Boyle gets dream gig

David Boyle has been appointed as the new Retirement Commissioner takimng over from Jane Wrightson.

David Boyle, who has had a strong focus on retirement savings during his extensive experience in the public and private sectors, has been appointed as Retirement Commissioner.

Commerce Minister Cameron Brewer says Boyle “played a key role in establishing KiwiSaver at ING and is currently the general manager of KiwiSaver at Fisher Funds.

“With our much-loved Baby Boomers now somewhere ...MORE»

NZX50 misses out on optimism over Iran conflict; a2 Milk extends decline Tuesday, April 14th, 7:02PM ASX-listed Cuscal is buying Paymark for A$27 million. MORE»

FMA to review CoFI Guidance Friday, April 10th, 8:07AM  4 comments The Financial Markets Authority (FMA) is considering a limited review of the Conduct of Financial Institutions (CoFI) Intermediated Distribution Guidance before the end of this financial year, confirmed FMA director Michael Hewes. MORE»

Industry wary of KiwiSaver changes

KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped.

The Government announced at the weekend that the laws would change so that people who have jobs where accommodation is provided can still use their accounts to buy a house.

The rules have previous required that people withdrawing money for a first home do so with the intention of living in it.

"Workers in service tenancies, such as farm workers, rural teachers, country cops, and defence personnel, ...MORE»

Active manager (sort of) leaves the passive house Sunday, April 5th, 10:04AM  1 comment NZX’s active management business, QuayStreet Asset Management, is being given a bit more free reign. MORE»

Bond funds likely to deliver out-sized returns: Amova Wednesday, April 1st, 7:07AM Financial markets have priced too much inflation risk into longer-term fixed interest yields, according to Fergus McDonald, head of the bond and currency team at Amova Asset Management. MORE»

News Bites

PAA Legacy Trust supports FANZ

Financial Advice New Zealand (FANZ) has entered a long term strategic partnership with the PAA Legacy Trust to support further development of Campus, its adviser-led, professional development hub designed to deepen capability across the financial advice profession. MORE»

GoodReturns TV

Fisher Funds moves to woo advisers back

After years of neglecting the adviser market, the investment manager is going on the charm offensive.   MORE»

Markets intepret OCR review to be on the hawkish side

Financial markets have interpreted the Reserve Bank’s official cash rate (OCR) decision as somewhat more hawkish than expected, pushing the Kiwi dollar higher while wholesale interest rates also rose. MORE»

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Special Events Benefits; great for clients and advisers but beware the time limits

Opinion: There are benefits and options in life, trauma and disability products that allow cover to be increased without underwriting. MORE»

TMM Online

ANZ goes out on a limb and predicts three OCR rises this year

The country’s biggest bank and home loan lender is now predicting three 0.25% OCR rises this year, taking the official cash rate to 3%. MORE»

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Mercer appoints BDM to work with advisers

Former Smartshares General Manager of Business Development and Distribution joins Mercer.  MORE»

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Industry wary of KiwiSaver changes

KiwiSaver providers are cautiously supportive of changes to make it easier for farmers to buy homes – but would prefer the tinkering with the system stopped. MORE»