Investment

From today credit ratings are now mandatory for non-bank deposit takers (NBDTs) under new Reserve Bank rules.Mandatory credit ratings are a key component of the new prudential regulatory regime for deposit taking finance companies, building societies and

NBR staff
Mon, 01 Mar 2010

Investment

Govt to make key changes to financial adviser regime

Cabinet has this week made some important decisions about the implementation of the Financial Advisers Act and the Financial Service Providers Act, which were both passed into law in 2008.These decisions will allow for regulations to be developed that set

Niko Kloeten
Fri, 26 Feb 2010

Investment

Deposit-takers told to show credit ratings on all ads

Non-bank deposit takers (NBDTs) should display information about their credit rating in all advertisements, the Securities Commission has recommended.The commission today issued interim guidance for NBDTs on disclosure of credit ratings under mandatory cr

Niko Kloeten
Fri, 26 Feb 2010

Investment

Cullen Fund struggles in January, drops 2%

The New Zealand Superannuation Fund has had its worst month of the 2009/2010 year, falling in value by more than $300 million after months of solid gains.
The fund produced a return after fees and before tax of -1.97% in January, only the second negative

Niko Kloeten
Tue, 23 Feb 2010

Investment

Q&A- the ins and outs of financial adviser regulation

What's happening to the rules for financial advisers?The Financial Advisers Act, which was passed in 2008 by Labour alongside the Financial Services Providers (Registration and Disputes Resolution) Act, is going to be fully implemented by December, accord

Niko Kloeten
Mon, 22 Feb 2010

Investment

KiwiSaver profitability years away for AMP

KiwiSaver has brought a deluge of funds flowing into AMP but it will be a long time before it actually makes any money from the new cash sloshing around.AMP Financial Services New Zealand announced today that its operating earnings ($68 million) and its u

Niko Kloeten
Thu, 18 Feb 2010

Investment

AMP profit edges up on cost-cutting drive

AMP Financial Services New Zealand has reported a 2% increase in operating earnings to $68 million and a 2% rise in underlying profit to $77 million in the year ended December 2009.
The company credited the improvement to a reduction in costs as well as

Niko Kloeten
Thu, 18 Feb 2010

Investment

Prices for plant and machinery continue to decline

New Zealand's high exchange rate has pushed prices for capital goods down further.Today's release of Statistics New Zealand's Capital Goods Index shows a fall of 1.1% in plant and machinery costs in the December quarter – a change mostly driven by f

Rob Hosking
Tue, 16 Feb 2010

Investment

KiwiSaver growth funds improve but risks remain

KiwiSaver growth funds have had another strong quarter but they still lag behind default funds in performance over the last two years, according to Mercer's latest KiwiSaver survey.Growth funds led all categories in the quarter to December 31 with a media

Niko Kloeten
Wed, 10 Feb 2010

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Analysis

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Investment

Grenon ‘may not have been in compliance’ on NZME share buys

NZME delays AGM, criticises Grenon's proposal

The would-be NZME emperor has no clothes

‘Classic PR tactic’: E tū responds to Grenon’s open letter

Grenon hits back at union’s criticism of his NZME plans

NZME reveals it’s been in acquisition talks with Stuff

New credit rating regime for deposit-takers begins

Govt to make key changes to financial adviser regime

Deposit-takers told to show credit ratings on all ads

Cullen Fund struggles in January, drops 2%

Q&A- the ins and outs of financial adviser regulation

KiwiSaver profitability years away for AMP

AMP profit edges up on cost-cutting drive

Prices for plant and machinery continue to decline

KiwiSaver growth funds improve but risks remain

NZME txts, Serato sells, Craigs sparkles, parking tickets

Navigating the domestic air travel doldrums

Sanford, THL digest tariff implications as global markets sink

Takapuna Golf Club moots watertight design vs council closure

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‘That fear of prosecution was permeating everywhere’: van Velden

US President Donald Trump imposes global 10% tariff

Navigating the domestic air travel doldrums

DJ software company Serato sells 66% stake to Canadian company

Eden Park’s $550 million plan unveiled

New Zealand will not retaliate in response to Trump tariffs

Law reform aims to boost Māori jobs, incomes