Good Returns

Fund managers should be accountable to a regulator: Mayhew

Thu, 02 Sep 2010 05:19:00 +1200

Commissioner for Financial Advisers David Mayhew believes fund managers must be directly accountable to a regulator and there should be an administrative tribunal specialising in financial market matters.

SCF not as big a favourite among advisers as it used to be

Tue, 31 Aug 2010 22:37:00 +1200

South Canterbury Finance was not as big a favourite among advisers as it had been in the past, though the government’s quick action to pay-out all debt holders will help quell too much uncertainty.

South Canterbury calls in receivers

Tue, 31 Aug 2010 09:39:00 +1200

South Canterbury Finance announced today that it has been unable to complete a recapitalisation and restructure.

Labour wants to create more savings products

Tue, 31 Aug 2010 07:04:00 +1200

Labour is not convinced savings matter to National as it has taken two years and two Budgets to take action, says opposition Finance Minister David Cunliffe.

News Round Up

Mon, 30 Aug 2010 07:41:00 +1200

Three bidders vying for SC Finance; Strategic alliance creates new platform for advisers; Share develops end-to-end advice process.

Hubbard funds over valued by 25%: Report

Fri, 27 Aug 2010 08:32:00 +1200

The statutory manager for Alan Hubbard and Hubbard Funds Management have released its second report and says investments in the funds business were over-valued by 25% (Full report attached)

Adviser services need to be defined

Fri, 27 Aug 2010 07:02:00 +1200

Advisers need to figure out what services they need to be authorised for before applying to the new regime.

Many advisers postponing study

Thu, 26 Aug 2010 06:50:00 +1200

Many category two advisers are postponing courses while they await further information about voluntary authorisation according to ETITO.

Inflation-indexed tax on savings should work in theory: English

Wed, 25 Aug 2010 05:33:00 +1200

Veiled support for inflation-indexed tax on saving and invest was the biggest hint Finance Minister Bill English dropped when announcing a new advisory group.

Another NZ fund manager joins the billion dollar club

Mon, 23 Aug 2010 07:15:00 +1200

New Zealand now has a dozen fund managers with at least a billion dollars under management, according to the latest FundSource report.