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One story, which we have in SuperTalk, that is very significant is the Minister of Revenue, Peter Dunne, suggesting KiwiSaver should become compulsory.
The Good Returns Mortgage Centre has reports on what is happening with home loan rates. One of the big banks is hiking fixed rates (from tomorrow) and others are expected to follow. In around a month the two-year rate has gone up more than 40 basis points in many cases. These are big hikes.
The other main story advisers should read is further changes to commissions paid to brokers. Today's story highlights changes being made by Westpac, Sovereign and Bluestone.
Related to the mortgage world is what's happening in the housing market. ASB put out its regular housing market sentiment survey this week. Our interview with economist Nick Tuffley makes insightful reading. You can read it at landlords.co.nz.
Tax is a topic of the moment again this week. We ran a story on how the new FDR regime impacts returns on international shares and bonds. A full set of numbers to go with this story is now live in the Features section. These numbers provide some further detail on expected returns. In addition to that we have had some comment on FDR's impact on returns which we aim to publish next week.
The other tax story run on the site this week was a review of a new book which explains many of the tax changes. We know from reader feedback this has been hugely popular. To find out more about the book read this article. Details on how to order it are on the footer of the story (or just call Amy on 0800-345675).
The latest appointment news includes changes at Arcus and Mercers. You can read those in People.
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