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Last Article Uploaded: Saturday, July 13th, 10:20AM

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Another lean year for Salt, Mint and NZ Funds Management

The year ended March 2024 looks like another lean one for fund managers if the results of three managers lodged with the Companies Office are any guide.

Friday, July 12th, 6:15AM

NZ Funds Management managed to squeeze out a 63% jump in annual net profit to $1.2 million, but only thanks to a tax benefit that accounted for almost all of that.

Its pre-tax result was just $90,000, down from $904,000 the previous year while revenue fell 3% to $32.7 million and expenses were flat.

Nevertheless, NZ Funds' owners paid themselves $2.8 million in dividends, although that was down ...MORE»

[GRTV] Rick Willis shares MDRT secrets

Thursday, July 11th, 8:29AM

MDRT country chair Rick Willis led one of the biggest contingents of New Zealand advisers to the association's annual meeting in Vancouver last month. He talks to GRTV about the trip and how MDRT changed his life.

MORE»

Assets trump salary for Kiwi investors

Tuesday, July 9th, 1:43PM

As long term wage growth falls behind the cost of living, New Zealand investors are looking to financial markets to build wealth, says a report by Australian investment platform Stake.

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Treasury outlines likely costs of financial institution failures

The most likely type of financial institution to fail and require the new deposit guarantee scheme to kick in would be of a non-bank deposit taker and would be likely to cost between $800 million and $1 billion up front, with recoveries likely to reduce the cost to between $100 million and $400 million.

Monday, July 8th, 7:03AM

That's Treasury's estimate in its statement of funding approach (SoFA) published ahead of the scheme scheduled to start from July 1 next year.

The scheme will guarantee individual deposits up to $100,000 and will be funded by levies on financial institutions.

Treasury says the fund size will be 0.8% of protected deposits and will be built up over 20 years with the government providing a backstop ...MORE»

Graeme Lindsay: death of a life industry stalwart

Thursday, July 4th, 11:53AM  5 comments

Graeme Lindsay's professional life in the insurance industry was bookended by brushes with cancer.

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FMA censures financial advice group

Thursday, July 4th, 11:11AM

FMA censures deVere for breaching its licence obligations.

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Calling all Hawkes Bay advisers

Thursday, July 11th, 1:47PM

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[GRTV] What needs to change with KiwiSaver

Thursday, June 6th, 8:23AM

Consilium managing director Scott Alman talks to Philip Macalister about changes he would like to see made to KiwiSaver. MORE»

  

Meeting half-way

Wednesday, July 10th, 6:53AM

June saw a continuation of this year’s themes, with US equity markets continuing their 20-month bull run, led by the technology sector, and AI-related names in particular. MORE»

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Are trauma products still fit-for-purpose?

Friday, July 12th, 6:34AM

Steve Wright suggests it’s time to rethink trauma policies so they are more equitable rather providing wind fall gains to some policyholders. MORE»

TMM Online
  

RBNZ holds OCR but turns unexpectedly dovish

Wednesday, July 10th, 3:22PM

Nobody expected the Reserve Bank to do anything other than hold its official cash rate steady at 5.5%, and that's exactly what it has just done. MORE»

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Strategi Group appoints head of AML/CFT

Wednesday, July 3rd, 8:35AM

Derek Chen has joined Strategi Group full-time as the head of AML/CFT. MORE»

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Select committee against bill to limit use of KiwiSaver as part of pay package

Tuesday, July 2nd, 6:12AM  3 comments

The majority of the Finance and Expenditure Committee doesn’t think a bill to make it harder for employers to include KiwiSaver contributions in employees' pay should be passed. MORE»

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