NZX50 gains 1% this week as Infratil shines
Stocks across Asia were weaker on Friday as Middle East conflict weighs.
New Zealand’s S&P/NZX 50 index rose for a second week, with the benchmark powered ahead by Infratil’s best week since December 2020, when AustralianSuper’s ill-fated takeover bid prompted investors to rethink their valuations on the stock.
A soft Friday session didn’t dent the weekly gain, with the NZX50 joining Asian markets lower after the US and Iran exchanged fire in ...MORE»
FNZ to build advice platform for FirstCapeFriday, May 8th, 8:59AM
FNZ and FirstCape deepen strategic partnership as FirstCape becomes an FNZ Select partner MORE» |
MAS turns to OMNIMax for advice solutionWednesday, May 6th, 4:17PM
OMNIMax signs agreement with Medical Assurance Society to develop custom advice solution. MORE» |
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New fund range answers adviser call for flexible KiwiSaver alternative
Booster’s Wealth Series is the Wellington-based fund manager’s answer for investors looking to combine a level of active management with competitive value. MORE »
Moneta: Strengthening KiwiSaver advice with digital tools from OMNIMax
KiwiSaver had always been part of client conversations at Moneta. But as compliance expectations increased and clients began expecting faster, clearer, and more digital experiences, the team saw an opportunity to enhance the way they delivered KiwiSaver advice. MORE »
Former Kiwi Wealth boss turns to advice
Former Kiwi Wealth chief executive Rhiannon McKinnon is hoping her new advice business will help New Zealanders who want completely independent assistance.
McKinnon has recently founded Cass Advice, initially targeting KiwiSaver.
“I’ve been thinking about financial advice for years, ever since I left Kiwi Wealth,” she said, “and how to close the advice gap that the FMA is so keen for us to do.”
She said she had always thought the way to deliver unconflicted advice was to offer a user-pays model but it had not been the way ...MORE»
Stobo resigns FMA chair after investigationMonday, May 4th, 3:44PM 9 comments
Craig Stobo has resigned as Financial Markets Authority chairman following an investigation into his overseas travel and public comments. MORE» |
Sharesies opens advice offering to New Zealand investorsFriday, May 1st, 6:43PM 1 comment
Investment platform Sharesies has 20,000 people signed up to its advice offering, which is now available to the full New Zealand market. MORE» |
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News Bites
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FMA to tackle Finfluencers
The Financial Markets Authority has joined regulators across the globe in a co-ordinated Global Week of Action Against Unlawful Finfluencers to tackle the risks involved with unlawful financial promotions by online influencers. MORE»
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GoodReturns TV
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
SaaSacre – Generational buying opportunity or Great Value Destroyer?
Octagon Asset Management Equity Analyst James Cameron asks whether AI will kill SaaS companies or will some prosper? MORE»
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When a night is not a night
[OPINION] A short while ago, I wrote about an insurer’s disability product policy wording requiring that the insurer be notified if the life insured’s occupation changes. Something not mandatory with other mainstream providers as far as I can tell. MORE»
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TMM Online
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Banks spend big for little gain
Cashback campaign cost banks millions for little change in mortgage customer share MORE»
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Avanti to grow its funds management business
Avanti Finance appoints GM of Avanti Capital to support strategic growth MORE»
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KiwiSaver value for money not set and forget
Financial advisers need to remember that value-for-money is an ongoing expectation in KiwiSaver, one financial advice technology specialist says, not something that can be dealt with once and ticked off. MORE»
