tmmonline.nz  |   landlords.co.nz        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Monday, December 9th, 11:15AM

Mortgages

rss
Latest Headlines

Loan Market gets a bit of Ginger

Ray White-owned mortgage broker group Loan Market has joined forces with newly created insurance group, Ginger.

Tuesday, December 14th 2010, 6:48AM

by Benn Bathgate

Loan Market chief executive David Hart described it as a "win-win for both companies."

 "The partnership will bring benefits to both groups in that we will be able to offer a more comprehensive range of products to our respective clients. Our clients will also have access to products and expertise that they may not have had in the past," Hart said.

Hart also highlighted Ginger Group's insurance industry training systems as among the best in Australasia. He said that at present, when it comes to insurance products "we only offer the bare basics" and that the partnership will greatly expand this range to include specialist insurance products such as specific types of business insurance.

Ginger Group chief executive David Whyte also said both parties would benefit from enhanced scale, allowing them to offer advisers a comprehensive range of products and services and to help ring-fence clients and protect the client-adviser relationship against "incursion" by other institutions.

He said that for the adviser segment scale is becoming essential "in order to deliver a broad range of services their clients need."

Whyte said the current market and increased regulation is making it "more and more difficult for the one man agent to do everything for a client."

He believes further adviser market consolidation is on the way and that deals such as the Loan Market tie up with Ginger Group will "elevate standards across the industry."

Another plus Whyte identified as resulting from greater regulation and consolidation is the increase in business for those left standing.

Citing experience in both the UK and Australia he said "what's left for the guys who stay the course is an abundance of work."

He also highlighted the importance of providing advisers with a wider range of products as helping cement the important advisor/client relationship. As an advisor is able to do more and more for a client, not only are  they more likely to have their services retained but "the client becomes closer and closer to that adviser."

"The relationship that Ginger Group has with advisers is as critical as the adviser-client relationship. It therefore makes a great deal of sense for the two organisations to come together and offer improved scale and scope of service to advisers and their clients," he said.

 

Benn Bathgate is a business reporter for ASSET and Good Returns, email story ideas to benn@goodreturns.co.nz

« NZF loses a BDMANZ confirms head of broker distribution »

Special Offers

Commenting is closed

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News

MORE NEWS»

Most Commented On
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 ▼6.69 ▼6.49 6.49
Kiwibank - Offset 7.25 - - -
Kiwibank Special 7.25 ▼5.79 ▼5.59 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 - ▼5.89 ▼5.49 5.69
SBS Construction lending for FHB - - - -
Lender Flt 1yr 2yr 3yr
SBS FirstHome Combo 4.94 ▼4.89 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.19 6.49 ▼6.39 ▼6.39
TSB Special 7.39 5.69 ▼5.59 ▼5.59
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 7.49 5.84 5.75 5.69

Last updated: 9 December 2024 10:05am

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