News Round Up: March 5

Adviser members prompt ISO shake-up; Partners Life on ISI recruitment list; Domestic v global fixed interest

Monday, March 5th 2012, 6:00AM

by Benn Bathgate

We survey economists to find out what they expect will happen with the OCR this week and where interest rates maybe heading. Full details here

New members prompt ISO shake-up

An influx of new members from the advice community has prompted the Insurance & Savings Ombudsman (ISO) to adopt a new constitution and terms of reference.

Ombudsman Karen Stevens said the changes were made after new participants questioned where they sat within the organisation.

"Having taken on new members, we felt quite strongly that they needed to feel that they were part of the organisation and one of the ways we could reflect that was to have terms of reference and a constitution that specifically catered for them," she said.

"The way the governing documents are now written specifically contemplates that not only do we have insurance and savings members but also financial adviser members, finance companies, a whole range of financial service providers."

Use these links for the new constitution and new terms of reference

Partners Life on ISI recruitment list

Partners Life will be invited to join the Investment Savings & Insurance Association (ISI) later this year.

ISI chief executive Peter Neilson, said the company had expressed an interest in joining but had initially been rebuffed as at that stage it wasn't in operation.

He said the ISI response was to ask Partners' to come back and talk "when you're in business."

Investment Centre: Domestic v global fixed interest

Harbour Asset Management asks the question whether to invest in domestic or international fixed interest markets at the moment. See what it has found out here.

Benn Bathgate is a business reporter for ASSET and Good Returns, email story ideas to benn@goodreturns.co.nz

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