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Another new name for Rothschild, New property trust happening, Forestry scheme banned, Winner announced.

Monday, November 4th 2002, 1:43AM

If you're still trying to grapple with Rothschild's new name, Sagitta forget it.

Westpac, which bought the business earlier this year, has decided to dump the new name and rebrand the business after its latest acquisition BT Funds.

Westpac has admitted that renaming Rothschild three months ago was a costly mistake.

The BT brand for the combined wealth management business of the bank will be rolled out in the second quarter of next year.

Westpac's head of wealth management David Clarke says that there has been some brand damage (mainly in Australia) to BT in the past 12 months, but of all the brands the bank owned BT was by far the best recognised.

New property trust
A new property trust owning Auckland real estate is seeking $25 million from the public and plans to list on the Stock Exchange.

The Paramount Property Trust is essentially the new name for privately owned Auckland developer Symphony Group.

Symphony, whose directors include former Chase chairman and chief executive Colin Reynolds, has developed 20 property projects worth $400 million since starting in 1992.

Symphony director Chris Minty says Paramount will buy Symphony properties and be managed by Symphony through a wholly owned subsidiary.

Paramount, to be chaired by Symphony director Dr Robin Congreve.

Forestry investment banned


The Securities Commission has banned advertisements for a forestry investment scheme being illegally offered by NZ Forestry Investments Limited.

The commission banned advertisements for the scheme because in its opinion they do not comply with the law. To be promoted in New Zealand the scheme must have a registered prospectus and an investment statement. These documents are not available.

The scheme has been promoted in the past two months, particularly in the Bay of Plenty. Investors have been invited to purchase shares at a cost of $5,200 each. The shares are described as being in a company called NZ Forestry Investments (No 3) Limited. No company with that name has been registered with the New Zealand Companies Office.

Anyone who has already applied for shares in the scheme is legally entitled to a return of their subscription.

The winner is...
The winner of the Good Returns readership survey is Rebecca Sellwood in Wellington. Sellwood has won a case of wine worth more than $300.

« BNZ crowned king - againSovereign takes regulation bull by the horns »

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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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