FMA allows KiwiSaver managers to use one of two methods to show fees charged
By Sophie Boot July 19 (BusinessDesk) - The Financial Markets Authority has confirmed it will allow KiwiSaver fund managers to use two different methods to show how much they are charging people to manage their funds, with both able to provide investors with the information th...
MARKET CLOSE: NZX50 at record, stocks like Trustpower, Mercury bolstered by softer CPI
By Sophie Boot July 18 (BusinessDesk) - New Zealand shares hit a record as weaker CPI numbers bolstered shares, with dividend stocks like Mercury New Zealand and Trustpower benefiting. The S&P/NZX50 Index gained 7.76 points, or 1 percent, to 7,707.33. Within the index, 28 s...
Lorraine Skiffington's assets frozen as Tenths Trust pursues reparations
By Sophie Boot July 18 (BusinessDesk) - The Wellington Tenths Trust has been successful in getting some of the assets belonging to Lorraine Skiffington, the partner of convicted fraudster and former chairman Ngatata Love, frozen pending a further judgment. Last October, for...
MARKET CLOSE: NZ shares up, retirement stocks Summerset, Metlifecare continue to gain
By Sophie Boot July 17 (BusinessDesk) - New Zealand shares rose broadly, with the market led by continued gains from Summerset Holdings and Metlifecare, while smaller stock Pushpay Holdings kept rising too. The S&P/NZX50 Index rose 49.8 points, or 0.65 percent, to 7,699.57....
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