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Last Article Uploaded: Monday, May 25th, 6:00PM

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NZ shares gain in light trading as investors eye US-China tension

New Zealand shares rose in light trading ahead of public holidays in the US and UK, as investors remain wary of growing tensions between the US and China.

Monday, May 25th, 6:00PM

The S&P/NZX 50 Index advanced 113.17 points, or 1.1 percent, to 10,775.80. Within the index, 33 stocks rose, 11 fell and six were unchanged. Turnover was $74.4 million, the lowest since January.

The local market started the week on a tentative note as investors continued to digest China's decision last week to scrap its annual growth target. Separately, Chinese lawmakers seeking greater control ...MORE»

Warning association numbers could fall

Monday, May 25th, 5:43AM  2 comments

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

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

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.

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

The government currently pays 25 percent of the Financial Markets Authority’s $36 million operational budget with the rest funded through industry levies.

The big banks and insurers – which are undergoing major regulator scrutiny at present following fallout from the Australian Financial Services Royal Commission, will shoulder the bulk of the increase.

The country’s biggest four ...MORE»

Financial advice commissions not under threat: Faafoi

Wednesday, May 20th, 6:23AM  5 comments

Commerce Minister Kris Faafoi has acknowledged concern at how the Conduct of Financial Institutions Bill (CoFI) will interact with the new financial advice regime – but says he thinks the advice regime is the most appropriate way to regulate financial advice and advisers.

MORE»

OUT NOW: ASSET May issue

Tuesday, May 19th, 10:00AM  1 comment

Here is some weekend reading for you; the latest issue of ASSET Magazine. Find out what's inside it here.

MORE»

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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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nib supports mental health company

Monday, May 25th, 11:14AM

nib has stepped in to help an innovative local digital mental health company as demand increases for these services during Covid 19, MORE»

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Kiwibank smashes record with 2.65% home loan

Friday, May 22nd, 2:58PM

Mortgage rates continue to plummet to record-lows, with Kiwibank launching a one-year home loan at 2.65%. MORE»

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T Rowe Price makes Australasian appointment

Monday, May 18th, 12:03PM

Global investment firm T Rowe Price has appointed a head of distribution for Australia and New Zealand. 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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