Investment News NZ

KiwiSaver providers and fund managers will have to review fee settings at least once a year under new provisions confirmed by the Financial Markets Authority (FMA) this morning but the regulator has eased its previous hard line on embedded advice fees. The FMA ‘Managed fund fees and value for money’ final guidance released today puts heat on … [Read More...] about FMA draws hard line under fund fees, softens on KiwiSaver advice costs

AMP wealth NZ has shifted former head of intermediaries, Aaron Klee, to a new investment role as the business braces for its BlackRock transition. In his new position as AMP head of investment management, Klee will work alongside incoming senior portfolio manager, Daniel Mead, who defected from sister firm AMP Capital NZ last week. Both Mead … [Read More...] about Passive move activates AMP NZ investment role; double exit at AMP Capital…

The chief executive elect of AMP Ltd, once a financial services giant in size and stature – boasting for a time the advertising slogan: ‘We will always be there’ – faces the biggest task of her career. Her track record could not be better. The advertising slogan sounded good, if overly ambitious, for its post-IPO times. The sector’s predilection … [Read More...] about … as Ms Fixit comes to the rescue at AMP HQ

Investors in the Lifetime Income Fund will have until April 27 to either cash-out or move to a successor product launched by the group late in March. As reported previously, the Ralph Stewart-founded Lifetime was forced to close its guaranteed income fund to new investments in January after failing to raise further regulatory capital as demanded … [Read More...] about Lifetime deadline set for late April

Auckland-based consultancy firm, MyFiduciary, has scored its first offshore client in a deal to supply a total model portfolio service to the Australian arm of specialist trans-Tasman advice firm, MedCapital. Aaron Drew, MyFiduciary principal, said the arrangement includes providing “asset allocation, fund selection and ongoing monitoring” to … [Read More...] about MyFiduciary books first Australian consulting client

NZX Wealth Technologies has won two new clients set to be “onboarded” this year, according to head of the local bourse, Mark Peterson. Peterson told the group’s AGM crowd in Tauranga last week that the NZX-owned investment platform had landed the two new clients via recent competitive tenders. The latest Wealth Technologies wins follow the … [Read More...] about Wealth Technologies welcomes aboard two new platform clients

Boutique NZ consulting firm Makao Investments has put a new twist on environmental, social and governance (ESG) research by highlighting fund manager corporate behaviour as part of the equation. In a just-published note, Makao consultant, John Horrell, says investors should quiz fund managers about their in-house ESG habits in addition to how … [Read More...] about Look inside: why ESG is for managers not just investments

Last year proved once again that market timing can be very profitable but an extremely difficult trick to pull off, according to a new Melville Jessup Weaver (MJW) analysis. The MJW paper, authored by newly minted actuary William Nelson, found NZ share investors could have engineered annual returns almost 35 per cent above the 2020 index … [Read More...] about Same time last year: why 2020 was tough for TAA despite record volatility