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Last Article Uploaded: Sunday, September 15th, 2:22PM
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NZ shares fall for 5th day; Z Energy sold off further

New Zealand shares fell for a fifth session, with Z Energy coming in for another heavy day of selling after downgrading its earnings outlook yesterday. Blue-chip stocks were generally weaker.

Friday, September 13th, 5:53PM

The S&P/NZX 50 Index declined 41.65 points, or 0.4 percent, to 10,863.41. Within the index, 28 stocks fell, 17 rose, and five were unchanged. Turnover was $135.7 million, of which Z accounted for $21.1 million.

Z Energy was down 2.6 percent at $5.53, an eight-month low, on a volume of 3.8 million shares, making it the day's most traded stock. Its 90-day average is 643,000 shares. The retail ...MORE»

[The Wrap] The word on good customer outcomes from the top

Friday, September 13th, 4:38PM

A couple of weeks ago I wrote about how there is a lack of clarity around what a good customer outcome looks like. Since then many people have commented.

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No need for Royal Commission

Friday, September 13th, 4:25PM

Finance Minister Grant Robertson says there is no need for a Royal Commission in New Zealand.

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Minister says Govt will force change

Delegates at the Financial Services Council annual conference were given a clear message that they needed to “up their game”, or the Government would intervene.

Friday, September 13th, 4:05PM

The Minister of Commerce and Consumer Affairs, Kris Faafoi, said that “soon” a bill would be introduced to Parliament to address conduct and culture issues.

“The customer needs to be at the heart of what you do.”

In a thinly veiled comment he warned: “Where it is clear parts of the industry are dragging their feet around conduct and culture we will help them to get there ...MORE»

Scrub up or ship out

Friday, September 13th, 4:03PM  1 comment

FMA chief executive Rob Everett says don't knock on my door to find out what good conduct is.

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Booster to list property fund

Thursday, September 12th, 8:15PM

Booster’s Private Land and Property Fund is being opened to retail investors, and is listing on the stock exchange.

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BNZ adopts custom based index

Friday, September 13th, 5:41PM

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[GRTV] Loyal Clients; Happy Clients

Wednesday, September 11th, 5:28PM

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Insurance Centre Sponsored by: 

Adviser ordered to pay $1,000 after 'dragging heels'

Friday, September 13th, 9:44AM

A client who said his insurance adviser took too long to arrange redundancy cover for him has taken his complaint to FSCL. MORE»

TMM Online
  

Banks raise cheap wholesale funding ahead of Spring mortgage surge

Wednesday, September 11th, 10:17AM  1 comment

Westpac and ASB Bank’s success at raising wholesale funds at low interest rates should help fuel competition through the traditionally active Spring mortgage market, says KPMG. MORE»

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Anti-commission advocate appointed to FMA board

Friday, September 6th, 11:34AM  5 comments

Two new appointments have been made to the Financial Markets Authority board; One is opposes commission payments and the other a director who has polarised people. MORE»

KiwiSaver Sponsored by: 

FSC KiwiSaver overhaul: Boost access to advice

Wednesday, September 11th, 6:00AM

Financial advice could be provided free or at a discount to SuperGold cardholders, or be made tax-deductible, the Financial Services Council has suggested among its package of recommendations to overhaul KiwiSaver. MORE»

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Latest Comments
  • Scrub up or ship out
    “What a very rude and arrogant statement from the head of a group who were put in place at government level to assist and...”
    2 days ago by Winka
  • The willful ignorance of a miopic point of view
    “Good examples of why the Internet is the very worst place to get Life, Disability or Health insurance. No one to help when...”
    3 days ago by Tash
  • Anti-commission advocate appointed to FMA board
    “JP I wonder if she has Insurance herself and if she bought direct or has an adviser ? Maybe you should contact her and offer...”
    3 days ago by Macman
  • [GRTV] A taste of MDRT Global
    “Congratulations to Emily Tsai from NZ on being on the main speaker platform. A reflection of the high standards she has always...”
    3 days ago by Bernard McCrea
  • Anti-commission advocate appointed to FMA board
    “Whilst I don't want this to be a personal attack on anyone, the reality is that most people who haven't worked in the financial...”
    3 days ago by Pragmatic
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