NZX50 joins global rally as optimism over Iran persists

Comvita brings Fraser and Neave into the fold in $30m capital raising.

New Zealand’s S&P/NZX 50 index snapped a three-day decline to join a global rally in equity markets, as US President Donald Trump signalled peace talks with Iran could resume within days after weekend negotiations failed to make much headway.

The power companies did the heavy lifting for the index, with Meridian Energy, Mercury NZ, Contact Energy and Genesis Energy all on the green side ...MORE»

Boyle gets dream gig Tuesday, April 14th, 8:11PM  1 comment David Boyle has been appointed as the new Retirement Commissioner takimng over from Jane Wrightson. MORE»

FMA to review CoFI Guidance Friday, April 10th, 8:07AM  4 comments The Financial Markets Authority (FMA) is considering a limited review of the Conduct of Financial Institutions (CoFI) Intermediated Distribution Guidance before the end of this financial year, confirmed FMA director Michael Hewes. MORE»

Industry wary of KiwiSaver changes

KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped.

The Government announced at the weekend that the laws would change so that people who have jobs where accommodation is provided can still use their accounts to buy a house.

The rules have previous required that people withdrawing money for a first home do so with the intention of living in it.

"Workers in service tenancies, such as farm workers, rural teachers, country cops, and defence personnel, ...MORE»

Active manager (sort of) leaves the passive house Sunday, April 5th, 10:04AM  1 comment NZX’s active management business, QuayStreet Asset Management, is being given a bit more free reign. MORE»

Bond funds likely to deliver out-sized returns: Amova Wednesday, April 1st, 7:07AM Financial markets have priced too much inflation risk into longer-term fixed interest yields, according to Fergus McDonald, head of the bond and currency team at Amova Asset Management. MORE»

News Bites

PAA Legacy Trust supports FANZ

Financial Advice New Zealand (FANZ) has entered a long term strategic partnership with the PAA Legacy Trust to support further development of Campus, its adviser-led, professional development hub designed to deepen capability across the financial advice profession. MORE»

GoodReturns TV

Fisher Funds moves to woo advisers back

After years of neglecting the adviser market, the investment manager is going on the charm offensive.   MORE»

Markets intepret OCR review to be on the hawkish side

Financial markets have interpreted the Reserve Bank’s official cash rate (OCR) decision as somewhat more hawkish than expected, pushing the Kiwi dollar higher while wholesale interest rates also rose. MORE»

Sponsored by:

Special Events Benefits; great for clients and advisers but beware the time limits

Opinion: There are benefits and options in life, trauma and disability products that allow cover to be increased without underwriting. MORE»

TMM Online

Economists at war over OCR forecasts

ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted. MORE»

Sponsored by:

Mercer appoints BDM to work with advisers

Former Smartshares General Manager of Business Development and Distribution joins Mercer.  MORE»

Sponsored by:

Industry wary of KiwiSaver changes

KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped. MORE»