Investment News NZ

UPDATED: FNZ, staff-shareholders share wins in jurisdiction ruling

David Chaplin — Tue, 20 Oct 2026 01:14:23 +0000

The FNZ dispute with staff-shareholders will head off to London after a Wellington High Court partly ruled in favour of the company. But the finding still leaves directors open to a grilling in NZ courts after Justice Heine found FNZ “directors’ duties claims are, insofar as they are pursued as a derivative claim, non-arbitrable”. In... [Read More...]

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Fisher union goes to Plan; Huxford arrives as CIO

David Chaplin — Sun, 18 Oct 2026 10:00:04 +0000

Earlier this month Fisher Funds reached a long-awaited KiwiSaver back-office nirvana after rehousing the final batch of members into unified administrative lodgings. The October move saw 135,000 plus members of the original Fisher Funds KiwiSaver scheme and about $5.3 billion teleported across to the final resting place inside the Fisher Funds KiwiSaver Plan. Phase one... [Read More...]

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Marsh NZ investment leader exits; Hyde emerges in Abu Dhabi; broker body names new head; Cross to chair Milford charity

David Chaplin — Sun, 18 Oct 2026 09:45:23 +0000

Adam McKenzie has left the business formerly known as Mercer (now Marsh) after more than 20 years with the company in Australia, the UK and, more recently, NZ. McKenzie will formally finish as head of the Marsh/Mercer NZ investment and retirement arm by October 31, ending an almost eight-year term in the role. Before taking... [Read More...]

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Bigger, cheaper, more competitive: MJW finds KiwiSaver market in fine form

David Chaplin — Sun, 18 Oct 2026 09:37:01 +0000

The fast-expanding KiwiSaver universe has become cheaper and more diverse over the five years to March 31, 2026, according to the latest Melville Jessup Weaver (MJW) sector analysis. The 2026 annual MJW ‘KiwiSaver market review’ found the average cost of the regime compared to funds under management (FUM) fell from 0.93 per cent in the... [Read More...]

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Dentons drops in to see what condition the conditions are in

David Chaplin — Sun, 18 Oct 2026 09:30:51 +0000

Legal firm Dentons called out a couple of financial advisory business-related flaws in an otherwise positive review of the proposed revamp of licensee ‘standard conditions’. As reported last week, the Financial Markets Authority (FMA) plans to consolidate the current jumble of ‘standard conditions’, which set operational limits for various licensed entities, into a single document... [Read More...]

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Incidents will happen: FMA, RBNZ push finance sector to prep for AI attack

David Chaplin — Sun, 18 Oct 2026 09:15:30 +0000

NZ financial firms will need to up their game to fend off gathering risks from the rapid march of ‘frontier’ artificial intelligence (AI), local regulators said last week. In joint ‘remarks’ delivered to industry leaders last week, the Financial Markets Authority (FMA) and the Reserve Bank of NZ (RBNZ) said firms under their respective regulatory... [Read More...]

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Move slow and make things: why NZ is taking the right route to tokenisation

David Chaplin — Sun, 18 Oct 2026 09:00:55 +0000

NZ is set to benefit from its “measured” principles-based approach to regulating tokenised assets, according to a senior Apex Group executive. In a recent article, Apex Digital Asia Pacific sales director, Vincent Turcotte, argues that fast-tracking rules aimed at technology rather than the core financial function could stymie innovation. “The important distinction is between regulating... [Read More...]

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US regulator plots Western finale, warns managers off joint activism

David Chaplin — Sun, 18 Oct 2026 08:45:33 +0000

The US Securities and Exchange Commission (SEC) has fired its last round at Western Asset Management and ex co-chief investment officer, Ken Leech, in a final settlement inked earlier this month. Under the deal, Leech agreed to cop a $3 million fine without admitting to SEC claims that he had breached the law through ‘cherry-picking’... [Read More...]

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Insto index outflows blot blowout year for US$15.5tn BlackRock

David Chaplin — Sun, 18 Oct 2026 08:30:00 +0000

Institutional investors continue to rotate out of BlackRock index strategies with net outflows of more than US$115 billion from the style in the 12 months to September 30. During the September quarter, institutions withdrew a net US$27.4 billion from BlackRock index funds in the only negative flow category for the mega-manager over any period up... [Read More...]

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ACC brings the alpha again

David Chaplin — Sun, 11 Oct 2026 10:15:44 +0000

The Accident Compensation Corporation (ACC) fund has handed in another above-benchmark annual investment performance to sustain a reference-beating record that has only been blotted twice in its 34-year history. According to the ACC annual report published last week, the almost $54 billion fund ended the 12 months to June 30 up 10.45 per cent before... [Read More...]

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Amova gets Smart; Sharesies adds Nasdaq, expands fund suite; Hive re-benchmarks; Munro doubles PIE range; ANZ gives credit mandate to Morgan Stanley

David Chaplin — Sun, 11 Oct 2026 10:00:25 +0000

Amova Asset Management has introduced a passive flavour to the panel of funds on its ‘curated’ GoalsGetter KiwiSaver scheme with two Smart products. The Smart balanced and high-growth funds supplement the current actively managed GoalsGetter options offered by Generate, Pathfinder, Milford and Salt as well as in-house Amova strategies. Earlier this year, Amova dropped two... [Read More...]

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Wealth, investment admin move closer at Apex; The Curve names compliance leader; MAS head of risk exits; Sodor NZ opens doors

David Chaplin — Sun, 11 Oct 2026 09:45:05 +0000

Apex has unified its investment and wealth administration in a single reporting line under the newly promoted James Page. Previously Apex head of custody for Australia and NZ, Page assumed the wider wealth responsibilities, too, following the departure last month of long-time platform specialist, Nikki Drew. As reported last week, Drew was hired as NZX... [Read More...]

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