Good Returns

New AXA owners have no reason to shake it up: Stewart

Tue, 09 Feb 2010 04:26:00 +1200

AXA New Zealand's new owners, regardless of who they are, have no reason to mess with a winning formula, according to the life insurer's chief executive Ralph Stewart.

News Round Up

Mon, 08 Feb 2010 07:06:00 +1200

Liontamer positive on the year ahead; Balanced funds bounce back.

Tyndall looking to add more retail funds

Fri, 05 Feb 2010 04:10:00 +1200

Tyndall is looking to expand the number of retail funds that advisers can access through wrap platforms according to its new managing director Peter Lynn.

Open Polytechnic offers financial services training from afar

Thu, 04 Feb 2010 06:30:00 +1200

The Open Polytechnic is now a financial services training provider and with its specialisation in distance education, it will be ideal for many financial advisers who want to fit study in around work.

Super fund invests in catastrophe bonds

Wed, 03 Feb 2010 06:41:00 +1200

The Guardians of New Zealand Superannuation have invested in catastrophe bonds with an initial commitment to the strategy of US$125 million with potential to expand to US$250 million.

Bank adviser pleads guilty to $18m fraud charges

Tue, 02 Feb 2010 21:15:00 +1200

A former ASB investment banker has pleaded guilty to fraud charges of nearly $18 million in the country's largest employee theft.

First Step investors will likely get more repayments this year

Tue, 02 Feb 2010 04:46:00 +1200

Investors in the beleaguered First Step and First Up investment trusts should expect receive further repayments this year after the funds, which are being wound up, wrote off a further $73 million in the 2009 financial year.

News round-up

Mon, 01 Feb 2010 04:00:00 +1200

IFA on the CEO hunt shortly; Upcoming Man fund aimed at the long term; Impaired loans improve, bank outlooks gets upgraded: Moody's

Commission to clarify definition of financial planning service

Fri, 29 Jan 2010 06:59:00 +1200

The Securities Commission says it recognises that financial advisers are confused about the Financial Advisers Act definition of a "financial planning service" and it is working on giving the definition more clarity.

Young ones think KiwiSaver enough for retirement

Thu, 28 Jan 2010 05:00:00 +1200

Almost half of those aged between 18 and 29 are confident that KiwiSaver alone will support them into retirement according to the ASB Investor Confidence Survey.