News Round Up
Funds flow numbers not good, Prime Minister to focus on savings issues, Money Managers names top adviser, AXA says well placed for growth and more.
Monday, January 31st 2005, 1:15AM
Funds flow figures for the last quarter of 2004 are due out tomorrow and they don’t make pretty reading. This is despite some good fund and market performance. Check in tomorrow to see how the managers have done.
Helen Clark to focus on savings issues
Prime Minister Helen Clark is set to focus on saving for home ownership, retirement and tertiary education in her state of the nation speech this week.
She will give her opening statement when Parliament resumes on Tuesday and this year it will set the agenda for Labour's election campaign.
Although it will not be specific on detail - that can be expected in the budget and in election pledges - it will outline what the Government sees as crucial areas.
It is expected to focus on the importance of saving for home ownership, retirement and tertiary education.
The Government believes asset building is good for society as it gives people a better sense of security and more confidence in the future.
New Zealanders doing OK with savingsA new study on savings habits in New Zealand and 14 other countries suggests Kiwis are doing quite well.
The study has some other interesting facts. To find out more go to www.supertalk.co.nz
AXA says well placed for profit growth in 2005
Axa Asia Pacific Holdings Ltd is well placed in all its major markets to deliver further profitable growth in 2005, group chief executive Les Owen said last week. [MORE]
Money Managers names top adviser
Whakatane Money Managers franchisee Rae Fairest has won the firm’s Investment Adviser of the Year title for the second consecutive year. She was named the top adviser after gaining the highest average ranking in an annual quality service review covering 34 performance measures on providing investment advice.
Fairest has been with Money Managers since 1993, operating the Kawerau and Whakatane franchises.
Other finalists in the Investment Adviser of the Year were five times finalist and twice previous winner Ian Shore of Dunedin, and first time finalists Rob Blackmore of Nelson, Jonathan Davies of Pukekohe, and Alan Brake of Taupo. Dunedin won the Office of the Year for the second time. The new investment adviser of the year was Kevin Sherman of Wanganui.
Unit holders approve debt threshold increase
Kiwi Income Property Trust unit holders last week approved a resolution that the limit on money borrowed is increased to 40% of the gross value of the trust fund [MORE]
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