Pathfinder big winner

Pathfinder was the big winner at the Mindful Money Ethical Investment Awards last night.

Pathfinder Asset Management won, for the second year running, the Most Ethical KiwiSaver provider and Best Retail investment provider.

Mindful Money founder Barry Coates says Pathfinder continues to push the boundaries of good practice. "The judges were impressed by the way that ethical/responsible investment is at the core of Pathfinder’s business model, and investment policies and practices ...MORE»

Advisers face steeper PI premiums, free run-off cover disappears Wednesday, June 29th, 6:00AM “Cover down, premiums up, risk of falling foul of the FMA also up and now it costs to get out of the industry.” MORE»

OBITUARY: Controversial adviser dies at 80 Monday, June 27th, 9:45PM  2 comments A man who went from pioneering financial planner to jailed former company director has died in Auckland. MORE»

FMA sets its sights on cyber security: a new to-do list for embattled financial services providers

The financial services sector recorded the highest number of cyberattacks of any industry group in the first quarter of this year, according to a report by CERT NZ, a government-owned cybersecurity business.

All up, the sector reported 91 attacks, mainly involving phishing and credential harvesting. The next most-attacked industry groups were healthcare and special assistance (13 attacks) and manufacturing (12).

The Financial Markets Authority (FMA) cited these figures last week as it released a new cyber security information sheet for financial services businesses, setting out in detail its expectations ...MORE»

New Code Committee members finally revealed Sunday, June 26th, 5:57PM Finally, the mystery has been solved. MORE»

Could 2022 get better from here, it’s certainly hard to get worse Friday, June 24th, 8:25AM In this article we have examine the causes of recent volatility and a scenario going forward that could see investor sentiment improve. By Stephen Bennie MORE»

News Bites

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Flint Wealth gets responsible

Newly minted investment platform Flint Wealth embraces ethical investing. MORE»

GoodReturns TV

[GRTV] It's time to rethink responsible investing

Kōura Wealth chief executive Rupert Carlyon says responsible investing is good but it's time to rethink some aspects of how it is done. MORE»

Investments

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Could 2022 get better from here, it’s certainly hard to get worse

In this article we have examine the causes of recent volatility and a scenario going forward that could see investor sentiment improve. By Stephen Bennie MORE»

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Uptick in litigation predicted if Insurance Contracts Bill passes in current form

Insurers and their lawyers are urging the government not to scrap the industry’s exemption from the unfair contract terms provisions of the Fair Trading Act 1986, warning of a higher litigation risk, higher premiums and “significant” uncertainty for both insurers and policyholders if the exemption is removed. MORE»

TMM Online

ASB joins ANZ in LVR cuts

ASB has joined ANZ in halting the supply of high Loan to Value Ratio (LVR) loans. MORE»

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OBITUARY: Controversial adviser dies at 80

A man who went from pioneering financial planner to jailed former company director has died in Auckland. MORE»

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Financial Services Council defends KiwiSaver after criticism

The finance industry says it is improving the KiwiSaver system but it is a work in progress. MORE»