NZ sharemarket celebrates a near 1% Easter rise
The New Zealand sharemarket headed into the Easter break in a happy place with a rise of nearly 1%, despite a trading halt, voluntary administration and a Fisher and Paykel Healthcare product recall.
The S&P/NZX 50 Index had a strong afternoon and closed at 12,105.29, up 94.62 points or 0.79% after reaching an intraday low of 11,950.78. The index finished the shortened week more than 1% ahead and has increased 2.8% year to date.
But from a low of 10,741.57 points on Oct 30, the index has risen nearly 13% in five months.
There were 104 gainers and 27 decliners over the whole market on healthy ...MORE»
US decisions likely to decide between more inflation or deflationThursday, March 28th, 5:02AM
The global economy is tettering between inflation and deflation and which way it leans will probably come down to about 12 US Treasury officials, according to British-based economist Andrew Hunt. MORE» |
Australian is new CEO of Guardians of NZ SuperannuationWednesday, March 27th, 1:21PM
Australian industry veteran Jo Townsend has been appointed chief executive of the Guardians of New Zealand Superannuation. 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 »
New winner for Fund Manager of the Year
While the usual suspects were finalists in the Morningstar Fund Manager of the Year, a new winner was announced last night.
The overall fund manager of the year was NZX-owned Quay Street, which also won the KiwiSaver award.
Morningstar Australasia’s Director, Manager Research Michael Malseed said “2023 proved challenging for even the best investors – between the rate hiking cycle and the ongoing geopolitical uncertainty, it was a challenging year to navigate.”
Devon took out the domestic ...MORE»
Simplicity takes stake in tax tech companyTuesday, March 26th, 6:40AM
Simplicity’s latest private equity investment is an 18.8% share in the parent company of two tax technology companies, Tax Traders and its startup business Taxi. MORE» |
[GRTV] Bayly wants a twin peaks model for financial regulationMonday, March 25th, 6:23AM
Minister of Commerce and Consumer Affairs Andrew Bayly talks to Good Returns TV about his plans for financial services, why KiwiSaver reform is not top of the list and his views on financial advice. MORE» |
News Bites
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Multiply partners with NZX Wealth Technologies for tech innovation
NZXWT adds another advisory firm to its platform. MORE»
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»
Investments
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The cheap treat that’s getting more expensive
In this article we look forward to 2024. MORE»
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Is the illusion of knowledge holding your business back?
Steve Wright asks: Is the illusion of knowledge holding your business back by preventing you from growing your skills as an adviser? MORE»
TMM Online
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Mortgage figures show encouraging signs of growth
Mortgage lending has risen 28% since the disastrous February of last year when just $3.8 billion was lent – the lowest February figure since the Reserve Bank started data collection in 2014. MORE»
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Australian is new CEO of Guardians of NZ Superannuation
Australian industry veteran Jo Townsend has been appointed chief executive of the Guardians of New Zealand Superannuation. MORE»
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Bayly will talk to coalition partners before any change to KiwiSaver
Minister of Commerce and Consumer Affairs Andrew Bayly says he wants to focus on capital markets and KiwiSaver providers have a part to play. MORE»