About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds Other Sites:   tmmonline.nz  |   landlords.co.nz
Last Article Uploaded: Wednesday, September 18th, 6:55PM
rss
Latest Headlines

Weekly Wrap: PackING it in

The big news story of the week is undoubtedly the closure of ING's credit funds. This is something that will galvanise attention on this part of the market, and possibly distract people from the finance company sector.

Friday, March 14th 2008, 3:30PM
For some time now it has been clear there are problems in this space, what's more there are a good handful of players with products which combined have many hundreds of millions of dollars invested in them.

Another big piece of news – which Good Returns broke – was the NZ Super Fund making its chief investment office Paul Dyer redundant. This is major, as here you have a guy responsible for more than $13 billion of our money being shown the door. We would like to know more about what is happening at the fund and whether it is changing its investment strategy.

Till now we have always said the fund is a great example of how to invest for the long term.

Blog

Attention shifts to credit funds
As I mentioned in today's Weekly Wrap the indefinite closure of ING's credit funds is likely to galvanise attention onto this sector of the market and away from finance companies (unless we have another big one fall over). [more]

Sticking with people news, the previous Blog on changes at Fisher Funds has attracted a huge amount of response. Have a read here.

This week we reported that Fisher Funds has a new analyst. Also in People this week we have one of New Zealand's top young planners moving to a new firm and the former head of Mercer chairing an emerging advisory business.

One of the fascinating stories recently, revolves around the developing competition between various adviser bodies for members and APB status. David Chaplin has an excellent story on Good Returns this week outlining what the Institute of Chartered Accountants is thinking. It's well worth a read as it puts the story into context, which is something no-one else has done.

There's also competition going on in another area of the market, with the Professional Advisers Association offering NZMBA members an alternative.

In our Insurance News section we have the latest Cover Notes, which updates you on happenings around that part of the market.

KiwiSaver is going to have a much higher prominence in the next month or so, and there will no doubt be a jump in enrollments when the compulsory employer contributions kick in on April 1. An IRD-authored report on the first six months of KiwiSaver was released yesterday. We report on that today and one of the interesting things is the number of people who are selecting their own managers.


Get your own copy of the Weekly Wrap delivered directly to your inbox each Friday. Click here to join the mailing list.

« Most people picking their own KiwiSaver managersSovereign 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

MORE NEWS»

Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.15 4.09 4.49
ANZ Special - 3.65 3.59 3.99
ASB Bank 5.20 4.15 4.09 4.39
ASB Bank Special - 3.65 3.59 3.89
BNZ - Classic - 3.65 ▼3.54 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
China Construction Bank 5.50 4.70 4.80 4.95
China Construction Bank Special - 3.19 3.19 3.19
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
Housing NZ Corp 5.19 ▼4.15 ▼4.09 ▼4.39
HSBC Premier 5.24 3.35 3.35 3.35
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 4.30 4.34 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - 3.55 3.59 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 5.30 4.86 4.14 4.19
Lender Flt 1yr 2yr 3yr
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.69 3.69 3.99
Sovereign 5.30 4.15 4.29 4.55
Sovereign Special - 3.65 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.65 3.59 3.99
The Co-operative Bank - Standard 5.15 4.15 4.09 4.49
TSB Bank 6.09 4.65 4.59 4.85
TSB Special 5.29 3.85 3.79 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Lender Flt 1yr 2yr 3yr
Westpac - Offset 5.34 - - -
Westpac Special - 3.65 3.59 3.99
Median 5.35 4.15 4.09 4.19

Last updated: 16 September 2019 10:03am

News Quiz

The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

Upfront 50% + trail 10%

Upfront 50% + trail 20%

Upfront 60% + trail 10%

Upfront 60% + trail 20%

MORE QUIZZES »

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