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Last Article Uploaded: Friday, July 31st, 5:42PM
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FMA takes action against Milford trader

The FMA has issued civil proceedings in the High Court against Milford Asset Management portfolio manager Mark Warminger.

Friday, July 31st, 12:52PM  1 comment

It comes after the FMA reached a $1.5 million settlement with Milford over breaches of market manipulation provisions.

At the time, the FMA said trading by one of Milford's staff had broken the rules and the Milford board had insufficient monitoring of activity. It said it was still conducting enforcement activity with the person in question.

Today, it announced the action against Warminger for trading between December 2013 and august 2014 ...MORE»

162 offer FAA feedback

Friday, July 31st, 6:00AM

MBIE says it is pleased with the level of feedback it has received in response to the Financial Advisers Act review issues paper.


Massey calls for Act overhaul

Thursday, July 30th, 6:00AM  1 comment

Industry regulations are cumbersome and reduce the number of advisers operating in the New Zealand market, a group of Massey University academics say.


Silver ratings for AMP KiwiSaver

Morningstar has given silver ratings to a range of AMP KiwiSaver funds.

Thursday, July 30th, 6:00AM

It awarded the rating to its aggressive, growth, moderate balanced, moderate, conservative and balanced funds.

It is the second year AMP KiwiSaver funds have received silver ratings.

Bronze, silver and gold ratings indicate the level of conviction Morningstar has in recommending a fund. It can also rate funds neutral and negative.

Morningstar said AMP KiwiSaver has one of the most impressive multisector investment teams in the market ...MORE»

RFAs backing call for one law for all

Wednesday, July 29th, 6:00AM  2 comments

The PAA wants one set of standards for all financial advisers - but it says it has the backing of its RFA members.


FMA drops Capital + Merchant action

Tuesday, July 28th, 12:45PM

A civil claim against Capital + Merchant Finance was unlikely to recover more of investors' money, the FMA said today as it announced it had stopped the proceedings.


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HSBC does it again

Friday, July 31st, 11:28AM  1 comment

HSBC has launched an interest rate of 4.49% for its one, two and three-year fixed-term residential mortgages. MORE»

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Cheap policies capture younger clients: HFANZ

Tuesday, July 28th, 6:00AM

More young New Zealanders are taking out health insurance policies, new Health Funds Association figures show. MORE»

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Massey calls for Act overhaul

Thursday, July 30th, 6:00AM  1 comment

Industry regulations are cumbersome and reduce the number of advisers operating in the New Zealand market, a group of Massey University academics say. MORE»

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Lawyer appointed to bank board

Wednesday, July 29th, 9:55PM

SBS has appointed Dunedin-based lawyer Anne McLeod to its board of directors. MORE»

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General Finance experiencing good growth

Thursday, July 2nd, 2:56PM

General Finance is seeing growth in its business as investors chase good yields. MORE»


ANZ calls for action on women's savings

Thursday, July 30th, 6:01AM

ANZ is calling on other employers to do their bit to help women achieve better outcomes through KiwiSaver. MORE»

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Latest Comments
  • HSBC does it again
    “Great rate - but it's important to point out that there is no cash contribution. Today I negotiated a $10,000 cash contribution...”
    14 hours ago by Laurie
  • FMA takes action against Milford trader
    “Goodness me, if the FMA are going to prosecute for “trading that manipulates the closing price” and “trading conducted...”
    15 hours ago by Brent Sheather
  • Massey calls for Act overhaul
    “At the risk of boring those professionals who actually take note and read stuff, I'd again like to point out that the various...”
    2 days ago by Tash
  • RFAs backing call for one law for all
    “A single standard is sensible but this is the old trick with polls and employed by all political parties crusaders and other...”
    2 days ago by P Jones
  • PAA axes holiday homes scheme
    “I wish I had found this discussion before. I'm surprised the mainstream media aren't tearing the PAA to shreds over this....”
    3 days ago by drelly
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