Interest Rate Cycles: Endings and Beginnings
Harbour Asset Management provides a valuable update on the fixed interest market following the US Federal Reserve latest rate announcement this week.
As expected by the market, the US Federal Reserve lifted the US Fed Funds Rate this week to 1.75%-2.00%. This was the second hike in 2018, and a continuation in a cycle that began in late 2015.
In a post-GFC environment where interest rates are eventually expected to settle at lower levels, it’s natural to ask how far away the US Federal Reserve is to the end of its interest rate cycle.
At the same time, in New Zealand, the Official Cash Rate has been on hold at record lows since the end of 2016, and the focus is on the different issue of when a hiking cycle will eventually begin ...MORE»
What makes an adviser independent, anyway?Thursday, June 21st, 6:00AM 1 comment
What constitutes “independent” advice is one of the issues that will be considered by regulators developing the new regime for financial advice. MORE» |
What New Zealanders want from KiwiSaver may surprise youWednesday, June 20th, 10:27AM 1 comment
NZ Funds has conducted some research on what people like and what motivates their decisions when making KiwiSaver decisions. It makes for interesting reading. MORE» |
NZ Super appoints new CEO
The $38 billion NZ Super Fund has appointed a new chief executive to replace Adrian Orr who left to become governor of the Reserve Bank.
The Board of the Guardians of New Zealand Superannuation, the Crown entity that invests the $38 billion NZ Super Fund, has appointed Matt Whineray as Chief Executive, chair Catherine Savage announced today.
Acting CEO of the Guardians since March 2018, Whineray joined the organisation in 2008 as General Manager, Private Markets. Since 2014 he has been the Guardians’ Chief Investment Officer, responsible for the fund’s investment activity in listed and unlisted markets, both directly and through investment managers ...MORE»
Fees 'still too high'Tuesday, June 19th, 6:00AM
Pie Funds' move to cut performance fees should prompt useful industry discussions - but isn't in itself a good move for investors, Morningstar director of manager research ratings, Asia-Pacific, Chris Douglas says. MORE» |
National: Reserve Bank role needs scrutinyMonday, June 18th, 6:01AM
[UPDATED] National says the New Zealand response to the Australian Royal Misconduct into Misconduct in the Banking, Superannuation and Financial Services Industry has been appropriate - but there's more the government could be doing to ensure banks are behaving. MORE» |
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News Bites
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UDC posts profit
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GoodReturns TV
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[GRTV] The future of insurance commissions
Commerce Minister Kris Faaoi talks to Philip Macalister on Good Returns TV about the future of commissions, law changes planned and churn. MORE»
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'Drop mandatory insurer strength ratings'
Requiring insurers to have financial strength ratings adds cost to the industry but does little to help consumers, industry commentators say. MORE»
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TMM Online
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Kiwis back shared equity schemes
Many New Zealanders would support government-backed "shared equity schemes" to help first home buyers, as they struggle with high prices across the country. MORE»
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AMP appoints new chairman
AMP has hired former Commonwealth Bank head David Murray as its new board chairman. MORE»
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What New Zealanders want from KiwiSaver may surprise you
NZ Funds has conducted some research on what people like and what motivates their decisions when making KiwiSaver decisions. It makes for interesting reading. MORE»
