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Last Article Uploaded: Monday, July 6th, 10:04PM
Latest Headlines

Milford clients jump ship

A $1.5 million settlement with the FMA has not been the only blow to Milford Asset Management as a result of the investigation into alleged market manipulation.

Monday, July 6th, 5:55PM

It has been revealed today that the manager has lost five wholesale clients, including financial services firm Mercer.

Milford has over $3 billion under management, including KiwiSaver funds.

The Milford portfolio manager involved in the FMA investigation was not a party to the recent settlement and is still facing enforcement action from the FMA. 

Managing director Anthony Quirk told media the five clients had withdrawn $130 million ...MORE»

FMA: Settlement gives investors more

Monday, July 6th, 9:59AM

An $18 million settlement negotiated with the former directors of Hanover Finance, Hanover Capital and United Finance is a better outcome than would have been achieved through court, the FMA says.


FMA targets investor knowledge

Monday, July 6th, 6:00AM  3 comments

The FMA says it wants to see more investors seeking financial advice.


Advice is about relationships, not legislation

It will come as no surprise to advisers that a survey of consumers shows that they value their personal relationship more highly than legislative requirements and qualifications.

Friday, July 3rd, 7:01AM  1 comment

The survey was done in March for the Ministry of Business, Innovation and Employment by Colmar Brunton.

It shows that consumers do little research on the qualifications, or registration status, of their financial adviser, but they  have a high level of trust in the financial adviser they consult.

"This is derived from three elements of the relationship: being recommended a financial adviser by someone they know, developing a personal connection and relationship with the adviser, and the reputation and size of the investment company, bank, or insurance company for whom the adviser works (or is affiliated) ...MORE»

Thomas mints mandate with Super Fund

Thursday, July 2nd, 1:50PM

Rebecca Thomas's Mint Asset Management has won a mandate with the NZ Super Fund following AMP Capital's decision to outsource its management.


Questions to ask fund managers

Thursday, July 2nd, 5:50AM

For financial advisers and investors the working of fund managers can be a mystery.  Exactly what does a fund manager do – and more importantly, how do they do it?  Part of the issue with understanding fund managers is to know what questions to ask.  


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Westpac predicts four OCR cuts this year

Monday, July 6th, 11:06AM

Another three OCR cuts are on the way, thanks to darkening economic clouds, according to one of the major banks. MORE»

Insurance Centre Sponsored by: 

Why Dealer Group QFEs isn't a far-fetched idea

Sunday, July 5th, 3:19PM

The reaction to the idea that dealer groups should or could become QFEs has certainly created some friction. Don't write the idea off...here's why. MORE»

Regulation Sponsored by: 

Qualification questions may cause concerns

Thursday, May 28th, 6:00AM  3 comments

A crackdown on adviser qualification requirements could prompt some to leave the industry, it has been claimed. MORE»

People and Events Sponsored by: 

Stanley moves to sharebroker

Monday, July 6th, 11:12AM

The former head of FundSource, Sam Stanley, has finished up at the NZX and will take on a new role as an adviser. MORE»

Deposit Rates Sponsored by: 

General Finance experiencing good growth

Thursday, July 2nd, 2:56PM

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


KiwiSaver members urged to ponder asset allocation

Tuesday, June 23rd, 2:22PM

Conservative KiwiSaver funds are being tipped to barely outperform cash over the next seven years. MORE»

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Latest Comments
  • FMA targets investor knowledge
    “So it looks as if the FMA are going into giving financial advice in competition with professional advisers. Will the FMA...”
    8 hours ago by traveller
  • Advice is about relationships, not legislation
    “why do you have spend precious money consultation? business is known to be about relationship for yonks. seriously, if you...”
    10 hours ago by w k
  • Dealer groups should be QFEs
    “Dealer groups have always struggled to provide value.. Insurers assist (at no cost) with training and advice around the points...”
    14 hours ago by Backstage
  • FMA targets investor knowledge
    “bravo charity, bravo. ...”
    16 hours ago by w k
  • FMA targets investor knowledge
    “I’m getting tired of FMA making negative comments about financial advisers. Financial advisers are the key to assisting...”
    17 hours ago by Charity
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