, September 4,2024,20:54
Amid trends such as grandparents helping family and a cost of living crisis, financial advisers added at least 4.7% in value for clients. .. read more..
ESG KiwiSaver outperforms non-ESG on some profiles over five years
Tuesday, September 3,2024,16:04
More than one million KiwiSaver members (39%) are invested in environmental, social, governance (ESG) funds, says a new report. .. read more..
IRD wants to make fund management fees exempt GST
Tuesday, September 3,2024,03:14
Inland Revenue is proposing to make fees charged for fund management exempt from GST. .. read more..
Embracing GenAI: A Roadmap for NZ Financial Services Companies - Part 3
Monday, September 2,2024,16:51
In the rapidly evolving world of technology, artificial intelligence (AI) is transforming industries by enhancing efficiency and driving innovation. .. read more..
FNZ founder steps back
Sunday, September 1,2024,21:43
FNZ founder Adrian Durham steps down as group chief executive, as the firm raises another US$1 billion of capital. .. read more..
Investors should gird for a US post-election roller coaster
Wednesday, August 28,2024,23:59
The period between the outcome of the US election and the presidential inauguration is likely to be tumultuous for the markets, says Capital Group political economist Matt Miller. .. 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..
Bathurst Resources eyes fast track process for new projects
Monday, August 26,2024,22:53
The country's biggest coal miner is seeing another 20 years of development work. .. read more..
BNZ trims mortgage rates again
Monday, August 26,2024,21:54
It comes as wholesale interest rates move lower following the Reserve Bank's OCR decision this month. .. read more..
Vulcan Steel posts another big drop in full-year profit
Monday, August 26,2024,21:39
The company's profit more than halved on the back of a 15 percent drop in revenue. .. read more..