About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Monday, July 6th, 1:47PM
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
  • Dealer groups should be QFEs
    “Dealer groups have always struggled to provide value.. Insurers assist (at no cost) with training and advice around the points...”
    4 hours ago by Backstage
  • FMA targets investor knowledge
    “bravo charity, bravo. ...”
    5 hours ago by w k
  • FMA targets investor knowledge
    “I’m getting tired of FMA making negative comments about financial advisers. Financial advisers are the key to assisting...”
    7 hours ago by Charity
  • QROPS now trapped in KiwiSaver funds
    “If KiwiSaver schemes have allowed withdrawals for first home purchase and financial hardship contrary to QROPS regulations...”
    8 hours ago by Admin
  • Dealer groups should be QFEs
    “I am happy to concede that the wider definition of wayward may have offended some readers. I apologies if that is the case. My...”
    2 days ago by Jeff Page
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 6.49 5.10 5.59 5.59
ANZ Special - - 4.99 -
ASB Bank 6.50 5.49 5.49 5.75
ASB Bank Special - ▼4.89 5.10 5.39
BankDirect 6.50 5.49 5.49 5.75
BankDirect Special - ▼4.89 5.10 5.39
BNZ - Mortgage One 6.90 - - -
BNZ - Rapid Repay 6.49 - - -
BNZ - Special - - 4.99 -
BNZ - Std, FlyBuys 6.49 5.19 5.39 5.29
BNZ - TotalMoney 6.34 - - -
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 6.45 - - -
HBS Bank 6.39 5.39 5.39 5.39
HBS Special - 4.99 4.99 4.99
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.45 5.40 5.40 -
Housing NZ Corp 6.74 5.70 5.99 6.29
Lender Flt 1yr 2yr 3yr
HSBC Premier 6.60 4.95 4.95 5.40
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.29 5.29 5.29
ICBC 6.75 5.99 6.39 -
Kiwibank 6.40 5.39 5.49 5.69
Kiwibank - Capped - - - -
Kiwibank - Offset 6.40 - - -
Kiwibank Special - 5.09 4.99 5.39
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 6.85 5.49 5.49 6.29
Perpetual Trust 7.70 - - -
Resimac 5.84 5.60 5.65 5.79
SBS Bank 6.39 5.39 5.39 5.39
SBS Bank Special - 4.99 4.99 4.99
Sovereign 6.60 5.49 5.10 5.75
Sovereign Special - ▼4.89 5.10 5.39
The Co-operative Bank 6.45 5.15 4.99 5.35
TSB Bank 6.49 ▼5.45 ▼5.49 5.75
TSB Special - - ▼4.99 5.40
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 6.40 5.49 5.49 5.59
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.40 - - -
Westpac Special - - 4.99 -
Median 6.49 5.45 5.40 5.40

Last updated: 3 July 2015 8:24am

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