NZ sharemarket ends up again, end of year in sight

Trading volumes fell, and stand-out price movements were few and far between as the holiday mood descended on a listless New Zealand sharemarket.

The S&P/NZX 50 Index was up and down all day and closed at 13,517.73, a small gain of 9.43 points or 0.07% after reaching an intraday low of 13,488.28.

While people flooded the shops and supermarkets for last-minute Christmas goods and gifts, trading hit one of its lowest levels of the year, with 26.5 million shares worth $91.7m changing hands.

There were 74 gainers and 63 decliners on the main ...MORE»

Advisers’ vigilance against cyber criminals critical over summer break Thursday, December 18th, 6:43AM Advisers are being warned about cyber criminals ramping up activity over the holidays. MORE»

RBNZ: new rules will mean lower interest rates for borrowers Wednesday, December 17th, 1:19PM  2 comments The Reserve Bank says banks and other deposit takers will need about $5 billion less equity than currently under its new capital rules and that it expects its new settings to be passed on to New Zealanders through increased lending and lower interest rates. MORE»

Investing for Impact: Growing wealth while creating meaningful change

Impact investing has accelerated rapidly in recent years, supported by growing interest in directing capital toward projects that deliver measurable social and environmental benefits alongside financial returns.

By Greg Smith, Generate Investment Specialist

For KiwiSaver members, this prompts a bigger question: can you genuinely invest responsibly without sacrificing long-term performance? Increasingly, the evidence suggests you can. Many active managers, including Generate, are backing a diverse range of impact-focussed companies, from global leaders to homegrown innovators whose ideas are proving both commercially ...MORE»

Opes censured by FMA for poor practices Friday, December 12th, 7:28AM  10 comments High-profile property advice firm Opes has been censured by the FMA for failing to comply with a number of obligations under its Financial Advice Provider licence. MORE»

AI financial advice maybe breaching the law Thursday, December 11th, 7:42AM  1 comment Do AI’s responses fit with New Zealand’s financial advice laws? MORE»

News Bites

Castlepoint funds take unexpected hit

Two of Castlepoint's funds have taken an unexpected hit following accounting irregularities in one of their long term holdings, Corporate Travel Management (CTD). 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»

Investing for Impact: Growing wealth while creating meaningful change

Impact investing has accelerated rapidly in recent years, supported by growing interest in directing capital toward projects that deliver measurable social and environmental benefits alongside financial returns. MORE»

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MDRT Academy tightens criteria after first NZ year

Rick Willis says smaller groups with seasoned mentors and stricter selection criteria will help the programme achieve better results, with 60-70 mentees expected in 2026. MORE»

TMM Online

Record levels of first home buyers taking out low deposit loans

About half of all first home buyer lending has been done at a less than 20% deposit in recent months. MORE»

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OMNIMax appoints a new development manager; Jason Butler Departs

OMNIMax, a leading provider of SaaS solutions for the financial services industry, has appointed Tristan Misselbrook to the position of Development Manager. MORE»

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Paying advisers for KiwiSaver advice

Amova (nee Nikko) has rolled out a new remuneration option for advisers offering KiwiSaver advice. MORE»