NZX 50 inches lower, avoids Asia’s stumble on Samsung earnings

Sky rallies on NRL rights win.

New Zealand’s S&P/NZX 50 index dodged a cool wind across most of Asia, with South Korea’s Kospi tumbling 8% as Samsung Electronics’ surging profit failed to impress hyped expectations.

The local index was fractionally weaker as power companies weighed on the bourse, while Infratil gave back some of Monday’s gains on the uplift in value for its CDC data centre business.

The ...MORE»

[GRTV] What's happening in fixed interest markets Tuesday, July 7th, 6:00AM Fisher Funds Portfolio Manager – Credit, Matt Logan discusses the latest happenings in the fixed interest market with Philip Macalister on Good Returns TV. MORE»

KiwiSaver members need more advice at retirement, panellists say Monday, July 6th, 9:09AM New Zealanders could get better results from KiwiSaver if they had more help through the decumulation phase, audience members at a recent Mercer conference were told. MORE»

Why 12% Could Be the Most Important Number in KiwiSaver

For years, New Zealand's retirement savings debate has revolved around broad concepts: adequacy, participation, and sustainability. The latest KiwiSaver discussion is more tangible. It centres on a single number.

By Greg Smith, Generate KiwiSaver Investment Specialist.

That number is 12.

National's proposal would gradually lift KiwiSaver contributions so that employees and employers each contribute 6% by 2032, creating a combined savings rate of 12%.

On the surface, it is simply a contribution increase. In reality, it represents something much bigger. It is a recognition that meaningful retirement outcomes ...MORE»

Ethical investing needs to grapple with AI challenges: Pathfinder Wednesday, July 1st, 6:00AM Pathfinder chief executive John Berry says demand for ethical investing continues to grow, even as developments in technology throw up new challenges. MORE»

Mortgage fraud and advisers’ commissions under the FMA microscope Tuesday, June 30th, 7:49AM  11 comments The Financial Markets Authority (FMA) is going after advisers and FAPs who flout its rules and pose significant risks for borrowers. MORE»

News Bites

Summit to examine financial advice policy, regulation, and professional standards

Financial Advice New Zealand is launching an Advice Policy Summit in conjunction with the Financial Planning Standards Board Asia Pacific Forum. MORE»

GoodReturns TV

[GRTV] What's happening in fixed interest markets

Fisher Funds Portfolio Manager – Credit, Matt Logan discusses the latest happenings in the fixed interest market with Philip Macalister on Good Returns TV. MORE»

Harbour rolls out new global multi-manager fund

Harbour launches a new global equities fund to address concerns about over-exposure to the United States. MORE»

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FMA focussed on fraud and commissions paid to advisers

The Financial Markets Authority highlights fraud and commissions as key areas of attention over the next 12 months. MORE»

TMM Online

Fifth drop in amount households spend on interest

The amount households have to spend on interest payments has fallen for a fifth consecutive quarter, despite rising living costs. MORE»

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Milford Asset Management confirms three senior hires

Milford Asset Management has appointed a new head of private markets, head of global equities and head of wealth portfolios. MORE»

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Give Total Rem the flick if KiwiSaver compulsory

KiwiSaver providers want more clarity on how total remuneration packages will be treated with any move towards compulsion. MORE»