NZ Super Fund CEO wins business award

17 March 2017

Press release: New Zealand Superannuation Fund CEO Adrian Orr received the “Outstanding Contribution to Finance and Business Award” at last night’s 2017 NZ CFO Awards in Auckland, New Zealand. More>

No monitoring team, no plan for AFAs: FMA

17 March 2017

Goodreturns: The Financial Markets Authority has revealed it has no staff members specifically tasked with monitoring financial advisers, and no set plan of how to do so. More>

Kiwibank in hot water with regulator

17 March 2017 Kiwibank 'working urgently' with the RBNZ after a preliminary view from the regulator concludes $250m of its bonds don't comply with bank capital rules. More>

Aussie super industry unites to oppose super for home loans

17 March 2017

 Money Management magazine: Rumours that the Government may use the May Budget to allow people to access their superannuation to place a deposit on a new home has succeeded in uniting all sections of the superannuation industry in vehemently opposing such a step. More>

House prices and household budgets

17 March 2017 House prices may be at scary levels, but household budgets need to afford the rent, saving for a deposit, or a mortgage payment. And that is often a different story. More>

Warren Buffett again backs Vanguard ETF

15 March 2017

Morningstar: Warren Buffett once again extolled the virtues of passive funds in his recent Berkshire Hathaway shareholder letter and reiterated his recommendation of Vanguard 500 Index as his preferred vehicle. More>

Catching up needed for bank regulation

15 March 2017 Martien Lubberink says NZ has some catching up to do from a bank regulatory capital perspective as the RBNZ embarks on a review. More>

World markets poised for US Fed rate hike

15 March 2017 Financial markets and home owners face a key point this week if the US Federal Reserve conforms to expectations and raises its official interest rate. More>

Super Fund responds to Wilmar enquiry

15 March 2017

Press release:The NZ Super Fund’s shareholding in Wilmar is a passive one held by virtue of our ‘owning the market’. We invest thousands of listed companies worldwide to get diversified exposure to global sharemarkets. The value of these investments is determined by a range of factors including market capitalisation, the company’s representation in market indices and the overall size of the NZSF. More>

Estimated compliance costs of anti-money laundering net fall

15 March 2017 Justice Minister Amy Adams says estimated compliance costs of extending anti-money laundering net have fallen by as much as half to between $800 mln and $1.1 bn. More>