The New Zealand Superannuation Fund’s new machine-learning portfolio of New Zealand shares has exceeded expectations and managed to outperform its internally and actively managed NZ equities portfolio.

The chair of parliaments finance and expenditure committee (FEC) changed last week without any formal announcement or explanation, casting doubt on whether the governments intentions to make meaningful changes to the banking sector.

Reserve Bank chief economist Paul Conway has added his voice to those warning that interest rates, and therefore mortgage rates, aren't likely to return to pre-covid levels.

Almost all diversified KiwiSaver funds in the Melville Jessup Weaver survey for the December quarter achieved positive returns with growth funds averaging about 4% and conservative averaging about 15 after fees but before tax.

BT Funds Management (NZ), Westpac's investment arm in New Zealand, has reported a 10.8% rise in annual net profit for the year ended Sept 30, 2024.

A new life insurance company is planning to launch later this year and has already made some senior hires.

Lack of access to the Reserve Bank's exchange settlement account system (ESAS) is a key factor hampering specialist lenders because it means both a higher cost of capital and a requirement to hold more capital than the banks they compete against.

The government has given Kiwibank's parent, Kiwi Group Capital, and the Treasury the green light to raise up to $500 million from institutions including KiwiSaver funds ahead of an eventual public float.

Once the capital is raised it could allow Kiwibank to lend up to an extra $10 billion to home buyers or $4 billion to businesses.

A tax consultant is warning those who aren't declaring their foreign investment fund (FIF) income that Inland Revenue may soon catch up with them.

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.

A note to New Zealand Funds Management's accounts filed with the Companies Office suggests the business may be for sale, although information Good Returns has been able to glean has been contradictory.

Did Devon Funds Management have a much better year in the 12 months ended March 31?

The private equity owners may refloat Metlifecare once the housing market has recovered.

Inland Revenue is proposing to make fees charged for fund management exempt from GST.

Two of the newer KiwiSaver schemes chalked up larger losses in their latest financial year.

NZX's Smartshares funds management business lifted funds under management (FUM) 8.2% to $11.88 billion between December and June 30 with 6.3% of that growth coming from improving markets.