News

FMA: Who's taking $40,000 out of your KiwiSaver - for what?

23 September 2016

Jacqueline (not her real name) has $90,000 in her KiwiSaver account - but she's angry she has no idea how fees charged by her provider have affected her eventual nest egg. NZ Herald.  More> 

Morningstar economic update: September 2016

23 September 2016

Many asset classes, both at home and overseas, ran into heavy weather over the past month, principally because markets started to confront the reality rather than the distant prospect of more-normal monetary policy in the United States. Many asset valuations had made sense only when interest rates looked likely to remain very low,and thus were vulnerable when the tide started to turn. From RaboDirect.  More> 

Go forth and become a fund manager

23 September 2016

Carmel Fisher: I wonder how many parents would consider fund management as a worthy career for their sons and daughters? I would, but then I’ve enjoyed being part of the fund management industry for nearly thirty years and seen its impact on people’s lives. From RaboDirect.  More> 

Catalyst for stock fall difficult to see - fund manager

23 September 2016

Nikko Asset Management New Zealand is cautious about the outlook for Kiwi stocks, but the firm's head of equities says it is difficult to see a catalyst that would drive a sudden turnaround in their strong performance. NZ Herald. More> 

Fisher Funds: Ignorance is no defence

23 September 2016

We KiwiSaver providers have been in the spotlight lately, with a couple of media articles raising questions about ethical investments, fees and disclosure. It has been great so many KiwiSaver members have been prompted to contact their providers to find out more about how their KiwiSaver funds are invested. NZ Herald.  More> 

Maybe you can afford to quit - it might cost less than you think to never work again

23 September 2016

It's a great dream, but bringing it into reality takes courage to let go of everything you have built up and accept the risk that you might not have enough. It's called FU Money; the amount of money you need to say: "F-You, I quit!" Stuff.co.nz.  More> 

Reserve Bank to publish redacted submissions

23 September 2016

The Reserve Bank is to routinely publish submissions it receives to policy or industry consultations rather than condensing them into a summary. However, the submissions will only be made public with the consent of the organisation or individual. BusinessDesk. More> 

Banks, accountants' lobby groups push for new Australian-style single anti-money laundering regulator

21 September 2016

The industry bodies for both banks and accountants are calling on the Government to establish a new, single supervisor to oversee compliance with the Anti-Money Laundering and Countering the Financing of Terrorism Act as it moves to extend the Act. In contrast, the New Zealand Law Society wants to supervise lawyers' compliance itself. Interest.co.nz.  More> 

Craigs schemes get rebrand

21 September 2016

Craigs has announced it is to repackage its kiwiSTART Defined KiwiSaver scheme as QuayStreet KiwiSaver. Quay Street will take over as the named manager of the fund from Craigs Investment Partners Superannuation Management, but the underlying product, and the funds it invest in remain unchanged. Goodreturns.co.nz.  More> 

Work to change fee disclosure

21 September 2016

A working group has already begun to look at ways that KiwiSaver fees could be reported with more transparency.  CFFC group manager of investor capability David Boyle said there was clear consumer demand for fees to be presented in an easier-to-understand way. Goodreturns.co.nz.  More>