Weekly Wrap: Reserve Bank may regulate financial services
For many Good Returns readers this will be the first day back at work – so we thought it useful to provide a Weekly Wrap on a Monday instead of the usual Friday. And of course to wish you a Happy and Prosperous 2006.
Monday, January 9th 2006, 10:34AM
During the holiday period Good Returns has continued to provide readers with news, information and data. This Wrap summaries the main stories – some which are quite significant.
In News
RBNZ may regulate financial services
The Reserve Bank may take over prudential regulation of the insurance, finance company, and superannuation markets. The change is under consideration as part of the Review of Financial Products and Providers (RFPP). [more]
Grey list to go: Cullen
Finance Minister Michael Cullen says the government remains committed to abolishing the “grey list” for offshore investments. [more]
Fisher looks to close discount
Listed investment trust Kingfish is actively working at trying to close the discount between its share price and net asset value. [more]
 |
Maybe we are saving enough? |
PEOPLE
Forsyth Barr fired the bloke who was running its funds management operation just before Christmas. It has also made an appointment in another role.
Kevin Stirrat has joined Forsyth Barr Asset Management.
Forsyth Barr fund manager fired
A top-level fund manager with brokers Forsyth Barr, Stephen Loomans, was fired yesterday after an internal audit uncovered what management describe as "inappropriate activity" in the firm's wholesale funds business. [more]
INSURANCE
AIA tries new tack to promote insurance
AIA uses an old marketing trick from consumer goods market to get people hooked on life insurance. [more]
Gender specific insurance introduced
Sovereign has reviewed its current life insurance product range and made enhancements that recognise and cater to the specific needs of key groups of New Zealanders. [more]
MORTGAGE RATES and NEWS
There have been very few rate changes over the past two weeks, but some interesting stories.
Superbank says business as usual
Superbank's mortgage book and deposit base showed strong growth in the year ended September but it will take longer for it to become profitable than originally projected. [more]
General Finance aims to outdo banks
Demand for higher limits on mortgages, more flexibility and borrowing for multiple properties, mainly in the Auckland area, has prompted General Finance to broaden its mortgage offerings. [more]
Liberty combines home loans
Liberty Financial has combined all its home loan options into a single package under its new Star product. [more]
| « Comment: Why global diversification is good | Weekly Wrap: Adviser Regulation » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
