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Last Article Uploaded: Friday, August 7th, 8:34PM


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Energy sector leads sharemarket lower

New Zealand shares fell after Rio Tinto quashed rumours production was ramping up at the Tiwai Point aluminium smelter; Fisher & Paykel Healthcare fell after rival ResMed reported disappointing earnings.

Friday, August 7th, 6:33PM

The S&P/NZX 50 Index fell 117.91 points, or 1 percent to 11,646.68.  Within the index, 25 stocks fell, 16 rose and nine were unchanged. Turnover was $127.8 million.

The energy sector led the market lower after multinational mining company Rio Tinto shot down rumours it was planning to restart an aluminium production line shut earlier this year in response to the covid-1 pandemic.

Media yesterday ...MORE»

Death of small advice firms exaggerated: FMA

Friday, August 7th, 7:00AM  2 comments

Advisers who have registered for a financial advice provider service on the Financial Services Provider Register but who have not yet finished their application for a transitional licence are being reminded to keep moving.


Shake-up at AMP

Thursday, August 6th, 12:11PM  2 comments

AMP Australia's chief executive is standing down, leading to changes in New Zealand, too.


Fund history should reset after reclassification, adviser says

One financial adviser says it’s misleading that the fund that tops the Morningstar KiwiSaver growth category for five and 10-year returns was not in that category for the whole of that time.

Thursday, August 6th, 7:00AM  4 comments

Milford’s Active Growth Fund reports a five-year return of 9.8% a year and 10-year return of 12.4%.

But adviser Rachelle Bland has taken issue with that because, until the first quarter of 2017, the Milford Active Growth Fund was classified as an Australasian equity fund, with 62.2% in NZ domiciled assets and 21% in Australia.

“Then, in Q2 2017, it was re-classified as a ‘growth’ ...MORE»

Financial Advice NZ ponders questions of experience in Trusted Adviser consultation

Wednesday, August 5th, 6:00AM  10 comments

How the Financial Advice New Zealand Trusted Adviser mark will recognise adviser experience is a question being ironed out through the association’s consultation on the mark.


Industry participants pick up more of FMA's tab

Tuesday, August 4th, 6:00AM  1 comment

Industry participants will pay 83% of the cost of funding the Financial Markets Authority by 2022, documents released by the Ministry of Business, Innovation and Employment show.


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BNP to boost offshore capital flows

Tuesday, August 4th, 11:16AM

BNP Paribas Securities Services (BNP Paribas) is intending to engage with the NZX on a new initiative focused on boosting offshore capital flows into NZX to further develop the New Zealand capital market. MORE»

GoodReturns TV

[GRTV] Bascand outlines the keys to Covid recovery

Sunday, August 2nd, 7:57AM

Harbour Asset Management managing director Andrew Bascand explains the firms approach to investing in this volatile, Covid-19 dominated environment. MORE»

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It starts with governance

Wednesday, August 5th, 10:14AM

Russell Hutchinson discusses the importance of governance in achieving a compliant FAP business. MORE»

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Kiwibank expects 6% fall in house prices

Friday, August 7th, 8:11AM

Kiwibank economists believe the housing market will only fall by 6% due to Covid-19, revising down their prediction amid signs of "strong resistance".  MORE»

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Fidelity Life adds to board

Friday, August 7th, 8:34PM

Fidelity Life has added a new independent director. MORE»

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'Retirees' stick with KiwiSaver, AMP says

Monday, August 3rd, 5:00AM

More people over the pension age are choosing to keep their KiwiSaver funds active, AMP Wealth Management says. MORE»

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