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Last Article Uploaded: Thursday, April 26th, 4:56PM
Latest Headlines

Performance fee questioned

More fund managers are likely to claim performance fees this year for returns that did not outperform the market, a researcher is warning.

Friday, April 27th, 6:00AM

Fund manager Kingfish has been criticised for pulling in $2.4 million in performance fees when it underperformed the index. It invests in New Zealand equities.

Fisher Funds is eligible for a performance fee because the Kingfish portfolio achieved a return for the year to March 31 in excess of the bank bill index rate plus 7%, the performance fee hurdle, and the high-water mark.

The performance fee is formula-driven with half of the performance fee (exclusive of GST) applied by the manager to subscribe for shares in Kingfish at an issue price per share equal to the net asset value per share as at March 31, with the balance of the performance fee paid in cash ...MORE»

An inquiry? Careful what you wish for

Thursday, April 26th, 6:00AM  9 comments

[ROYAL COMMISSION] New Zealand's financial services sector could get more than it bargained for if a Royal Commission were launched in this country, as it has been in Australia.


The Code – Issues for advisers (Part Two)

Tuesday, April 24th, 6:00AM  8 comments


[Opinion] The future of advice is at risk

In my 30-odd years covering this financial services I don't think there has ever been a more important time for the future than right now.

Monday, April 23rd, 7:43AM  7 comments

It feels like we are at a real crossroad which will determine the future of particularly the smaller, independent (not that we are allowed to use that word) financial advice firms.

We have a Parliamentary Select Committee considering the Financial Services Legislation Amendment Bill (FSLAB) and the Code Working Group (CWG) is working on a new set of rules all advisers will have to follow.

On our shores it's easy to see the level of concern by the number of stories and comments being made on Good Returns ...MORE»

Heads roll at AMP Australia

Friday, April 20th, 10:21AM  11 comments

[ROYAL COMMISSION] AMP says it apologises “unreservedly” and its chief executive will stand down immediately, after its misconduct was brought to light by Australia’s banking royal commission.


Degree 'not the answer to industry's problems'

Friday, April 20th, 6:00AM  5 comments

Providing high quality financial planning advice is not that hard and a degree won’t solve the issues present in the industry, an adviser is arguing.


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News Bites

Advisers invited to join Financial Advice NZ

Tuesday, April 24th, 12:00PM  2 comments

Financial Advice NZ is taking the next step in its development – attracting members. MORE»

GoodReturns TV

[GRTV] The future of insurance commissions

Wednesday, April 18th, 10:40AM  2 comments

Commerce Minister Kris Faaoi talks to Philip Macalister on Good Returns TV about the future of commissions, law changes planned and churn. MORE»

Insurance Centre Sponsored by: 

nib adds free travel insurance

Sunday, April 22nd, 12:00PM  2 comments

Health insurer nib has added complementary travel insurance for all new Ultimate Health customers. MORE»

TMM Online

New CEO for Kiwibank

Thursday, April 26th, 1:10PM

Kiwibank announced today that former ASB executive Steve Jurkovich will be taking the helm as the bank’s fourth chief executive. MORE»

People and Events Sponsored by: 

From university to FMA

Thursday, April 26th, 2:57PM

A new appointment has been made to the Financial Markets Authority board. MORE»


Advisers: Fee move will make little difference

Wednesday, March 28th, 5:59AM  6 comments

KiwiSaver investors will soon see the fees they pay displayed in dollar terms - but advisers are not convinced it will have any effect. MORE»

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Latest Comments
  • An inquiry? Careful what you wish for
    “In some circles, the small guys band together and fight and win a few rounds why is this not happening in our industry...”
    2 hours ago by retired blogger
  • An inquiry? Careful what you wish for
    “Hi Paul Maybe you didn’t read what Mr Orr said? He said “NZ’s bank culture is infinitely better”. That is outside...”
    21 hours ago by Brent Sheather
  • An inquiry? Careful what you wish for
    “@Barry It was easy to see the point Ms Orr was trying to make - a good headline (some might say that I've done that myself...”
    22 hours ago by Murray Weatherston
  • An inquiry? Careful what you wish for
    “@Barry It was easy to see the point Ms Orr was trying to make - a good headline (some might say that I've done that myself...”
    22 hours ago by Murray Weatherston
  • An inquiry? Careful what you wish for
    “ My favorite recent question at the commission to the Association of Financial Advisers; 'If an ASIC banning order isn't...”
    22 hours ago by Barry Read
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