Infratil keeps charging as AI optimism persists, driving NZX50 higher

Gentrack seeks to calm naysayers, clawing back some losses.

New Zealand’s S&P/NZX 50 index climbed for a second day, again powered by Infratil as the infrastructure investor’s major new contract for its CDC data centre unit caught a second wind of artificial intelligence optimism as chipmakers around the world were buoyed by Advanced Micro Devices strong quarterly result.

Gentrack led the benchmark higher, clawing back some of its steep losses ...MORE»

MAS turns to OMNIMax for advice solution Wednesday, May 6th, 4:17PM OMNIMax signs agreement with Medical Assurance Society to develop custom advice solution. MORE»

Former Kiwi Wealth boss turns to advice Wednesday, May 6th, 7:57AM Former Kiwi Wealth chief executive Rhiannon McKinnon is hoping her new advice business will help New Zealanders who want completely independent assistance. MORE»

Stobo resigns FMA chair after investigation

Craig Stobo has resigned as Financial Markets Authority chairman following an investigation into his overseas travel and public comments.

Wendy Aldred KC was appointed to do an independent review of Stobo following allegations of an inappropriate relationship with a former FMA staffer, public comments he had made, as well as concerns around an overseas trip.

Aldred recommended Stobo's resignation following her review. She said there was no evidence of an inappropriate relationship between Stobo and a former staff member.

However, ...MORE»

Sharesies opens advice offering to New Zealand investors Friday, May 1st, 6:43PM  1 comment Investment platform Sharesies has 20,000 people signed up to its advice offering, which is now available to the full New Zealand market. MORE»

What the FAP landscape looks like now Thursday, April 30th, 8:02AM  4 comments New Zealand had 10 percent more financial advice providers (FAPs) in 2025 than it did in 2024, new Financial Markets Authority (FMA) data shows, and about 20,000 advisers and nominated representatives offering advice. MORE»

News Bites

FMA to tackle Finfluencers

The Financial Markets Authority has joined regulators across the globe in a co-ordinated Global Week of Action Against Unlawful Finfluencers to tackle the risks involved with unlawful financial promotions by online influencers. 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»

SaaSacre – Generational buying opportunity or Great Value Destroyer?

Octagon Asset Management Equity Analyst James Cameron asks whether AI will kill SaaS companies or will some prosper? MORE»

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When a night is not a night

[OPINION] A short while ago, I wrote about an insurer’s disability product policy wording requiring that the insurer be notified if the life insured’s occupation changes.  Something not mandatory with other mainstream providers as far as I can tell. MORE»

TMM Online

Non-bank lending balloons

The Reserve Bank says residential mortgage lending by non-banks has risen about 30% since the deposit insurance scheme came into force from July 1 last year. MORE»

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Avanti to grow its funds management business

Avanti Finance appoints GM of Avanti Capital to support strategic growth MORE»

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KiwiSaver value for money not set and forget

Financial advisers need to remember that value-for-money is an ongoing expectation in KiwiSaver, one financial advice technology specialist says, not something that can be dealt with once and ticked off. MORE»