nib on deal hunt as profits rise
Health insurer nib is on the lookout for acquisitions after posting an operating profit of $27.4 million for its New Zealand business last year.
The company said the profit boost, in the year to June, was up 3.8% on the previous financial year. Revenue in New Zealand grew by 1.9% to $214.9 million over the year, the company said in a statement to the Australian Stock Exchange.
It comes as nib Holdings, the group’s Australian parent company, recorded an operating profit of A$184.4 million, and profit after tax of A$133.5 million.
The company has revealed it is on the lookout for potential acquisitions in New Zealand ...MORE»
Investor confidence dropsMonday, August 20th, 6:32AM
Managed funds’ strong performance over recent years hasn’t been enough to convince investors they should put their money in them. MORE» |
[The Wrap] FARs just RFAs spelt differently; Invest responsiblyFriday, August 17th, 2:00PM 1 comment
Advisers get a wake up call on regulation and given a date to make a decision by; Ignoring responsible investing isn't an option and a case of spinning numbers. MORE» |
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Q&A with PM Capital CIO Paul Moore
Award-winning fund manager PM Capital has launched a new generation listed investment company. Go 2025. The company founder and chief investment officer, Paul Moore, explains what the fund is all about and what PTrackERS are. MORE »
Ballantyne opens up on her career
Partners Life managing director Naomi Ballantyne has opened up on her time in the life insurance industry in a new podcast.
In “High Altitude” she talks about her upbringing and how she ended up with a career in life insurance.
She also talks in detail about her time at Sovereign and how she had to leave after ASB bought the business.
One of the reasons is that the bank had a different way of running the business and that didn’t sit with the culture and philosophy she had been building at the company.
Ballnatyne says the bank had the right to make the changes it did but she would have looked like a hypocrite if she implemented them ...MORE»
Kiwi managers become more responsibleFriday, August 17th, 6:00AM
New Zealand fund managers doubled the amount of money they allocated to responsible investment strategies last year, according to a new study on environmental, social, and governance practices. MORE» |
NZ shares rise as Skellerup posts record profitThursday, August 16th, 6:21PM
New Zealand shares rose, led higher by a record profit from Skellerup Holdings, as investors focused more on domestic earnings than volatility in global markets. Precinct Properties New Zealand also gained. MORE» |
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Ross investors upset at distribution plan
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Lower long-term rates predicted
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Perpetual Guardian appoints head of Investment Advice
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NZ Funds targeting clients' points of pain
NZ Funds has launched a new pension transfer service with a difference: its nationwide UK pension transfer team are offering to do the transfer advice and processing free of charge, before passing the client back to their adviser to be advised within the context of their usual ongoing advice relationship. MORE»
