DAVID CHAPLIN: Robo-advice: the future or forgettable?

DAVID CHAPLIN: Robo-advice: the future or forgettable?
David Chaplin
Remember the robots? "They’re programmed to help us."But, to date, the small community of New Zealand robo-advisers have been doing the digital equivalent of thumb-twiddling despite the concept achieving semi-legal status in 2018.For reasons that never seemed totally convincing at the time, the regulator rushed in an exemption from the current law late in 2017, allowing robots to deliver ‘personal financial advice’ from the following year.Under the (still) imminent Financial Services Legislation Amendment Act re...

More Markets

NZX down as property company gets key renewal
Markets Market Close

NZX down as property company gets key renewal

ASB Bank has extended the lease for its downtown Auckland site for another nine years.

Anna Scott joining Mercer
Markets

Anna Scott joining Mercer

Former Smart boss will replace current Mercer chief executive Martin Lewington.

Solar still on the rise, Ecotricity says
Markets

Solar still on the rise, Ecotricity says

Commercial solar generation is up almost 300%.

Expectations of rate cuts boost NZ sharemarket in light trade
Markets Market close

Expectations of rate cuts boost NZ sharemarket in light trade

There were 89 rises and 48 falls on the main board.

Jamie Gray 02 Jul 2025