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Last Article Uploaded: Wednesday, November 20th, 8:54PM
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Latest Headlines

NZ shares rise; Metlife jumps on takeover talk

New Zealand shares were led higher by Metlifecare after the retirement village operator said it had attracted a sub-par offer from a credible buyer.

Wednesday, November 20th, 6:13PM

The S&P/NZX 50 Index rose 83.25 points, or 0.8 percent, to 10,975.49. Within the index, 27 stocks rose, 16 fell and seven were unchanged. Turnover was $189.1 million.

Metlifecare jumped 12.8 percent to $5.73, a 12 month-high, with 576,000 shares traded. That was more than twice its 90-day average of 248,000, and comes a day after an investor bought 3.6 million shares at $5.05 apiece. Metlifecare's ...MORE»

Details confirmed for transitional licensing

Wednesday, November 20th, 6:00AM

The Financial Markets Authority has confirmed the standard conditions it will require of those seeking a transitional financial advice provider (FAP) licence under the new regime.

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Life stages research shows big differences in outcomes

Tuesday, November 19th, 6:43AM

Lifestages funds are a better option for savers than default KiwiSaver funds, but they’re not all created equal, new research from MyFiduciary suggests.

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Share windfall disappoints

A woman who was expecting $1 million from the sale of shares and instead only received $24,000 took a complaint about the trustee responsible for the sale to FSCL.

Monday, November 18th, 6:10AM

The woman’s husband died suddenly in 2017 and had appointed a professional trustee to act as the executor of his estate.

But a staff member at the trustee’s firm made a mistake in calculating the value of some UK shares the woman’s husband had owned.

She multiplied the share price by pounds rather than pence.

As a result, from late 2017, the woman had been under the impression ...MORE»

More work needed on disclosure rules, SiFA says

Thursday, November 14th, 9:54PM

More information is required on what conflict of interest disclosures will be required of advisers in vertically integrated organisations, adviser group SiFA says.

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When is a client really a client?

Wednesday, November 13th, 10:07PM  15 comments

More clarity is needed on when someone counts as a client under the new financial advice regime, Financial Advice New Zealand says.

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MyFiduciary does JHC deal

Thursday, November 14th, 3:36PM

Finzo has become the first New Zealand business to adopt new technology being distributed in this country through a partnership deal with MyFiduciary. MORE»

GoodReturns TV
  

Time for changes to KiwiSaver

Wednesday, September 25th, 3:43AM

KiwiSaver has done well in its first 12 years, but David Boyle only gives it a score of 6.5 or 7 out of 10. In this interview with Good Returns TV he discusses changes he would like to see. MORE»

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Health insurance coverage jumps

Monday, November 11th, 8:45PM

Just over 1.4 million New Zealanders now have health insurance, a figure the Health Funds Association says shows that people can see the value in it. MORE»

TMM Online
  

BNZ censured over capital failings

Tuesday, November 19th, 4:01PM

The Reserve Bank will increase its supervision of BNZ after capital modelling errors were found. MORE»

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New distribution boss for NZ Funds

Monday, November 18th, 1:50PM

NZ Funds has appointed a chief operating officer, distribution. MORE»

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Life stages research shows big differences in outcomes

Tuesday, November 19th, 6:43AM

Lifestages funds are a better option for savers than default KiwiSaver funds, but they’re not all created equal, new research from MyFiduciary suggests. MORE»

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Latest Comments
  • When is a client really a client?
    “And this subtle upgrade to the understanding of a complaint. Which changes the ISO definition from an expression of dissatisfaction...”
    2 days ago by JPHale
  • When is a client really a client?
    “Just released additional standards from the FMA. Record keeping potentially until 7 years after the death of the life...”
    2 days ago by JPHale
  • When is a client really a client?
    “@ReganT interesting that the two life advisers involved with the code working group discussion are the ones being argued...”
    3 days ago by JPHale
  • When is a client really a client?
    “In a previous reply I responded to the concept of payment as a trigger. I actually agree it’s not. While we don’t often...”
    3 days ago by regant
  • When is a client really a client?
    “Tash are you being deliberately obtuse? I didnt say you have to keep sending/giving disclosure every year, I said you have...”
    3 days ago by regant
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