Shuttered FAP owes around $8 million
The liquidator of deregistered insurance advice firm Foundation Advice Ltd, estimates it owes around $8 million.
Auckland-based Foundation Advice, whose website is still live, offered advice on life and health insurance.
On 26 Oct it was put into liquidation by the Auckland High Court following an application by Inland Revenue for unpaid GST. The Official Assignee was appointed as liquidator.
In the first liquidator’s report filed on the Companies Office website, the Official Assignee says Foundation ...MORE»
Most of the NZX 50 now links top exec pay to ESGWednesday, December 6th, 7:00AM
NZ Inc is getting better at carbon and ESG reporting but has yet to reduce greenhouse gas emissions, water consumption and the amount of waste sent to landfill. MORE» |
Forsyth Barr buys Hobson Wealth to create $30b in funds under adviceTuesday, December 5th, 3:24PM
Forsyth Barr is buying Hobson Wealth for an undisclosed sum, as GoodReturns reported several weeks ago was likely. MORE» |
Sponsored Content
The ‘Magnificent Seven’ and the Rise of Self-Directed Investing
A Q&A with Greg Boland Chief Strategy Officer, Tiger Brokers. MORE »
Generate commits NZD55 million to private equity
The Generate KiwiSaver Scheme has committed to a USD25 million investment with CIM Group, a Los Angeles-based real estate and infrastructure owner, operator, lender and developer, to invest in mid-market North American infrastructure, in sectors including renewable energy, data centres, waste to renewable energy and social infrastructure, alongside a USD7.5 million investment into Novva Data Centers - a U.S.-based data centre company with ambitious growth plans. MORE »
How is inflation impacting renewables?
First Sentier Investors Global Listed Infrastructure Portfolio Manager Rebecca Sherlock discusses the energy trilemma of trying to balance affordability, sustainability and reliability when we set energy policy. MORE »
Financial Advice NZ wants new govt to give advisers a breather
The main message from Financial Advice New Zealand (FANZ) to the new government is essentially “give us time to breathe.”
Interim FANZ chief executive Tony Dench says he's pleased that the National, Act and NZ First coalition government “isn't rushing into regulatory changes.”
“What I'm really looking for is to see a considered and deliberate approach and constructive engagement with the financial sector to make sure that any revisions work well for suppliers, financial advisers and consumers,” ...MORE»
Sustainable investment grows down underFriday, December 1st, 4:00PM
New Zealand, Australia and Japan were the only countries where sustainable investment grew as a proportion of total managed assets in 2022, a new report says. MORE» |
Lessons Charlie Munger taught businessesFriday, December 1st, 10:32AM
Charlie Munger's death just a month shy of his 100th birthday is being mourned the world over and not just by Warren Buffett's Berkshire Hathaway where he was chief financial officer or in his home town of Omaha, Nebraska. MORE» |
|
News Bites
|
Sponsored by: |
|
Auckland FAP has its licence cancelled
The Financial Markets Authority (FMA) has cancelled the financial advice provider (FAP) licence of Foundation Advice Limited. MORE»
|
GoodReturns TV
|
[GRTV] Cracking the mass affluent market
GRTV talks to Kernel Wealth Management’s Dean Anderson about a massive inter-generational transfer of wealth on the way and what it means for advisers. MORE»
|
Investments
|
Sponsored by: |
|
Harbour Outlook: Economic Crosscurrents
|
Sponsored by: |
|
Lindsay learns the benefits and pitfalls of the product he sold for 52 years the hard way
Graeme Lindsay learned the benefits and pitfalls of health insurance first-hand the hard way after selling the product as an adivsor and/or broker for 52 years, and another couple of years as an advisor to the industry through his firm, Strategy Financial Services. MORE»
|
TMM Online
|
Ten things to know about mortgage debt
The market has been relatively subdued over the past 12-18 months, alongside the downturn in sales volumes and property prices. MORE»
|
Sponsored by: |
|
Haakie to move on
Well-known Chubb general manager - distribution, David Haak, is moving on. MORE»
|
Sponsored by: |
|
Sharesies KiwiSaver, including self-select feature, goes to market
Sharesies has launched its KiwiSaver scheme to the general public having given access to its 31,000 wait-listed Sharesies members last week. MORE»
