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New Code out; Get Good Returns on the go; More education providers accredited; Empty handed on mutual recognition.  

Monday, July 5th 2010, 5:30AM

The Code MkII out now
The Code Committee released the second version of the Code for financial advisers late on Friday afternoon. The latest code includes changes made by Parliament when it passed the last pieces of legislation setting up the new regulatory environment. Details here

Empty handed on mutual recognition
New Zealand's ministers again raised the issue of trans Tasman recognition of imputing/franking credits with Australian ministers last week - and came away empty handed. [Read More]

ETITO accredits more education providers
Further help is now available for financial advisers seeking authorisation with seven education training providers now ETITO accredited and with the Financial Service Providers Register website being launched last week.

The website contains useful information about the Financial Service Provider regime and the registration process, and from mid July (date to be confirmed) advisers will be able to set themselves up as a user, register as a financial service provider and search the register.

The latest education training providers to offer the National Certificate in Financial Services (Financial Advice) (level 5) (NCFS-5) required for authorisation are the Southern Institute of Technology (SIT), Universal College of Learning (UCOL), UNITEC New Zealand and Waikato Institute of Technology (WINTEC). They join training providers Open Polytechnic, Adviserlink and Strategi.

ETITO manager of strategy and corporate relations Michael Frampton says other providers are also well advanced in accreditation applications including Massey University.

“We’re really heartened by the ever increasing numbers of quality options available to advisers.

“The national training system is gaining momentum and we will do all we can to ensure that it is maintained and continues growth.”

Get Good Returns on the go
Good Returns
now offers you its news specifically for mobile phone users. To keep up to date with happenings while you are away from the office just go to m.goodreturns.co.nz on your mobile phone.

Also you can keep up with thoughts on the industry fy following Good Returns publisher Philip Macalister on Twitter. You can follow him at http://twitter.com/PhilMacalister

 

« No obstacle to NAB bid for AXA in New ZealandKiwiSaver mismatch a 'huge challenge' for advisers »

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  • Advisors must take note of supervisor guidelines on AML/CFT
    “When I read this, the following memory plucked a note. Venue was a US financial planning conference maybe 30 years ago. Speaker...”
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    “@Backstage, thanks. I agree there is no relationship to CoFI, though, from a service perspective, I have two other providers...”
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    “Partners Life has decided to stop using its COM for advisers as it believes the system may breach the CoFI regulations which...”
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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 4.94 - - -
AIA - Go Home Loans 7.49 ▼5.79 ▼5.49 ▼5.59
ANZ 7.39 6.39 6.19 6.19
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 5.79 5.59 5.59
ASB Bank 7.39 ▼5.79 ▼5.49 ▼5.59
ASB Better Homes Top Up - - - 1.00
Avanti Finance ▼7.90 - - -
Basecorp Finance ▼8.35 - - -
BNZ - Classic - 5.99 5.69 5.69
Lender Flt 1yr 2yr 3yr
BNZ - Mortgage One 7.54 - - -
BNZ - Rapid Repay 7.54 - - -
BNZ - Std 7.44 ▼5.79 ▼5.59 5.69
BNZ - TotalMoney 7.54 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.69 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 6.95 5.79 5.59 5.69
Co-operative Bank - Standard 6.95 6.29 6.09 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - ▼5.99 ▼5.89 -
First Credit Union Standard ▼7.69 ▼6.69 ▼6.39 -
Heartland Bank - Online 6.99 ▼5.49 ▼5.39 ▼5.45
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.60 6.65 6.40 -
ICBC 7.49 ▼5.79 ▼5.59 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.25 6.89 6.59 6.49
Kiwibank - Offset 7.25 - - -
Kiwibank Special 7.25 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 7.94 ▼5.75 ▼5.99 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
SBS Bank 7.49 6.95 6.29 6.29
SBS Bank Special - 6.15 5.69 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 4.94 5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.19 6.49 ▼6.39 ▼6.39
TSB Special ▲8.64 ▲6.74 ▲6.49 ▲6.39
Unity 7.64 ▼5.79 ▼5.55 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society ▼7.70 ▼5.95 ▼5.75 -
Westpac 7.39 6.39 6.09 6.19
Westpac Choices Everyday 7.49 - - -
Westpac Offset 7.39 - - -
Lender Flt 1yr 2yr 3yr
Westpac Special - 5.79 5.49 5.59
Median 7.54 5.99 5.89 5.69

Last updated: 6 December 2024 9:11am

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