Jarden Securities ex-wealth lifts annual net profit 26%
Jarden Securities' annual net profit excluding the since-sold wealth management business jumped 26% while revealing that investment banking and unrealised capital gains contributed the bulk of the increase.
The annual report shows for the year ended March excluding wealth rose to $12.6 million from $10 million the previous year.
The wealth business was hived off in April last year to FirstCape, its joint venture with National Australia Bank and Pacific Equity Partners, and so it contributed just $1.8 million to the latest result, down from $10 million the previous year and meant the company’s bottom ...MORE»
Adviser feedback spurs AIA coverage updatesMonday, July 7th, 6:37AM
Changes included buyback options for life cover and an expanded out-of-hospital cardiac arrest definition. MORE» |
Nikko expands Goals Getter fund rangeFriday, July 4th, 8:23AM
In a week of new fund offerings Nikko is the latest to add new funds to its offering. MORE» |
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A new PIE with a different flavour
Insync Funds Management, a long-established specialist global equities manager based in Sydney, has registered the PIE version of its flagship Insync Global Quality Equity Fund.
Investors have had access to its Australian Unit Trust offerings since 2017, with this latest addition signifying its commitment to New Zealand.
Whilst it’s now common to see Australian managers release a PIE alternative, what is different with this fund is the ‘Quality’ investment style employed; one that Insync largely pioneered in Australasia 15 years ago. It is the active equity ...MORE»
Going for good growthTuesday, July 1st, 8:05AM
Pathfinder is adding a High Growth fund to its KiwiSaver product suite in response to growing consumer demand. MORE» |
Name suppression lifted on financial adviserMonday, June 30th, 10:06AM
The Financial Markets Authority can now name a former financial adviser who pleaded guilty to fraud charges. MORE» |
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News Bites
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AI provider to KiwiSaver secures funding
Sevaka secures $1 million to scale AI platform for financial services. 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»
Fin Ed is Good Ed
For most Kiwis growing up in New Zealand financial education was a hands-on experience. We’d earn $1 from weekly chores, deposit 50 cents into our Post Office savings account, and spend the rest at the tuck shop—back when 50 cents could buy heaps and even leave you with change. MORE»
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Is Pharmac improving?
Russell Hutchinson checks back on two desperate families who sought to raise money to buy non-funded drugs to see how they got on. MORE»
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TMM Online
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Significant number of borrowers still hanging out for OCR cuts
Even though the OCR didn’t budge yesterday, a sizeable chunk of mortgage holders are expected to keep fixing at floating rates in the hope there will be further cuts. MORE»
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Fisher Funds makes new private equity hire
A month after it announced plans to invest $1 billion in private equity Fisher Funds makes an important new hire. MORE»
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KiwiSaver is the future of financial advice: Bascand
More than a million people will be seeking advice on their KiwiSaver, Harbour Asset Management co-chief executive Andrew Bascand says. MORE»
