News

Simplicity open for business

16 September 2016

"The platform has been thoroughly tested, and has passed with flying colours. It’s now fully functioning, industrial strength and ready to make Kiwis richer in retirement," said managing director Sam Stubbs."We’ve already reached our 12 month targets. Thousands have registered interest, and we are now making Simplicity fully available to them’," he said. Goodreturns.co.nz  More> 

What's good advice from an RFA?

16 September 2016

Non-AFA advisers are being warned that while what counts as a good advice process for them might be a “grey area” at the moment, they should expect to have to follow a set procedure soon.The issue is in the spotlight because the Financial Markets Authority is looking at the processes of risk advisers who have high rates of replacement business.  Goodreturns.co.nz.  More> 

Tower upsets a reinsurer by allegedly catching it 'off-guard' in its haste to secure desperately needed cash

15 September 2016

Tower risks losing a chunk of the $50 million of emergency reinsurance it’s counting on to settle its outstanding Canterbury earthquake claims. Interest.co.nz. More> 

Brian Fallow: Who shares the gains of growth?

15 September 2016

So, the economy has been growing at a respectable pace - 3.6 per cent over the year to June, but how inclusive is that growth? Is it a rising tide that lifts all boats, or an ebb tide leaving lots of people stranded, beached, going nowhere? NZ Herald. More> 

Young take dim view of the future of NZ super

14 September 2016

Most young people expect New Zealand Superannuation will be means-tested and the age of entitlement lifted by the time they retire - and fewer than a quarter think it will be enough to live off. NZ Herald.  More> 

Not enough Australians take superannuation seriously

14 September 2016

Figures from super industry group ASFA and the Australian Institute of Superannuation Trustees show that younger savers are still ignoring super despite the fact that they will have a greater need for it than older generations. News.com.au. More> 

Partners closes Blackstone deal

14 September 2016

Partners Life says the investment from Blackstone Tactical Opportunities has closed successfully. The transaction, first announced in May, was subject to regulatory approvals, which have now been granted. Goodreturns.co.nz. More> 

Lack of young advisers may leave businesses floundering

14 September 2016

A severe lack of young advisers is threatening the future of the financial advice industry. That’s according to Janine Scott, senior lecturer in financial planning and advice at Massey University. Goodreturns.co.nz. More> 

Advisers' big fee hurdle

14 September 2016

Advisers and the advice industry have a challenge to get clients to understand that financial advice is not a free good and that they will need to pay for it in some way, AMP's director of sales and advice, Blair Vernon, says. Goodreturns.co.nz. More> 

Craig Simpson finds the lack of KiwiSaver options for socially responsible investors means comparisons are difficult and focus on short term returns

14 September 2016

Numerous studies conclude there is no discernible difference in the risk and return profile between a socially responsible fund and a mainstream fund. In some cases, the performance of socially responsible funds outperforms mainstream funds. Goodreturns.co.nz. More>