News Round Up
Monday, January 13th 2003, 6:44AM
Simplified feesNational Bank Managed Funds is changing the way it charges fees. It says the industry-standard fee structure (which includes a management fee, trustee fee, registry fee and other fund expenses) is "complex and many people find it hard to understand what they are actually paying."
From March 1 it is introducing a single, flat investment fee that includes all the current fees.
With a flat fee investors will know exactly what they are paying in fees, head of managed funds Gareth Fleming says.
NZ Shares tippedForsyth Barr is predicting that New Zealand shares will again have a good year relative to other equity markets.
Head of research, Rob Mercer, is the market should perform strongly in 2003, underpinned by underlying value in current stock prices, a robust domestic economy and a strong New Zealand dollar.
FPIA Convention
Have you taken advantage of the Early Bird special for the Financial Planners and Insurance Advisers conference this year?
Sign up for the convention before the end of next month and you get a discounted price.
To find out what is planned at this year's event, which is being held in Rotorua from July 24-26, visit the FPIA Convention page here.
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