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Last Article Uploaded: Friday, October 30th, 7:30PM

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F&P Healthcare profit-taking drags NZX 50 down

New Zealand's headline share index fell today as ongoing coronavirus fears and end-of-month profit taking - notably Fisher & Paykel Healthcare - pushed the market down.

Friday, October 30th, 7:29PM

The S&P/NZX 50 Index fell 117.33 points, or 1 percent, to 12,084.47. Within the index, 25 stocks rose, 21 fell and four were unchanged. Turnover was $213.1 million.

The benchmark index struggled despite global equities stabilising overnight as its biggest constituent fell more than 5 percent.

Respiratory humidifier manufacturer F&P Healthcare has been acting as a counterweight to covid-19 ...MORE»

AMP receive buyout offer from US investment company

Friday, October 30th, 10:36AM  1 comment

AMP have announced that they have received an offer for 100% share buyout from US investment management firm Ares.

MORE»

AMP a laggard with KiwiSaver default status on the line

Friday, October 30th, 7:10AM

AMP’s KiwiSaver is still the worst-performing default provider as the deadline to bid for the next seven-year contract creeps closer.

MORE»

Juno to increase KiwiSaver fees, not pursuing default status.

Juno KiwiSaver funds are increasing fees for some clients, not going to pursue default provider status.

Thursday, October 29th, 3:15PM

Following an internal review, KiwiSaver provider Juno has announced that it will be increasing fees for some members.



The review focused on key areas for cost for the business arising from their active investment approach, current member base, as well as new initiatives that they are set to announce.



Despite the increase, a statement from Juno says that the KiwiSaver will remain at a competitively ...MORE»

NZ investors will move their money if funds prove non-ethical

Thursday, October 29th, 6:30AM  1 comment

New research commissioned by Mindful Money and RIAA shows that 58% of New Zealanders would consider switching their investments to another provider if their current fund was inconsistent with their values.

MORE»

Northern Trust wins bid for ANZ’s passive investment suite

Wednesday, October 28th, 6:27AM

Asset management firm Northern Trust will take over ANZ’s $5 billion passive investment suite from outgoing Vanguard Group.

MORE»

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FSC enjoys a solid year of growth despite challenges

Thursday, October 29th, 12:43PM

The Financial Services Council (FSC) has seen a solid year of member growth and increased revenues, the organisation announced at its 2020 AGM today. MORE»

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[GRTV] Financial advice transformed my life: Shanks

Saturday, October 10th, 11:27AM

Financial Advice New Zealand chief executive Katrina Shanks says getting her own financial adviser has transformed her life. MORE»

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a2 Milk – growth stocks and downgrades don’t mix well

Friday, October 23rd, 6:00AM  1 comment

A case study in understanding how downgrades impact growth stocks, by Castle Point's Stephen Bennie. MORE»

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Fidelity Life appoints new CEO

Thursday, October 29th, 11:28AM  2 comments

Fidelity Life appoints new CEO from large international insurer. MORE»

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Avanti raises $50 million for expansion

Friday, October 30th, 8:59AM

Non-bank lender Avanti Finance has raised $50 million to fund its expansion, amid growing interest in alternative lenders.  MORE»

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Finzo appoints new service manager

Friday, October 30th, 6:20AM

Integrated financial solutions provider Finzo has announced the appointment of a new service manager. MORE»

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Juno to increase KiwiSaver fees, not pursuing default status.

Thursday, October 29th, 3:15PM

Juno KiwiSaver funds are increasing fees for some clients, not going to pursue default provider status. MORE»

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