News

Business claims top $653m from November earthquake

3 February 2017

Reuters: New Zealand businesses have made insurance claims of more than NZ$900 million ($653.49 million) for losses from the earthquake that rocked the capital city of Wellington in November.  More>

MJW's December investment survey released

3 February 2017

Melville Jessup Weaver has released its December 2016 Investment Survey.  New entrant Simplicity KiwiSaver's  growth fund was ranked third amongst 16 funds. More>

Reserve Bank publishes final outsourcing policy decisions

3 February 2017

RBNZ press release: The Reserve Bank has published its final policy decisions on a revised outsourcing policy for locally incorporated registered banks. More>

Morningstar releases December quater KiwiSaver Survey

3 February 2017

Volatility returned to markets in the final quarter of 2016, following the results from the US election. Fixed income markets, listed property, and New Zealand shares all produced negative results, while global equities was one of the few asset classes to shine. More>

MBIE forms FinTecNZ group

3 February 2017

Scoop press release: New Zealand’s biggest and smartest financial businesses are coming together with the Ministry of Business, Innovation and Employment (MBIE) around the launch of FinTechNZ, to take place in Christchurch, Wellington and Auckland from Tuesday to Thursday next week. More>

Household borrowing on the rise

1 February 2017

Interest.co.nz. New RBNZ figures show that household borrowing increased again at the end of last year following a couple of months of slower growth. More>

Morningstar drops Fisher global fund

1 February 2017

InvestmentNewsNZ: Morningstar has stopped covering the almost $29 million Fisher Funds International Growth Fund as part of its regular cull of irrelevant, poor-performing or unloved products. More>

Adviser body merger progress

1 February 2017

InvestmentNewsNZ: The proposed transformation of New Zealand’s two largest financial adviser bodies into a single consumer-centric think-tank moves into its final consultation phase next week with a nationwide tour. More>

Super fund Māori investment vehicle backing

1 February 2017

InvestmentNewsNZ: The New Zealand Superannuation Fund (NZS) is spearheading efforts to create a united Māori investment vehicle capable of tapping into big-end-of-town private equity deals. More>

FAA review number two

27 January 2017

Goodreturns.co.nz: After a delay caused by the Kaikoura earthquake, MBIE says that an exposure draft of the new Financial Advisers Act should be ready for distribution before the end of February with the aim of introducing a Bill to Parliament by mid-2017. More>