Updated expectations on liquidity risk management

The Financial Markets Authority has updated guidance for fund managers and supervisors on effective liquidity risk management (LRM) including KiwiSaver redemptions.

Under the new LRM guidance which replaces the 2020 version, the FMA recommends that fund managers have a range of appropriate liquidity management tools (LMTs) for specific circumstances, including where redemption obligations can’t be met in the ordinary course of business.

The guidance says in extreme circumstances managers, including KiwiSaver providers, should be able to temporarily suspend ...MORE»

Major banks pass RBNZ climate stress test scenario but with profits slashed Monday, 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»

Digital Docs more stuff... Monday, April 22nd, 8:50AM Following my lengthy epistles on digital documents and management systems, I've been investigating this from the legal perspective. MORE»

Consilium integrates ESG profiler

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.

The solution which uses FNZ Impact, an ESG solution integrated into FNZ’s wider platform, uses data from multiple ESG data providers to measure and review holdings against six preferences including human rights, climate change, corporate governance and waste to landfill. The solution also has exclusionary filters that prevent unwanted investments connected to fossil fuels, tobacco, gambling and ...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»

Wither now for Flint Wealth's platform? Wednesday, April 17th, 3:33AM  1 comment There has to be some question over the Flint Wealth management platform's future after Harbour Asset Management and Grace Sterling subsidiary Trustees Executors apparently refused to continue funding it. MORE»

News Bites

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Would-be scammer convicted after running one of biggest pyramid schemes in NZ

A pyramid scheme promoter who says she was going to “make history as one of the biggest scammers in New Zealand” has been convicted on five charges laid by the Commerce Commission under the Fair Trading Act. MORE»

GoodReturns TV

[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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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»

TMM Online

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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Chch-based Lifetime hits the green with new appointment

The former head of IRESS in New Zealand has joined advice group Lifetime as its managing director.  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»