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: Sunday, February 25th, 5:15PM

News

rss
Latest Headlines

News Round Up

NZX - Sex or shares?, Money Managers says it's fine, Special FPIA Convention offer, One fund less.

Sunday, June 15th 2003, 8:47PM
The Stock Exchange wants to be the poster-boy of the New Zealand market with its new name NZX (supported by an advertising campaign) but it seems it’s facing some stiff competition.

It’s not up against the Australian exchange, rather it seems there is an R18 magazine called NZX – New Zealand Sex which has been promoting itself around Auckland.

According to a complaint made to the Advertising Standards Complaints Board the mag has a billboard replicating the cover of NZX magazine in Mt Eden, Auckland. The complaint described the billboard, which had pictured Kiwigirl Shelly in a revealing bodice and Kiwigirl Kate clad in black leather, as “blatantly offensive and wanted something done about it.

For the record the board didn’t accept the complaint. We wondered what exchange’s poster boy Mark Weldon thought of the competition – we’re still waiting for the call to be returned.

Money Managers responds
Money Managers boss Doug Somers-Edgar has included an open letter to clients in the firms latest newsletter assuring them the company isn’t going bust.

In the newsletter he says Money Managers has been the target of criticism from competitors and the media and that often these groups embark on campaigns of “misinformation”.

“One of the current favourites is that Money Managers is about to go out of business.”

He says this is untrue and the company has never had any debt.

“Despite persistent attempts by competitors at misinformation, Money Managers remains a leading investment innovator,” he says.

Special FPIA Offer
Register for the Financial Planners and Insurance Adviser Conference online before the end of the month and go into a draw to win a $50 book voucher from Good Returns.

This voucher can be used to buy any of the books listed in the shop including texts required for the financial planning courses at Massey, or it can be put towards your Asset magazine subscription/renewal.

Also if you enrol before the end of the month you will benefit from a lower registration fee of $495.

Good Returns is pleased to support this year’s Success Forum, which is being held in Rotorua from July 24-26.

Register here
Find out more about the convention here

One less fund
Orion New Zealand Limited and Infratil have decided to pull out of the Government’s Venture Investment Fund (NZVIF) because of changes within their IO Fund joint venture.

The fund says it will fully repay NZVIF funds drawn down to date, plus interest and costs. Funds previously committed to the IO Fund under the NZVIF Programme now will be freed up for NZVIF investment in other VIF Seed Funds.

“The $20 million freed up by the IO Fund buyout will be added to the $15 million currently available, meaning $35 million will now be available for investment in VIF Seed Funds,” NZVIF chairman John Grant says.

The other VIF Seed Fund managers selected are: No 8 Ventures, Endeavour i-cap and TMT Ventures, with iGlobe Treasury Funds shortly to complete its documentation.

« Equities on the turnSovereign takes regulation bull by the horns »

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 7.45 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 7.95 7.65 7.45
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

Last updated: 23 February 2024 11:59am

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