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Last Article Uploaded: Thursday, January 30th, 12:30AM
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NZ shares narrowly miss regional rally

New Zealand shares fell despite a rally in the Asian markets today. SkyCity Entertainment Group led the market lower, as investors continue to assess the economic impact of the coronavirus outbreak.

Wednesday, January 29th, 7:27PM

 

By Dan Brunskill

Jan. 29 (BusinessDesk) -

 

The NZX 50 fell 8.6 points, or 0.1 percent, to 11,676.51. Within the index, 19 stocks rose, 24 fell and 7 were unchanged. Turnover was $178.9 million.

Indices in Japan, Singapore and Australia all rallied today, with mainland Chinese markets in Shanghai and Shenzhen delaying their opening until Feb .3, in line with an extended Lunar New Year ...MORE»

Commissioner: Pension age shouldn't increase

Wednesday, January 29th, 5:00AM  2 comments

New Zealand’s pension costs might be rising but wellbeing and equity concerns mean we cannot afford to increase the pension age, the Retirement Commissioner says.

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Conduct bill will mean changes for advisers: MBIE

Monday, January 27th, 3:59PM

New conduct regulations for financial institutions will cause a limited reduction in access to financial advice because a ban or cap on commission has not been recommended, the Ministry of Business, Innovation and Employment says.

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InvestNow considers build-your-own KiwiSaver scheme

Anthony Edmonds InvestNow platform is the latest looking to get into the KiwiSaver market with an offering similar to Craigs Investment Partners.

Monday, January 27th, 7:59AM

The plan is to roll out a KiwiSaver scheme where investors can choose funds from a range of managers already on the InvestNow platform.

Currently there are around two dozen managers and 120 funds, however only PIE funds will be available in the scheme.

InvestNow general manager Mike Heath says they are "donkey deep" in the design of the scheme and recently surveyed existing customers to ...MORE»

Gold prices soar on back of tensions

Sunday, January 26th, 3:58PM

Geopolitical tensions and low interest rates have driven the price of gold to a six-year high, but there are warnings it may not last.

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[The Wrap] Financial advice: mainly male drinkers ... really?

Saturday, January 25th, 6:07AM  2 comments

So apparently the advice industry is a male dominated, boozy culture; what rubbish.

MORE»

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FMA commissions active report

Thursday, January 23rd, 1:19PM

The Financial Markets Authority has appointed researchers at MyFiguciary to study the application of active and passive investment management strategies. MORE»

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[GRTV] Apathy still reigns amongst advisers

Wednesday, December 4th, 9:13PM  4 comments

Finzo chief executive Nick Stewart worries about the lack of guidance on FAPs and suggests regulators should be taking a stronger line of the upcoming changes. MORE»

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Reserve Bank critical of life insurance

Wednesday, January 22nd, 10:32AM  11 comments

New Zealand’s life insurance sector appears to be relatively inefficient, the Reserve Bank says. MORE»

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Mortgage lending strong in December

Wednesday, January 29th, 3:35PM

December mortgage lending increased by more than $1 billion year-on-year, according to the latest figures from the Reserve Bank. MORE»

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Plus4 adds another adviser

Wednesday, January 29th, 12:02PM

Plus4 has added another insurance adviser in the South Island. MORE»

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KiwiSaver and social responsibility

Monday, January 20th, 8:00AM

Some claims of "social responsibility" may need a bit of further investigation. Michael Lang elaborates. MORE»

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