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KiwiSaver Risk Quiz highlights key messages for investors

By   /  September 12, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on KiwiSaver Risk Quiz highlights key messages for investors

Source: Financial Markets Authority Media releaseMR No. 2018 – 3712 September 2018 People who took the FMA’s KiwiSaver Risk Quiz understood the importance of keeping contributing through any investment downturn, but the results highlight some key areas where more work to help investors is needed.   More than 11,000 people have taken the quiz which […]

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Consultation details announced for Phase 2 of the Reserve Bank Act Review

By   /  September 11, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Consultation details announced for Phase 2 of the Reserve Bank Act Review

Source: Reserve Bank of New Zealand Release date 10 September 2018 Released by the Treasury on 10 September 2018 The joint Treasury and Reserve Bank Team undertaking Phase 2 of the Government’s Review of the Reserve Bank Act has released the outline of how Phase 2 will proceed. Consultation will run from November 2018 until […]

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Geopolitics, New Zealand and the winds of change

By   /  September 7, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Geopolitics, New Zealand and the winds of change

Source: Reserve Bank of New Zealand Release date 07 September 2018 A long-term focus is key to promoting economic growth and developing a healthy financial ecosystem, Reserve Bank Governor Adrian Orr said today. Mr Orr delivered an address to the Financial Services Council and Workplace Savings NZ’s national conference – Shaping Futures – in Auckland […]

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Preparing for investment storms

By   /  September 6, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Preparing for investment storms

Source: Financial Markets Authority Media release MR No. 2018 – 356 September 2018  KiwiSaver members can prepare for investment storms by being in the right type of fund and continuing to contribute through any downturn. As part of the Sorted Money Week 2018 ‘Weathering the storm’ the Financial Markets Authority (FMA) is focussing on helping […]

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Armistice Day coin orders open to the public

By   /  September 3, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Armistice Day coin orders open to the public

Source: Reserve Bank of New Zealand Release date 03 September 2018 From today you will be able to pre-order a limited number of the newly minted Armistice Day coin for delivery in October, right in time for Armistice Day. The new coin is a legal tender, coloured, circulating 50c piece. Reserve Bank Governor Adrian Orr […]

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Hold history in your hand

By   /  August 27, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Hold history in your hand

Source: Reserve Bank of New Zealand Release date 27 August 2018 Hold history in your hand with one of the legal tender coloured circulating fifty-cent coins, minted to commemorate the centennial of Armistice Day, 11 November, when the First World War ended. Over 100,000 New Zealanders fought in that war, and more than half were […]

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New data on the financial health of banks published

By   /  August 24, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on New data on the financial health of banks published

Source: Reserve Bank of New Zealand Release date 24 August 2018 New data on the financial health of New Zealand registered banks was published on the Bank Financial Strength Dashboard today.   This is the first quarterly update of key metrics on banks since the Dashboard was launched in May 2018.    An interactive, online […]

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KS members say dollar fee information is useful

By   /  August 16, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on KS members say dollar fee information is useful

Source: Financial Markets Authority Media release MR No. 2018 – 3316 August 2018 The vast majority (86%) of KiwiSaver members who saw their fees in dollar amounts in their annual statements this year rated the information as “quite or very useful”, an FMA survey has found. Members rated their current balance as the most useful […]

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Decision in the case stated procedure between FMA and the administrators of CBL Corporation Limited

By   /  August 14, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Decision in the case stated procedure between FMA and the administrators of CBL Corporation Limited

Source: Financial Markets Authority Media releaseMR No. 2018 – 3214 August 2018  The High Court has found that an issuer’s continuous disclosure obligations do not apply during administration. The judge stated in his decision “that the disclosure / reporting obligations of an issuer in voluntary administration are contained within Part 15A of the Companies Act […]

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Managed exit from Reserve Bank Wellington building

By   /  August 10, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Managed exit from Reserve Bank Wellington building

Source: Reserve Bank of New Zealand Release date 10 August 2018 The Reserve Bank is vacating its Wellington building for about three months so it can remediate asbestos issues. The Reserve Bank’s currency, payments and settlements, and markets operations are not affected. We are able to undertake our currency operations in the building, as usual, […]

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FMA sets out its work plan for the year ahead

By   /  August 9, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on FMA sets out its work plan for the year ahead

Source: Financial Markets Authority Media releaseMR No. 2018 – 319 August 2018  The FMA has released its annual corporate plan as the conduct and culture of New Zealand’s financial services industry comes under greater scrutiny.   The plan sets out the work the FMA intends to undertake in the year ahead. The FMA can and […]

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Reserve Bank Act Review – Phase 1 documents released

By   /  July 27, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Reserve Bank Act Review – Phase 1 documents released

Source: Reserve Bank of New Zealand The Reserve Bank’s email Service is a free service that allows you to get the latest information from the Reserve Bank. Subscribers will be emailed Monetary Policy Statement news releases, OCR announcements and other public statements as they are posted on the website. MIL OSI

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NZ Super Fund congratulates Bloom Energy on IPO

By   /  July 26, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on NZ Super Fund congratulates Bloom Energy on IPO

Source: New Zealand Superannuation Fund The NZ Super Fund has congratulated Bloom Energy on its initial public offering on the New York Stock Exchange. “The public listing is a significant milestone for Bloom Energy as it works to deliver sustainable on-site electricity to organisations around the world,” said Acting Chief Investment Officer Mark Fennell. “We […]

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Investment Environment Report – July 2018

By   /  July 24, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on Investment Environment Report – July 2018

Source: New Zealand Superannuation Fund In this ‘Investment Environment Report’ Mike Frith, Manager, Economics, explains the global investment environment and its implications for the NZ Super Fund. Watch a short video of Mike Frith discussing the investment environment. Economic and market backdrop Economic fundamentals remain sound, underpinned by strong momentum, favourable market sentiment, supportive financial […]

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Longroad Energy: Confirmation of major project milestones

By   /  July 23, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on Longroad Energy: Confirmation of major project milestones

Source: New Zealand Superannuation Fund Longroad Energy confirms that it has reached major project milestones on two significant greenfield renewable generation projects. The sale of the equity in the Phoebe solar project and confirmation of full notice to proceed on the Rio Bravo wind development highlights the opportunity in the North American renewables market and […]

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New appointments to Guardians Board

By   /  July 19, 2018  /  24-7, 24/7 News, Economy, Finance, Investments, MIL NZ OSI, New Zealand, New Zealand Government Public Service, New Zealand Superannuation Fund  /  Comments Off on New appointments to Guardians Board

Source: New Zealand Superannuation Fund Media Statement from the Hon Grant Robertson, Minister of Finance, on new appointments to the Guardians of New Zealand Superannuation Board. Catherine Drayton, Simon Botherway and Henk Berkman have been appointed to the Board of the Guardians of New Zealand Superannuation, Finance Minister Grant Robertson announced today. The Guardians Board […]

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Customers not the focus of replacement business at large insurers

By   /  July 18, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on Customers not the focus of replacement business at large insurers

Source: Financial Markets Authority Media releaseMR No. 2018 – 3018 July 2018  The Financial Markets Authority (FMA) is considering regulatory action against three large financial institutions or qualifying financial entities (QFEs) following a review of insurance replacement business practices. The inherent risks of conflicts of interest involved in selling financial products are heightened when vertically […]

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Card spending up across the board in the June month – Stats NZ Media and Information Release: Electronic card transactions: June 2018

By   /  July 16, 2018  /  24-7, 24/7 News, Business, Business Confidence, Consumer Goods Statistics, Consumer News, Economic Statistics, Economics, Finance, MIL NZ OSI, MIL OSI, MIL-Submissions, New Zealand, Statistics  /  Comments Off on Card spending up across the board in the June month – Stats NZ Media and Information Release: Electronic card transactions: June 2018

Source: MIL-OSI Submissions Card spending up across the board in the June month – 10 July 2018 Consumers spent more across all industries in June, from food and drink to petrol, Stats NZ said today. When adjusted for seasonal effects, retail card spending rose 0.8 percent in June 2018. This follows a 0.6 percent increase in […]

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CBL investigation update

By   /  July 13, 2018  /  24-7, 24/7 News, Economy, Finance, Financial Markets Authority, MIL NZ OSI, New Zealand, New Zealand Government Public Service  /  Comments Off on CBL investigation update

Source: Financial Markets Authority Media release MR No. 2018 – 2913 July 2018  The FMA investigation into the conduct of CBL Corporation Limited (“CBL”) and its directors is ongoing. Due to investor interest in these matters an update on the investigation is appropriate at this time. The FMA has completed a preliminary assessment of the […]

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Head of Communications change

By   /  July 12, 2018  /  24-7, 24/7 News, Economy, Finance, MIL NZ OSI, New Zealand, New Zealand Government, New Zealand Government Business, Reserve Bank of New Zealand  /  Comments Off on Head of Communications change

Source: Reserve Bank of New Zealand Release date 12 July 2018 The Reserve Bank is recruiting for a new Head of Communications following Mike Hannah’s decision to leave the role after 16 years of service. Mr Hannah will remain with the Reserve Bank as Board Secretary, and is pursuing other opportunities. “Mr Hannah has led […]

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