According to copious British news media analyses published on the subject of the LF Woodford Equity Income Fund (WEIF) trading suspension debacle, the problem was not just that investor withdrawals were persistent against a background of sustained poor fund performance. Had WEIF been entirely composed of liquid assets, then every last investor should have been able to exit in an orderly manner, albeit possibly at a loss, and the fund disestablished when the final one was out the door.
Non-bank deposit takers (NBDTs) – credit unions, building societies, and finance companies - are in line for a new supervisory regime, according to the Government, which is conducting a continuing review of the Reserve Bank of New Zealand Act 1989 (RBNZA). The review is required as part of the governing coalition agreement signed between Labour and New Zealand First in October 2017.
Protect your most precious assets with an up to date and valid will. Major changes in your life will affect your will, find out more by clicking below.
News of a new Trust Bill has been at the forefront of the industry over the last year as the Trustees Act 1956 has not been comprehensively updated over the last 60 years. This article identifies the proposed key changes to the current Act and is intended to be a practical guide to what is expected to become law shortly.
You may not be aware that as well as having a team of Private Wealth experts, Trustees Executors also has a Corporate Trustee Services team and is the largest provider of back office investment administration in New Zealand.
Our Corporate Trustee Services team is a licensed supervisor and a market leader for providing independent supervisory and trustee professional services to corporate clients in financial markets. Read on to find out more about the role of a licensed supervisor.
Should the time come when you are no longer able to make decisions for yourself, it’s important to ensure that Enduring Powers of Attorney rest in safe hands.
The roller coaster final quarter of 2018 highlighted the volatility that share markets can experience. During this time, New Zealand shares continued to perform be a standout performer, posing the question - Why do we invest such a significant exposure of portfolios outside of New Zealand?
Trustees Executors Limited (TEL) has appointed new leadership of its retail Private Wealth business.
Supervisors perform diverse roles with shared features under the various Acts of Parliament by which they are governed. In this article we have considered how supervisors function as monitors and enforcers of investment-related legislation, regulations, governing documents and supervisory agreements, with analysis based on a range of key legislative sections.