The NZX 50 Index outperformed its Australian, European and UK counterparts in the past quarter, s pushed higher by confidence after August’s reporting season and a rally in listed electricity generator-retailers based on political relief, which boosted the index to record levels. The benchmark index gained 2.2 percent in the three months ended Sept. 30, in contrast to and outperforming Australia’s S&P/ASX …

The Financial Markets Authority has warned KiwiSaver providers over sharp sales practices following a doubling of the amount of money switched by customers into other schemes in the past year. The FMA’s KiwiSaver report out today for the 12 months to June 30 showed overall KiwiSaver funds have grown 29 per cent to $21.4 billion, with 235,730 new members joining over the …

Fonterra Co-operative Group’s guaranteed milk price scheme has stirred a mixed reaction from farmers. Some view it as just another risk management tool while others are against it, arguing a co-operative should have the same milk price for all. Given the volatility in milk prices, Fonterra piloted the scheme last year as a way of giving some farmers more certainty on what they’d get paid …