A2 shares plunge over FDA formula deferral
A2 Milk shares had a rough day and sank 11% earlier this morning on the news it wouldn’t be sending infant formula to the lucrative US market in the near future.
The milk company told the NZX that the US Food and Drug Administration (FDA) is deferring further consideration of the company’s request for enforcement discretion to import infant milk formula products into the US.
The shares dropped 11% to $5.01 when New Zealand’s market opened but made up for a bit of lost ground throughout the day, ending it down 7.5% to $5.21.
The S&P/NZX 50 ...MORE»
Consumers have lost trust in financial servicesWednesday, August 10th, 8:10AM 1 comment
Financial services sector ‘has lost the trust of the Joe Bloggs consumer’, says KiwiSaver boss as FSC releases investor research MORE» |
CoFI a journey of frustration: CEOTuesday, August 9th, 7:51AM 2 comments
FMA sets out timetable for COFI compliance, praises industry for ‘incredibly constructive’ discussions MORE» |
New push to get advisers fully licensed
A new attempt to encourage advisers to apply for full licensing starts next week.
It consists of a series of free workshops run by the Financial Markets Authority (FMA). They aim to guide financial advisers through the process of applying for Class 1 licences.
A Class 1 licence applies to sole operators.
The workshops are part of the FMA’s campaign to encourage financial advice providers to complete their full licence applications by the target date of September 30th.
This ...MORE»
Inflation really weighs on returnsFriday, August 5th, 4:05PM
Given the barrage of headlines citing decades of high inflation, investors are asking how best to invest in an inflationary environment? In order to assess the current environment, it’s worth distinguishing nominal versus real rates using some examples close to home for everyone. Before you yawn and click off, here are a couple of interesting stats. MORE» |
What advisers can take from the FMA’s first big consumer surveyFriday, August 5th, 8:32AM
Nearly 40% of New Zealanders say they cannot afford financial advice. Only 18% use a financial adviser and 42% say they are not considering taking up any new financial products or services in the next 12 months. MORE» |
|
News Bites
|
Sponsored by: |
|
Jarden to build online investing platform
Sharebroker Jarden and Co is merging its direct business with Hatch. MORE»
|
GoodReturns TV
|
[GRTV] It's time to rethink responsible investing
Kōura Wealth chief executive Rupert Carlyon says responsible investing is good but it's time to rethink some aspects of how it is done. MORE»
|
Investments
|
Sponsored by: |
|
Inflation really weighs on returns
Given the barrage of headlines citing decades of high inflation, investors are asking how best to invest in an inflationary environment? In order to assess the current environment, it’s worth distinguishing nominal versus real rates using some examples close to home for everyone. Before you yawn and click off, here are a couple of interesting stats. MORE»
|
Sponsored by: |
|
Cigna admits making error
An error discovered by Cigna has seen it pinged by the regulator who says this is a case about treating customers fairly. MORE»
|
TMM Online
|
SHARE loses its boss
The chief executive of SHARE and Newpark has resigned. MORE»
|
Sponsored by: |
|
Mint CIO takes leave
Mint's chief investment officer is stepping aside and new appointments have been made. MORE»
|
Sponsored by: |
|
A cluster of ‘modest’ accounts: what KiwiSaver balances really look like
In what’s believed to be an industry first, the NZ Society of Actuaries has produced a report that analyses account-level data for a large segment of the KiwiSaver market. MORE»
