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Last Article Uploaded: Monday, February 26th, 6:34PM

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Goldman reportedly eyeing JB Were, The equation for Tower's shareholders is how to put four into three, Last chance for FPIA Early Bird special, BNZ takes the double.

Monday, February 24th 2003, 6:45AM

Reports in an Australian newspaper that Goldman Sachs is ready to take a 50% stake in J B Were remain unconfirmed.

The AFR has reported that Goldman Sachs is poised to take 50% stake for "several hundred million dollars" and that Goldman's head of Asian operations, Richard Gnodde, had been in Australia last week to hammer out details of the deal.

J B Were has made no comment on the report.

And then there were four
Just four candidates are in the running for three vacant board seats at Tower after two candidates pulled out.

Late last week former chairman Colin Beyer withdrew from the race saying he was not putting himself up for re-election. New candidate Derek Kirke also withdrew from that race.

In the running are; Tony Gibbs and Gary Weiss representing Tower's largest shareholder, GPG, Hutton Peacock and Don Baskerville.

Tower's annual meeting is on March 27.

Time running out
Time is running out to save money on your registration for this year's Financial Planners and Insurance Advisers Association annual convention.

The early bird special is due to finish at the end of this month (Friday).

Registration can be made either online here, by using the brochure which was in the latest issue of Adviser magazine.

More conference details can be found here.

FundSource conference
Another conference coming up in March is the FundSource investment conference. For details of speakers
click here.

BNZ takes the double
BNZ Investment Management has won the double adding the Morningstar Fund Manager of the Year award to the FundSource one it won late last year.

Other finalists for the top Morningstar award, announced on Saturday, were ANZ Investment Services and ING.

BNZ achieved a strong performance in the sector awards too, winning international shares and fixed interest and being a finalist in the New Zealand fixed interest, New Zealand/Australian equities and mortgages sectors.

Morningstar said BNZ's investment management team, which has been stable for several years, adds value by combining original analytical research with excellent risk management systems and disciplines. BNZ's style of equities management is biased towards value and other sectors are managed with clearly defined parameters.

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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 7.45 7.05 6.85
ANZ 8.64 7.99 7.49 7.35
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.39 6.89 6.75
ASB Bank 8.64 7.39 6.89 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 - ▼7.29 ▼6.85 ▼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 ▼7.89 ▼7.45 ▼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 - 7.15 - -
Co-operative Bank - Owner Occ 8.40 7.35 6.89 6.75
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.85 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 -
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 6.85 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.59 7.29
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 8.35 7.89 7.65
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 7.35 6.89 6.75
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 7.90 7.39 -
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 7.95 7.45 7.29
SBS Bank Special - 7.45 6.95 6.79
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 7.05 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 8.19 7.55 7.55
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 7.39 6.75 6.75
Unity 8.64 6.99 6.85 -
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 7.45 7.37 6.77

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