AI forecast to take care of majority of advisor loan deals
Artificial intelligence will be able to handle up to 80% of advisor loan deals within seven years according to the founder of Australasian asset loan broker LoanOptions.ai.
Julian Fayad told Good Returns a “vanilla” loan, where the applicant is in long-term employment and a high income earner could be managed by AI which can work faster and more smoothly than a person can.
“The shift will be that people will be still doing the role of the broker, but they’ll be using their own AI or the AI they license from other people who’ve built it, ...MORE»
KAN chair calls for financial advisers to be exempt from CoFiWednesday, October 16th, 6:06AM 2 comments
David Seymour's Ministry for Regulation should exempt Class 1 and Class 2 financial advice providers (FAPs) from complying with the Financial Markets (Conduct of Institutions) Amendment Act 2022 (CoFi), according to consultant David Whyte. MORE» |
Retail investors seek relative safety in managed funds and ETFsTuesday, October 15th, 4:23PM
Sharesies’ latest quarterly index shows the platform’s retail investors have become increasingly shy on company-specific investment, favoring a diversified approach in what’s been a volatile period for markets. MORE» |
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New Zealand Equity Monthly September 2024
New climate-related disclosures seen bringing both benefits and challenges MORE »
Southern Cross Health Society Group annual results reflect steep increase in demand for private healthcare
Today Southern Cross Health Society Group (“Group”) shares its annual results for the year ended 30 June 2024, highlighting extraordinary growth in claims over the year; in volume and value. MORE »
How Kiwis can invest in the world’s best companies
Stephen Arnold, Founder and Chief Investment Officer at Aoris Investment Management, explains the quality approach that sets its global equity investment strategy apart. MORE »
Tattoo removal and IVF companies are part of Generate's new PE deal
Generate KiwiSaver makes another investment into private equity.
Generate KiwiSaver Scheme is committed US$25 million in to Australian-based HEAL Partners Fund II which specialises in health and education investments.
The fund isca late-stage growth and follow-on fund, and has raised A$200 million and is targeting A$350million to A$500 million in commitments.
Generate has now committed more than $120 million into private equity and venture capital funds ...MORE»
NZX’s Smart links up with iShares to launch new fundsThursday, October 10th, 6:00AM
Smart, formerly SmartShares, is launching four new ETFs in a new strategic alliance with BlackRock's iShares. MORE» |
Advisers frustrated with NZCFS L5 markingWednesday, October 9th, 6:19AM 3 comments
South Island FAPs say NZ Certificate of Financial Service L5 marking is taking too long and is inconsistent. MORE» |
News Bites
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Fin Advice partnership extended
Financial Advice New Zealand extends partnership with Massey University’s Fin-Ed Centre. MORE»
GoodReturns TV
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[GRTV] Stronger and more unified voice needed to force KiwiSaver changes
The Retirement Commissioner Jane Wrightson talks to Philip Macalister about changes she would like to see made to KiwiSaver. MORE»
Why the Reserve Bank should cut interest rates by a further 1% before Christmas
Last week the RBNZ came through with a “super-sized” rate cut of 0.5% that many economists proclaimed they had predicted. The move was not exactly a huge call given the state of the economy. Another 25bps was arguably an option, and investors took heart that the cut was larger. A more aggressive central provides a prospective tailwind for exporters. Falling interest rates significantly boost the appeal of high dividend companies. MORE»
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Don’t overlook impact of TPD, adviser urges
Total and permanent disability (TPD) cover is something that might be being underestimated by a lot of clients and their insurance advisers, says Travis Hamilton of Plan B Financial Services. MORE»
TMM Online
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Basecorp gets more funding for short-term mortgages
Basecorp Finance secures additional $50m funding for short-term mortgages, reduces rates MORE»
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FMT adds another investment director
Former adviser joins FMT to build its investment offering in Christchurch and the South Island. MORE»
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Tattoo removal and IVF companies are part of Generate's new PE deal
Generate KiwiSaver makes another investment into private equity. MORE»