Air NZ tumbles to new low as fuel costs mount; NZX50 slides

Xero slides on the ASX as US push knocks bottom line.

Air New Zealand tumbled to a fresh low after warning of mounting losses on rising jet fuel costs, leading the S&P/NZX 50 index lower in a broadly softer day across Asia.

Investors across the region looked ahead to the summit between US President Donald Trump and his Chinese counterpart Xi Jinping, with the late addition of Nvidia chief Jensen Huang raising expectations of a breakthrough on sales ...MORE»

Private markets value responsible investing, lack data, research finds Thursday, May 14th, 8:40AM New Zealand’s private market investors are keen on responsible investing but lack a clear picture of how their investments perform on environmental, social and governance (ESG) measures, new research shows. MORE»

Call for change in way New Zealanders shown their retirement savings future Tuesday, May 12th, 7:53AM New Zealanders may be underestimating how much they need to save for retirement – and calculators that tell different stories aren’t helping, one consultant says. MORE»

FNZ to build advice platform for FirstCape

FNZ and FirstCape deepen strategic partnership as FirstCape becomes an FNZ Select partner

FNZ and FirstCape have deepened their strategic partnership, reflecting a shared focus on supporting advice-led wealth management through technology enabled platforms in New Zealand.

Building on the partnership announced last year, the expanded relationship will see FNZ build, migrate and operate a core platform supporting FirstCape’s wealth and advice businesses in New Zealand, including JBWere ...MORE»

MAS turns to OMNIMax for advice solution Wednesday, May 6th, 4:17PM OMNIMax signs agreement with Medical Assurance Society to develop custom advice solution. MORE»

Former Kiwi Wealth boss turns to advice Wednesday, May 6th, 7:57AM Former Kiwi Wealth chief executive Rhiannon McKinnon is hoping her new advice business will help New Zealanders who want completely independent assistance. MORE»

News Bites

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»

GoodReturns TV

Fisher Funds moves to woo advisers back

After years of neglecting the adviser market, the investment manager is going on the charm offensive.   MORE»

Staying the Course: The Global Rebound in April (and well into May) is a Timely Reminder for Investors

The past six weeks have delivered a powerful message for investors: staying the course works. MORE»

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Is protecting retirement provision a life adviser’s duty? Part One

Opinion: Early death, disease and disability is a risk that can destroy the ability to retire with more than NZ Super. MORE»

TMM Online

Basecorp secures more funding

Basecorp has closed out another securitisation programme raising funds for future lending. 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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Call for change in way New Zealanders shown their retirement savings future

New Zealanders may be underestimating how much they need to save for retirement – and calculators that tell different stories aren’t helping, one consultant says. MORE»