Business Scoop


Salt Funds to launch NZ’s first NZX-listed carbon fund

Press Release – Salt Funds

15 October 2018 Salt Funds Management, a boutique investment management firm, is preparing to launch New Zealands first NZX-listed investment fund designed to trade in New Zealand and international carbon credits. Read more »

Rebuilding Trust in Financial Services

Press Release – CFA

New Zealands financial services sector must prove it deserves the publics trust or face the consequences of a situation like the one unfolding in Australia, says the countrys leading financial ethics and integrity association. Read more »

HiFX morning Update, October 15, 2018

Press Release – HiFX

The NZDUSD opens at 0.6509 (mid-rate) this morning. Compared with the volatility seen earlier in the week, currency markets were relatively subdued on Friday with most currency pairs trading tight ranges. The University of Michigans preliminary … Read more »

Retirement Commissioner urges calm over KiwiSaver funds

Press Release – Retirement Commissioner

The sharemarket drop over the past two days should not be a reason for people to mess with their KiwiSaver funds, says Retirement Commissioner Diane Maxwell. Read more »

Auditor Fined Following Serious Failure to Report

Press Release – Real Estate Authority

For the first time an auditor has been fined following what the Real Estate Authority describes as a serious and prolonged failure to report an issue with a trust account that involved a very large amount of money. Read more »

Booster tops the table for KiwiSaver customer engagement

Press Release – Booster

Wellington, 12 October 2018 Booster Financial Services, one of the nine government-appointed default KiwiSaver providers, continues to lead the way in customer engagement, being ranked number one in FMA’s 2018 KiwiSaver report for the third year in a row. Read more »

FMA update on Forestlands

Press Release – Financial Markets Authority

The FMA has decided not to seek costs arising from its application to put the Forestlands companies 2-12 and 14-20 into liquidation. Read more »

The NZDUSD opens higher at 0.6523 this morning

Press Release – HiFX

A sharp uptick in global risk aversion yesterday morning resulting in the NZDUSD being sold to a 0.6444 low. US equity markets plunged and this negative sentiment spread around the global equity markets, with the NZX being no exception. The NZDUSD … Read more »

Half a million people in debt with Ministry

Press Release – Auckland Action Against Poverty

Reports obtained through the Official Information Act revealed that as of March 2018, half a million people are in debt with the Ministry of Social Development, with the total debt being $1.5 billion. Most of the debt comes from overpayments and recoverable … Read more »

Consultation opens on draft code of conduct

Press Release – Financial Advice Code Working Group

Consultation is now open on a draft code of professional conduct for people who provide financial advice to consumers. Read more »

HiFX morning Update, October 11, 2018

Press Release – HiFX

The NZD opens flat against the USD at 0.6466 A reasonably quiet day for the NZD, moving in about a 1% range before ending flat. It is actually holding up relatively well given the risk off tone, and the fact that global stocks are off about 2% across … Read more »

New penalties for door-to-door traders welcomed

Press Release – Consumer NZ

Consumer NZ welcomes the governments announcement door-to-door sellers that ignore Do Not Knock stickers will face prosecution under the Fair Trading Act. Read more »

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