NZ sharemarket down after yesterday's gain
An uncertain New Zealand sharemarket was again lower, giving up well-earned gains from the day before, but there was some bargain hunting in cyclical retail stocks.
The S&P/NZX 50 Index trod softly and closed at 11,803.28, down 49.52 points or 0.42% after previously rising 0.48%.
There were 74 gainers and 61 decliners on the main board, with 29.19 million shares worth $95.67m changing hands.
Paul Robertshawe, chief investment officer with Octagon Asset Management, said the market was operating on heightened uncertainty with recent economic news supporting ...MORE»
Updated expectations on liquidity risk managementTuesday, April 23rd, 2:21PM
The Financial Markets Authority has updated guidance for fund managers and supervisors on effective liquidity risk management (LRM) including KiwiSaver redemptions. MORE» |
Major banks pass RBNZ climate stress test scenario but with profits slashedMonday, April 22nd, 11:00AM
Climate-related risks need to be actively managed to protect the resilience of the financial system to other shocks, the Reserve Bank’s 2023 climate stress test has found. MORE» |
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Kip Hanna – NZHL Group a Year on
A year ago, NZHL finalised the investment in LFG, forming the NZHL Group. The aim was to provide advisers and clients with the best possible options and leverage the collective strength of the group - regardless of whether the adviser is using a full support model or a non-branded adviser-led model. MORE »
How to Change to a Digital KiwiSaver Advice Process
Digitisation provides many benefits to both financial advisers and their clients. But, once you’ve decided to embrace going digital, how do you know where to start? Which areas of your KiwiSaver advice process should be the first to go digital, and which will bring the most benefits to your business? MORE »
Digital Docs more stuff...
Following my lengthy epistles on digital documents and management systems, I've been investigating this from the legal perspective.
What I have found is quite interesting. As insurers create ways and means of managing this, it appears some basic rules from our judicial system have been ignored.
It has also highlighted that the process some insurers currently use for their paper documents does not meet the requirements either.
Specifically, regarding that last point, the MOT, change of ownership, forms with some insurers don't ...MORE»
Consilium integrates ESG profilerThursday, April 18th, 1:52PM
Consilium and FNZ, the global wealth management platform, have launched the Consilium Wrap ESG Profiler, to help advisers personalise client portfolios according to their ESG preferences and values. MORE» |
NZX first-quarter earnings up 23.5%, revenue up 14.8%Thursday, April 18th, 1:46PM
NZX's first quarter earnings rose 23.5% on a 14.8% jump in revenue, chair John McMahon told the annual shareholders' meeting. MORE» |
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News Bites
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Aligning disputes resolution schemes
Commerce Minister Andrew Bayly is planning to align the rules of the four approved financial dispute resolution schemes. MORE»
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GoodReturns TV
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[GRTV] A trip around investment issues with MyFiduciary’s Chris Douglas
It’s not just changes to the trustee tax tax rate that’s driving PIE growth, MyFiduciary principal Chris Douglas tells Good Returns TV. MORE»
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Investments
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Still in charge
Globally, March was a robust month for markets. MORE»
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Acquisition marks significant strategic milestone for Wealthpoint
Wealthpoint buys general insurance business and now focuses on other enhancements to its offering MORE»
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TMM Online
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Move to short term but higher rates
Short term fixed rate loans surged in the first few months of the year. MORE»
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New FMA appointment
Louise Unger is joining the FMA’s executive leadership team as executive director for response and enforcement. MORE»
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Best and worst KiwiSavers according to Consumer
Kiwi-owned providers have come out on top of Consumer’s annual KiwiSaver satisfaction survey. MORE»
