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News Round Up

Monday, April 9th 2001, 8:15AM

AMP has announced that it has rolled out the integration of its three UK financial services brands, Pearl, NPI and London Life, in to one AMP United Kingdom Financial Services business (AMP UKFS) to create a platform for future growth.

AMP also signalled its commitment to advice-led distribution and building its direct sales force - in contrast with many of its competitors. Chief executive Paul Batchelor, says that the creation of AMP UKFS represented a key development in AMP's growth strategy and expansion in its core business of international wealth creation and protection.

"AMP already occupies a strong position in the UK financial services market. The integration of our retail financial services businesses will deliver greater scale and an improved competitive position in the growing UK market. It will also drive cost efficiencies across our UK operations, with an ability to provide more tailored and holistic financial solutions for our 4.5m customers in the UK.

New Year, new tax


The 2001 Master Tax Guide is now available through Good Returns' bookstore. This year's guide includes a 1350 page book, a bonus 120 page Question and Answer book and a CD with handy tax calculatorss.

The 2001 Master Tax Guide provides comprehensive commentary on all aspects of tax including income tax, GST, duties and accident insurance.

The CD gives you full text searching, web links and handy tax calculators.

Buy your copy now CLICK HERE

Tower Trust forms alliance with Citibank
Tower's trustee subsidiary has formed an alliance with Citibank to market a range of services to institutional investors.

Under the alliance Tower Trust and Citibank will jointly market master custody services to the broad New Zealand market.

Tower will provide a range of services, including corporate trust, investment accounting, and investor registry.

Citibank will supply all global custody services to the Tower group, including Tower trust and the group's fund manager Tower Asset Management.

NPT unitholders say I do
National Property Trust unitholders have approved the acquisition of Southway Properties Ltd.

Southway's two principal assets are the Eastgate shopping centre and the Hornby shopping mall, both in Chirstchurch.

NPT executive chairman Paul Dallimore says the integration of Southway and NPT is "a significant step forward for National" as it will create opportunities for other initiatives to advance the growth of the trust.

Book online now
Full details of the Financial Planners and Insurance Advisers Association conference are available at Good Returns, including online registration.

Click here to visit the FPIA page. The page includes a registration form, the ability to pay by credit card through our secure server, programme and work shop details plus a guide to accommodation in Christchurch.

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AMP Home Loans 7.24 5.69 6.19 6.55
AMP Home Loans $200k+ 7.14 5.59 6.09 6.45
AMP Home Loans LVR <80% - - 5.75 6.09
ANZ 6.74 6.09 6.19 6.39
ANZ Special - 5.59 5.75 5.99
ASB Bank 6.75 5.99 6.19 6.39
ASB Bank Special - 5.59 5.75 5.85
BankDirect 6.75 5.99 6.19 6.39
BankDirect Special - 5.59 5.75 5.85
BNZ - Classic - 5.69 5.75 5.99
BNZ - GlobalPlus 6.74 5.89 6.19 6.29
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.89 6.19 6.29
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 6.05 6.20 -
Credit Union North 6.45 - - -
Credit Union South 5.75 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
Lender Flt 1yr 2yr 3yr
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.69 5.74 5.99
HBS Special - 5.59 5.49 5.69
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 6.70 6.00 6.30 -
Housing NZ Corp 6.74 ▼5.70 ▼6.09 ▼6.29
HSBC Premier 6.84 ▼5.45 ▼5.65 5.99
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 5.69 6.19 6.55
Lender Flt 1yr 2yr 3yr
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.75 5.89
Liberty - - - -
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 6.65
Perpetual Trust 7.70 - - -
Resimac 6.59 6.10 6.28 6.43
SBS Bank 6.65 5.69 5.74 5.99
SBS Bank Special - 5.59 5.49 5.69
Lender Flt 1yr 2yr 3yr
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 5.99 6.19 6.39
Sovereign Special - 5.59 5.75 5.85
The Co-operative Bank 6.70 5.69 5.75 5.99
TSB Bank 6.74 5.95 6.19 6.30
TSB Special - - 5.79 -
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 6.09 6.39 6.65
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - - 5.99
Median 6.70 5.97 6.19 6.29

Last updated: 15 December 2014 11:07am

News Quiz

A well-commented on story last week mooted that many authorised financial advisers are out of their depths discussing what with their clients?

bonds

death

divorce

piles

birth control

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