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Annual awards

Good Returns is closing down over the Christmas break and will be back early in 1998 with all the latest news and information from the financial services industry.

Tuesday, December 23rd 1997, 12:00AM

by Philip Macalister

Good Returns is closing down over the Christmas break and will be back early in 1998 with all the latest news and information from the financial services industry.
Till then the staff at Good Returns will be surfing at the beach rather than the 'net.
To all of you out there we wish you a Merry Christmas and a prosperous New Year. May you have many Good Returns in 1998.

With another year drawing to an end it's time to look back and, in the finest tradition, acknowledge some of the high (and low) lights of the past year. Good Returns has chosen to mark this occasion with its inaugural annual awards (and a few questions):

The Asterix Award: Doesn't the IAFP remind you of that little Gaulish village where they have those big community brawls (maybe that's what inclusive means)? Is CFP really the magic potion and will they have the big banquet in the end and all live happily ever after (until the next story)?

The Wonky Crystal Ball Award: Sovereign again picks up this award for its immaculate timing of when the sharemarket is going to crash. No sooner does it announce a planned sharemarket float and the market tanks. Better luck next time boys.

The Eloping Award: Spicers Financial Services and New Zealand Financial Planning got engaged during the year and are sharing the back office (don't ask what's going on out there). Maybe next year they will be getting presents, rather than awards, as engagements normally lead to marriage.

The Murray Weatherston Special Award: The question on everyone's lips early this year when Murray resigned from the IAFP was who's going to take over the role of association watchdog? The answer is Gary Stevens, and for that he receives a special award.

Long Service Awards: Both Equitable Life and Reeves Moses celebrated 25 years in business this year. Well done.

The Unsolved Mystery of the Year Award: Did Deloitte's really know what they were taking on when they took over as IAFP's corporate managers? And if so why did they do it?

The Misnamed Product of the Year Award: Should the Aegis master trust not have been called Ages?

The Exxon Valdez Award: Southpac, once the supertanker of the funds management industry, finally hit the reef this year.

« Public Trust ownership heads for courtGet your tax questions answered online »

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AIA - Back My Build 6.19 - - -
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CFML Loans 9.45 - - -
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China Construction Bank Special - - - -
Co-operative Bank - First Home Special - ▼7.09 - -
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Co-operative Bank - Standard 8.40 ▼7.79 7.39 7.25
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
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Heartland Bank - Reverse Mortgage - - - -
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HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.85 6.59
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Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.35 7.89 7.65
Kiwibank - Offset 8.50 - - -
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Median 8.64 7.45 7.37 6.77

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