Countdown to CoFI: Public awareness campaign set to launch
The Financial Markets Authority will soon launch an advertising campaign targeting consumers encouraging them to measure their bank, non-bank deposit taker or insurer’s products and services against the criteria set out in their Fair Conduct Programme.
The Financial Markets Authority will soon launch an advertising campaign targeting consumers encouraging them to measure their bank, non-bank deposit taker or insurer’s products and services against the criteria set out in their Fair Conduct Programme.
The development and regulator approval of an FCP is the core requirement of the Conduct of Financial Institutions legislation, which takes effect ...MORE»
Bonds bright spot for active managers in 24Wednesday, March 19th, 8:12AM
Standard and Poors annual report comparing how active managers have performed against passive ones has some good news for local managers. MORE» |
FMA files charges against former adviserTuesday, March 18th, 2:34PM
The Financial Markets Authority (FMA) has filed criminal charges against former financial adviser David McEwen, for failing to comply with a stop order, due to concerns he is still contacting potential investors. MORE» |
KiwiSaver gender gap widest in middle-age
Balances have climbed after a year of strong market performance but women are still being left well behind as compound interest works its magic on their male counterparts’ larger balances in the lead-up to retirement.
Research from actuaries MJW based on data from KiwiSaver providers and released today by the Retirement Commission shows the average KiwiSaver balance is $37,079, up by $5,256 on the previous year.
The 25% difference in average balance between men and women has remained steady for the past two years. The average balance for women is $34,185 while for men it is $42,664.
As KiwiSaver members age, the ...MORE»
[The Wrap] Just when you thought there would be less there's more.Saturday, March 15th, 10:11AM
About a year ago a senior executive at a life insurance company told me we have too many life insurers in New Zealand and there needed to be more consolidation. MORE» |
Sheep Sheds and Credit SpreadsSaturday, March 15th, 6:04AM
Mint Asset Management investment analyst Ryan Falls reckons, well his Dad reckoned, he was not got at counting sheep on the family farm. But with hard work and having a good framework things have changed. MORE» |
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News Bites
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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»
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GoodReturns TV
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[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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Non-Pharmac-funded drug insurance comes with limits
[UPDATED] Insurance advisers need to understand that most insurers will only cover non-Pharmac-funded cancer drugs if they have been approved by Medsafe and also indicated as treatment for the specific type of cancer their client develops. MORE»
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TMM Online
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Cashbacks rather an interest rates the fight for banks
Compared to other countries, New Zealand’s banks infighting is mainly on cashbacks rather than interest rates in the mortgage sector. MORE»
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Pinnacle doubles its NZ presence
Australian based fund business has added a second person on the ground in New Zealand. MORE»
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No lid on KiwiSaver fees as balances grow
As KiwiSaver balances continue to swell the scheme is becoming a cash cow for investment managers, prompting one industry observer to question why there is not more downward pressure on fees. MORE»
