US rate uncertainty buoys local blue chips; NZ shares edge higher
New Zealand shares rose with blue-chips including Auckland International Airport and Ebos Group hitting new highs as investors remain uncertain about whether US and Australian central banks will cut interest rates. Summerset group fell in unusually busy trading.
The S&P/NZX Index increased 11.56 points, or 0.1 percent, to 10,235.37. Within the index, 20 stocks rose, 22 fell, and eight were unchanged. Turnover was $174.7 million, of which Summerset accounted for $54 million.
Equity markets were mixed across Asia, as investors remained uncertain about the impact of the persistent trade dispute between the US and China, while at the same time weighing up ...MORE»
[The Wrap] A global view of financial planningFriday, June 14th, 3:00PM
What a week it's been. This week has been spent at the Million Dollar Round Table annual meeting in Miami. Yep a tough gig, but an amazing insight into financial planning worldwide. MORE» |
Fund classification could trip up investors: AdviserFriday, June 14th, 6:00AM 1 comment
Investors need a better way of understanding how risky a KiwiSaver fund really is, one adviser says. MORE» |
AFA's robo offering hits $1m FUM
An Auckland AFA who launched a roboadvice offer this year has amassed $1 million under management.
Clive Fernandes, who owns and runs National Capital, was given a robo exemption at the end of January.
His roboadvice platform offers KiwiSaver advice, with a small group of providers.
Schemes are shortlisted using the FundSource performance tables and FundSource star ratings.
National Capital then uses Morningstar's quarterly KiwiSaver surveys to determine if the fees charged are reasonable ...MORE»
Sorted denied funding for independent robo offerWednesday, June 12th, 6:00AM
Retirement Commissioner Diane Maxwell says the Commission for Financial Capability applied for funding to create an independent roboadvice tool but was rejected. MORE» |
Adviser only KiwiSaver product in developmentTuesday, June 11th, 1:50AM 3 comments
[UPDATED] Consilium is looking to build a KiwiSaver product which will shake up the market and be distributed through advisers only. MORE» |
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FNZC becomes Jarden
New Zealand investment and advisory firm FNZC today becomes Jarden, MORE»
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GoodReturns TV
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[GRTV] We have to prove we are not the bad guys: Ballantyne
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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New Zealanders not protecting themsleves
New research commissioned by the Financial Services Council (FSC) has revealed many New Zealanders are leaving themselves vulnerable. MORE»
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TMM Online
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Servicing tests to slow house price growth
Tough serviceability tests from the banks will keep house price growth at "gradual" levels across the country, according to research firm CoreLogic. MORE»
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New chief operating officer for Fidelity Life
A former Sovereign manager has been appointed to the role of chief operating officer at Fidelity Life. MORE»
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Fund classification could trip up investors: Adviser
Investors need a better way of understanding how risky a KiwiSaver fund really is, one adviser says. MORE»
