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BT Fun Management, JV doesn't alter the stars, Fidelity joins Russell, SAVE money on Massey books.

Monday, January 28th 2002, 7:33AM
BT Fun Management?
BT has been named the Best Place to Work in a survey run by Unlimited magazine.

The company headed off 86 other companies (including the likes of Microsoft, Xtra, Lion Breweries and McDonalds) to take out the top award.

Unlimited says the things that matter most to employees relate not so much to individual job satisfaction, but to their perceptions of the organisation. "People like the feeling their company is successful, they want to believe in its objectives and to be proud to be part of it. "

JV doesn't alter the stars

Morningstar says it has made no changes to the ratings it has given ING-owned Armstrong Jones and ANZ, following the announcement earlier this month that the bank is planning to outsource its funds management to ING.

AJ currently has a five star rating, while ANZ has three.

Morningstar says before the joint venture can be consummated there are a number of key issues which need to be solved including the fact that both organisations have existing relationships with other managers (ANZ with Frank Russell and GMO, AJ with WestpacTrust).

Morningstar says ANZ customers are likely to benefit under the deal as "AJ and ING Group offer a more stable investment team with demonstrated excellence in funds management."

Fidelity joins Russell
Frank Russell Company has selected the growth manager Fidelity International Limited to manage a portion of the Russell International Shares Fund.

This assignment of $208 million was completed as part of Russell's multiple-manager process, which seeks to emphasise stock selection skill while providing broad diversification.

Fidelity joins Bernstein (value), Capital Guardian (market oriented), The Boston Company (value), Marvin & Palmer (growth), Turner (growth), Westpeak (market oriented) and

Alliance (growth) - taking the number of managers in the fund from seven to eight.

Fidelity's assignment is designed to mitigate the risks associated with country and sector bets.

Save $ on Massey books
Need to buy text books for your financial planning studies at Massey? Then consider buying them through Good Returns NEW bookstore (click here
www.goodreturns.co.nz/books).

Good Returns' bookstore already has a number of the text books required for people studying the BBS endorsed in Personal Financial Planning at Massey. We expect to have the whole range in store soon.

Students who buy more than one book through the store will be given a 10% discount off the regular price. Watch out for more details here, or send your email to books@goodreturns.co.nz if you would like more information.

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.24 6.79 6.65
ANZ 8.64 7.84 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.24 6.79 6.65
ASB Bank 8.64 7.24 6.79 6.65
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 - 7.24 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 7.84 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 - 7.04 - -
Co-operative Bank - Owner Occ 8.40 7.24 ▼6.79 ▼6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.74 ▼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 6.69 6.45 6.19
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 ▼6.75 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 ▼7.39 ▼7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.25 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.25 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.75 7.35 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.30 7.89 7.69
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.30 8.89 8.69
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.84 7.45 7.25
SBS Bank Special - 7.24 6.85 6.65
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.74 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.04 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.24 6.75 6.65
Unity 8.64 6.99 ▼6.79 -
Unity First Home Buyer special - - 6.45 -
Wairarapa Building Society 8.60 7.15 6.85 -
Westpac 8.64 7.89 7.49 7.25
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - 7.29 6.89 6.65
Median 8.64 7.29 7.32 6.65

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