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Last Article Uploaded: Wednesday, May 27th, 9:51PM

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NZ shares buoyed by Mainfreight's upbeat outlook

New Zealand shares were led higher by Mainfreight after the logistics group's earnings weathered the worst of the covid-19 crisis at a time when investors grow more optimistic about the global economy reopening.

Wednesday, May 27th, 7:11PM

The S&P/NZX 50 Index rose 134.45 points, or 1.2 percent, to 11,049.19. Within the index, 38 stocks rose, 10 fell and two were unchanged.

Mainfreight led the market higher, up 13.9 percent at $41 after keeping its final dividend unchanged and reporting a small increase in annual underlying earnings. Its result was pushed around by new accounting rules.

Sam Dickie, a senior portfolio manager at ...MORE»

Retirement Commissioner: Collective effort from advisers needed

Wednesday, May 27th, 6:00AM  2 comments

Advisers may need to find a way to work collectively to help New Zealanders through the Covid-19 disruption, Retirement Commissioner Jane Wrightson says.

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FSC: Advisers more important than ever

Tuesday, May 26th, 6:03AM

New Zealanders who have a financial adviser are coping much better with the disruption of Covid-19 than the wider population, the Financial Services Council says.

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Warning association numbers could fall

Financial Advice New Zealand numbers have lifted during the lockdown – but there’s a warning that there might be a slump ahead.

Monday, May 25th, 5:43AM  5 comments

Chief executive Katrina Shanks said there had been 20 new applications for membership in the past month.

Normally, a typical month would include both new applicants and advisers retiring, the numbers of which would even each other out. But there had not been those retirements in recent weeks.

There is now a total of 1,655 Financial Advice NZ members.

In April last year, it had 1,680.

At the time ...MORE»

Will corporates embrace remote working?

Friday, May 22nd, 6:31AM

Will the success of corporate employees working from home during lockdown lead to a permanent shift to workers being home-based? 

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Winners and losers of FMA levy hike

Thursday, May 21st, 7:33AM  3 comments

The financial services industry must cough up more cash for its watchdog because the government is cutting the amount it funds the Financial Markets Authority to 17 percent of its total budget by 2023.

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Professional IQ launches level five version two

Monday, May 25th, 4:23PM

Professional IQ College (PIQ) is now open for enrolments for version two of the New Zealand Certificate in Financial Services (level five). MORE»

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[GRTV] Investment themes for this decade

Sunday, March 22nd, 10:00AM

AMP Capital managing director Bevan Graham talks about the topic of the momnet, corona virus, the big investment theme for this decade and the future of the business post the sale of AMP. MORE»

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IP underwriting is complicated – improving, but complicated

Wednesday, May 27th, 8:00AM

The post-Covid IP world could remain complex for some time says Russell Hutchinson. MORE»

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Reserve Bank governor believes rates can go lower

Wednesday, May 27th, 1:09PM

Reserve Bank governor Adrian Orr believes banks have "room to go" to push home loan rates below current record lows. MORE»

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New independent director at Partners Life

Wednesday, May 27th, 12:34PM

Former BNZ executive joins Partners Life board. MORE»

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Level the KiwiSaver default playing field

Friday, May 8th, 8:00AM

New Zealand deserves a level (default) playing field. MORE»

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