[The Wrap] Financial advice: mainly male drinkers ... really?

So apparently the advice industry is a male dominated, boozy culture; what rubbish.

You do have to feel for some academics. It seems they need to get out a little bit more rather than sit in their ivory towers dreaming stuff up.

The latest piece of "research" says that women don't become financial advisers as it is a male-dominated industry and has a boozy culture. I've been around financial advice since the 1990s and spend a heck of a lot of my time out at industry ...MORE»

Weaker markets may make fees harder sell Friday, January 24th, 6:00AM It may become harder for fund managers and advisers to justify their fees if markets aren’t delivering the hot returns of the past few years, MJW says. MORE»

NZ shares edge higher as Chinese virus fears weigh Thursday, January 23rd, 6:21PM New Zealand shares edged higher as investors continue to assess the impact of the coronavirus outbreak in China. MORE»

Downside risks reduced

The Harbour Investment Outlook summarises recent market developments; what we are monitoring closely; and our key views on the outlook for fixed interest, credit and equity markets.

The fourth quarter saw global equity markets strengthen as investor risk appetite improved after a phase one trade deal between China and the US was announced, UK elections provided clarity on the path to Brexit and Chinese authorities provided further economic stimulus. Bond yields spiked higher as the risk of a global recession declined.

Over the month, global activity indicators ...MORE»

Govt moves to fix pension 'unfairness' Wednesday, January 22nd, 6:08AM One change coming in a new bill revamping the superannuation system rectifies an unfairness that should have been fixed a long time ago, researchers at the University of Auckland's Retirement Policy and Research Centre (RPRC) say. MORE»

NZ equity returns for the next decade? Wednesday, January 22nd, 5:59AM Jamie Young looks at the above normal returns achieved in 2019, how the market has been tracking since 2005 and what that could mean for 2020 and beyond. MORE»

News Bites

FMA commissions active report

The Financial Markets Authority has appointed researchers at MyFiguciary to study the application of active and passive investment management strategies. MORE»

GoodReturns TV

[GRTV] Apathy still reigns amongst advisers

Finzo chief executive Nick Stewart worries about the lack of guidance on FAPs and suggests regulators should be taking a stronger line of the upcoming changes. MORE»

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Reserve Bank critical of life insurance

New Zealand’s life insurance sector appears to be relatively inefficient, the Reserve Bank says. MORE»

TMM Online

BNZ targets investor market

BNZ has dropped investor home loan rates to the same level as owner-occupier rates, as competition for a resurgent investor market heats up. MORE»

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Fisher Funds distribution head moves on

Fisher Funds’ head of distribution has resigned. MORE»

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KiwiSaver and social responsibility

Some claims of "social responsibility" may need a bit of further investigation. Michael Lang elaborates. MORE»