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Last Article Uploaded: Tuesday, July 23rd, 11:12AM
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Make advisers discuss ethical options: Coates

Financial advisers should be "obliged" to discuss ethical and responsible investment preferences with their clients, the founder of a new responsible investment platform says - but one adviser isn't so sure.

Tuesday, July 23rd, 6:00AM

Barry Coates,  former Green Party MP and creator of Mindful Money, a tool which reviews the ESG credentials of KiwiSaver funds, says New Zealand should follow other jurisdictions in making ESG a default part of advisers' discussions with clients.

ESG is not covered by the new code, which takes a high-level approach to guidance on how advice is provided.

"A simple thing would be to make ...MORE»

Fourth straight day of share price rises; Exporters gain; Sky leads

Monday, July 22nd, 6:01PM

New Zealand shares rose for a fourth day, outperforming the rest of Asia, as exporters including A2 Milk Co, Mainfreight, and Fisher & Paykel Healthcare all gained. Sky Network Television led the market higher.

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AMP loses fight over KiwiSaver ad

Monday, July 22nd, 6:00AM  1 comment

AMP has lost its fight against a complaint laid by advisers about its advertising.

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(The Wrap] The anatomy of the AMP shambles

Last week it was more woes for ANZ, this week AMP's New Zealand exit plans fell into further dissary.

Saturday, July 20th, 11:03AM  6 comments

If there was ever a case study of how to destroy a brand then AMP would have to be in contention as one of the best examples to use in the financial services sector.

AMP is a brand which has been around for a century and a half and for the large majority of its existence it has done a good job for its customers. It had established itself as one of the enduring brands and was associated with prudence, ...MORE»

RBNZ says no change in approach on Resolution Life's AMP purchase

Friday, July 19th, 7:41AM

The Reserve Bank says it hasn’t changed its approach to applications for changes of ownership of life insurance companies and nor has there been any change in New Zealand insurance law or regulations since October 2018.

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Finely balanced, markets walking a tightrope

Thursday, July 18th, 6:00AM

The Harbour team examine market movements in the past month, and what they are watching going forward.

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Hatch's egg grows

Friday, July 19th, 9:00AM

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[GRTV] We have to prove we are not the bad guys: Ballantyne

Thursday, May 23rd, 12:25PM  2 comments

Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims. MORE»

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Southern Cross limits trail commission

Monday, July 22nd, 6:00AM

Southern Cross is changing its commission structure, so advisers will not receive increased trail commission as their clients’ premiums rise. MORE»

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Changes at Loan Market and NZFSG

Tuesday, July 23rd, 10:40AM

Loan Market and NZFSG have made some changes to their business development roles as they prepare for the new regulatory regime. MORE»

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Change at top of Fidelity customer team

Tuesday, July 23rd, 6:00AM

Fidelity Life's chief customer officer is moving on. MORE»

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Pathfinder-backed KiwiSaver to target gender diversity

Wednesday, July 17th, 9:59AM  10 comments

A new KiwiSaver scheme launching today will only invest in New Zealand listed companies that have at least one female director on their boards. MORE»

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Latest Comments
  • (The Wrap] The anatomy of the AMP shambles
    “It is terrible and for years watching AMP management felt they knew better than the rest of the industry. They are myopic...”
    3 hours ago by Backstage
  • (The Wrap] The anatomy of the AMP shambles
    “Ralph and the AXA crew knew something about customers and advisers - shareholders must wish they had been kept on. Shareholders...”
    5 hours ago by fiona c
  • AMP loses fight over KiwiSaver ad
    “Well done all three of you. A great outcome for common sense - there hasn't been a lot of evidence in recent times that there...”
    20 hours ago by Robert Oddy
  • (The Wrap] The anatomy of the AMP shambles
    “Agree with Doggy, I liken the running of AMP to that of an elephant trying to turn. The saying what goes around comes around...”
    20 hours ago by Tony Palamidas
  • (The Wrap] The anatomy of the AMP shambles
    “A great insight Phil - which many industry folks have been following for a while. To add to this: . I suspect that the...”
    21 hours ago by Pragmatic
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