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Last Article Uploaded: Thursday, April 2nd, 6:44PM

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After the ups; the downs

New Zealand shares fell, led by a slump in Kathmandu Holdings after the retailer raised funds at a steep discount. Fears about the severity of the covid-19 outbreak in the US also weighed on investor sentiment.

Thursday, April 2nd, 6:44PM

Thursday 02 April 2020 06:32 PM

The S&P/NZX 50 Index dropped 55.52 points, or 0.6 percent, to 9.870.56. Within the index, 31 stocks fell, 14 rose, and five were unchanged. Turnover was $157.2 million.

Kathmandu led the market lower as it slumped 27.7 percent to 81 cents. The retailer raised $154 million at 50 cents a share from institutional investors, and is seeking another $53 million from ...MORE»

Advisers 'will drop out'

Thursday, April 2nd, 6:00AM  4 comments

Advisers who are new to the industry will be most likely to drop out due to Covid-19 economic disruption, industry commentators say.

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Covid withdrawals possible 'but not always desirable'

Wednesday, April 1st, 6:57AM  6 comments

KiwiSaver members are being told they may be able to withdraw their money to help them through tough financial times caused by Covid-19 – but the decision should be made carefully.

MORE»

Fixed income 'not providing buffer expected'

Fixed income has not been providing the portfolio protection in the current market volatility that investors might expect, MyFiduciary principal Chris Douglas says.

Monday, March 30th, 9:29PM

Share markets around the world have slumped as the effects of Covid-19 spread. Many have fallen between 25% and 30% from peak to trough.

Douglas said it had been notable that, starting from such a low interest rate base, there had not been a fixed income lift to offset as much of that drop as had been seen in previous downturns – particular compared to the defensive boost it had provided in ...MORE»

[The Wrap] Coping with Covid-19; thinking ahead; update your info

Monday, March 30th, 10:00AM

This week's wrap is a bit different to my normal ones (including being on a Monday). The Covid-19 lockdown presents daily challenges for each of us, but is a good opportunity to think about the future. Also I ask you to update your details so we can get information to you.

MORE»

AML flexibility offered

Monday, March 30th, 7:58AM

AML reporting entities will change the way they do business during the Covid-19 lockdown and will be allowed some flexibility, regulators say.

MORE»

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FE Investments in receivership

Thursday, April 2nd, 4:25PM

FE Investments has been placed into receivership. 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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Two big questions in conduct law causing advisers concern, and its unintended consequences

Monday, March 30th, 10:35AM  4 comments

The Financial Markets (Conduct of Institutions) amendment Bill raises a big question about the future of commission. MORE»

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Bank margins under pressure: KPMG

Wednesday, April 1st, 10:31AM

Bank margins are under pressure amid record low interest rates and lenders may not be able to cut mortgage rates much further, according to a new report from KPMG. MORE»

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NZ Funds adds to its Private Wealth team

Monday, March 30th, 10:19AM

NZ Funds continues to beef up its Private Wealth team to help it achieve its double-digit growth rate. MORE»

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Covid withdrawals possible 'but not always desirable'

Wednesday, April 1st, 6:57AM  6 comments

KiwiSaver members are being told they may be able to withdraw their money to help them through tough financial times caused by Covid-19 – but the decision should be made carefully. MORE»

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Latest Comments
  • Advisers 'will drop out'
    “@Fred Dodds - with respect, focusing on your Level 5 qualification, or for that matter your transitional FAP licence, is...”
    5 hours ago by Andrew Scott GM Newpark
  • Advisers 'will drop out'
    “Pragmatic... larger practices were already pulling back on hiring advisers prior to this as a result of the flight to safety...”
    7 hours ago by Backstage
  • Advisers 'will drop out'
    “I doubt that David Greenslade has got this right. After the 1987 crash, there was an influx of high quality new advisers...”
    8 hours ago by MediCare
  • Covid withdrawals possible 'but not always desirable'
    “Totally agree with you Murray. Total silence to date from Govt and FMA on this important topic. Accessing savings is better...”
    8 hours ago by Davidvs
  • Covid withdrawals possible 'but not always desirable'
    “Surely I am not the only adviser who thinks that in the current Covid-19 circumstances,it should be easier not harder to...”
    10 hours ago by Murray Weatherston
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