This week we have also had a survey on KiwiSaver fund performance. The survey is a great illustration of how various asset classes have been hammered. Cash and fixed interest funds have done well, while equities and property haven’t.
To see how funds have performed we have added the full survey onto the KiwiSaver part of Good Returns. Well worth a read.
This week’s People news covers Tower and ex Tower people. The firm has a new equity analyst and its former boss has surfaced elsewhere in the industry.
Interest rates and mortgages will no doubt be in the headlines for the next week with the Reserve Bank making its next official cash rate announcement on Thursday. The Good Returns survey of economists shows that they are all unanimous there will be another cut. The magnitude is the only uncertain thing. We have predictions it will be anywhere between 50 and 100 basis points.
Our Mortgage Centre brings you an update on what is happening in this area and also news of a new lender. Meanwhile this Blog looks at what is happening with home loans and suggests we are going back to the old days.
Over in Insurance News we have AIG urging advisers not to switch their business to other carriers.
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