NZME down 2.7% as Trump keeps markets jittery

Investors are sitting on their hands as they continue to wade through the constant news flow from the US White House.

New Zealand's benchmark index, the S&P/NZX 50, fell 0.79% to 12,011.34 on Tuesday, with decliners outnumbering gainers 88 to 46.

Jeremy Sullivan, investment adviser at Hamilton Hindin Greene, highlighted another day of low volumes as traders struggle to separate the signal from the noise.

Dominated by concentrated trading of larger index constituents, market volumes reached 22.9 million shares, ...MORE»

Non-banks may offer lower rates under deposit insurance scheme Tuesday, April 15th, 8:22AM A soon-to-be-introduced deposit insurance scheme – one of the largest changes to New Zealand’s financial system in some time – will offer greater protection to Kiwi investors, but could see deposit interest rates fall significantly, according to a new report. MORE»

[Opinion] Life advisers need a mindset change: away from ‘we sell’ to ‘we advise’. Friday, April 11th, 9:52AM  5 comments Opinion: Selling is essential in life insurance, but as necessary as it is, it must now be accompanied by suitable advice. We live in a new advice environment – changes are likely needed from what we did before because there are several new expectations. MORE»

Data privacy and accuracy top AI fears

A snapshot of AI use by financial planners globally has found more than half are using it in their businesses despite sharing some of the common concerns with other professions about the rapid technological shift.

A snapshot of AI use by financial planners globally has found more than half are using it in their businesses despite sharing some of the common concerns with other professions about the rapid technological shift.

The initial results of a survey by the Financial Planning Standards Board of more than 6000 individual practitioners in finance across 24 territories were presented at the Financial Advice ...MORE»

Volatility and Illiquidity to become KiwiSaver norm Thursday, April 10th, 6:08AM Advisers will need to do plenty of client hand-holding as balances increasingly battle volatility and managers delve into more illiquid assets, according to research house Morningstar. MORE»

Let the dust settle on CoFI says former exec Wednesday, April 9th, 6:26AM  6 comments A week into the CoFI regime one industry commentator says consumers do stand to benefit from providers having to work hard to ensure they hold on to their licences. MORE»

News Bites

TA Associates deal to buy Craigs stake clears hurdles

Craigs Investment Partners shareholder have approved a proposal to sell a 50% share in the company to global private equity firm TA Associates. MORE»

GoodReturns TV

[GRTV] Antipodes portfolio manager discusses emerging markets fund's potential amid volatility

Antipodes Portfolio Manager John Stavliotis discusses the opportunities in emerging markets, their strong growth potential and diversification benefits.  MORE»

Economic vandalism

With Donald Trump having delivered a seismic shock to world trade, and then “back-flipped,” the benefit of a adopting a “cool head” has never been more apparent. MORE»

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nib ceo steps down

Rob Hennin has decided to step down as chief executive of nib New Zealand and nib Travel. MORE»

TMM Online

The flow through of lower mortgage rates

Although carded one- and two-year fixed mortgage rates are now about 200 basis points (bp) below last year’s high the vast majority of lower mortgage rates have yet to flow though. MORE»

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Generate promotes one of its distribution team

Generate appoints Marc Grigg as national investment distribution manager. MORE»

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Volatility and Illiquidity to become KiwiSaver norm

Advisers will need to do plenty of client hand-holding as balances increasingly battle volatility and managers delve into more illiquid assets, according to research house Morningstar. MORE»