NZX 50 slides as slowing Chinese growth weighs on a2 Milk
Chilly housing data weighed on Summerset.
New Zealand’s S&P/NZX 50 index dipped as a2 Milk Co led the bourse lower after China’s economic growth unexpectedly fell short of the target range, while Summerset Group Holdings declined as the latest Real Estate Institute of New Zealand figures showed the housing market continued to drift in June.
Infratil offset the broader decline, joining gains among Australian data centre companies ...MORE»
[GRTV] How to get better access to adviceTuesday, July 14th, 7:48AM 1 comment
Watch FMA Director of Deposit Taking, Insurance, and Advice Michael Hewes talks about access to financial advice, what the regulator can do and the role stakeholders play. MORE» |
NZX50 slides as renewed Middle East tensions lift oil pricesMonday, July 13th, 6:17PM
Xero drops as CEO sells shares. MORE» |
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Adviser complains about ANZ campaign
A financial adviser has complained to the Financial Markets Authority about an ANZ campaign offering people $100 to sign up to its KiwiSaver scheme.
It offered the incentive for sign-ups before July 12.
Rachelle Bland, of Cliffe Consulting, told the FMA she saw the offer when she signed in to her banking app.
She said it went against the FMA guidance that incentives should not be offered with a strict time limit that could distract a customer from making sound, long-term decisions about their investment.
“The focus of the advertisement ...MORE»
Pie Funds enters adviser channelThursday, July 9th, 2:23PM
Pie Funds is the latest fund manager and KiwiSaver provider to enter into the financial adviser channel. MORE» |
[GRTV] What's happening in fixed interest marketsTuesday, July 7th, 6:00AM
Fisher Funds Portfolio Manager – Credit, Matt Logan discusses the latest happenings in the fixed interest market with Philip Macalister on Good Returns TV. MORE» |
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News Bites
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Russell Investments sold
A US consortium is planning to buy Russell Investments. MORE»
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GoodReturns TV
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[GRTV] How to get better access to advice
Watch FMA Director of Deposit Taking, Insurance, and Advice Michael Hewes talks about access to financial advice, what the regulator can do and the role stakeholders play. MORE»
Harbour rolls out new global multi-manager fund
Harbour launches a new global equities fund to address concerns about over-exposure to the United States. MORE»
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Medical costs and premiums rising unsustainably – what can advisers do to help their clients?
[OPINION] MORE»
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TMM Online
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Can the NZ economy grow while house prices stagnate?
The question of whether the New Zealand economy can grow much without a recovery in the housing market remains a live issue. MORE»
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Pie Funds pushes into adviser market
Pie Funds appoints experienced manager to spearhead advance into the adviser market. MORE»
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Annual reviews ‘not serving clients’
KiwiSaver advisers who are reviewing their clients’ investments on an annual basis probably aren’t serving them as well as they could, the founder of an AI business says. MORE»
