Advisers frustrated with NZCFS L5 marking

South Island FAPs say NZ Certificate of Financial Service L5 marking is taking too long and is inconsistent.

Christchurch-based Chris Boon has two FAPs; Adelphi Insurance Brokers in risk and Adelphi Financial Services in the mortgage space, employing up to 24 advisers.

“In the last 20 years I’ve brought new people into the industry and trained them from scratch. I have no problem with the regulatory change, but the time taken to get somebody qualified is frustrating.”

He says an adviser ...MORE»

Sharesies KiwiSaver to offer self-select for US shares Tuesday, October 8th, 1:57PM Sharesies KiwiSaver is ramping up exposure to the US, and will allow members to select individual US stocks, as well as a new Sharesies US500 fund based on the Vanguard S&P 500 ETF (VOO). MORE»

Is NZ Funds Management for sale? Tuesday, October 8th, 5:41AM A note to New Zealand Funds Management's accounts filed with the Companies Office suggests the business may be for sale, although information Good Returns has been able to glean has been contradictory. MORE»

KiwiSaver winners

Andrea Malcolm looks at the latest KiwiSaver data from Melville Jessup Weaver and finds out who the big winners are over recent years.

Milford, Generate and Simplicity KiwiSaver have each enjoyed massive growth in assets under management over the last five years.

In the five years to March 2024, Milford added around $6.5 billion in assets with a 40% per annum growth rate, while Generate and Simplicity also enjoyed high growth rates of 35% and 47% respectively, according to analysis by Melville Jessup Weaver.

While Australian bank-owned ...MORE»

Science-backed approach to ‘democratising investment’ Thursday, October 3rd, 4:36PM Investment platform Lemmi is promising to democratise wealth creation with its science-backed “robo-assisted” process. MORE»

[GRTV] New name, new funds for Smartshares Tuesday, October 1st, 8:22AM NZX is rebranding its funds management business, retiring the SuperLife brand and teasing some new funds. MORE»

News Bites

Fin Advice partnership extended

Financial Advice New Zealand extends partnership with Massey University’s Fin-Ed Centre. MORE»

GoodReturns TV

[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»

Strategic versus Tactical Allocation

Many market commentators have written about strategic asset allocation previously – the investment science behind the long- term allocation of investors’ capital across various asset classes.  In our view, strategic asset allocation (SAA) is one of, if not the most important decision an investor can make when developing a portfolio of investments. MORE»

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Don’t overlook impact of TPD, adviser urges

Total and permanent disability (TPD) cover is something that might be being underestimated by a lot of clients and their insurance advisers, says Travis Hamilton of Plan B Financial Services. MORE»

TMM Online

Banks slash floating rates after 50bp OCR cut

The Reserve Bank cut its official cash rate (OCR) by 50 basis points to 4.75%, as expected, and said it assesses that inflation is now within its 1% to 3% target range “and converging on the 2% midpoint.” MORE»

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New executive appointment at FMA

The Financial Markets Authority has appointed an executive director Transformation and Operational Delivery. MORE»

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KiwiSaver winners

Andrea Malcolm looks at the latest KiwiSaver data from Melville Jessup Weaver and finds out who the big winners are over recent years. MORE»