Weekly briefs

New personal financial planning software, JB Were number one, Number of super schemes falling.

Monday, December 22nd 1997, 12:00AM

Capital Planning Corporation (CPC) has launched a personal financial planning software package to help New Zealanders determine their own savings needs.
Director Selwyn Kenneally says the package is a single user version of CPC's software, which is used by financial planners throughout the country.
"The interactive software package enables anyone with a home computer to follow some simple steps to establish and update their particular needs," he says. It also calculates the impact different interest rates will have on retirement savings, budgets, and income protection," he says.

The package, which is priced at $99, can be run on any PC running Microsoft windows, and it has an extensive on-line help service.
Kenneally says the adviser version helps any financial planner or investment adviser to visually present the reasons to do business to a client. It also can store extensive details of their clients' personal financial position for annual reviews.
Good Returns hopes to review the software early in 1998.

JB Were ranked number one
Institutions have ranked JB Were as the number one broker for the quality of research, according to a survey by Sydney-based firm The Financial Products Research Group (FPRG).
Overall First New Zealand Capital is number one for local institutional investors, with 17 per cent of the market, and JB Were is just one percentage point behind.
FPRG says both firms increased their market share during the year.
Its annual survey covers 18 of the biggest institutions. AMP, which is the biggest institution, does not participate as it does its own internal review.

Fewer schemes
The number of registered superannuation schemes fell 10.2 per cent to 1422, in the year ended June 30, the Government Actuary says.
In its annual report the office says while the trend for fewer super schemes continues there has been some "minor consolidation" occurring.
The other key feature of the sector is the very small size of schemes. According to the office 80 per cent of schemes have assets of less than $5 million, and over half of all the schemes have assets of less than $1 million.

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