Financial Services Council welcomes new Labour-led Govt

Press Release – Financial Services Council

The Financial Services Council welcomes and congratulates the new Labour-led Government. Prime Minister elect Ardern and her team have a strong mandate and a great opportunity to pursue a strong and progressive policy agenda, said Richard Klipin, CEO of … Read more »

Robo-Advice Decision Will Improve Kiwis’ Financial Fortunes

Press Release – Kiwi Wealth

Kiwi Wealth has welcomed the Financial Markets Authoritys decision to grant exemptions for robo-advice, saying the move will unshackle technology advances to benefit more New Zealanders financially. Read more »

Food and Drink Top Growth Capital Investments of the Year

Press Release – NZVCA

Successful investments by two private equity firms in New Zealand King Salmon and Brew Group won awards from The New Zealand Private Equity and Venture Capital Association (NNZVCA)) as the best Investment of the year at its annual conference in Queenstown … Read more »

HiFX Morning Update, October 20, 2017

Press Release – HiFX

The NZDUSD opens at 0.7017 (mid-rate) this morning. Read more »

HiFX Morning Update, October 20, 2017

Press Release – HiFX

The NZDUSD opens at 0.7017 (mid-rate) this morning. After almost a four week wait since the 23rd of September New Zealand Election a decision has been made by Mr Peters, NZ First party leader to form a coalition government with Labour (and the Greens). … Read more »

Veritas censured, fined $55,000 plus costs

Article – BusinessDesk

Oct. 19 (BusinessDesk) – Veritas Investments has been publicly censured and fined $55,000 plus costs by the NZ Markets Disciplinary Tribunal for failing to immediately disclose to the market that it had agreed to sell or close its Nosh business as a … Read more »

Fresh tech advances driving growth in fintech

Press Release – Make Lemonade

The New Zealand financial sector will be able to provide their clients with unprecedented online advice from next year and a leading fintech expert today urged companies to start looking to the process sooner rather than later as the FMA is expecting substantial … Read more »

The FMA and ASIC confirm trans-Tasman collaborative approach

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) and the Australian Securities and Investment Commission (ASIC) have reaffirmed their commitment to collaboration and cooperation on the expanding opportunities in fintech and innovation. Read more »

HiFX Morning Update, October 19, 2017

Press Release – HiFX

The NZDUSD opens at 0.7146 (mid-rate) this morning. The NZD is down against the majority of its trading rivals with yesterdays disappointing dairy trade auction weighing heavily on the currency. We expect the NZD to trade sideways ahead of Winston Peters … Read more »

RESEND: Former PM John Key tapped to take over as ANZ Chair

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Former Prime Minister John Key will take over as chair of the country’s biggest bank, ANZ Bank New Zealand, next year in his second high-profile directorship. Read more »

Former PM John Key tapped to take over as ANZ NZ chair

Article – BusinessDesk

Oct. 18 (BusinessDesk) – Former Prime Minister John Key will take over as chair of the country’s biggest bank, ANZ Bank New Zealand, next year in his second high-profile directorship. Read more »

FMA allows personalised robo-advice

Press Release – Financial Markets Authority

FMA allows personalised robo-advice; applications open early 2018 Consultation to follow on draft exemption notice Read more »

FMA fast-tracks personalised robo-advice with exemption

Article – BusinessDesk

Oct. 18 (BusinessDesk) – The Financial Markets Authority will let Kiwis access personalised automated financial advice, known as robo-advice, with an exemption kicking in before a legislative overhaul of the sector. Read more »

FMA fast-tracks personalised robo-advice with exemption

Article – BusinessDesk

Oct. 18 (BusinessDesk) – The Financial Markets Authority will let Kiwis access personalised automated financial advice, known as robo-advice, with an exemption kicking in before a legislative overhaul of the sector. Read more »

HiFX Morning Update, October 18, 2017

Press Release – HiFX

The NZDUSD opens at 0.7169 (mid-rate) this morning. The NZD is trading slightly higher against the majority of its rivals after yesterdays inflation data came is ahead of expectations. The NZDUSD traded to a high of 0.7200 before a disappointing … Read more »

Fisher Funds says new Xero holding amounts to 3% of Kingfish

Article – BusinessDesk

Oct. 17 (BusinessDesk) – Kingfish, a listed investment fund that targets New Zealand shares, has taken an $8 million position in Xero shares after flagging its first bet on the unprofitable accounting software company. Read more »

Family farm trusts at risk

Press Release – Crowe Horwath

Family farm trusts at risk Agri family businesses that have a trust structure need to make sure theyre not burnt by the changes in legislation that governs trusts. Crowe Horwath Business Advisory Partner Denis Hames says neglecting your family trust … Read more »

NZ Q3 CPI Release

Press Release – HiFX

The NZ Consumer Price Index (CPI) for Q3 has just been released. The CPI came in higher than expected. NZ CPI Q3/Annual: Headline Q3 CPI +0.5% / +1.9% Consensus 0.4% / +1.8% Non-tradables CPI +0.7% / +2.6% versus previous quarter Tradables CPI +0.2% … Read more »

Banking Ombudsman Annual Report 2017

Press Release – Banking Ombudsman

We are really proud of what we have achieved this year- said Banking Ombudsman, Nicola Sladden. Our numbers show that we are helping more people, faster, with better service. Queries from customers are up 12% with the average timeframe to … Read more »

Summer KiwiSaver scheme gets second hallmark of clarity

Press Release – Forsyth Barr

Forsyth Barrs Product Disclosure Statement for its Summer KiwiSaver scheme has again been awarded the WriteMark the hallmark of document clarity and quality. Read more »

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