NZ shares fall as the risk of global pandemic rises
New Zealand shares joined a global rout after the spread of coronavirus cases outside China caused stocks across Europe and the US to plunge as investors sought to avoid the risk of a global pandemic.
The S&P/NZX 50 Index declined 137.89 points, or 1.2 percent, to 11,719.23. Within the index, 43 stocks fell and seven gained. Turnover was $186.4 million, with just four stocks trading on volumes of more than a million shares.
New Zealand's benchmark index dropped as much as 3.4 percent, following a weak lead from Wall Street where the three largest indices closed between 3.4 and 3.7 percent ...MORE»
Inland Revenue outlines GST planTuesday, February 25th, 6:41AM
Inland Revenue wants to introduce special rules for determining the GST treatment of fund manager and investment manager services. MORE» |
[GRTV] Sam Dickie's 2020 outlookMonday, February 24th, 6:36AM
Susan Edmunds speaks to Sam Dickie senior portfolio manager from Fisher Funds about their recent Good Returns Fund Manager of the Year recognition; and gets the low-down on Fisher Funds' investment philosophy and approach for the year. MORE» |
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Wealthpoint questions efficiency of authorised bodies
With time running out until new regulatory reforms are introduced in late June 2020, Wealthpoint has followed with interest the industry discussions taking place about various FAP structures that may exist post June. MORE »
[The Wrap] Regulators need to be wary of AMP Life deal
One of the biggest deals in New Zealand’s financial services industry is going on largely unnoticed at the moment; arguably because there is so much other change going on at present. It’s time the spotlight was put on the deal.
AMP’s proposal to sell its life business to Resolution Life is the largest transaction in financial services since ANZ bought the National Bank.
AMP has the second largest in-force life insurance book in New Zealand with around 200,000 policyholders.
To date these people have had next to no information about the deal. No doubt when communications start they will have a soothing theme to them ...MORE»
NZ Super Fund: Some coronavirus losses will be recovered, others gone for goodFriday, February 21st, 7:17AM
Coronavirus is likely to take the heat out of the global economy, the NZ Super Fund says, but it still expects 2020 to be a less turbulent year than 2019. MORE» |
Charges laid against KlooghThursday, February 20th, 10:55AM
Former financial adviser Barry Kloogh, who allegedly ran some type of Ponzi scheme, has appeared in court for the first time. MORE» |
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News Bites
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FMA debate: Passive v Active
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GoodReturns TV
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[GRTV] Sam Dickie's 2020 outlook
Susan Edmunds speaks to Sam Dickie senior portfolio manager from Fisher Funds about their recent Good Returns Fund Manager of the Year recognition; and gets the low-down on Fisher Funds' investment philosophy and approach for the year. MORE»
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Nothing to worry about AMP Life says
AMP Life executive general manager Thérèse Singleton has told advisers there is nothing to worry about with the proposed sale of the business to Resolution Life. MORE»
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TMM Online
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Southern Cross loan book nears $225 million
Peer-to-peer lender Southern Cross Partners expects its loan book to reach $225 million in the year to March, an increase of nearly 50% on 2019. MORE»
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Expanded role to replace Watney
Southern Cross Health Society has tweaked its top team to replace departing chief marketing officer Chris Watney. MORE»
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How active is your KiwiSaver manager?
Active v passive – a popular discussion topic. Michael Lang discusses the features and benefits of both options. MORE»
