UPDATED Pyne Gould’s Perpetual among three firms awaiting trustee licence by month-end

Wed, 19 Sep 2012

(Updates to reflect Perpetual view that it is waiting for FMA licence decision) By Hannah Lynch Sept. 19 (BusinessDesk) - Pyne Gould's Perpetual Trust unit says it is one of three applicants for a trustee licence that the Financial Markets Authority will decide upon by the end of this month. The watchdog today granted nine licenses for up to 5 ½ years though Perpetual wasn’t among them. The FMA said decisions on three further applicants will be made by Sept. 30. All trustees and statutory supervisors are now required to be licensed under the...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets FREE
Eroad shares on the road to recovery
Ella Somers | Thu, 07 Jul 2022

Jarden wealth management director Greg Main said Eroad was continuing its “recent recovery” and rising strongly after being heavily sold down.

Global Events
Jacinda Ardern soft-pedals on China’s Pacific ambitions
Pattrick Smellie | Thu, 07 Jul 2022

The prime minister has offered a conciliatory view of China's potential to do good in the Pacific region, as tensions between Beijing and Wellington grow over Chinese strategic ambitions in the region.

Primary Sector
Foot-and-mouth disease risk low from Indonesian PKE says Biosecurity NZ
Rebecca Howard | Thu, 07 Jul 2022

Biosecurity NZ sent a team to Indonesia for an extra level of assurance. 

How can Kiwi small business owners manage rising inflation?

Xero MD Craig Hudson says small businesses have been hit with a triple whammy.

Digital innovation could shape the future of NZ

The digital age allows us to collaborate on some of our greatest scientific and environmental challenges