About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Friday, May 29th, 5:56PM
rss
Latest Headlines

News Round Up

Tax incentives for health insurance, ASX considers listing funds, S&P gives its view on NZ and ASG signs up ANZ

Sunday, March 25th 2001, 10:42PM

The health insurance sector is putting out a report later this week that is likely to favour tax incentives for premiums.

The report, written by NZ Institute of Economic Research for the Health Funds Association, is understood to argue that New Zealand should adopt an approach similar to that used in Australia.

While such a move would be positive for the health insurance industry, there are fears that some players will exit the market following a High Court decision last week that allows Southern Cross to retain ownership of all Aetna's policies.

ASX considers listing managed funds


The Australian Stock Exchange (ASX) is considering listing all mainstream managed funds on its exchange.
The aim of the proposal is to make transactions of managed funds more accessible, reduce management expense ratios (MER) and to make the use of a broker in some form mandatory.
A spokesman for the exchange says the idea is still in its early stages. However, the ASX has had discussions with fund managers and financial planners.

Planners are likely to suffer if this scenario eventuates as they will be pitted directly against sharebrokers, and they would lose potential revenue from the buy/sell spread and changes to trail commissions.

S&P says things OK
The New Zealand financial services sector is "generally sound" despite increasingly challenging operating conditions, ratings agency Standard and Poors says.

"Current indications are that the outlook for the banking and non-life insurance industries are slightly better than for the life insurance industry," S&P finance director Gavin Gunning says.

He says the balance sheet strength of companies in the life insurance sector is decreasing as more emphasis is placed on shareholder returns.

"The outlook for the industry is pressured by low growth opportunities, an unsupportive tax regime, reducing operating margins, and pressure for balance sheet efficiency," he says.

ASG takes on ANZ
The ASG Scholarships Group has appointed ANZ Banking Group (New Zealand) Limited to be a second investment fund manager for the pooled funds of its New Zealand members.

ANZ joins WestpacTrust as a fund manager for ASG in New Zealand.

ASG – the Australian Scholarships Group Friendly Society Limited established separate funds for New Zealand members in 1995. Four years earlier, ASG became the first friendly society to issue a prospectus for its scholarship programmes for New Zealanders.

« International quality standards for financial planningSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • FMA starts major investigation into churn
    “A review of churn, alongside a review of commissions, is going to eventually bring us to an obvious conclusion - level commissions...”
    14 hours ago by Goldstar
  • FMA starts major investigation into churn
    “Does anyone know if the Banks are included in this fishing exercise? And how will the FMA be able to differentiate between...”
    2 days ago by I was wondering
  • Getting to know...Peter Leitch
    “And a thoroughly nice guy to boot. "Good on yer, Peter! We need more advisers of your ilk" (Wonder how many will scurry...”
    2 days ago by Robert Oddy
  • Did issues paper miss opportunities?
    “This response is an attempt to get some debate going here. Angus is reported as making 3 major points here. I would grade...”
    2 days ago by Murray Weatherston
  • Getting to know...Peter Leitch
    “Never met the Mad Butcher, I am sure he is a nice chap. I have met this Peter Leitch and he is definitely a nice chap; and...”
    2 days ago by Giles Thorman
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 6.74 5.59 5.59 5.59
ANZ Special - - 5.39 -
ASB Bank 6.75 5.99 5.99 5.99
ASB Bank Special - 5.35 5.39 5.39
BankDirect 6.75 5.99 6.09 5.99
BankDirect Special - 5.35 5.39 5.39
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Special - - - -
BNZ - Std, FlyBuys 6.74 5.35 5.39 5.49
BNZ - TotalMoney 6.74 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.95 5.99 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.69 5.39 5.69
HBS Special - 5.59 5.35 5.35
Heartland 6.70 7.00 7.25 7.85
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.70 5.70 5.40 -
Housing NZ Corp 6.74 5.70 5.99 6.29
HSBC Premier 6.84 5.65 5.65 5.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.29 5.29 5.29
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 5.39 6.09 6.29
Kiwibank - Capped - - - -
Kiwibank - Offset 6.55 - - -
Kiwibank Special - - 5.39 5.39
Liberty - - - -
Lender Flt 1yr 2yr 3yr
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.29
Perpetual Trust 7.70 - - -
Resimac 6.59 5.88 5.86 5.90
SBS Bank 6.65 5.69 5.39 5.69
SBS Bank Special - 5.59 5.35 5.35
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 ▼5.35 ▼5.39 ▼5.39
Sovereign Special - - 5.39 5.39
The Co-operative Bank 6.70 5.29 5.39 5.49
Lender Flt 1yr 2yr 3yr
TSB Bank 6.74 ▼5.55 ▼5.55 ▼5.75
TSB Special - - 5.29 5.40
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 ▼5.59 ▼5.59 ▼5.59
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - 5.25 5.39 -
Median 6.70 5.70 5.59 5.67

Last updated: 29 May 2015 5:26pm

News Quiz

Along with Good Shepherd NZ, Ministry of Social Development and The Salvation Army which bank is involved with the No Interest Loan Scheme (NILS)?

BNZ

ANZ

Westpac

ASB

Kiwibank

MORE QUIZZES »

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