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Last Article Uploaded: Wednesday, May 25th, 6:31PM

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F&P Healthcare drags NZX 50 lower

New Zealand’s benchmark equity index fell on Wednesday as its largest stock, Fisher & Paykel Healthcare, slipped almost 4% and the central bank said it would raise interest rates further.

Wednesday, May 25th, 6:30PM

The S&P/NZX 50 Index fell 73 points, or 0.7%, to 11,173.37. Turnover was $177 million.

Fisher & Paykel Healthcare was the biggest drag on the index, falling 3.9% to $19.90 after it reported full year earnings in line with expectations but without much future guidance.

The manufacturer’s net profit fell 28% to $376m and revenue dropped 15% to $1.7 billion as covid-related demand for ...MORE»

Government needs to better fund FMA: Industry

Wednesday, May 25th, 7:36AM

The financial services sector fears the Government is pulling back on its funding of the Financial Markets Authority (FMA) at the same time as it is loading it with greater responsibilities.

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Fund managers seek clarity on FMA’s expectations on fees and commissions

Tuesday, May 24th, 6:06AM  4 comments

Fund managers are beginning to stick their heads over the parapet in the wake of the release last week of the FMA’s Valuer for Money report into KiwiSaver and managed fund fees.

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[The Wrap] Three things we learnt from the FMA Value for Money report

Here are three things we learnt from the Financial Markets Authority Value for Money report. While there is some good stuff in the report there are also things the industry should be worried about.

Saturday, May 21st, 3:18PM  3 comments

I’ve read a lot of reports in my decades covering financial services, and the latest tome from the FMA on Value for Money is unique. Largely because of the way it is written.

Clearly the author(s) think they know more than fund managers – even though their experience as money managers is not disclosed.

To refute arguments with phrases like “this is nonsense” (used twice) isn’t ...MORE»

Fund managers silent on FMA’s hard-hitting fees and commissions report

Friday, May 20th, 8:28AM  1 comment

Fund managers were yesterday ducking for cover when asked for on-the-record comment on a scathing FMA report, released on Wednesday, about fees and commissions charged to investors in KiwiSaver and other managed fund schemes.

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[WATCH] Dealing with drawdowns

Thursday, May 19th, 9:48AM  2 comments

Investors may be worrying about their current returns, but even if you had the best possible portfolio it is impossible to avoid drawdowns.

MORE»

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Flint Wealth gets responsible

Tuesday, April 12th, 11:20AM

Newly minted investment platform Flint Wealth embraces ethical investing. MORE»

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[GRTV] April full interview

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Investments
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Allbirds, from darling to disaster

Friday, May 20th, 9:15AM

In this article we have a look at why Allbirds listing has been such a wild ride. MORE»

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Cigna plans income protection offer for grads, tweaks eApp

Thursday, May 19th, 1:13PM

Cigna New Zealand is working on an income protection offer aimed at young professionals who are new to the workforce. MORE»

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OCR up 50pts: Here is what the bank said

Wednesday, May 25th, 2:00PM

Why the RBNZ hiked the OCR 50 basis points. MORE»

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Brian Gaynor dies

Monday, May 16th, 3:29PM  4 comments

One of the titans of New Zealand's capital markets, Brian Gaynor, passed away this morning after a brief illness. MORE»

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Voluntary savings continue in KiwiSaver – ASB

Thursday, April 7th, 7:36AM

A significant minority of people are making voluntary contributions to their KiwiSaver schemes to take advantage of volatile market conditions, according to research by ASB. MORE»

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