About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   depositrates.co.nz  |   landlords.co.nz
Last Article Uploaded: Tuesday, September 2nd, 10:18PM
rss
Latest Headlines

News Round Up

Monday, September 3rd 2001, 12:23AM

Two major features to look out for on Good Returns this week is a major series explaining Hedge Funds and Alternative investment strategies, plus the first in a series of in-depth practice management features.

The Hedge Funds report will give you a comprehensive package of information on why hedge funds have become so popular and why you should include them in your (or your clients') portfolios.

The Series on Succession Planning is an in-depth series that looks at major issues confronting financial planners.

As part of this series we would like to answer your questions about the issue. Email any questions you have to qanda@goodreturns.co.nz. These will be answered by someone who has expertise in this area. At the end of the series we will run an article which answers all your questions. (Your name won't be published).

In a related area the Auckland branch of the Financial Planners and Insurance Advisers Association is holding a seminar on How to Become A Financial Adviser.

Good Returns is wholly-supportive of such initiatives.

To find out more about this seminar click here.

Warehouse goes direct


We've been given plenty of warning and now it's happened. The Warehouse has established a financial services arm of its operation in conjunction with WestpacTrust.

The section is headed by Bruce Gordon who also established E-Loan and previously ran Farmers Financial Services.

First up the Warehouse will be offering a low interest rate MasterCard, a standard MasterCard and a range of innovative, good-value life insurance, credit card, insurance and travel insurance policies.

The Warehouse believes the majority of its 200,000 current holders of the Warehouse’s store card (recently transferred from WestpacTrust to the Warehouse Financial Services) will upgrade to one of the new MasterCards, forming a solid base for the new venture.

Warehouse chief executive Greg Muir says the company is evaluating other products, including savings accounts and home loans, as part of a planned rollout of new products and services in the future.

"It is our intention to be a major presence in the New Zealand financial services market over time, but we’re taking a sensible, incremental approach to establishing ourselves."

Challenger looks to UK
Listed Australian-based fund manager Challenger International says it has increased its net profit after-tax by 91% to A$154.1 million in the year to June 30.

Challenger is active in Australia and New Zealand and is currently looking to set up operation in the United Kingdom.

It plans to fund this expansion with the A$85 million it raised in a rights issue earlier this year.

Challenger's New Zealand chief executive John Rowley says the company is still in the early stages of its growth in New Zealand: "We are on track with our plans to be a permanent and important part of the New Zealand financial services scene."

New rates
UDC has made the following changes to its term deposit rates;

  • UDC Secured Term Investment Rate, 5.85% for one year, min $25,000
  • UDC Telephone Call Account, 5.30% for $100,000 or more, 5.15% for $20,000 to $100,000 and 4.6% for $5,000 to $20,000.
  • UDC Secured Term Investment 5 year, 7.00%, minimum $25,000
« Moses and Stevens clearedSovereign takes regulation bull by the horns »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Bank advice 'an area of concern'
    “Well said Dirty Harry! In the example you used, who is to say the customer doesn't owe $5,000 to a third tier lender...”
    2 days ago by Cynical Ex-banker
  • Bank advice 'an area of concern'
    “FACT: I went into my bank to make an enquiry. After completing that I was asked if I was in K/Saver. I said I was in...”
    2 days ago by LPL
  • Bank advice 'an area of concern'
    “In other words, the true home of 'too much selling and not enough advising...’; If someone walks into a bank and says...”
    2 days ago by Dirty Harry
  • What’s the point of independent advisers?
    “Good work from Mr Berry. The “views paraphrased from the large fund manager” are ridiculous and if these views are...”
    2 days ago by Brent Sheather
  • What’s the point of independent advisers?
    “Great article. Is one of the problems also that the providers (banks/insurance companies/fund managers etc) don't offer...”
    2 days ago by btw
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 5.99 6.39 6.65
AMP Home Loans $200k+ 7.14 5.89 6.29 6.55
AMP Home Loans LVR <80% - - 5.85 6.29
ANZ 6.74 ▲6.15 6.49 ▼6.49
ANZ LVR > 90 6.74 ▲6.65 6.99 ▼6.99
ANZ Special - 5.75 5.99 -
ASB Bank 6.75 6.09 6.40 6.65
ASB Bank Special - - 5.99 6.19
BankDirect 6.75 6.09 6.99 6.65
BankDirect Special - - 5.99 6.19
BNZ - Classic - - 5.99 ▼6.19
Lender Flt 1yr 2yr 3yr
BNZ - GlobalPlus 6.74 5.99 6.39 6.59
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Std, FlyBuys 6.74 5.99 6.39 6.59
BNZ - TotalMoney 6.74 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.90 6.50 -
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
Lender Flt 1yr 2yr 3yr
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.15 5.85 5.99 6.25
HBS Special - - - 5.95
Heartland 6.45 6.75 7.00 7.60
Heretaunga Building Society ▲6.70 ▲6.00 6.50 -
Housing NZ Corp 6.74 5.99 6.19 6.60
HSBC Premier 6.84 5.95 5.95 6.55
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 6.75 5.99 6.39 -
Lender Flt 1yr 2yr 3yr
Kiwibank 6.65 5.99 6.39 6.65
Kiwibank - Capped 5.65 6.50 - -
Kiwibank - Offset 6.55 - - -
Kiwibank LVR > 80% - - 5.89 -
Liberty 5.64 - - -
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 LVR < 80% 6.59 6.35 6.58 6.77
RESIMAC LVR < 85% - - - -
Lender Flt 1yr 2yr 3yr
RESIMAC LVR < 90% - - - -
RESIMAC LW DOC - - - -
SBS Bank 6.15 5.85 5.99 6.25
SBS Bank Special - - - 5.95
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 6.09 6.40 6.65
Sovereign Special - - - 6.19
The Co-operative Bank 6.70 6.00 6.00 6.25
TSB Bank 6.74 6.00 6.19 6.60
TSB Special - - ▼5.79 -
Wairarapa Building Society 6.20 5.75 5.95 -
Lender Flt 1yr 2yr 3yr
Westpac 6.59 6.09 6.39 6.65
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - 5.99 6.19
Median 6.70 6.00 6.39 6.59

Last updated: 2 September 2014 5:21pm

News Quiz

What is the name of a new website aimed at improving the financial literacy of New Zealanders?

Get Smart

Money Sorted

Be Dollar Wise

Financial Literacy for You

The Exchange

MORE QUIZZES »

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