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Last Article Uploaded: Thursday, October 22nd, 7:29PM

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Shares decline as global headwinds endure

New Zealand shares edged lower as global investor sentiment weakened.

Thursday, October 22nd, 7:28PM

 

The S&P/NZX 50 Index fell 25.32 points, or 0.2 percent, to 12,407.29. Within the index, 21 stocks fell, 19 rose, and 10 were unchanged. Turnover was $168.6 million.

The decline came despite some encouraging updates from local companies, with traders deterred by uncertainty in offshore markets.

“The usual suspects are in play: stimulus, coronavirus and the (US) election. They’re ...MORE»

Westpac dropping adviser wing to Forsyth Barr

Thursday, October 22nd, 6:55AM  4 comments

Westpac in talks to sell its adviser wing to Forsyth Barr in a move that could signal the end of advice from the big Aussie banks

MORE»

It's time sharebrokers had uniform fee disclosure

Wednesday, October 21st, 7:03PM

NZ Funds chief executive Michael Lang says it is time sharebrokers based a uniform fees disclosure regimes like managed funds.

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AMP KiwiSaver members should expect major fee reduction

Chris Douglas of My Fiduciary has said that AMP KiwiSaver members who have seen their funds switch from active to passive should expect a major reduction in fees.

Wednesday, October 21st, 6:53AM  6 comments

When AMP New Zealand Wealth Management (NZWM) announced yesterday that their KiwiSaver funds will be switching from active to passive funds, many across the industry were taken by surprise.

The move has seen the KiwiSaver scheme and its 220,000 members switching to a passive investment structure. The management of which will no longer be handled by AMP NZWM’s sister company AMP Capital and will ...MORE»

AMP change KiwiSaver from active to passive

Tuesday, October 20th, 10:14AM

Major switch up in the KiwiSaver investment strategy for AMP NZWM

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

Tuesday, October 20th, 6:00AM  1 comment

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

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South Canterbury Finance final rites

Wednesday, October 14th, 7:37AM

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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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It's time sharebrokers had uniform fee disclosure

Wednesday, October 21st, 7:03PM

NZ Funds chief executive Michael Lang says it is time sharebrokers based a uniform fees disclosure regimes like managed funds. MORE»

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Asteron (and Suncorp) appoints new boss

Thursday, October 15th, 1:10PM  1 comment

Suncorp, which includes Asteron Life, has promoted the head of claims to the role of chief executive. MORE»

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High LVR investor lending up 134%

Wednesday, October 21st, 5:06PM

Investors have taken advantage of relaxed loan to value ratio restrictions to borrow 134% more on high LVR terms, analysis from ASB reveals.  MORE»

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New board members announced at Financial Advice NZ

Wednesday, October 14th, 11:36AM  2 comments

Financial Advice has increased the size of its board with two new independent directors; plus it has elected a risk practitioner. MORE»

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Tender for default KiwiSaver funds finally arrives

Sunday, October 4th, 9:31PM

The Ministry of Business, Innovation & Employment has outlined new criteria for KiwiSaver default fund providers as it seeks bidders in a request for proposals released today. MORE»

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