Investment News NZ

Disaster fund hits ~$900m as third-party mandates start to flow

David Chaplin — Sun, 08 Nov 2026 10:30:13 +0000

The recently reconstituted Natural Hazards Fund (NHF) has placed about a quarter of its now almost $900 million investment pool with underlying managers as part of a new asset allocation process. As at September 30, the NHF still held about $690 million in cash and term deposits with the remainder outsourced to third-party managers in... [Read More...]

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AA drives super to Smart; Clarity wheels out multi-manager funds

David Chaplin — Sun, 08 Nov 2026 10:15:53 +0000

Another standalone workplace savings scheme has handed in its keys with the NZ Automobile Association (NZAA) hopping aboard the NZX-owned Smart superannuation master trust. Established in 1992 for NZAA staff retirement savings, the circa $47 million scheme reported 416 members as at March 31 this year. NZAA super flagged the master trust shift earlier this... [Read More...]

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FMA books surplus, reads the room…

David Chaplin — Sun, 08 Nov 2026 10:00:24 +0000

The Financial Markets Authority (FMA) ended almost $4.4 million under budget for the 12 months to June 30 during a tumultuous reporting year for the regulator. Figures from the FMA annual report filed last week show the regulator booked a surplus of about $2.6 million against a “budgeted deficit of $1.75 million”, mostly as staff... [Read More...]

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… publishes fee disclosure findings

David Chaplin — Sun, 08 Nov 2026 09:45:02 +0000

Between about a quarter and 50 per cent of various licensed entity types probed by the Financial Markets Authority (FMA) displayed some kind of fee disclosure flaw, a new regulatory report reveals. In an early shot across the bows of fund managers, discretionary investment management scheme (DIMS) providers and financial advisory firms, the FMA uncovered... [Read More...]

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Kernel finds ops head in ASB; Apex APAC head exits; Harbour confirms Hardwick hire; Weld takes Aurellan stake; ChCh law firm hires ex FMA director; State Street fills regional role

David Chaplin — Sun, 08 Nov 2026 09:30:32 +0000

Kernel has poached Nigel Grant from ASB to take on the head of investment operations and governance role. Grant moved to Kernel last week from ASB, ending an almost nine-year career at the investment arm of the bank. Most recently he was ASB head of wealth products after joining the business in 2017 as a... [Read More...]

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Lifetime rules Britannia; Magellan bows to Barrenjoey

David Chaplin — Sun, 08 Nov 2026 09:15:47 +0000

Lifetime Asset Management completed its takeover of the Britannia UK pension transfer funds business last week bringing about $900 million into the fold. The retirement income-focused Lifetime firm founded by Ralph Stewart now boasts more than $2 billion under management, largely acquired through a number of legacy scheme buyouts over the last few years. Under... [Read More...]

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Value ascending (but price isn’t everything)

David Chaplin — Sun, 08 Nov 2026 09:00:39 +0000

Planets aligned for value investors over the last 12 months. As the latest Melville Jessup Weaver (MJW) investment survey notes, value-styled managers outperformed growth counterparts again in the September quarter to “built quite a lead over the trailing twelve months”. The value resurgence “has gone some way to bring the styles on par over the... [Read More...]

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Change agents: how tech plus design can grow advice

David Chaplin — Sun, 08 Nov 2026 08:45:19 +0000

Technology such as ‘agentic’ artificial intelligence (AI) could help fill the NZ financial advice gap by expanding the service capacity of businesses while reducing administrative drag, according to the head of an adviser support firm. But Ryan Edwards, The Adviser Platform (TAP) managing director, said advisory practices need to carefully design workflows to maximise any... [Read More...]

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Frontier maps out route through TPA confusion

David Chaplin — Sun, 08 Nov 2026 08:30:56 +0000

A significant minority of institutional investors are unsure if the much-touted total portfolio approach (TPA) is real or just a marketing veneer, according to a new report by Australian asset consultancy, Frontier Advisors. The paper, part one of a planned triplet, cites a Frontier survey of about 150 institutions from Australia, NZ and Japan that... [Read More...]

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Adminis serves up NZ first with GAM PIE

David Chaplin — Sun, 01 Nov 2026 10:30:27 +0000

Swiss-listed fund manager, GAM Investments, has cut the ribbon on the first retail catastrophe bond product tailored to NZ tax conditions in a hosting arrangement with Adminis. The GAM Swiss Re ILS Income NZ portfolio investment entity (PIE) fund officially opens for business on November 6, feeding into an Irish-domiciled UCITS strategy established in 2011... [Read More...]

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Māpua takes Helm portfolio manager; Frontier adds RI resource; FSC looks forward to 2027

David Chaplin — Sun, 01 Nov 2026 10:15:12 +0000

Helm Wealth has lost another investment specialist after Aniket Ghatak decamped to consultancy firm, Māpua Wealth, last week. Ghatak joined Māpua as investment associate, ending a brief turn as an assistant portfolio manager at Helm, which was known as Alvarium when he was appointed last November to replace Davy Ma. Ward left Alvarium in September 2025... [Read More...]

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Fisher, ANZ fade in dull quarter for KiwiSaver

David Chaplin — Sun, 01 Nov 2026 10:00:09 +0000

ANZ and Fisher Funds led a handful of KiwiSaver schemes going backwards in absolute terms during a drab September quarter, according to new Morningstar data. The latest Morningstar KiwiSaver quarterly report shows ANZ market share shrank by 0.4 per cent in the quarter as its total funds under management dropped by $127 million in the... [Read More...]

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