About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Sunday, August 30th, 8:19AM
rss
Latest Headlines

Look into the future with Financial Forecasts

Financial Forecasts - in the Special Report section - is your blueprint to the year ahead.

Wednesday, February 7th 2001, 8:47PM

by Philip Macalister

The past 12 months have been a tough year for investors and advisers, particularly in the area of markets and returns.

In the year ending December 31 nearly all the major indices reported negative returns. The only exceptions where the Canadian and Australian stock markets.

Bonds rallied in the last quarter as central bankers cut rates to keep economic growth going and property had one of those years that are best to forget.

What does 2001 offer?


In Financial Forecasts Good Returns has assembled a group of expert commentators and asked them to look at the year ahead and what it offers.

Two things are clear. On the markets front there is a cautious sense of optimism for returns. There are, as usual, plenty of caveats to these predictions. One of the key ones being that the good news is probably not really due to hit until the second half of the year.

As Bank of New Zealand investment strategist Michael Daly points out in his piece on international sharesthe coming months will "likely provide much ugly economic news," but the situation isn't all doom and gloom.

"We believe excellent buying opportunities will present themselves in 2001."

The other theme to come out of Financial Forecasts is that the environment in which advisers and investors operate in is likely to change significantly.

Firstly there is the Government's proposed multi-billion fund to help pay a small proportion of the state pension in several decades time.

Submissions on the bill close on Friday (February 9). While the bill received overwhelming cross-party support from Parliament to go to a select committee, that doesn't indicate the bill will pass through the next stage easily. As reported earlier some parties are already showing they strongly oppose key aspects.

The essential part of the superannuation process has still to be started. That is what does the Government plan to do in what is known as tier two and tier three parts of superannuation?

Finance minister Michael Cullen has suggested changing the tax system to one based on a tax-exempt-taxed formula which would see allow savings to accumulate tax-free, then be taxed on withdrawal.

However, as Investment Savings and Insurance chief executive Vance Arkinstall and PricewaterhouseCoopers tax partner Paul Mersi point out such a change comes at a cost.

Arkinstall sums up the present situation well in his article. He says that changes need to be made and after a decade of being left in the wilderness there is now the prospect of "significant and positive progress on a range of savings policy and taxation issues."

Investors and advisers need to stay abreast of this changing landscape to ensure they are well positioned for the changes.

Financial Forecasts is forward looking and is designed to help you focus on the issues. Use the links below to read the articles in Financial Forecasts.

Economy: New Zealand's chance to outshine?

International Equities: Buying opportunity coming

NZ Equities: Interesting year predicted

Bonds: Lower returns expected from global bonds

Property: Looking healthier, but still some concerns

Technology: Online advice a reality

Tax: Time for decisions to be made

Super & Savings: The door has opened for positive change

Insurance: Pressure likely to come on some products this year

You can read Philip's blog here: http://www.goodreturns.co.nz/blog/

« Fund managers luke warm on mergerGet your tax questions answered online »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Former Mike Pero broker banned
    “Unfortunately Heath did willingly sign a franchise agreement with Mike Pero. He was aware of the terms and conditions when...”
    2 days ago by I was wondering
  • nib plots more growth
    “This is great news, however from my own personal experience nib can't handle the business flows it has at the moment. Their...”
    2 days ago by I was wondering
  • Two advisers investigated
    “Perhaps we're finally going to see a bank adviser and his/her employers facing the music? If it is, it's been a long time...”
    2 days ago by I was wondering
  • Home loan lending takes lower prominence at ASB
    “Hi. Does this mean ASB will focus even more on the growth of there insurance business on taking my clients. Will they continue...”
    2 days ago by Cyril
  • New Zealand lagging on decumulation options
    “I thought it was compulsory in the UK for a person reaching retirement age and receiving a company pension for a good percentage...”
    2 days ago by traveller
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 6.24 5.10 5.25 5.59
ANZ Special - 4.69 4.89 -
ASB Bank 6.50 5.05 5.25 5.35
ASB Bank Special - 4.69 4.89 4.99
BankDirect 6.50 5.05 5.25 5.35
BankDirect Special - 4.69 4.89 4.99
BNZ - Mortgage One 6.65 - - -
BNZ - Rapid Repay 6.24 - - -
BNZ - Special - 4.69 4.69 -
BNZ - Std, FlyBuys 6.24 5.09 5.09 5.19
BNZ - TotalMoney 5.99 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.75 5.75 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 5.85 - - -
HBS Bank 6.14 5.39 5.39 5.39
HBS Special - 4.69 4.69 4.99
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.45 5.10 5.40 -
Housing NZ Corp 6.49 5.19 5.49 5.59
Lender Flt 1yr 2yr 3yr
HSBC Premier 6.60 4.89 4.89 4.99
HSBC Premier LVR > 80% - - - -
HSBC Special - 4.49 4.49 4.49
ICBC 6.75 5.99 6.39 -
Kiwibank 6.15 4.79 5.49 5.69
Kiwibank - Capped - - - -
Kiwibank - Offset 6.40 - - -
Kiwibank Special - 5.09 4.65 4.99
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.70 5.65 5.95 -
Lender Flt 1yr 2yr 3yr
NZ Home Loans 6.60 5.39 5.49 6.29
Perpetual Trust 7.70 - - -
Resimac 5.59 5.37 5.40 5.52
SBS Bank 6.14 5.39 5.39 5.39
SBS Bank Special - 4.69 4.69 4.99
Sovereign 6.35 5.05 5.25 5.35
Sovereign Special - 4.69 4.89 4.99
The Co-operative Bank 6.20 4.69 4.79 4.99
TSB Bank 6.24 5.10 5.39 5.45
TSB Special - 4.69 4.69 4.99
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 6.15 4.99 5.19 5.19
Westpac - Capped rates - 6.15 6.15 -
Westpac - Offset 6.15 - - -
Westpac Special - - 4.69 -
Median 6.40 5.09 5.25 5.35

Last updated: 18 August 2015 3:39pm

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox
 
Site by Web Developer and eyelovedesign.com