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Last Article Uploaded: Thursday, May 28th, 8:47PM
News Bites

Receivers called in

Thursday, May 28th, 6:21PM

The High Court in Christchurch has granted the Financial Markets Authority’s (FMA) application for Grant Graham and Neale Jackson of KordaMentha to be appointed as receivers and managers of forex firm Arena Capital Limited, trading as Blackfort FX (Arena/Blackfort)... MORE »

NZX gets pass mark

Tuesday, May 26th, 2:21PM

The Financial Markets Authority has confirmed that NZX has complied with its statutory obligations to ensure that its markets are fair, orderly, and transparent... MORE »

Conference nearly full

Tuesday, May 26th, 8:52AM

The National Advisers conference next month is nearly sold out with just 67 tickets left... MORE »

Budget not enough: HFANZ

Sunday, May 24th, 7:26PM

This year’s Budget did nothing to address the need for a better health funding model, the Health Funds Association (HFANZ) says... MORE »

Assets of FX trader seized

Thursday, May 21st, 3:20PM

The FMA is investigating Arena Capital which has been trading as BlackfortFX)... MORE »

Defence Force seeks AFAs

Monday, May 18th, 6:28PM

The New Zealand Defence Force wants financial advisers... MORE »

Cancer cover suits direct market

Monday, May 18th, 6:28PM

It provides a payment of up to $80,000 on a cancer diagnosis... MORE »

Wealth Defender IPO successful

Monday, May 18th, 6:21PM

The company expects to be listed on ASX on May 21... MORE »

CFA putting investors first

Tuesday, May 12th, 8:05PM

The CFA Society is joining its peers around the world and recognising May as Putting Investors First Month... MORE »

Insurance jobs up

Monday, May 11th, 1:13PM

Seek is reporting 40% year-on-year growth in the number of insurance and superannuation jobs advertised on its site... MORE »

NZF in administration

Friday, May 8th, 4:01PM

Former financial services firm NZF has entered voluntary administration... MORE »

PGC seeks $22 million from Bath St Capital

Friday, May 8th, 3:49PM

Pyne Gould Corporation (PGC) today confirmed that it has placed a demand for payment from its sale of Perpetual Trust Limited with Bath Street Capital (BSC)... MORE »

First NZ censured, fined

Wednesday, May 6th, 10:12AM

The NZ Markets Disciplinary Tribunal released a statement this morning, saying the finance house had been found to have breached the rules... MORE »

Complectus completes purchase

Tuesday, May 5th, 1:30PM

Complectus, owner of  Perpetual Guardian, has finalised the purchase of Covenant Trustee Services, which provides corporate trustee and statutory supervisor services to New Zealand businesses, charities and retirement villages... MORE »

Mai Chen sells wills business to Perpetual Guardian

Thursday, April 30th, 7:15PM

Perpetual Guardian has bought Mai Chen’s online wills platform My Bucket List for an undisclosed sum... MORE »

SPI directors fined for breaching financial reporting rules

Thursday, April 30th, 10:58AM

The two directors of SPI Property Fund Limited have today been fined $25,312 each for breaches of the Financial Reporting Act in the Auckland District Court... MORE »

FMOY finalists named

Friday, April 24th, 12:47PM

While you don't hear much about the INFINZ awards it does have categories for Fund Manager of the Year and FMOY - Equities... MORE »

nib adds travel insurance

Wednesday, April 22nd, 6:21PM

Health insurer, nib, has launched its first travel insurance product with a new partnership with global travel insurance provider, World Nomads Group (WNG)... MORE »

NZX consults on market penalties

Monday, April 20th, 1:37PM

NZX is planning to increase the penalties the NZ Markets Disciplinary Tribunal can impose for breaches of the rules... MORE »

What Bridgecorp investors missed out on

Monday, April 20th, 12:34PM

The Fiji resort development that jailed fraudster Rod Petricevic and other Bridgecorp directors poured $106 million is now restarted... MORE »

FMA list reinstated

Sunday, April 19th, 7:43PM

The FMA has reinstated its website list of AFAs... MORE »

MOUs signed

Sunday, April 19th, 7:15PM

FMA has signed memorandums of understanding (MOU) with the Insurance Savings Ombudsman and the Banking Ombudsman Scheme... MORE »

Smartshares adds new funds

Friday, April 17th, 3:49PM

Smartshares, NZX’s Exchange Traded Funds (ETFs) business, has registered a prospectus for the launch of three new ETFs to complement to its existing seven index funds... MORE »

Remarkable pushes The Boat out

Tuesday, April 14th, 2:44PM

Remarkable Capital is bringing an Australian micro and small cap fund to New Zealand financial advisers... MORE »

Super Fund files proceedings

Tuesday, April 14th, 12:33PM

These proceedings, which were filed this morning New Zealand time, challenge the validity of a Bank of Portugal decision which purported to "clarify" that the Oak Finance loan had not been transferred from Banco Espirito Santo to Novo Banco, with retroactive effect... MORE »

Cash player partners with IFA

Friday, April 10th, 3:31PM

RaboDirect has become a Premier Business Partner of the Institute of Financial Advisers... MORE »

AMP partners with Paul Henry

Wednesday, April 1st, 1:01AM  4 comments

AMP is to become the exclusive broadcast partner for MediaWorks’ new programme Paul Henry... MORE »

Eurasia, Nikko announce partnership

Tuesday, March 31st, 12:16PM

Eurasia Group and Nikko Asset Management are partnering to bring Eurasia Group’s proprietary geopolitical risk indicators within Nikko’s multi-asset investment management process... MORE »

Nikko granted MIS licence

Tuesday, March 24th, 9:28PM

Nikko Asset Management has been granted a Managed Investment Scheme licence under the FMCA... MORE »

Elevation Fund lowered

Monday, March 16th, 3:26PM

Elevation Capital Management is closing one of its two unit trusts due to waning investor interest... MORE »

FMA issues AML warning

Thursday, March 12th, 9:40AM

The FMA has issued a formal warning to MSL Capital Markets Limited under the Anti-Money Laundering and Countering Financing of Terrorism Act... MORE »

Trustees Executors gets new platform

Wednesday, March 11th, 5:34PM

Trustees Executors (TEL) has implemented a "next generation wealth management platform" for its KiwiSaver operation... MORE »

AML warning

Friday, March 6th, 10:24AM

JPMorgan Chase in New Zealand has been issued with a formal warning under the AML/CFT Act... MORE »

What happened in the markets last month?

Monday, March 2nd, 5:03PM

It's interesting to see Australian shares did well, while most of the bond indicies produced red ink... MORE »

Accuro donation

Friday, February 27th, 8:43PM

Accuro marketing and sales manager Kelleigh Aston said there was close synergy between the SPCA and Accuro in using their resources to improve health and care for lives... MORE »

NZX50 gets rebrand

Friday, February 27th, 4:12PM

The agreement will see the two parties collaborate on the development and commercialisation of the New Zealand index business across equity and fixed income securitie and see the NZX50 rebranded the S&P/NZX50... MORE »

FMA warning

Friday, February 27th, 10:08AM

The FMA is encouraging people to seek financial advice –not invest in vehicles offering “risk-free” returns... MORE »

Magellan launches listed version of fund

Thursday, February 26th, 11:14PM

Magellan is launching a listed version of its highly successful global equity fund... MORE »

AMP adviser training by numbers

Tuesday, February 24th, 1:56PM

AMP managing director Jack Regan says there is a "significant improvement" in the way financial advisers are giving advice... MORE »

Finalists revealed

Monday, February 23rd, 1:43PM

Morningstar has revealed the finalists for its Fund Manager of the Year awards... MORE »

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 6.74 5.59 5.59 5.59
ANZ Special - - 5.39 -
ASB Bank 6.75 5.99 5.99 ▼5.99
ASB Bank Special - ▼5.35 5.39 ▼5.39
BankDirect 6.75 5.99 6.09 ▼5.99
BankDirect Special - ▼5.35 5.39 5.39
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Special - - - -
BNZ - Std, FlyBuys 6.74 ▼5.35 5.39 ▼5.49
BNZ - TotalMoney 6.74 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.95 5.99 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.69 5.39 5.69
HBS Special - 5.59 5.35 5.35
Heartland 6.70 7.00 7.25 7.85
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.70 5.70 5.40 -
Housing NZ Corp 6.74 5.70 5.99 6.29
HSBC Premier 6.84 5.65 5.65 5.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.29 5.29 5.29
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 5.39 6.09 6.29
Kiwibank - Capped - - - -
Kiwibank - Offset 6.55 - - -
Kiwibank Special - - 5.39 5.39
Liberty - - - -
Lender Flt 1yr 2yr 3yr
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 6.29
Perpetual Trust 7.70 - - -
Resimac 6.59 5.88 5.86 5.90
SBS Bank 6.65 5.69 5.39 5.69
SBS Bank Special - 5.59 5.35 5.35
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 5.99 6.09 ▼5.99
Sovereign Special - 5.10 5.39 5.39
The Co-operative Bank 6.70 ▼5.29 5.39 5.49
Lender Flt 1yr 2yr 3yr
TSB Bank 6.74 ▼5.55 ▼5.55 ▼5.75
TSB Special - - 5.29 5.40
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 ▼5.59 ▼5.59 ▼5.59
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - 5.25 5.39 -
Median 6.70 5.70 5.65 5.69

Last updated: 27 May 2015 7:54am

News Quiz

Along with Good Shepherd NZ, Ministry of Social Development and The Salvation Army which bank is involved with the No Interest Loan Scheme (NILS)?







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