NZX 50 rallies as SkyCity hits three-month high on hotel sale

Forsyth Barr pares gentailer price targets on softer futures.

New Zealand’s S&P/NZX 50 index joined a rally across Asia, with tech stocks again in hot demand ahead of results from US majors Alphabet and Intel and buoying the likes of local data centre investor Infratil.

SkyCity Entertainment Group led the benchmark index higher as the casino operator hit a three-month high after agreeing to sell its Grand Hotel in Auckland for an undisclosed sum.

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Generate's KiwiSaver funds got their turn in the sun in the June quarter Wednesday, July 22nd, 8:03AM It was Generate’s turn to shine in the league of KiwiSaver returns for the June quarter with its balanced, moderate and conservative funds all delivering the best returns in the three months while its growth fund ranked second best. MORE»

Unilaterally changing mortgage arrears payment dates leads to trouble Tuesday, July 21st, 10:50AM When repaying debt, timing can be as important as the repayment amount as one borrower found out when served with a Property Law Act (PLA) notice. MORE»

Government looking at wholesale investor loophole

The government has finally agreed to start looking at closing the wholesale investment loophole.

Commerce Minister Cameron Brewer. Photo / Supplied

Commerce Minister Cameron Brewer earlier this release launched a new phase of capital markets reform which looks at the contorverial wholesale investor loophole along with product disclosure statement regime.

The wholesale investor setting has been controversial for some time as companies used this mechanism to raise capital from unsavvy investors ...MORE»

How not to become the Kākāpō of Financial Advice Thursday, July 16th, 6:00AM  5 comments [OPINION] Industry veteran Grant Pearson argues with the advent of AI financial services needs to evolve quickly or it will face an uncertain future.  MORE»

[GRTV] How to get better access to advice Tuesday, July 14th, 7:48AM  3 comments Watch FMA Director of Deposit Taking, Insurance, and Advice Michael Hewes talks about access to financial advice, what the regulator can do and the role stakeholders play. MORE»

News Bites

Russell Investments sold

A US consortium is planning to buy Russell Investments. MORE»

GoodReturns TV

[GRTV] How to get better access to advice

Watch FMA Director of Deposit Taking, Insurance, and Advice Michael Hewes talks about access to financial advice, what the regulator can do and the role stakeholders play. MORE»

NZ’s economy is beginning to turn around while Australia is showing signs of fatigue

New Zealand and Australia are once again moving through different phases of the economic cycle, and there are early signs the momentum seems to be shifting in our favour. MORE»

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Former AMP Life policyholders moving to Asteron

Resolution Life, which acquired AMP Life a number of years ago is proposing moving the AMP policyholders to Asteron Life. MORE»

TMM Online

Pace of interest rate increases not clear cut

OCR increases are inevitable off the back of yesterday’s 4.1% inflation figure, but the pace of the hikes remains uncertain to a degree, Westpac says. MORE»

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New MDRT NZ leaders

MDRT has named its new executives for the next 12 months. MORE»

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Annual reviews ‘not serving clients’

KiwiSaver advisers who are reviewing their clients’ investments on an annual basis probably aren’t serving them as well as they could, the founder of an AI business says. MORE»