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| Financial News for New Zealand |
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Category : Australia
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News Round Up
NZ introduces deposit guarantee scheme; ASB launch global sustainability fund.
Weekly Wrap: Keeping up with the changes
Looking back over the past week one of the themes, other than the ongoing economic meltdown, has been the confirmation of change on the industry. For sometime now we have been reporting that PIS was about to buy the Newpark risk adviser group (A real good clue was seeing the boss of Newpark at the PIS conference a month ago).
Ex MM owner wins payout
A former Money Managers (MM) franchisee holder has won a
settlement from the company after a two-year battle in the
Hamilton High Court.
Newpark advisers to share in PIS takeover
The worst-kept secret in New Zealand’s financial advisory industry became official yesterday when Australian group Professional Investment Services (PIS) revealed plans to buy Newpark Financial Services.
Deficit funding tough in ‘stale’ bond market
After years of an almost “non-functioning” government bond market, the New Zealand Treasury may struggle to raise the debt necessary to fund projected deficits over the next five years, according to Grant Hassell, AMP Capital head of fixed interest.
Asteron, Tyndall NZ targets as Suncorp fields offers
Most of Suncorp-Metway’s New Zealand assets were likely to be on the market after the ASX-listed financial services firm confirmed yesterday it had received “several approaches” for its banking and wealth management businesses.
News Round Up
Gareth Morgan cleans up KiwiSaver mistakes; Bollard pumped by non-bank regulation; SCF subsidiaries renamed; And then there was one; Milford PIE funds have strong first year; S&P confirms rating for Toyota Finance’s CP program
Weekly Wrap: Settle down for the drama
With the fate of capitalism allegedly hanging on the whims of few Good Ole Boys in the US Congress this week, the markets (and the ensuing media coverage) were a little volatile.
World opens up for Tyndall
Tyndall Investment Management will launch a new global equities multi-manager product later this month, to be offered both in Australia and New Zealand.
Calls for health insurance revamp irks provider
Ian McPherson, head of Southern Cross, has slammed the suggestion by his rival at Sovereign that the health insurance sector needs to “start again”.
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