Good Returns has in-depth coverage of the Budget as it relates to the savings industry – not just one story, along with copies of some of the key Budget documents explaining the changes. In addition to this we have posted some of the responses from various industry groups into the Features section so you can see first hand what others are thinking.
The two
other themes to come through in this week’s News is
a follow-up on the status of APB
talks and the launch of a new
platform/support service for advisers.
Sticking with APBs first. Many people responded to the Blog
on the collapse of the G4 APB concept – you can read
a selection
of comments in the Blog. Keep sending in your feedback
as it is important for all readers of Good Returns
to understand what advisers and industry players are thinking.
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Are
you ready for the KiwiSaver challenge? |
On the
Deposit
taking front we continue to see increases in rates. The main
one this week is from Hanover which has increased rates for
two reasons. One being the recent increase the official cash
rate and the other competitive pressure. We see banks continue
to push up their TD rates and this appears to be impacting
on finance companies and other providers.
One question we have asked is why is the BNZ the only major
bank without an online savings account? After all, it is the
big growth part of the market. The bank’s response is
here.
You can compare rates and see what’s on offer at www.depositrates.co.nz
In People this week we have a new role for Ian Smedly, a new GM at St Laurence Property and Finance and two reappointments on the Securities Commission.
While
many borrowers and home owners are worried about the increasing
mortgage rates we have seen Kiwibank buck the trends this
week. It has cut its fixed rates in an effort to win some
of the refinance business happening at the moment. Kiwibank
remains aggressive in this market and to date none of the
big banks have matched its rates above the line. To see how
sharp the rates are use the comprehensive Good Returns
Mortgage Centre. Here
you can compare and sort rates.
The other related news in this space is that the Budget yesterday
signaled a crack down on property speculators. Good Returns’
sister site Landlords.co.nz
has an indepth story on this.
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2007
Investment Year Book |
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