Covid hits sharemarket - again
New Zealand’s share market fell in tandem with equity markets around the world as the global economy continues to be hampered by covid-19 despite vaccine rollouts.
The S&P/NZX 50 Index fell 143.21 points, or 1.1%, to 12,535.34. Within the index, 30 stocks fell, 16 rose and four were unchanged. Turnover was $147 million.
The fall wiped out almost all the progress made this month as the index moves up and down in volatile jolts, leaving jagged lines painted on the chart.
Wall Street declined for a second time overnight Wednesday and Asian markets followed ...MORE»
Don't overstate importance of 2020 returns: FMA warnsWednesday, April 21st, 12:14PM
The FMA has released a warning to fund managers to not overstate the importance of their 2020 returns due to large fluctuations in the market last year. MORE» |
A KiwiSaver's pandemic panicWednesday, April 21st, 6:00AM 2 comments
A recent complaint investigated by Financial Services Complaints Limited (FSCL) has highlighted the need for personal finance advice before making hasty decisions around changing KiwiSaver fund types. MORE» |
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MMC deliver high client service levels despite disruptive times
MMC are New Zealand’s leading provider of investment administration services to over 100 investment managers, product providers, KiwiSaver schemes and financial advisory groups across New Zealand. Today MMC administer funds with a combined value of over NZD 90 billion. MORE »
Aussie advisers: Not keen on digital advice
Over the ditch ASIC told an Australian Parliament select committee that Aussie advisers have no “appetite for digital advice”. Do Kiwi advisers feel the same?
As part of a consultation into affordable financial advice, the Australian Securities and Investments Commission (ASIC) told a select committee that “There is very little appetite for digital advice among existing advisers.”
ASIC reached this perspective on the market after going through 469 submissions from advisers, licensees and other industry stakeholders.
In answering ASIC’s ...MORE»
Advisers’ role in the National Strategy for Financial CapabilityMonday, April 19th, 6:57AM 8 comments
Minister Clark has presented the National Strategy for Financial Capability to Parliament, Good Returns asks where do advisers fit into the overall plan? MORE» |
Duff calls time on a 63-year insurance careerSaturday, April 17th, 6:07AM
On January 15, 1958, Warren Duff joined the National Insurance Company in Dunedin beginning what was to be a 63-year career in the insurance industry. MORE» |
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Speedy uptake of property fund offer
Investor thirst for returns shows in strong and speedy take-up for PMG, who received a full subscription of $68 million for their Pacific Property Fund. MORE»
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[GRTV] Financial advice transformed my life: Shanks
Financial Advice New Zealand chief executive Katrina Shanks says getting her own financial adviser has transformed her life. MORE»
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Carmel Fisher swims off to retirement
Fisher Funds founder Carmel Fisher is retiring from the boards of three listed investment trusts. MORE»
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Cigna applies new commissions for advisers
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Squirrel launches 95% mortgage
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Returning Kiwi bolsters ranks at Generate KiwiSaver
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A KiwiSaver's pandemic panic
A recent complaint investigated by Financial Services Complaints Limited (FSCL) has highlighted the need for personal finance advice before making hasty decisions around changing KiwiSaver fund types. MORE»
