"We can, and do, rest easy, secure in the knowledge that our financial interests are in good hands..."

G & J

Regulation

Can We Trust the Investment Statement?

05 Mar 2010

Investors should be entitled to trust the information provided in an investment statement.  After all directors have signed and certified the truthfulness of what has been presented, and there is information signed off by auditors and the accountant.  Investment statements were only introduced a few years ago.  Someone during the reign of the last Labour Government in their supposed wisdom decided that investors only needed to be presented with an investment statement, along with application forms to invest, rather than the more compelling prospectus.

Should we be eating more PIE?

The introduction of PIE’s (portfolio investment entities) a year ago, was potentially of massive benefit to the New Zealand fund management and banking industry.  By now there are around one billion dollars of funds invested in KiwiSaver and a similar amount in cash investment accounts administered by various providers.

Slow Start for KiwiSaver Returns

A number of KiwiSaver investors may have seen what appeared to be disturbing news in last weekend’s NZ Herald.  An article pointed out that one of the default providers had 24 KiwiSaver products, and that 20 of them had lost value since the KiwiSaver Funds received their first monies.  If the report writer had any real knowledge of investment markets and KiwiSaver, it should not have been a surprise at all.  Firstly, the investment time period was only three months, and secondly share markets performed poorly throughout most of the developed world in

The Rules Keep Changing

It seems amazing, that here we are now two months into a new investment taxation regime, yet the good folks at the IRD call centre still do not seem to know about it.  We gleaned this information from a New Zealand Herald article early this week.  It does not really come as a surprise; as IRD have been very slow in answering any investment taxation questions that either we or our colleagues have submitted.

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