tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, June 24th, 9:32AM

News

rss
Latest Headlines

Weekly briefs

Faster master trust growth, Equitilink retiring, New non-bank mortgage player and Adviserlink gets NZQA status.

Sunday, May 3rd 1998, 12:00AM

by Philip Macalister

Faster master trust growth
Master funds in the Eriksen and Associates survey of the sector have recorded average growth of 35 per cent in the past year.
AMP’s New Zealand Retirement Trust continues to be the fastest growing master trust. It and Tower’s Enterprise Plan grew at a rate of 10 per cent in the March quarter.
Tower has BT as an investment manager option and is bringing in ANZ and BNZ as further investment options.
The Eriksen survey for the March quarter shows master trusts had a total of $1290 million in funds under management and the average return in the past year was 11.7 per cent, net of tax and expenses. Tower’s Focus International Share fund was the top performer, recording a 28.9 per cent return in the period.

Equitilink retiring
Equitilink has retired as the fund manager of its Australian-based retail unit trusts and have passed the role to Challenger Life. Equitilink will still remain as the underlying investment manager to the various funds. Equitilink's New Zealand office will remain providing support to investors and advisers who use the retail unit trusts in conjunction with their wholesale funds.

BT funds new mortgage player
Interstar, one of Australia’s biggest non-bank wholesale housing lenders, is to start offering real estate finance to the retail market through LoanPlan, Auckland’s largest mortgage broking company.
Although Australian owned, Interstar in New Zealand will be a local operation funded from New Zealand capital markets, using local lawyers, brokers and valuers.
Bankers Trust New Zealand Limited will provide funding facilities and will assist in a bond issue for Interstar later this year. Interstar currently has $ 1.5 billion in managed assets, and its bonds have a ‘AAA’ rating from Standard and Poors in Australia.
"Interstar has worked with Bankers Trust Australia for many years," says Bankers Trust New Zealand’s chief executive John Macfarlane. "It is a relationship that has worked well. It’s clear that the New Zealand market is diversifying into non-bank mortgages. Our role in this venture is to add value and to facilitate Interstar’s business in this part of the world."

Adviserlink gets NZQA status
Adviserlink is the first specialist education and training provider to the financial services industry to be awarded private training establishment (PTE) status by the New Zealand Qualifications Authority.
Adviserlink manager Christine Winter says the accreditation will enhance the credibility of financial advisers’ qualifications.
Its registration as a PTE follows stringent application procedures, and will be reviewed on an annual basis. The registration also carries a commitment to continual maintenance, review and improvement of policies and procedures.

« Property on trackGet your tax questions answered online »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Weekly Wrap

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 6.39
ANZ 8.64 7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - ▼6.99 ▼6.49 ▼6.29
ASB Bank 8.64 7.14 6.75 6.39
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.14 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.74 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 6.79 - -
Co-operative Bank - Owner Occ 8.40 6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.89 6.55 6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.69 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.74 7.35 6.99
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 6.99 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.65 7.25 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.74 7.09 6.95
SBS Bank Special - 7.14 6.49 6.35
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.14 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 7.79 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 6.99 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 7.84 7.35 6.99
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.24 6.75 6.39
Median 8.64 7.19 7.17 6.65

Last updated: 20 June 2024 10:39am

About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
 
Site by Web Developer and eyelovedesign.com