[The Wrap] Into the unknown
We're days out from transitional licensing opening and still there are questions which remain unanswered.
It's taken what seems like forever, to get to the start of transitional licensing for financial advisers. Despite having all this time to prepare many advisers still seem unsure about what route to take.
There is an expectation that there will be thousands of FAPs once transitional licensing closes next year. However, there are signs this maybe changing. At the TMM Better Business Conference for ...MORE»
NZ Funds launches new optionsFriday, November 22nd, 5:00AM
NZ Funds says its new suite of KiwiSaver-esque funds are designed to be used in conjunction with a financial advice process to help investors hit their goals. MORE» |
NZ shares fall as US-China trade concerns weigh on markets; Ryman slipsThursday, November 21st, 6:14PM
New Zealand shares joined the lull across Asia-Pacific markets as investors grow increasingly pessimistic about China-US trade relations. Ryman Healthcare fell on disappointment that its earnings forecast wasn't stronger. MORE» |
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Introducing AIA Vitality ambassador: Ian Jones
In a career that spanned some 11 years, Ian Jones played over 100 games for the mighty All Blacks – 79 of those test matches. MORE »
Insurance, KiwiSaver could help out-of-work NZers
New Zealanders could be covered by mandatory unemployment insurance, or required to set up portable redundancy savings accounts linked to KiwiSaver, to help boost income security, the Productivity Commission has suggested.
It has released a draft report on employment, labour markets and income, which said that New Zealanders had few supports available to them if they were out of work.
It noted that few people had private insurance that would cover them for redundancy and it was expensive, or impossible to get, for people with a high risk of job loss.
"Some insurers offer redundancy cover, usually as part of an ...MORE»
Details confirmed for transitional licensingWednesday, November 20th, 6:00AM 1 comment
The Financial Markets Authority has confirmed the standard conditions it will require of those seeking a transitional financial advice provider (FAP) licence under the new regime. MORE» |
Life stages research shows big differences in outcomesTuesday, November 19th, 6:43AM 1 comment
Lifestages funds are a better option for savers than default KiwiSaver funds, but they’re not all created equal, new research from MyFiduciary suggests. MORE» |
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News Bites
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Morningstar backs InvestNow
Morningstar has deployed a suite of web components for retail investment platform InvestNow. MORE»
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GoodReturns TV
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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»
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Health insurance coverage jumps
Just over 1.4 million New Zealanders now have health insurance, a figure the Health Funds Association says shows that people can see the value in it. MORE»
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TMM Online
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NZCU Baywide buys Co-op Money NZ
Credit union NZCU Baywide has acquired Co-op Money NZ, the supplier of infrastructure and banking services to the nation's credit unions and building societies. MORE»
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Fidelity appoints chief underwriter
Fidelity Life has appointed a new chief underwriting manager. MORE»
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Nikko attracts big balances
Nikko’s new KiwiSaver scheme is attracting savers with large balances, rather than large numbers of savers. MORE»
