NZX50 dips as probe into Fed’s Powell sours US futures

Rakon soars on $354m takeover offer.

New Zealand’s S&P/NZX 50 index nudged lower in a mixed day on the local board, following US futures lower after Federal Reserve chair Jerome Powell said the central bank had been served with a subpoena threatening criminal indictment over his testimony to the Senate banking committee about the Fed’s ongoing office renovation

Electricity generator-retailers were split, with heavyweight ...MORE»

Another player enters market to buy FAPs Monday, January 12th, 8:55AM The New Zealand financial advice market is facing a “perfect storm” and one firm is planning to take advantage of it. MORE»

Marloo continues bringing in more financial advisers Thursday, January 8th, 8:16AM AI platform Marloo has signed a strategic partnership with Pie Funds that will further broaden its reach across New Zealand’s financial advice sector. MORE»

Record close for NZX50 as F&P Healthcare buoys market

Softer than expected Australian inflation cooled bets on an RBA rate hike.

New Zealand’s S&P/NZX 50 index didn’t quite touch an all-time high but did finish the trading session at a record close as heavyweight Fisher & Paykel Healthcare buoyed the local market in a broadly stronger day for trans-Tasman healthcare stocks.

Across the Tasman, Australia’s S&P/ASX 200 index was stronger in late trading after a smaller increase in consumer prices ...MORE»

NZWXT gets news CEO and expands Craigs relationship Wednesday, December 31st, 9:37AM NZX-owned platform, NZX Wealth Technologies gets a new chief executive. MORE»

Wealthpoint eyes independent FAPs for 2026 Monday, December 29th, 8:59AM It is now targeting independent financial advice providers struggling with compliance demands that are pulling principals away from client work 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

When will the first OCR increase occur?

Economist Tony Alexander says based on the  Australian rate looking like it will be raised from 3.6% before the middle of this year, the New Zealand OCR will comfortably rise before the end of the year. MORE»

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NZWXT gets news CEO and expands Craigs relationship

NZX-owned platform, NZX Wealth Technologies gets a new chief executive. 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»