| Log In Subscribe for $0.99/week

News Bites

AMP opts out of Morningstar review

AMP Capital has turned down Morningstar’s invitation to be part of its latest NZ equities manager review.
1 min read
AMP opts out of Morningstar review
Clients surveyed

1 min read
Clients surveyed
Craigs fined

1 min read
Craigs fined
ANZ bringing ETFs to NZ

1 min read
ANZ bringing ETFs to NZ
AMP offers $1000 prize

1 min read
AMP offers $1000 prize
Receivers called in

1 min read
Receivers called in
NZX gets pass mark

1 min read
NZX gets pass mark
Conference nearly full

Have you got your tickets to the National Advisers Conference yet?
1 min read
Conference nearly full
Budget not enough: HFANZ

1 min read
Budget not enough: HFANZ
Assets of FX trader seized

1 min read
Assets of FX trader seized
Defence Force seeks AFAs

1 min read
Defence Force seeks AFAs
Cancer cover suits direct market

Cigna Life has launched Cigna Cancer Cover Insurance, which it says is well suited to the direct market.
1 min read
Cancer cover suits direct market
Wealth Defender IPO successful

Listed investment company Wealth Defender Equities Limited has achieved a successful capital raising of A$125.7 million, more than double the minimum target of A$50 million set out in the initial public offer prospectus.
1 min read
Wealth Defender IPO successful
CFA putting investors first

1 min read
CFA putting investors first
Insurance jobs up

1 min read
Insurance jobs up
NZF in administration

1 min read
NZF in administration
PGC seeks $22 million from Bath St Capital

1 min read
PGC seeks $22 million from Bath St Capital
First NZ censured, fined

First NZ Capital securities has been publicly censured and fined $15,000 after trying to fix a trading error without notifying the NZX of the problem.
2 min read
First NZ censured, fined
Complectus completes purchase

1 min read
Complectus completes purchase
Mai Chen sells wills business to Perpetual Guardian

1 min read
Mai Chen sells wills business to Perpetual Guardian
SPI directors fined for breaching financial reporting rules

1 min read
SPI directors fined for breaching financial reporting rules
FMOY finalists named

1 min read
FMOY finalists named
NZMDT cases up

1 min read
NZMDT cases up
nib adds travel insurance

1 min read
nib adds travel insurance
Latest News
[OPINION] Tax Efficiency vs. Real Returns: Are you being penny wise and pound foolish?
[OPINION] Tax Efficiency vs. Real Returns: Are you being penny wise and pound foolish?
5 min read
KiwiSaver investors look offshore
KiwiSaver investors look offshore
3 min read
Pie adds new ingredient to its funds
Pie adds new ingredient to its funds
2 min read
Sharesies expands into advice – including for advisers
Sharesies expands into advice – including for advisers
3 min read
Latest Comments
[OPINION] Tax Efficiency vs. Real Returns: Are you being penny wise and pound foolish?
On a slightly different matter. A friend of mine owned a business and made enough to afford to purchase a property (office cum warehouse) for his business. I asked why don't he buy instead of rent? He said his accountant told him to rent, don't buy, to reduce his tax. He heeded his accountant's advice. 30 years later, he retired, his cash savings was nowhere near the value of the property he didn't buy. Had he purchased the property, at least he has two options - rent out the property for his retirement income or sell it and realise the capital gain (no tax) which far exceeds the tax savings during his business trading years. Penny wise pound foolish, eh?
4 days ago W K
[OPINION] Tax Efficiency vs. Real Returns: Are you being penny wise and pound foolish?
Great article and points made, Andy. I had to explain recently and demonstrate these very points to a very senior professional trustee. I was instructed by the trustee to "make the portfolio tax efficient." I guess, from a CA point of view, that made sense to her. As luck would have it, the newly appointed CA completing the accounts didn't quite see it that way and agreed with my advice and your article.
5 days ago John Milner
Lessons for life insurers from 1918
Remember that New Zealand did not have bodies overwhelming morgues in the midst of the pandemic so we didn't see a spike in deaths - unlike a lot of other countries. Hence no panic to get cover.
6 days ago Mark Stone
Competing with fintechs the way to go
If an adviser has their own FAP license, why would they risk having their client’s data (basically their whole business) held in an aggregator owned CRM?
1 week ago Valkyrie Vulcan
Should KiwiSaver hardship applications be centralised?
It should be that onerous. It's a retirement scheme. not a fix the car scheme not a bail out your bad choices scheme the temptation for it to become so grows as balances grow. And KiwiSaver reules must resist it. Every year there will be a new record for withdrawals, because there will be more in it to take, and more people looking to use it. That's not a failure, that means it works.
1 week ago Regan Thomas