Booster loses discovery bid to look at rival transactions

Booster Investment Management has lost its application to get hold of documents held by the Financial Markets Authority on how other fund managers operate their private market investments.

In the High Court in Auckland, Justice Michael Arthur turned down the fund manager’s application, saying the evidence of industry practices might be relevant but probably wouldn’t be helpful to the expert witnesses in the FMA’s case against Booster accusing it of breaching related party transaction rules.

The judge ordered discovery for the FMA to provide documents it had created ...MORE»

Govt could cut NZ Super fiscal impact to 5% of GDP by 2065: consultants Wednesday, February 25th, 6:16AM A new paper on New Zealand Superannuation says that the government could reduce the fiscal impact to 5% of GDP by 2065 by both raising the age of eligibility and by linking payments to the consumers price index (CPI). MORE»

Call for money for kids as part of KiwiSaver 2.0 Tuesday, February 24th, 9:12AM Redirecting government KiwiSaver contributions to children and young people could be a way to set them up for life, at little additional cost, KiwiSaver providers say. MORE»

[GRTV] The benefits of global infrastructure

Resolution Capital portfolio managers Mark Jones and Jan de Vos explain why it's time to put global infrastructure into portfolios.

Barely a day goes by without infrastructure being in the news. Often though these stories don’t talk about the investment case of infrastructure.

Last week Sydney-based Resolution Capital portfolio managers Jan de Vos and Mark Jones where in New Zealand talking to advisers about the global infrastructure fund they run.

Infrastructure is a “very defensive asset class,” Jones says, ...MORE»

Investors lose out if worried managers ‘greenhush’ Wednesday, February 18th, 7:28AM  1 comment Investment managers so worried about falling foul of “greenwashing” rules may be going too far the other way and “greenhushing” their investments. MORE»

TAP moves away from traditional aggregation Tuesday, February 17th, 6:10AM  4 comments The Adviser Platform (TAP) is moving away from being a traditional aggregator to opening up its services to anyone in the market. MORE»

News Bites

Shaw and Partners buys Wellington advice firm

Shaw and Partners, previously JMI Wealth, has expanded its reach buying a Wellington-based financial planning business. 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»

Market, meet your new Fed Chair

In its latest Outlook Harbour Asset Management says the Reserve Bank of Australia is something to watch and global equity markets remain volatile even though there is a constructive backdrop. MORE»

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nib back in profit and recovering

Health insurer nib says its New Zealand subsidiary is back in profit and its recovery continues at pace. MORE»

TMM Online

AI isn’t the end of mortgage advisers – it’s about empowerment

While AI is coming for mortgage advice, the real question is whether the industry is leading it or reacting to it. MORE»

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ANZ loses head of asset allocation (again)

The Head of Asset Allocation at ANZ is returning to her old shop to take up a newly-created role. MORE»

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Debtfix takes hardship off providers’ hands

Debt solution charity Debtfix is working with a growing number of KiwiSaver providers, to help them handle their financial hardship withdrawal workload. MORE»