About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, July 27th, 1:49PM
rss
Latest Headlines

News Round Up

Regulation of advisers, the case for SRI funds, US funds hit market.

Monday, May 7th 2001, 7:07AM

Regulation of financial advisers is back on the agenda again. Financial Planners and Insurance Advisers Association president Paul O'Brien says senior Government MP Steve Maharey has offered to support legislation for the regulation of advisers.

Government whip, Rick Barker, also offered to sponsor legislation last year. However under this arrangement the association would have had to pay the considerable cost of drafting the legislation.

Maharey has indicated that he will provide the written legislation.

For more on this see the interview with Paul O'Brien in the Features section.

Testing the water


Polls have been introduced to Good Returns to get readers' feelings on key subjects. Ethical or socially responsible funds have been ignored in the past as investors and adviser felt they had to sacrifice returns in these types of funds. However returns in ethical funds have been impressive over recent years.

The question we ask is are you or would you use an ethical fund, or are they a waste of time. To cast your vote and to see what others think click here.

US funds hit the market
Challenger International will make the funds of five US funds management giants available in Australia through a master trust which was launched last week.

The Challenger Global Choice investment vehicle will provide access to 20 funds from the likes of Janus Capital, Oppenheimer Funds, American Century, GMO and J&W Seligman.

Challenger's head of funds management Martin Ashe says Global Choice is the first true mirror fund in Australia because it replicates exactly the mutual funds available to US investors through a structure with a number of different classes of units.

Head of funds management Martin Ashe says he was looking for managers that wanted to distribute in the Australian market but did not want to go to the expense of setting up an office and obtaining a licence. At the same time, he needed managers that would fully commit support to the Australian market, "not come out for the launch and never be seen again".

The funds are mostly global in their spread but there are also some new funds for the Australian market such as a US small cap fund, US real estate fund and an emerging markets fund.

The 20 funds together have almost $114 billion under management, more than the total retail funds management market in Australia.

Register online
FPIA Conference detailsYou can register for this year's Financial Planners and Insurance Advisers Conference online at Good Returns.
For full details of the conference, plus an online registration form CLICK HERE.
This page includes programme details - speakers and workshops, conference information and an accomodation guide.

« Investment risks of foot and mouthSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Could AFA compliance costs fall?
    “Murray wont the answer to your question depend on the effective levy the FAF will need to pay per Agent or per FA. Surely...”
    4 hours ago by MPT Heretic
  • FMA wants more money
    “You are spot on Brent but there may be no room on the beach to spread your towel due to recent exit of all the AFAs who finally...”
    5 hours ago by gavin austin adviser business compliance
  • FMA wants more money
    “Very useful comments Gavin. As regulation proceeds it is becoming more and more obvious, if it wasn’t already, that the...”
    6 hours ago by Brent Sheather
  • Could AFA compliance costs fall?
    “Correction The four advice firms with over 100 AFAs are two retail sharebroking firms, one bank and one insurance company....”
    9 hours ago by Murray Weatherston
  • FMA wants more money
    “I hope Phil will allow this rather long comment as it is important that DIMS providers see the full potential impact of this...”
    1 day ago by gavin austin adviser business compliance
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 5.64 4.75 4.85 4.99
ANZ Special - 4.25 4.35 -
ASB Bank 5.65 4.69 4.75 4.89
ASB Bank Special - 4.25 4.29 4.34
BankDirect 5.65 4.69 4.75 4.89
BankDirect Special - 4.25 4.29 4.34
BNZ - Mortgage One 6.30 - - -
BNZ - Rapid Repay 5.75 - - -
BNZ - Special - 4.25 4.19 4.49
BNZ - Std, FlyBuys 5.69 4.85 4.89 4.99
BNZ - TotalMoney 5.69 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 5.95 4.99 4.99 -
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 - - -
Heartland 6.70 7.00 7.25 7.85
Heretaunga Building Society 5.60 4.85 4.90 -
Housing NZ Corp 5.55 4.69 4.75 4.89
HSBC Premier 5.75 4.19 4.19 4.49
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.45 4.70 4.75 4.49
Kiwibank - Capped - - - -
Kiwibank - Offset 5.50 - - -
Kiwibank Special - 4.19 4.29 -
Liberty - - - -
Napier Building Society 6.50 5.80 6.70 -
Nelson Building Society 6.10 4.85 4.99 -
NZ Home Loans 5.85 4.69 4.75 4.49
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.19 4.29 4.34
Perpetual Trust 7.70 - - -
Resimac 5.34 4.95 4.99 5.05
SBS Bank 5.69 4.75 4.89 4.99
SBS Bank Special - 4.25 4.15 4.55
Sovereign 5.65 4.69 4.75 4.89
Sovereign Special - 4.25 4.29 4.34
The Co-operative Bank 5.45 4.25 4.29 4.49
TSB Bank 5.54 4.75 4.75 4.99
TSB Special - 4.25 4.19 4.59
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 5.75 4.79 4.85 4.99
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.75 - - -
Westpac Special - 4.25 4.29 4.49
Median 5.75 4.69 4.75 4.89

Last updated: 10 July 2016 11:42am

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