NZ shares follow Asia higher; SkyCity falls as fire rages
New Zealand shares were broadly stronger, joining the upbeat mood across Asia. SkyCity Entertainment Group hit a seven-week low as a fire atop the firm's new international convention centre raged throughout the day.
The S&P/NZX 50 Index increased 27.64 points, or 0.3 percent, to 11,090.39. Within the index, 23 stocks rose, 21 fell and six were unchanged. Turnover was $96.3 million with just four stocks trading on volumes of more than a million shares.
Asian markets followed Wall Street higher as investors took heart from positive noises about the US-China trade talks. US President Donald Trump said ...MORE»
Retirement Commissioner: Consider KiwiSpendTuesday, October 22nd, 6:00AM 2 comments
Acting Retirement Commissioner Peter Cordtz is lending support to the idea of KiwiSpend – a Government-administered annuity to help people turn KiwiSaver savings into an income. MORE» |
Mercer questions sustainability of NZ pension schemeMonday, October 21st, 6:00AM
New Zealand’s pension system has been rated B- and placed eighth in the world in a new index, with a warning that it’s not sustainable. MORE» |
[The Wrap] Millennial investors, KiwiSaver and property investment
It was a surprise to see the Retirement Commissioner drop a press release suggesting KiwiSaver should be able to be used to buy investment property.
My first reaction was this is stupid. KiwiSaver is meant to be a locked-in scheme for people’s retirement.
But with a little more thought I’ve come around to thinking it’s not such a dumb idea.
A key part of my argument is that millennials have a very different approach to investing. (You’ll read more about this in our magazines, but one of the takeouts is that advisers wanting ...MORE»
Advisers welcome Aegis saleFriday, October 18th, 6:00AM 1 comment
Advisers are optimistic about the future for Aegis now that ASB has agreed to sell the platform to MMC. MORE» |
Advisers not dropping out, Financial Advice NZ saysThursday, October 17th, 6:52AM 1 comment
Financial Advice NZ says most advisers plan to remain in the sector under the new licensing regime – and most will take their own licence. MORE» |
|
News Bites
|
FE Investments gets ratings boost on capital raise
|
GoodReturns TV
|
Time for changes to KiwiSaver
KiwiSaver has done well in its first 12 years, but David Boyle only gives it a score of 6.5 or 7 out of 10. In this interview with Good Returns TV he discusses changes he would like to see. MORE»
|
Sponsored by: |
|
Advisers should pass level five with few problems: Hill
It’s in insurers’ interests to make sure that advisers are supported through to the new regime, Asteron Life’s executive general manager of distribution, Graeme Hill, says. MORE»
|
TMM Online
|
ANZ reveals stance on FAPs
ANZ has laid out its position on the new regulatory regime, stating it will work with adviser businesses and groups that hold a financial advice provider licence. MORE»
|
Sponsored by: |
|
Wealthpoint expands head office team
New adviser group Wealthpoint has made two new head office appointments MORE»
|
Sponsored by: |
|
FMA: Time to show what KiwiSaver members get for fees
KiwiSaver providers can expect pressure to show what value they're giving members, after an analysis prepared for the Financial Markets Authority showed they charge higher fees than comparable British funds. MORE»
