[The Wrap] Sorry guys, you can't (or shouldn't) be ignoring RI
Advisers need to be talking to clients about responsible investment options; rather than just putting the questions into the too hard basket.
In the past week I’ve heard a few RI presentations…it’s a highly topical area for fund managers and advisers right now.
What is interesting is the divergence between how tightly managers are embracing RI/ESG practices and the seemingly stand-off approach taken by many advisers.
There’s a presentation Harbour Asset Management does which shows, generally, stocks which score ...MORE»
NZ stocks fall on renewed Brexit uncertainty, dividend payoutsFriday, November 16th, 5:25PM
New Zealand shares fell as Brexit worries and a lack of earnings news let investors with a lack of direction. Three top-50 stocks also went ex-dividend today. MORE» |
NZX Wealth Technologies platform launchesFriday, November 16th, 8:30AM
NZX Wealth Technologies has launched its custodial wrap platform with foundation client Craigs Investment Partners on board offering self-managed investment services. MORE» |
Bank staff pushing investments, insurance
If you think bank staff are being encouraged to push clients into investments and insurance that aren’t necessarily right for them, you’re probably correct.
The Financial Markets Authority has released its review of bank incentive structures. It found bank staff earned $17 million in incentives across the nine banks in the year to March, about 9 per cent of their total pay.
Director of regulation Liam Mason said, after putting the focus on advisers for some time, it “only fair” to look at what was happening with banks.
The review found incentive ...MORE»
No code before ChristmasThursday, November 15th, 6:00AM
A new code of conduct for financial advisers will not be signed off this year. MORE» |
Advisers told to prepare for more complaintsWednesday, November 14th, 6:24AM 1 comment
Financial advisers have been warned to expect a wave of complaints to come when markets turn - as they will inevitably do. MORE» |
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News Bites
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Property Manager brings its largest offer to market
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GoodReturns TV
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[GRTV] Great advice from the best
In our second show from the Financial Advice NZ conference Good Returns talks with popular keynote speakers Don Connelly and Michael Harrison. MORE»
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Date for deal to be revealed
ANZ is set to announce the date for the transfer of its OnePath insurance business to Cigna. MORE»
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TMM Online
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Long term house price outlook negative: Westpac
Current low interest rates are likely to sustain house price growth in the near term, but rising rates from 2020 onwards will trigger a fall in the market, economists at Westpac have warned. MORE»
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AMP Capital appoints new fixed income analyst
AMP Capital adds to its fixed interest team as demands come from growth and regulatory change. MORE»
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SuperRatings ranks KiwiSaver schemes
SuperRatings has released its top rated KiwiSaver schemes for 2019, and an analysis of the schemes that provide the highest value on a net benefit basis. MORE»
