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Last Article Uploaded: Tuesday, October 22nd, 6:05PM
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NZ shares follow Asia higher; SkyCity falls as fire rages

New Zealand shares were broadly stronger, joining the upbeat mood across Asia. SkyCity Entertainment Group hit a seven-week low as a fire atop the firm's new international convention centre raged throughout the day.

Tuesday, October 22nd, 6:05PM

The S&P/NZX 50 Index increased 27.64 points, or 0.3 percent, to 11,090.39. Within the index, 23 stocks rose, 21 fell and six were unchanged. Turnover was $96.3 million with just four stocks trading on volumes of more than a million shares. 

Asian markets followed Wall Street higher as investors took heart from positive noises about the US-China trade talks. US President Donald Trump said ...MORE»

Retirement Commissioner: Consider KiwiSpend

Tuesday, October 22nd, 6:00AM  2 comments

Acting Retirement Commissioner Peter Cordtz is lending support to the idea of KiwiSpend – a Government-administered annuity to help people turn KiwiSaver savings into an income.

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Mercer questions sustainability of NZ pension scheme

Monday, October 21st, 6:00AM

New Zealand’s pension system has been rated B- and placed eighth in the world in a new index, with a warning that it’s not sustainable.

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[The Wrap] Millennial investors, KiwiSaver and property investment

It was a surprise to see the Retirement Commissioner drop a press release suggesting KiwiSaver should be able to be used to buy investment property.

Saturday, October 19th, 9:00AM

My first reaction was this is stupid. KiwiSaver is meant to be a locked-in scheme for people’s retirement.

But with a little more thought I’ve come around to thinking it’s not such a dumb idea.

A key part of my argument is that millennials have a very different approach to investing. (You’ll read more about this in our magazines, but one of the takeouts is that advisers wanting ...MORE»

Advisers welcome Aegis sale

Friday, October 18th, 6:00AM  1 comment

Advisers are optimistic about the future for Aegis now that ASB has agreed to sell the platform to MMC.

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Advisers not dropping out, Financial Advice NZ says

Thursday, October 17th, 6:52AM  1 comment

Financial Advice NZ says most advisers plan to remain in the sector under the new licensing regime – and most will take their own licence.

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FE Investments gets ratings boost on capital raise

Friday, October 4th, 8:04PM

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Time for changes to KiwiSaver

Wednesday, September 25th, 3:43AM

KiwiSaver has done well in its first 12 years, but David Boyle only gives it a score of 6.5 or 7 out of 10. In this interview with Good Returns TV he discusses changes he would like to see. MORE»

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Advisers should pass level five with few problems: Hill

Sunday, October 20th, 8:25PM

It’s in insurers’ interests to make sure that advisers are supported through to the new regime, Asteron Life’s executive general manager of distribution, Graeme Hill, says. MORE»

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ANZ reveals stance on FAPs

Monday, October 21st, 7:47AM  2 comments

ANZ has laid out its position on the new regulatory regime, stating it will work with adviser businesses and groups that hold a financial advice provider licence. MORE»

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Wealthpoint expands head office team

Monday, October 21st, 6:57AM

New adviser group Wealthpoint has made two new head office appointments MORE»

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FMA: Time to show what KiwiSaver members get for fees

Thursday, October 10th, 6:00AM  6 comments

KiwiSaver providers can expect pressure to show what value they're giving members, after an analysis prepared for the Financial Markets Authority showed they charge higher fees than comparable British funds. MORE»

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