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News Round Up

Good Returns gets another writer, Consumer does managed funds, Four days to go, More dodgy investments, International market numbers at your fingetips.

Monday, July 16th 2001, 6:48AM

Good Returns is pleased to announce that long-time business journalist Frances Martin has joined the site's editorial team.

Frances will be well-known to Wellington readers as she has been with the Evening Post since 1999.

One of her prime roles at Good Returns will be to look after the Insurance News section of the site.

Frances has worked for a number of publications over the years including the Dominion, the Independent, NBR and Dow Jones Newswires in London.

She can be contacted at frances@goodreturns.co.nz


Wondered what's happened in the markets over the past month, quarter or year, but don't know where to easily find all the information? Then head for the Markets section of the site.

One of the latest features in Markets is the Monthly Market Review of international markets. (To see the new page click here).

The table includes percentage changes and closing numbers for all the major world sharemarkets, along with what's happened in bond and currency markets.

The Monthly Market Review is a great snapshot of what's been happening around the world.

Consumer does managed funds road test
Consumer magazine has once again done its review of the managed fund industry. Once again it is copping some flak for the way it has tackled the issue of picking the best managed funds.

A full wrap of the article, plus comments from key industry players will feature on the site later today. Watch out for it!

Four days to go
Have you registered for this year's Financial Planners and Insurance Advisers Conference? The conference starts on Thursday but it's not too late to reserve your spot at this important annual event.

Advisers and fund managers can register online at Good Returns. To register now CLICK HERE.

This page includes programme details - speakers and workshops, conference information and an accommodation guide.

More Dodgy Investments offered
The Securities Commission has prohibited advertising for a scheme known as the Tri-West Investment Club. The scheme appears to be based in the central American state of Belize. A Panamanian company called Haarlem Universal Corporation is involved, the commission says.

Senior operations executive Norman Miller says the club is being actively promoted in Palmerston North, Tauranga, and Whakatane.

He says it does not have a registered prospectus or investment statement and it has all the hallmarks of a prime bank scheme.

"Tri West and Harlem have been the subject of regulatory action in Canada and the United States. Cease and desist orders have been made against them by regulatory authorities in both of these countries," he says.

« Sovereign puts standards on advisersSovereign takes regulation bull by the horns »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.59 4.75 4.85 4.99
ANZ Special - 4.25 4.35 -
ASB Bank 5.55 4.69 4.75 4.89
ASB Bank Special - 4.25 4.29 4.34
BankDirect 5.55 4.69 4.75 4.89
BankDirect Special - 4.25 4.29 4.34
BNZ - Mortgage One 6.25 - - -
BNZ - Rapid Repay 5.70 - - -
BNZ - Special - 4.29 4.29 4.49
BNZ - Std, FlyBuys 5.64 4.85 4.89 4.99
BNZ - TotalMoney 5.64 - - -
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 - - 3.79 -
ICBC 5.60 4.39 4.69 4.99
Kiwibank 5.25 4.70 4.75 4.29
Kiwibank - Capped - - - -
Kiwibank - Offset 5.25 - - -
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 5.45 4.69 4.75 4.75
NZ Home Loans - Specials - - - -
Lender Flt 1yr 2yr 3yr
NZ Home Loans - Specials - 4.19 4.29 4.29
Perpetual Trust 7.70 - - -
Resimac ▼5.19 4.94 4.90 4.91
SBS Bank 5.54 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 5.65 4.79 4.85 4.99
Westpac - Capped rates - 5.15 5.25 -
Westpac - Offset 5.65 - - -
Westpac Special - 4.25 4.29 4.49
Median 5.65 4.69 4.75 4.89

Last updated: 29 August 2016 9:32am

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