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

Bondholders get some good news, FPIA signs top speaker, ANZ launches fund amid the gloom, UDC's new rates, Red ink all over the markets.

Sunday, October 7th 2001, 11:14PM

Bondholders invested in the Park Terrace Property bond in Christchurch may get some of their money back sooner than earlier anticipated.

The trustee, Tower Trust, says a court case against people who have defaulted on their purchases has been brought forward from February to November.

Tower Trust general manager Glenn Clark says this is likely to accelerate the repayment process, assuming the case goes the company's way and purchasers settle.

This case, against 18 purchasers who bought 33 apartments, is expected to net about $7 mill.

Another $4 million is being sought from purchasers who have defaulted but aren't defending their position in court. Clark says it may be necessary to pursue these defaulting purchasers into bankruptcy.

ANZ adds new fund


International shares aren't flavour of the month with investors currently, but that hasn't stopped ANZ Funds Management adding a new offshore equity fund to its range of product range.

The new fund is put together by Frank Russell using its multi-manager, multi-style approach and uses seven managers.

The main difference between this and ANZ's other fund is that the new one is fully invested in shares.

While ANZ uses Frank Russell to advise on its Ascent Investment Programme, the bank no longer has an exclusive arrangement with the firm.

Big Name signed
People attending the Financial Planners and Insurance Advisers Convention in Palmerston North next year will get to hear a top international speaker on day one.

To find out who the FPIA has signed as a platform speaker for day one click here.

New Rates
UDC's new deposit rates are:

  • UDC Secured term investment, 5.35% for 15 months. Interest quarterly, min $25,000
  • UDC Telephone call account, 4.8% for $100,000 plus, 4.65% for $20,000 to $100,00 and 4.2% for $5,000 to $20,000.
  • UDC Secured Term Investment, 6.55% for 5 years, min $25,000.

Monthly market review
It's not a pretty sight, but you'd better check it out. Returns for all the major indices in the period to the end of September are available in the Markets section of Good Returns (
click here to have a look).

The latest figues show red ink everywhere, and in most cases the loses are of 10% or more.

« Don't expect a quick recoverySovereign 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