Tattoo removal and IVF companies are part of Generate's new PE deal

Generate KiwiSaver makes another investment into private equity.

Generate KiwiSaver Scheme is committed US$25 million in to Australian-based HEAL Partners Fund II which specialises in health and education investments.

The fund  isca late-stage growth and follow-on fund, and has raised A$200 million and is targeting A$350million to A$500 million in commitments.

Generate has now committed more than $120 million into private equity and venture capital funds ...MORE»

NZX’s Smart links up with iShares to launch new funds Thursday, October 10th, 6:00AM Smart, formerly SmartShares, is launching four new ETFs in a new strategic alliance with BlackRock's iShares. MORE»

Advisers frustrated with NZCFS L5 marking Wednesday, October 9th, 6:19AM  3 comments South Island FAPs say NZ Certificate of Financial Service L5 marking is taking too long and is inconsistent. MORE»

Sharesies KiwiSaver to offer self-select for US shares

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).

From December, Sharesies KiwiSaver members will be able to choose to invest in more than 50 individual US stocks, including Meta and Apple.

Guardrails will still apply, including a 5% limit when investing in a single stock, and at least 50% of an investor’s portfolio must be in base funds. KiwiSaver members will pay tax at their prescribed investor rate (PIR) for investing in the US options ...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 Monday, October 7th, 9:06AM Andrea Malcolm looks at the latest KiwiSaver data from Melville Jessup Weaver and finds out who the big winners are over recent years. 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»

Why the Reserve Bank should cut interest rates by a further 1% before Christmas

Last week the RBNZ came through with a “super-sized” rate cut of 0.5% that many economists proclaimed they had predicted. The move was not exactly a huge call given the state of the economy. Another 25bps was arguably an option, and investors took heart that the cut was larger. A more aggressive central provides a prospective tailwind for exporters. Falling interest rates significantly boost the appeal of high dividend companies. 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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FMT adds another investment director

Former adviser joins FMT to build its investment offering in Christchurch and the South Island. MORE»

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Tattoo removal and IVF companies are part of Generate's new PE deal

Generate KiwiSaver makes another investment into private equity. MORE»