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Last Article Uploaded: Thursday, May 23rd, 6:30PM
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Fletcher Building continues its good run

New Zealand stocks rose, led higher by Fletcher Building as the construction company extended a recent rally. Metro Performance Glass jumped 13 percent after meeting its downgraded earnings guidance.

Thursday, May 23rd, 6:08PM

The S&P/NZX 50 Index increased 25.93 points, or 0.3 percent, to 10,263.41. Within the index, 20 stocks rose, 22 fell, and eight were unchanged. Turnover was $102 million.

Fletcher rose 3 percent to $5.46 on a volume of 2.5 million shares, more than twice its 90-day average of 1.2 million. The country's biggest listed building company has climbed 6.8 percent since May 17, when a Deloitte report ...MORE»

SFO raids office of Dunedin AFA

Thursday, May 23rd, 3:44PM

The Serious Fraud Office, with the assistance of the Financial Markets Authority, has executed search warrants this morning in relation to an investigation concerning the Dunedin-based financial adviser.

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[GRTV] We have to prove we are not the bad guys: Ballantyne

Thursday, May 23rd, 12:25PM

Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims.

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[GRTV] Good conduct and culture drives out the snake oil

Reserve Bank governor Adrian Orr talks to Philip Macalister about good conduct and culture and what needs to change in the life insurance market.

Thursday, May 23rd, 6:24AM  3 comments

Orr says life insurance companies are good businesses, but there needs to be a lot of change in how they are run. 

The Reserve Bank and Financial Markets Authority has done Culture and Conduct reports on both banks and life companies and found that the latter was in worse shape than banks.

Orr says the regulators want to see change and their preference is that the change comes from the companies ...MORE»

FundSource finally sold - Sort of

Thursday, May 23rd, 6:00AM  1 comment

The NZX has finally announced a sale of its fund management research business FundSource to an Australian company - however the deal is still conditional.

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Aegis on the block - potentially

Wednesday, May 22nd, 6:00AM

ASB has announced that it is reviewing ownership of its Aegis wrap platform and may sell it.

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ANZ cans advice service - what next for NZ?

Friday, May 24th, 6:00AM

ANZ is dropping a key advice service in Australia. MORE»

GoodReturns TV
  

[GRTV] We have to prove we are not the bad guys: Ballantyne

Thursday, May 23rd, 12:25PM

Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims. MORE»

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[GRTV] Good conduct and culture drives out the snake oil

Thursday, May 23rd, 6:24AM  3 comments

Reserve Bank governor Adrian Orr talks to Philip Macalister about good conduct and culture and what needs to change in the life insurance market. MORE»

TMM Online
  

Small banks fire warning on capital requirements

Thursday, May 23rd, 1:47PM

Four smaller banks have warned that the Reserve Bank's new capital proposals could inadvertently widen the competitive gap between them and the big four. MORE»

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Salt makes two key appointments

Thursday, May 23rd, 8:51AM

Salt Funds Management has appointed a Chief Investment Officer and a Head of Data Science. MORE»

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Investors deserve clearer insights

Wednesday, May 8th, 10:42AM  1 comment

The risk with risk indicators MORE»

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