News Round Up

Dorchester posts mixed result, Men and women equal as advisers, Will Winston Peters back the Govt's super scheme?

Sunday, June 10th 2001, 10:35PM

Dorchester Pacific, the listed company that owns Direct Broking, Equity Investment Advisers and Invincible Life, has reported a mixed result for the year ending March 31.

The company's pre-tax profit fell, from $3.69 million to $2.98 million, while its post-tax profit rose from $2.5 million to $3.0 million.

"This is the fifth consecutive year of increased net profit and earnings per share," chairman Murray Radford says.

Managing director Brent King says the finance and investment advisory and sharebroking divisions contributed positively to the result, although at a lower level than for the previous period.

The insurance division showed an improved return and the group tax charge has been reduced by benefits available to the group and to the insurance industry.

King noted that the financial services industry still had significant challenges relating to the performance of the New Zealand economy.

Men and women equal as advisers

A recent Newspoll study in Australia about public perceptions of professional financial advisers indicates that seven out of 10 people believe that men and women are equally good and equally knowledgeable.

However, about three in 10 rate women higher than men in the areas of trustworthiness, understanding, believability and communication.

Men, on the other hand, appear stronger than women in the area of authoritativeness.

The same study also determined that the Internet is not yet seen as a major threat to financial advisers, with fewer than two in 10 people feeling comfortable about making financial decisions based purely on information sourced through the 'net.

Time is running out
Time is running out to register for this year's Financial Planners and Insurance Advisers Conference.

For full details of the conference and the online registration form CLICK HERE.

The latest addition to this page is a full listing of the workshop sessions.

The page also includes programme details - speakers and workshops, conference information and an accommodation guide.

Another chance to win
Do you want to win a bottle of fine Marlborough sparkling wine? Yes? Well then visit www.supertalk.co.nz and enter the Super Quiz (all you have to do is answer six real easy questions).

While you're there find out the latest news on superannuation including what's happening with the Government's proposed multi-billion dollar super fund.

The big question at the moment is: Will Winston Peters back the Government's plan? Cast Your Vote Here.

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