Inland Revenue outlines GST plan
Inland Revenue wants to introduce special rules for determining the GST treatment of fund manager and investment manager services.
It has released an issues paper, on which it seeks feedback until April 9.
It said the current treatment of different types of management services was complex and inconsistent.
Some managers applied 15% GST to all their services, while others applied GST to 10%.
There is a specific exception for management of a retirement scheme. But it does not apply when a retirement scheme invests in a general ...MORE»
NZ shares tank following sudden spread of covid-19Monday, February 24th, 6:11PM
New Zealand shares fell as a sudden increase of coronavirus infections outside Chinese borders unwound earlier confidence the outbreak might be contained. MORE» |
[GRTV] Sam Dickie's 2020 outlookMonday, February 24th, 6:36AM
Susan Edmunds speaks to Sam Dickie senior portfolio manager from Fisher Funds about their recent Good Returns Fund Manager of the Year recognition; and gets the low-down on Fisher Funds' investment philosophy and approach for the year. MORE» |
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Wealthpoint questions efficiency of authorised bodies
With time running out until new regulatory reforms are introduced in late June 2020, Wealthpoint has followed with interest the industry discussions taking place about various FAP structures that may exist post June. MORE »
[The Wrap] Regulators need to be wary of AMP Life deal
One of the biggest deals in New Zealand’s financial services industry is going on largely unnoticed at the moment; arguably because there is so much other change going on at present. It’s time the spotlight was put on the deal.
AMP’s proposal to sell its life business to Resolution Life is the largest transaction in financial services since ANZ bought the National Bank.
AMP has the second largest in-force life insurance book in New Zealand with around 200,000 policyholders.
To date these people have had next to no information about the deal. No doubt when communications start they will have a soothing theme to them ...MORE»
NZ Super Fund: Some coronavirus losses will be recovered, others gone for goodFriday, February 21st, 7:17AM
Coronavirus is likely to take the heat out of the global economy, the NZ Super Fund says, but it still expects 2020 to be a less turbulent year than 2019. MORE» |
Charges laid against KlooghThursday, February 20th, 10:55AM
Former financial adviser Barry Kloogh, who allegedly ran some type of Ponzi scheme, has appeared in court for the first time. MORE» |
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News Bites
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FMA debate: Passive v Active
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GoodReturns TV
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[GRTV] Sam Dickie's 2020 outlook
Susan Edmunds speaks to Sam Dickie senior portfolio manager from Fisher Funds about their recent Good Returns Fund Manager of the Year recognition; and gets the low-down on Fisher Funds' investment philosophy and approach for the year. MORE»
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Nothing to worry about AMP Life says
AMP Life executive general manager Thérèse Singleton has told advisers there is nothing to worry about with the proposed sale of the business to Resolution Life. MORE»
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TMM Online
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Southern Cross loan book nears $225 million
Peer-to-peer lender Southern Cross Partners expects its loan book to reach $225 million in the year to March, an increase of nearly 50% on 2019. MORE»
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Expanded role to replace Watney
Southern Cross Health Society has tweaked its top team to replace departing chief marketing officer Chris Watney. MORE»
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How active is your KiwiSaver manager?
Active v passive – a popular discussion topic. Michael Lang discusses the features and benefits of both options. MORE»
