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News Round Up

Recommendations on adviser regulation due soon, Sorted a winner, Corporate spying unlikely, Macquarie expands

Tuesday, November 27th 2001, 10:09PM

The Securities Commission is hoping to make some recommendations about adviser regulation before Christmas.

Commission chairman Jane Diplock says there was a "fabulous" response to the commission's document on adviser regulation.

She says more than 40 submissions were received in total.

They were "very well thought out, reflective, very useful, and by and large very supportive of the proposal."


Related stories
Commission wants power to ban advisers - and more
Securities Commission report throws up thorny issues

Corporate spying unlikely
Investment Savings and Insurance Association (ISI) chief executive Vance Arkinstall says it is unlikely ‘corporate spies’ broke into NZ Funds Management offices in the ANZ Centre in Auckland.

"A number of ISI members have significantly larger amounts of funds under management than NZ Funds and would have no cause to be involved in any attempted security breach," he says in a statement.

"Certainly it is highly unlikely that a competing organisation would risk their reputation by engaging in such illegal actions."

Earlier story
Burglars break into leading fund manager's offices

Sorted a winner
The Retirement Commission's new financial planning web site
www.sorted.org.nz has been named the best New Zealand finance web site.

It won the best finance site category recently at the annual Netguide Web Awards.

The judges said "the site promises to live up to its name - to get you sorted on money matters - and it does it well. "We found ourselves having fun using some of the excellent features on the site and even rethinking and comparing some of our own personal finances. We especially liked the excellent easy-to-follow navigation menu, which many finance sites find difficult."

Macquarie continues to expand
Macquarie has acquired the retail stockbroking business BNP Paribas Equities Private, which has offices in Brisbane, Sydney, Melbourne, Perth and Gosford.

Macquarie also has the rights to acquire BNP's margin loan portfolio, discretionary portfolio management, premium portfolio services and cash management accounts.

« Rich sets off on a new courseSovereign takes regulation bull by the horns »

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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 6.19
HBS Special - - - 5.89
Heartland 6.70 7.00 7.25 7.85
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 6.19
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 6.19
SBS Bank Special - - - 5.89
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 -
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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: 5 September 2014 4:23pm

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