NZX goes down as early signals point to Donald Trump victory
Volumes returned to the New Zealand sharemarket on Wednesday as US presidential election votes trickled in and investors digested them.
The trading data on the NZ Exchange (NZX) stopped updating at around 4:30pmdue to a technical issue that the exchange said it was investigating and unsure when it would be fixed.
As a consequence, at the time of writing, it was unclear how the S&P/NZX50 performed throughout the day.
The NZX did, however, share the closing prices of each individual stock. Turnover reached $143.2 million, outstripping ...MORE»
Pie adds new filling to its KiwiSaver reciepeSunday, November 3rd, 12:52PM
Pie Funds is the latest KiwiSaver provider to add private equity to its funds. MORE» |
Finding skilled talent still a challenge for FMAWednesday, October 30th, 9:38AM
A lack of high-quality talent in New Zealand is proving a challenge for the financial markets regulator with more people applying for jobs but many not possessing the right skills for some of the more specialised roles. MORE» |
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NZFSG’s ‘MyInduction’ Programme: Setting advisers up for success
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New Zealand Equity Monthly September 2024
New climate-related disclosures seen bringing both benefits and challenges MORE »
Stakeholders’ satisfaction with FMA takes a tumble
Stakeholders’ opinions of how easy it is to deal with the Financial Markets Authority have deteriorated in the past 12 months, according to the regulator’s latest survey.
Fewer than half of respondents - 49% - in the FMA’s Ease of Doing Business Survey rated their recent interactions with the regulator as “Very Good” or “Excellent” compared to 64% in 2023.
Other survey metrics painted a similar picture of stakeholders’ falling perceptions of the FMA, with 11% fewer stakeholders rating service levels as good or excellent and 10% fewer ...MORE»
IRD likely to catch up with those not declaring FIF incomeFriday, October 25th, 12:55PM
A tax consultant is warning those who aren't declaring their foreign investment fund (FIF) income that Inland Revenue may soon catch up with them. MORE» |
Regulator seeks improvements from DIMS licence holdersThursday, October 24th, 1:45PM
Providers tasked with managing their clients’ portfolios on their behalf have been asked to lift their game on fee disclosure, helping investors better understand the service they’re getting and their management of liquidity risk. MORE» |
News Bites
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Booster Foundation takes off
The Booster Foundation inks five partnerships in first year. MORE»
GoodReturns TV
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[GRTV] Stronger and more unified voice needed to force KiwiSaver changes
The Retirement Commissioner Jane Wrightson talks to Philip Macalister about changes she would like to see made to KiwiSaver. MORE»
Insync: Market concentration a myth
Evidence does not support a new and perilous belief that global markets are becoming increasingly more concentrated, according to Insync Funds Management (Insync). MORE»
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How much knowledge of medical conditions are life advisers expected to have?
[Opinion] Steve Wright asks how much do life and health advisers need to know about medical conditions in order to provide suitable advice? MORE»
TMM Online
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Acquisition opens up market for NZ Mortgages
As the country’s stock of mortgages continues to grow, Christchurch-based NZ Mortgages, now majority owned by Squirrel, is planning to be writing $1 billion of the $364.5 billion New Zealand total every year. MORE»
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Makao adds third consultant
Luke Longdill joins Makao Investments MORE»
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KiwiSaver shortcomings identified in global report
Bumping up KiwiSaver contributions and introducing a carer’s savings credit for those with young children are among the improvement measures identified in a new report benchmarking New Zealand against other countries’ pension systems. MORE»