About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Sunday, January 25th, 6:03PM
rss
Latest Headlines

Planz funds didn't go to plans

Shareholders have voted to liquidate three listed property index funds companies.

Thursday, August 23rd 2001, 6:57AM

Shareholders in the three listed property index funds managed by Guardian Trust have voted to liquidate the companies.

The shareholders voted, at annual meetings today, to liquidate and delist the Property Leaders NZ, Property Leaders Australia and Property Leaders Australasia funds.

Laurence Chilcott and Peter Chatfield of Smith Chilcott were appointed as liquidators.

The directors of the three companies recommended that shareholders wind up the funds because they lacked investor support, and the Inland Revenue Department was unlikely to renew the binding rulings which exempted the companies from paying capital gains tax.

Directors said the best way of preserving current shareholder wealth was to liquidate the companies.

« Prominent planners start court caseSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Demand for simpler trauma policies
    “The Lifecare product that Fidelity offer is a good way around the problem. I think a lot of people do not understand it. Appreciate...”
    3 days ago by Wall
  • Time to address advice accessibility: Body
    “The problem is that you can give an adviser as much technical ability and education as you like, but in the end it comes...”
    4 days ago by traveller
  • Investors told: Don't bail out just yet
    “Gibbson, I've just spent almost a month in the USA. Both the east and west coasts. Things looked pretty good to me. ...”
    4 days ago by John Milner
  • Time to address advice accessibility: Body
    “Let’s be honest – much of this CPD business is a waste of time for numerous reasons. In NZ some CPD is sponsored by...”
    5 days ago by Brent Sheather
  • Self-regulation a focus for 2015
    “Not sure about the case for the "international move to encourage self-regulation". The Canadian association may be advocating...”
    5 days ago by dcwhyte
Subscribe Now

Weekly Wrap

Previous News

MORE NEWS»

Most Commented On
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 ▼6.09 6.39
ANZ Special - 5.59 ▼5.55 5.99
ASB Bank 6.75 5.99 ▼6.09 6.39
ASB Bank Special - 5.59 ▼5.55 5.59
BankDirect 6.75 5.99 ▼6.09 6.39
BankDirect Special - 5.59 ▼5.55 5.59
BNZ - Classic - 5.69 5.75 5.59
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 ▼5.79
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 5.69 6.09 6.29
Lender Flt 1yr 2yr 3yr
Kiwibank - Capped - - - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.55 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 ▼6.03 ▼6.10 ▼6.19
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 5.59
The Co-operative Bank 6.70 ▼5.59 ▼5.59 ▼5.74
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 5.95 6.09 6.29

Last updated: 22 January 2015 8:09am

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

MORE QUIZZES »

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