Boyle gets dream gig

David Boyle has been appointed as the new Retirement Commissioner takimng over from Jane Wrightson.

David Boyle, who has had a strong focus on retirement savings during his extensive experience in the public and private sectors, has been appointed as Retirement Commissioner.

Commerce Minister Cameron Brewer says Boyle “played a key role in establishing KiwiSaver at ING and is currently the general manager of KiwiSaver at Fisher Funds.

“With our much-loved Baby Boomers now somewhere ...MORE»

FMA to review CoFI Guidance Friday, April 10th, 8:07AM  4 comments The Financial Markets Authority (FMA) is considering a limited review of the Conduct of Financial Institutions (CoFI) Intermediated Distribution Guidance before the end of this financial year, confirmed FMA director Michael Hewes. MORE»

Industry wary of KiwiSaver changes Thursday, April 9th, 9:16AM KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped. MORE»

Active manager (sort of) leaves the passive house

NZX’s active management business, QuayStreet Asset Management, is being given a bit more free reign.

As reported earlier QuayStreet’s management is being “externalised” effectively separating it from the Smart business.

The fund manager will be run by a newly established, and independently owned entity, QuayStreet Group.

“The new structure allows QuayStreet to grow its customer base and for Smart and NZX to benefit from its future success. The parties have entered into a ...MORE»

Bond funds likely to deliver out-sized returns: Amova Wednesday, April 1st, 7:07AM Financial markets have priced too much inflation risk into longer-term fixed interest yields, according to Fergus McDonald, head of the bond and currency team at Amova Asset Management. MORE»

Longwave aims to smooth the waters Tuesday, March 31st, 6:00AM For clients approaching retirement, consistent returns become more important than producing the highest possible returns, and so the Longwave Australian Small Companies Fund aims to deliver consistent returns, according to chief investment officer David Wanis. MORE»

News Bites

PAA Legacy Trust supports FANZ

Financial Advice New Zealand (FANZ) has entered a long term strategic partnership with the PAA Legacy Trust to support further development of Campus, its adviser-led, professional development hub designed to deepen capability across the financial advice profession. 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»

Markets intepret OCR review to be on the hawkish side

Financial markets have interpreted the Reserve Bank’s official cash rate (OCR) decision as somewhat more hawkish than expected, pushing the Kiwi dollar higher while wholesale interest rates also rose. MORE»

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Special Events Benefits; great for clients and advisers but beware the time limits

Opinion: There are benefits and options in life, trauma and disability products that allow cover to be increased without underwriting. MORE»

TMM Online

ANZ goes out on a limb and predicts three OCR rises this year

The country’s biggest bank and home loan lender is now predicting three 0.25% OCR rises this year, taking the official cash rate to 3%. MORE»

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Mercer appoints BDM to work with advisers

Former Smartshares General Manager of Business Development and Distribution joins Mercer.  MORE»

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Industry wary of KiwiSaver changes

KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped. MORE»