Let the dust settle on CoFI says former exec

A week into the CoFI regime one industry commentator says consumers do stand to benefit from providers having to work hard to ensure they hold on to their licences.

A week into the CoFI regime one industry commentator says consumers do stand to benefit from providers having to work hard to ensure they hold on to their licences.

Former company executive David Whyte, now a consultant under DCW Management, says licensees will need to continue to invest in the systems behind their Fair Conduct Programmes.

“I'm very familiar with the internal mechanisms ...MORE»

Knowledge gap a challenge for advice sector Tuesday, April 8th, 7:56AM  1 comment Much of the financial advice world still lacks the specialist knowledge required to meet investors’ expectations for advising them on ethical and responsible investment choices, according to the latest survey by Mindful Money and the Responsible Investment Association Australasia. MORE»

Collective action underway to promote advice Tuesday, April 8th, 6:48AM The reputation of the advice sector is up for a makeover with a collaboration between the Retirement Commission and Financial Advice New Zealand to help promote the value advisers bring to their clients’ lives. MORE»

Trust Management gets a new view on bonds

Ethical fund manager Trust Management has entered into a partnership with one of the world’s largest asset managers to manage bonds.

Trust Management, has entered a strategic partnership with Nuveen, which managers assets of more than $2.3 trillion, to manage a ESG International Bond Fund.

Trust Management will make an initial investment of more than $55 million into the Nuveen Global Core Impact Bond Fund during the second quarter of 2025. 

Nuveen managers were in New Zealand recently and presented at the Heathcote Partners ...MORE»

[The Wrap] Bouquets and brickbats in a big week; A challenge for advisers too Friday, April 4th, 5:02PM In true Wrap style this is a wrap of the past week and it has been a big one. Philip Macalister hands brickbats and bouquets and offers up a challenge to advisers. MORE»

FMA to review access to financial advice Friday, April 4th, 9:00AM  4 comments The regulator is launching a review to help it better understand why many New Zealanders are reluctant to access financial advice. The review will also delve into industry business models. MORE»

News Bites

TA Associates deal to buy Craigs stake clears hurdles

Craigs Investment Partners shareholder have approved a proposal to sell a 50% share in the company to global private equity firm TA Associates. MORE»

GoodReturns TV

[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility

Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits.  MORE»

Passive Investing is Impassive on Valuation

It’s difficult to approach the topic of passive investing without acknowledging one’s own inherent bias. After all, careers have been built on the premise that active investing adds value. No matter how much we try and attempt to set biases aside – your author know they are unlikely to succeed. MORE»

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After short delay nib life takes off

nib says its new Ultimate Life and Living Insurance suite of products will be available to advisers from Wednesday after, after delaying the initial launch date. MORE»

TMM Online

Advisers to be educated on lending for businesses

Newly minted HomeSec New Zealand manager Ziggy Munz is confident residential mortgage advisers will be able to add another arrow to their lending bow after an education programme he is planning. MORE»

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Trisha Edmonds to leave ANZ Investments

After quarter of a century working with advisers ANZ head of distribution Trisha Edmonds has decided to retire. MORE»

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KiwiSaver or KiwiTaxer? The changes high on adviser wishlists

There remains no real incentive for clients to direct extra contributions into KiwiSaver, so long as New Zealand is still a global outlier in its choice of tax structure around retirement savings, according to one financial advisory firm leader. MORE»