The Brisbane-headquarted company is aiming for ‘aggressive extensional and exploration drilling’ in the rich Otago goldfields.
A New Zealand research paper on a relatively new asset class has received interest from around the world but virtually none from local media (except NBR of course).New research by Russell Investments has identified life settlements investments as a valuab
Peter Huljich has resigned as managing director and chief investment officer of Huljich Wealth Management following controversy about some Huljich KiwiSaver transactions.Don Brash, the chairman of Huljich Wealth Management, has taken over both roles.&ldqu
New Zealand investors seem to be taking to a new trading platform but are also showing that old investing habits are hard to break.Late last year one of the world's largest providers of Contracts for Difference (CFDs) and online foreign exchange trading,
From today credit ratings are now mandatory for non-bank deposit takers (NBDTs) under new Reserve Bank rules.Mandatory credit ratings are a key component of the new prudential regulatory regime for deposit taking finance companies, building societies and
Cabinet has this week made some important decisions about the implementation of the Financial Advisers Act and the Financial Service Providers Act, which were both passed into law in 2008.These decisions will allow for regulations to be developed that set
Non-bank deposit takers (NBDTs) should display information about their credit rating in all advertisements, the Securities Commission has recommended.The commission today issued interim guidance for NBDTs on disclosure of credit ratings under mandatory cr
The New Zealand Superannuation Fund has had its worst month of the 2009/2010 year, falling in value by more than $300 million after months of solid gains. The fund produced a return after fees and before tax of -1.97% in January, only the second negative
What's happening to the rules for financial advisers?The Financial Advisers Act, which was passed in 2008 by Labour alongside the Financial Services Providers (Registration and Disputes Resolution) Act, is going to be fully implemented by December, accord
KiwiSaver has brought a deluge of funds flowing into AMP but it will be a long time before it actually makes any money from the new cash sloshing around.AMP Financial Services New Zealand announced today that its operating earnings ($68 million) and its u
