Jenny Ruth

Writer at Good Returns NZ

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Articles

ANZ refreshes its investment beliefs

2 days ago | goodreturns.co.nz | Jenny Ruth

ANZ Investments, the biggest KiwiSaver provider, has had a rethink of its investment beliefs and made changes to how it manages funds. Thursday, April 24th 2025, 6:00AMby Jenny RuthANZ Investments will be using a mix of active, quantitative and passive approaches to investment in the hopes of achieving better long-term performance.
Milford's KiwiSaver shines while ANZ enjoys a rare March qtr

3 days ago | goodreturns.co.nz | Jenny Ruth

Milford Asset Management’s KiwiSaver funds enjoyed a better performance than all other KiwiSaver funds in the March quarter but returns were generally poor, the latest Melville Jessup Weaver survey shows. Wednesday, April 23rd 2025, 8:39AMby Jenny RuthMilford Asset Management’s KiwiSaver funds enjoyed a better performance than all other KiwiSaver funds in the March quarter but returns were generally poor, the latest Melville Jessup Weaver survey shows.
Elevation Capital joins forces with Blackbull analyst Eden Bradfield

1 week ago | goodreturns.co.nz | Jenny Ruth

Elevation Capital founder Chris Swazbrook is expecting that the huge following Blackbull Markets analyst Eden Bradfield has built up will be instrumental in helping to grow the size of his firm’s funds under management, currently $175 million.
Banks slash floating lending and deposit rates after 25bp OCR cut

2 weeks ago | goodreturns.co.nz | Jenny Ruth

Banks began announcing cuts to their mortgage rates immediately after the Reserve Bank cut its official cash rate (OCR) to 3.5% from 3.75%, as most economists and market pricing had predicted. Wednesday, April 9th 2025, 3:11PMby Jenny RuthKiwibank, for example, cut its variable mortgage rates, business lending rates and its deposit rates by the same 25 basis points, BNZ cut its floating mortgage rates while ASB Bank also cut its floating mortgage, business and deposit rates by the same amount.
FMA will look at how long banks take to pass on OCR changes

2 weeks ago | goodreturns.co.nz | Jenny Ruth

With the Conduct of Financial Institutions (CoFI) legislation having kicked in from March 31, one of the things that the Financial Markets Authority (FMA) will be focusing on will be how quickly banks pass on changes in the official cash rate (OCR) to borrowers.
IRD determines funds management is exempt GST

3 weeks ago | goodreturns.co.nz | Jenny Ruth

The Inland Revenue Department (IRD) has finally delivered a definitive statement of how it views goods and services tax (GST) in relation to funds management. Friday, April 4th 2025, 8:02AMby Jenny RuthThe Inland Revenue Department (IRD) has finally delivered a definitive statement of how it views goods and services tax (GST) in relation to funds management.
RBNZ does a u-turn on bank capital requirements

3 weeks ago | goodreturns.co.nz | Jenny Ruth

The Reserve Bank has bowed to pressure from the Commerce Commission, the banks and submitters to parliament’s banking inquiry and will conduct a review of its bank capital requirements. Tuesday, April 1st 2025, 6:26AMby Jenny RuthThe Reserve Bank has bowed to pressure from the Commerce Commission, the banks and submitters to parliament’s banking inquiry and will conduct a review of its bank capital requirements.
Why was Westpac slow in passing on OCR cut?

4 weeks ago | goodreturns.co.nz | Jenny Ruth

Westpac gave an apparently contradictory answer as to why it was so slow to pass on the Reserve Bank’s interest rate cut last month to parliament’s finance and expenditure committee’s banking inquiry. Friday, March 28th 2025, 9:54AMby Jenny RuthWestpac gave an apparently contradictory answer as to why it was so slow to pass on the Reserve Bank’s interest rate cut last month to parliament’s finance and expenditure committee’s banking inquiry.
Non-Pharmac-funded drug insurance comes with limits

1 month ago | goodreturns.co.nz | Jenny Ruth

Insurance advisers need to understand that most insurers will only cover non-Pharmac-funded cancer drugs if they have been approved by Medsafe and also indicated as treatment for the specific type of cancer their client develops.
Kiwibank says cost of adviser business is marginal External Inbox

1 month ago | goodreturns.co.nz | Jenny Ruth

The cost to a bank of using mortgage advisers to originate mortgages is marginal compared to the cost of running its own proprietary origination operation, according to Kiwibank chief executive Steve Jurkovich. Friday, March 14th 2025, 8:04AMby Jenny Ruth“We have banking specialists, both at the front line in branches and in the broader contact centres and embedded in our business,” Jurkovich told TMM Online.