GoodReturns | NZ’s financial adviser news-item centre

Govt greenlights Kiwibank raising $500m ahead of eventual float

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.

Tue, Dec 10th 2024 05:54AM

IRD likely to catch up with those not declaring FIF income

2 min read

KAN chair calls for financial advisers to be exempt from CoFi

2 min read

Is NZ Funds Management for sale?

3 min read

Devon's owner says its financial accounts are “meaningless”

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

4 min read

Devon's owner says its financial accounts are “meaningless”

Metlifecare may refloat; climate reporting costs mount

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

2 min read

Metlifecare may refloat; climate reporting costs mount

IRD wants to make fund management fees exempt GST

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

3 min read

IRD wants to make fund management fees exempt GST

Two KiwiSaver schemes report larger losses but make revenue gains

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

2 min read

Two KiwiSaver schemes report larger losses but make revenue gains

Smartshares lifts FUM 8.2% between December and June

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.

2 min read

Smartshares lifts FUM 8.2% between December and June

Quotemonster launches KiwiSaver research tool

Quotemonster's owner, Quality Product Research, is teaming up with financial research company Morningstar to start offering advisers information on all the various KiwiSaver products now available.

3 min read

Quotemonster launches KiwiSaver research tool

Life advisers need to actively review legacy policies

Life insurance advisers who choose not to review legacy policies are opening themselves up to censure by the regulator, the Financial Markets Authority, Compliance Refinery director Steven Burgess told a Quotemonster roadshow event in Lower Hutt.

3 min read

Life advisers need to actively review legacy policies

Fidelity survey: most Kiwis haven't consulted an adviser

A survey of the public for Fidelity Life found only 22% of New Zealanders had consulted a financial adviser.

3 min read

Fidelity survey: most Kiwis haven't consulted an adviser

Level 5 certificate to remain the minimum requirement for advisers

The Financial Advice Code Committee won't be recommending any changes to the minimum education requirement for financial advisers being the level 5 certificate, committee chair Angus Dale-Jones told the Wellington session of Financial Advice New Zealand's (FANZ) Connect tour of the country.

2 min read

Level 5 certificate to remain the minimum requirement for advisers

Fictional fund manager accounts

Fund managers love to talk about their investment performance, but some are reluctant to talk about their own performance.

4 min read

Devon and Generate join other managers in having a better year

The string of improving results from fund managers is continuing with both Devon Funds Management and Generate Investment Management reporting substantial annual profit increases.

1 min read

Devon and Generate join other managers in having a better year

June quarter wholesale fund returns were a mixed bag

Mint Asset Management shone in New Zealand equitites in the June quarter while Milford Asset Management was the top performer in Australasian equities, according to the results for wholesale funds in the latest MJW survey.

2 min read

June quarter wholesale fund returns were a mixed bag

Better year for Milford

The year ended March 31 was a much better year for Milford Funds than the previous year, largely because of performance fees.

2 min read

Are financial markets too complacent about geopolitical risks?

Financial markets appear to be overlooking any potential volatility from global political and other international developments, according to MJW in commentary attached to its latest survey of fund performances.

2 min read

Are financial markets too complacent about geopolitical risks?

Passive approach pays off for Simplicity's KiwiSaver investors

Taking a passive approach to investment paid off for those in Simplicity's growth and blanced KiwiSaver funds in the June quarter and for those in its newer default fund created after it was chosen two years ago to be one of the six default managers.

3 min read