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3 days ago | 
businessdesk.co.nz | David Chaplin
Repeat contenders Generate, Milford, and Simplicity won over the people once more in the annual popularity contest hosted by Consumer magazine.According to the latest Consumer poll, 80% of Generate members reported ‘high satisfaction’ with the KiwiSaver provider, followed by Milford (75%) and Simplicity (69%).The trio have made regular appearances in the People’s Choice KiwiSaver vote.'Lag'In a release, Consumer says: “Customer satisfaction leaders this year were small outfits again, more...
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3 days ago | 
investmentnews.co.nz | David Chaplin
The newly formed Raise Investments has taken over and rebranded the first regulated bitcoin fund to be offered in Australasia. Raise, an entity owned by the family interests of Implemented Investment Solutions (IIS) and InvestNow founder, Anthony Edmonds, bought the Vault International Bitcoin Fund in a deal finalised last week.
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4 days ago | 
investmentnews.co.nz | David Chaplin
The NZX has signaled a two-year spending program lies ahead as the group integrates its in-house investment administration platform with the Smart funds operation. NZX chief, Mark Peterson, told shareholders at the group’s annual meeting earlier this month that while the stock exchange didn’t “expect any major cost surprises” in 2025, the internal funds and admin rewiring would absorb capital.
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4 days ago | 
investmentnews.co.nz | David Chaplin
The launch of a new fund taking on the $250 billion NZ bank deposit market moved closer last week after Wedge lodged formal disclosure documents. As reported in April, the manager founded by former Fisher Funds fixed income head, David McLeish, plans to attract lazy bank account and term deposit money into a novel investment vehicle investing in cash and fixed income securities.
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4 days ago | 
investmentnews.co.nz | David Chaplin
The NZ Superannuation Fund (NZS) is set to exit the hotel business as a joint venture local real estate portfolio valued at more than $600 million goes up for sale. NZS partnered with the Russell Property Group and Lockwood Property Group in 2019 to form NZ Hotel Holdings, which owns seven marquee sites around the country including the Hotel Britomart, Rydges Wellington and Rotorua, and the Sofitel Queenstown.
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4 days ago | 
investmentnews.co.nz | David Chaplin
Craigs Investment Partners booked an almost 18 per cent jump in operating revenue and profit last year even as costs rose by a similar proportion. According to the just-released Craigs 2024 accounts, the NZ wealth management network rang up almost $267 million in operating income for the 12-month period against more than $227 million over the previous year.
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4 days ago | 
investmentnews.co.nz | David Chaplin
Artificial investment (AI) KiwiSaver compliance start-up, Sevaka, has landed its first “enterprise client”, according to founder, Clive Fernandes. Fernandes said the technology firm had started worked on building an AI-based KiwiSaver client-servicing tool for an unnamed provider with a pilot version expected to be ready for take-off in two months. “We’re solving for a specific need but we think the technology will be useful for all providers and financial advisers, too,” he said.
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4 days ago | 
investmentnews.co.nz | David Chaplin
Institutional investor appetite for private markets continues to rise with debt and infrastructure proving the most popular menu items in 2025, according to a new global Mercer survey. The second annual Mercer ‘Large asset owner barometer’ found “a significant divergence between public and private markets, with large asset owners planning to increase allocations to several alternative asset classes while decreasing allocations to some more traditional asset classes”.
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1 week ago | 
investmentnews.co.nz | David Chaplin
Veteran Mercer NZ chief, Martin Lewington, is to leave the multi-manager and consulting business next month after almost 20 years with the firm including 16 in the top job. In a LinkedIn post Lewington said he would “hang up my boots” on June 27. Mercer reported about $11.4 billion of retail assets under management at the end of last year, according to Plan for Life figures, in a product suite that includes a $2.7 billion plus KiwiSaver scheme and diverse set of other funds.
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1 week ago | 
investmentnews.co.nz | David Chaplin
A new Investment News NZ study has analysed official data for the first time, providing new details on the layout of the Financial Advice Provider (FAP) world. The free report published today, uses Ministry of Business, Innovation and Employment (MBIE) figures to identify the largest FAPs across several categories. As at January 2025, the official figures cover almost 1,540 full FAPs (and about 1,110 ‘authorised bodies’), housing more than 9,100 financial advisers.
