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Last Article Uploaded: Friday, February 26th, 6:05PM

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NZ shares snap six-day decline

Many New Zealand shares bounced back from a six-day slump as investors began to see bargains in the depressed prices with the benchmark equity index down more than 7% this year.

Friday, February 26th, 6:05PM

The S&P/NZX 50 Index rose 86.63 points, or 0.7%, to 12,227.29. Within the index, 25 stocks fell, 24 rose and one was unchanged. Turnover was $383 million.

A raft of positive results from listed companies, in the past two weeks, have been overshadowed by rising interest rates which caused the share market to fall significantly.

“It has been a reasonably healthy reporting season, which is ...MORE»

AMP Capital: Ares and AMP pursue 60/40 partnership

Friday, February 26th, 12:23PM

AMP and Ares Management Corporation have today announced that they have entered into an agreement to pursue the formation of a joint venture for AMP Capital’s private markets businesses.

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Concern adviser outreach may be shackled by FMA ad guidance

Friday, February 26th, 6:23AM  2 comments

Financial advice New Zealand CEO Katrina Shanks says that the FMA’s proposed ad guidance could constrain advisers' ability to connect with the public.

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Down to work within a week of forming partnership

Tauranga-based PMG Property Funds Management has wasted no time in getting down to work with Australia-based listed 360 Capital, which it formed a 50% equity partnership with last week.

Thursday, February 25th, 6:07AM

PMG is about to launch a $66 million capital raise to buy four mainly industrial properties off-market across Christchurch, Wellington, Hamilton and Auckland for $108 million, each individually owned. 360 Capital will underwrite a portion of the capital raise, while extra borrowings will complete the purchases due to be settled next month.

When the deals are completed, the four properties will go ...MORE»

Many advisers not ready for D-Day

Wednesday, February 24th, 6:46AM  2 comments

Good Returns speaks to adviser consultancy groups who say that many advisers are still dragging their heels coming up to March 15.

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Jumping lessons: what all investors can learn from GameStop loss

Tuesday, February 23rd, 6:24AM

Mint head of sales and marketing, David Boyle, explains why the ongoing GameStop experience holds lessons for new-breed investors and the old-school financial industry on handling the highs and lows of markets. Boyle takes it to the bridge...

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MMC: full acquisition of IFAA Group

Monday, February 15th, 1:37PM

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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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Down to work within a week of forming partnership

Thursday, February 25th, 6:07AM

Tauranga-based PMG Property Funds Management has wasted no time in getting down to work with Australia-based listed 360 Capital, which it formed a 50% equity partnership with last week. MORE»

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Data versus human

Tuesday, February 16th, 8:00AM

Russell Hutchinson discusses what can be achieved by adding a little or a lot of tech to your processes. MORE»

TMM Online
  

TSB cuts broker accreditations

Friday, February 26th, 7:21AM  2 comments

TSB Bank is set to slash broker accreditations at group and company level ahead of the new licensing regime. MORE»

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[OBITUARY] Marie Quinn: Friend and colleague to many

Monday, February 22nd, 4:00PM  2 comments

CFP John Milner shares his experience as a friend and colleague of "this warrior woman" who held the industry to account.  MORE»

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IRD to fork out $6.6 million for KiwiSaver pay delay

Monday, February 22nd, 9:07AM

After delays due to a move to a new technology platform, the IRD are having to compensate many KiwiSaver accounts to the tune of $6.6 million. MORE»

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