Investment News NZ

A $9.5bn feast: what PIEs have brought to the (tax) table

David Chaplin — Sun, 26 Apr 2026 10:02:53 +0000

The portfolio investment entity (PIE) regime has delivered about $9.5 billion net to government coffers since the revised investment fund tax system update went live in the 2007/8 financial year. According to figures supplied by the Inland Revenue Department (IRD) under an Official Information Act request, gross assessed PIE tax from the 2007/8 financial year... [Read More...]

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Adminis confirms fix for historic fund cost mis-files

David Chaplin — Sun, 26 Apr 2026 10:02:35 +0000

Investors in multiple funds will receive an end-of-year top-up following the remediation of a portfolio investment entity (PIE) reporting error transmitted via an Adminis system. But while investors hit by the administration blip are set to be made good for the 2025/26 tax year, the issue is yet to be fully resolved for prior periods.... [Read More...]

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March miss takes edge off KiwiSaver returns, MJW finds

David Chaplin — Sun, 26 Apr 2026 10:02:17 +0000

All diversified KiwiSaver funds slumped into the red during the March quarter while remaining comfortably positive for the 12-month period, new figures from Melville Jessup Weaver (MJW) reveal. The latest MJW quarterly investment survey shows median KiwiSaver diversified fund returns over the three months to March 31 ranged from -1.2 per cent for the conservative... [Read More...]

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Chance Voight probe dredges up more wholesale investor exclusion delusions

David Chaplin — Sun, 26 Apr 2026 10:01:52 +0000

Wholesale investor rules are once again facing scrutiny following revelations in the first official dig into the questionable accounts of various entities housed in the under-investigation alleged investment firm, Chance Voight. According to the first interim Chance Voight liquidators report filed in the High Court in January by PwC, the Christchurch-based company headed by Bernard... [Read More...]

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Peterson lauds platform, funds in last hurrah

David Chaplin — Sun, 26 Apr 2026 10:01:31 +0000

More than $2.4 billion is poised to migrate to the Wealth Technologies platform from new financial adviser clients this year, outgoing NZ chief, Mark Peterson, told investors last week. In his final address as head of the exchange, Peterson said the NZX-owned investment platform “has a very healthy pipeline of engaged adviser businesses who are... [Read More...]

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Calastone touts token tipping-point with cash fund digital duplicates

David Chaplin — Sun, 26 Apr 2026 10:00:55 +0000

Calastone has lauded a digital distribution milestone after a major UK-based fund manager tapped the now SS&C-owned financial technology firm to host an established range of cash products in a tokenised format. Under the arrangement, the Legal & General (L&G) money market (aka ‘liquidity’) funds have been digitally duplicated with Calastone responsible for “token creation,... [Read More...]

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Transfer terror: why advisers fear the US$84tn intergenerational wealth migration

David Chaplin — Sun, 26 Apr 2026 10:00:31 +0000

More than US$84 trillion is expected to change hands over the next two decades in the greatest intergenerational wealth baton-transfer of all time. Financial advisers should be excited. Instead, almost half of financial advisers across the world are terrified, according to a new global survey of investors by French fund giant, Natixis Investment Managers. The... [Read More...]

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APAC insurers look for more investment third-parties, private assets

David Chaplin — Sun, 26 Apr 2026 09:59:48 +0000

About 70 per cent of insurance companies in the Asia-Pacific (APAC) region plan to outsource more investment duties to third-party fund managers, according to a new survey of the sector. The Clearwater Analytics poll of about 150 senior executives in the asset management divisions of insurance firms across Hong Kong, Singapore and Australia found a... [Read More...]

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Craigs flags financial planning foray with Consilium-linked advice firm purchase

David Chaplin — Sun, 19 Apr 2026 10:22:07 +0000

Craigs Investment Partners signalled further financial planning-style acquisitions are on the radar after snapping up Consilium-aligned Dunedin financial advisory firm, Polson Higgs Wealth Management, last week in a strategic shift. Simon Tong, Craigs chief, said in a release that expanding “into adjacent financial planning services to grow our wealth management offering is an important part... [Read More...]

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Court shreds NZ Super ESG policies, responsible response pending

David Chaplin — Sun, 19 Apr 2026 10:21:42 +0000

The NZ Superannuation Fund (NZS) faces a tedious round of policy-writing and procedural rethinks failing a successful bid to overturn a judicial review that found its current responsible investment documentation was not up to scratch. In a decision handed down last week in the Auckland High Court, Justice Mount ruled that the NZS ‘sustainable investment... [Read More...]

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Strategi goes all-in on AI with new tech alliance

David Chaplin — Sun, 19 Apr 2026 10:21:23 +0000

Strategi has partnered with a Christchurch-based firm to incorporate “compliance solutions” into an artificial intelligence (AI) financial advice engine. David Greenslade, Strategi founder, said the company is “embedding” its compliance oversight tools inside AI financial advice systems built by the recently formed Adiso. Adiso offers an “end-to-end” financial advice platform set to be a “game-changer”... [Read More...]

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FMA ‘comfortable’ as NZ managers pile into private markets

David Chaplin — Sun, 19 Apr 2026 10:21:03 +0000

Local fund managers are well-placed to take on more private assets, according to a new Financial Markets Authority (FMA) report, bar a few lingering concerns on valuation, governance and client communication. John Horner, FMA director markets, investors and reporting, said the study had “identified areas” where NZ fund managers “could better manage the risks” of... [Read More...]

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