NZX50 sinks 3.1% as oil surges past US$100/bbl; Air NZ hits 17-year low
Markets across Asia were routed.
New Zealand’s S&P/NZX 50 index dropped the most in a day in almost a year as surging oil prices sent stock markets reeling across Asia and pushed up bond yields as traders start betting the Reserve Bank and other central banks will have to raise interest rates to quell any inflationary impulse from the increase in fuel prices.
Air New Zealand tumbled to its lowest level since 2009 on an ...MORE»
Advising on KiwiSaver can create "a moat" for adviser's businesses: GenerateMonday, March 9th, 8:56AM
Generate says providing advice on KiwiSaver can help create “a moat” around an adviser’s business. MORE» |
Former financial adviser cops minimal fineFriday, March 6th, 9:28AM 2 comments
Former financial adviser David McEwen has been convicted and fined for breaching FMA stop orders; but the fine imposed was minimal. MORE» |
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Moneta: Strengthening KiwiSaver advice with digital tools from OMNIMax
KiwiSaver had always been part of client conversations at Moneta. But as compliance expectations increased and clients began expecting faster, clearer, and more digital experiences, the team saw an opportunity to enhance the way they delivered KiwiSaver advice. MORE »
Harbour takes out top award
Morningstar hands out its Fund Manager of the Year Awards.
Habour Asset Management won the Morningstar Fund Manager of the Year award this year and also took out the top award for fixed interest management.
Morningstar says the awards recognise funds and asset managers that have served investors well over the long term and which Morningstar’s manager research team believes will be able to deliver strong risk-adjusted returns over time.
“It’s ...MORE»
Industry wary of KiwiSaver changesWednesday, March 4th, 6:05AM
KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped. MORE» |
Is it the year of the equal-weighted S&P 500 Index?Tuesday, March 3rd, 8:13AM
The Financial Times is wondering whether this year will be the year of the equal-weighted S&P 500 Index while another Kiwi fund manager is recommending funds that track this index as an alternative to following the benchmark capital-weighted US index. MORE» |
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News Bites
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Shaw and Partners buys Wellington advice firm
Shaw and Partners, previously JMI Wealth, has expanded its reach buying a Wellington-based financial planning business. MORE»
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GoodReturns TV
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Fisher Funds moves to woo advisers back
After years of neglecting the adviser market, the investment manager is going on the charm offensive. MORE»
Market, meet your new Fed Chair
In its latest Outlook Harbour Asset Management says the Reserve Bank of Australia is something to watch and global equity markets remain volatile even though there is a constructive backdrop. MORE»
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Life cover benefits can be at risk of terminal illness
[Opinion] Life cover benefits designed to support surviving family members on the death of a client can be at risk if they are used ‘early’ to fund terminal illness, perhaps even to the point where the family is left with too little, resulting in a failure of the insurance to perform its purpose. MORE»
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TMM Online
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Rising sophisticated cyber attacks aimed at advisers
Advisers are being urged to be on heightened alert after a sharp increase in hard to spot malicious email activity. MORE»
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Haven focusses on adviser growth
Haven focusses on adviser development with the appointmentof a head of adviser growth and success. MORE»
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Advising on KiwiSaver can create "a moat" for adviser's businesses: Generate
Generate says providing advice on KiwiSaver can help create “a moat” around an adviser’s business. MORE»