Top fund managers named

Research house Morningstar has announced the winners of its annual Fund Manager of the Year Awards.

New Zealand Funds Management's (NZFM) share hedging strategy has proven its worth over the course of the global financial crisis, according to a new paper published by the group, and should guard client portfolios at a time when markets appear over-valued.

As New Zealand is now back on a growth track, we could be doing more to reduce economic imbalances, especially external debt, Reserve Bank Governor Alan Bollard said today.

The biggest, and best, news for savers in the latest budget was the reduction in PIE tax rates in line with marginal income tax levels.

This was something of a relief for the savings industry, which was slightly nervous the government would remove the tax incentives for investing in PIEs.

The accounting profession's role in enhancing capital markets is a critical one says Securities Commission chairman Jane Diplock.

Huljich Wealth Management has re-launched two of its non-KiwiSaver funds which were closed down in January and transferred to equivalent funds.

The Government Actuary (GA) has hosed down growing legal concerns that KiwiSaver providers could not accept pension transfers from the UK.

Children under the age of 18 will have their 2010 monthly administration fees waived on their KiwiSaver investment if they are members of the Westpac KiwiSaver scheme.