Investment News NZ

InvestNow wins discovery duel with FMA

David Chaplin — Sun, 17 May 2026 09:51:34 +0000

The Financial Markets Authority (FMA) has lost a bid to limit discovery in its legal pursuit of InvestNow over alleged anti-money laundering (AML) breaches. In a decision handed down by Judge Skelton in the Wellington High Court last month, the FMA must provide InvestNow with documents covering a wider date range and those relating to... [Read More...]

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FNZ: on the case, in the red, down the Hatch

David Chaplin — Sun, 17 May 2026 09:51:15 +0000

Adrian Durham, FNZ founder, emerged in opposition to fellow directors last week as respective lawyers argued the toss about where to host a legal confrontation between institutional- and staff-shareholders. As reported earlier this month, the FNZ institutional owners and directors disputing the employee-shareholder claims maintain that the case should head for arbitration in London as... [Read More...]

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Super admin end-game tipped for Mercer NZ

David Chaplin — Sun, 17 May 2026 09:50:54 +0000

Mercer is looking to exit its NZ superannuation fund administration business, according to industry sources, with Apex in the frame to pick up the slack. While neither Mercer nor Apex were able to comment on the process, it is understood relevant super funds have been informed the admin service was under review. Apex acquired the... [Read More...]

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NZ retail funds surge in 2025, KiwiSaver cedes market share

David Chaplin — Sun, 17 May 2026 09:50:22 +0000

The NZ retail funds market saw record gross inflows last year of almost $60 billion with non-bank brands leading the charge, according to new figures from research house, Plan for Life (PFL). “Year on year Gross Inflows in 2025 were 19.8% higher to total NZ$59.5bn after increasing by 5.3% in the December quarter. Market leader... [Read More...]

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Winter of content: legislation, litigation, regulation in the 2026 pipeline

David Chaplin — Sun, 17 May 2026 09:49:54 +0000

The NZ investment sector is hunkering down for an onslaught of rapid-fire legislative and regulatory changes, an audience at a DLA Piper industry event heard last week. Last week alone, for example, saw two anti-money laundering (AML) laws passed and the release of updated regulatory guidance on sustainable investment disclosures. Among other changes, the legislation... [Read More...]

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Valuable advice: the six lessons from Australia every NZ advisory firm should learn

David Chaplin — Sun, 17 May 2026 09:49:23 +0000

The Australian financial advice industry has been through radical changes over the last 30 years and Jim Stackpool, founder of specialist consultancy firm, Certainty Advice Group, has seen it all. But Stackpool argues that while some things change, others remain constant in enduring lessons for financial advisory businesses on both sides of the Tasman… ... [Read More...]

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Trust and tokenisation: how regulators are thinking about on-chain finance

David Chaplin — Sun, 17 May 2026 09:48:53 +0000

Asset tokenisation is hitting the global mainstream, fast. In the first of a series of three articles, Tracey McDonald, digital assets and tokenisation specialist for Apex Group (InvestNow), details why regulators everywhere, including NZ, need to get up to speed… At first glance, tokenisation presents itself as a technology story, but in reality,... [Read More...]

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NZ Super goes back to the (responsible) drawing board

David Chaplin — Sun, 17 May 2026 09:48:16 +0000

The NZ Superannuation Fund (NZS) is to update its responsible investment policies following a landmark decision in the Auckland High Court last month. In a release, the NZS confirmed it would not appeal the judicial review finding that ruled two policy documents “were not formulated in accordance with the relevant statutory requirements”. The review, overseen by recently... [Read More...]

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By public demand: why investors want see-through private assets

David Chaplin — Sun, 17 May 2026 09:47:31 +0000

Private markets are under pressure to drop the modesty screen as institutional and retail flows continue to pour into the famously demure asset classes, a just-released MSCI report suggests. The inaugural MSCI study of the sector argues that as institutions hit critical mass in private markets and new channels into the non-public assets open up... [Read More...]

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Funds with benefits: FMA lays down related-party don’ts (and dos)…

David Chaplin — Sun, 10 May 2026 11:04:44 +0000

In a consultation paper inspired by its ongoing legal tussle with Booster, the Financial Markets Authority (FMA) has set “expectations” for fund manager compliance with related party investment obligations. The FMA launched a civil case against Booster in June 2024 over alleged governance breaches in fund allocations to an associated vehicle that invested into several... [Read More...]

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… asks for more lawyer money

David Chaplin — Sun, 10 May 2026 11:04:29 +0000

The Financial Markets Authority (FMA) has once again called for more legal funding in an ongoing beef with government over its $5 million litigation budget. In a just-published ‘briefing’ to new Commerce Minister Cameron Brewer, the FMA notes “that while the litigation portfolio is actively managed, the current level of funding is being tested by... [Read More...]

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OECD calls for KiwiSaver tax reforms, extra NZ Super Fund contributions

David Chaplin — Sun, 10 May 2026 11:03:39 +0000

In a just-published 147-page review of NZ, the Organisation for Economic Co-operation and Development (OECD) says long-term savings including KiwiSaver should shift the tax burden to the drawdown phase rather than the current front-end impost. The OECD report says a move to making KiwiSaver et al contributions and investment earnings tax-exempt – a so-called EET... [Read More...]

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