Wednesday, 14 July 2021, 2:38 pm
Innovative online savings platform InvestNow has knocked
back claims that the current ‘single scheme’ KiwiSaver
rule limits member choice.
Mike Heath, InvestNow
General Manager, said recent media comments alleging the
current law restricting KiwiSaver members to one scheme is
‘incredibly bad practice’ misses an important
development in the sector.
“At InvestNow we’ve
solved what some media commentators are calling a flaw in
the design of KiwiSaver that restricts diversification by
preventing members from joining more than one scheme,”
Heath said. “By applying our existing platform technology,
Kiwis don’t have to have all their KiwiSaver eggs in one
Chris Di Leva: Are we entering a period of inflation?
Photo / Getty Images. Sun, 27 Jun 2021, 8:51PM
This week on Smart Money, we were joined by Multi-Asset Specialist from Harbour Asset Management, Chris Di Leva.
LISTEN ABOVE
6 minutes ago
23 minutes ago
Higher US inflation: What it means for New Zealand markets, interest rates nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Market close: NZ sharemarket falls as investors grow pensive over inflation
12 May, 2021 05:38 AM
3 minutes to read
Shares in Napier Port ended weaker. Photo / Hawke s Bay Today
New Zealand share prices ended weaker on light volume as investors grew pensive about the prospects of inflation and rising bond yields here and around the world. The S&P/NZX50 index finished at 12,564.21, down 75.85 points, or 0.6 per cent, on volume of 55.64 million shares, worth $201.98 million.
There were 96 falls and 51 rises.
Most of the big name stocks were weaker as concerns about US inflation took hold after US year treasury yields gained for the third day in a row. Local 10-year bond yields were at 1.81 per cent, the upper end of their recent 1.6 to 1.9 per cent band.