NZX50 joins ASX200 lower as refinery fire weighs

Ebos came in for some selling ahead of next week’s investor day.

New Zealand’s S&P/NZX 50 index joined Australia lower as the fire at Viva Energy’s refinery in Geelong knocked energy companies on the other side of the Tasman and a resilient Aussie jobs market kept alive expectations for rate hike next month by the Reserve Bank of Australia.

Ebos Group was a drag on this side of the Tasman ahead of the health products maker’s big investor day ...MORE»

FMA takes pulse of KiwiSaver private assets Thursday, April 16th, 4:33AM KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is. MORE»

Boyle gets dream gig Tuesday, April 14th, 8:11PM  2 comments David Boyle has been appointed as the new Retirement Commissioner takimng over from Jane Wrightson. MORE»

FMA to review CoFI Guidance

The Financial Markets Authority (FMA) is considering a limited review of the Conduct of Financial Institutions (CoFI) Intermediated Distribution Guidance before the end of this financial year, confirmed FMA director Michael Hewes.

Hewes said the FMA was looking at whether “targeted, limited updates” to the Guidance were needed following the Commerce Commission’s Market Study into personal banking services during his talk at last month’s National Adviser Conference.

“The Market Study highlighted how distribution settings can affect competition and consumer choice and outcomes, particularly through ...MORE»

Industry wary of KiwiSaver changes Thursday, April 9th, 9:16AM KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped. MORE»

Active manager (sort of) leaves the passive house Sunday, April 5th, 10:04AM  1 comment NZX’s active management business, QuayStreet Asset Management, is being given a bit more free reign. MORE»

News Bites

PAA Legacy Trust supports FANZ

Financial Advice New Zealand (FANZ) has entered a long term strategic partnership with the PAA Legacy Trust to support further development of Campus, its adviser-led, professional development hub designed to deepen capability across the financial advice profession. MORE»

GoodReturns TV

Fisher Funds moves to woo advisers back

After years of neglecting the adviser market, the investment manager is going on the charm offensive.   MORE»

Markets intepret OCR review to be on the hawkish side

Financial markets have interpreted the Reserve Bank’s official cash rate (OCR) decision as somewhat more hawkish than expected, pushing the Kiwi dollar higher while wholesale interest rates also rose. MORE»

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Special Events Benefits; great for clients and advisers but beware the time limits

Opinion: There are benefits and options in life, trauma and disability products that allow cover to be increased without underwriting. MORE»

TMM Online

Economists at war over OCR forecasts

ANZ suggests the RBNZ will rise three times this year. Kiwibank says "reckless" rate hikes unwarranted. MORE»

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Mercer appoints BDM to work with advisers

Former Smartshares General Manager of Business Development and Distribution joins Mercer.  MORE»

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FMA takes pulse of KiwiSaver private assets

KiwiSaver managers are likely to expand their allocation to private assets in the coming years, the Financial Markets Authority says, but one investment adviser says there should be more demand for it than there is. MORE»