We have further cuts to two-year fixed rates today with ASB, Bank Direct, Sovereign and AMP all taking 10 points off their rates.
Meanwhile all the adviser associations have bandied together to put pressure on the government to finalise rules around regulation. They are concerned that although the government has said it will allow advisers and brokers selling category two products to become Authorised Financial Advisers (AFAs) this has been written into the act.
For more on this story:
Associations tell Govt to hurry up on fix ups
NZMBA pushes for clarity on authorisation
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