Talk Money: April 15, 2016

Tony Field (Paul Henry)
Tony Field (Paul Henry)

The New Zealand share market had another record close yesterday. The index of the top fifty stocks, the S7P/NZX50, has risen eight percent since the start of the year, outperforming markets in the US, Europe and Japan.

You might not have ever bought any shares. But if you are in KiwiSaver, or another retirement fund, you do have a stake in the local market.

But are prices now too high?

Paul and Tony talked about that - and they also debated a revolt by BP shareholders against a plan to give the Chief Executive a twenty percent pay rise.

The proposal, which might still be approved, would see Bob Dudley receive a pay package of NZ$28 million.