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Mortgage advisers get a new minister

Paul Goldsmith is now the former Minister of Commerce following Prime Minister Bill English's Cabinet reshuffle.

Monday, December 19th 2016, 6:21AM

Jacqui Dean is the new minister and one of her roles will be to finalise the delayed review of the Financial Advisers Act.

She is the 24th ranked minister and sits outside of Cabinet. Her other roles include; Minister for Small Business, Associate Minister for ACC and Associate Minister of Local Government.

Goldsmith is 19th ranked and moves into Cabinet. He is now is the Minister for Tertiary Education, Skills and Employment, Minister of Science and Innovation and Minister for Regulatory Reform.

Institute of Financial Advisers chief executive Fred Dodds says it's important to take the change positively and to work with Dean to bring her up to speed on issues and to get the review passed into law before the election.

He, like others in the industry, know little about Dean.  Dodds points out that while there is a new minister, there are no changes to the MBIE staff running the review.

He hopes there is not a big pause where the Minister says: "I want to know what this is all about."

"The name of game is to get the act through," he says.

Who is Dean?

Jacqui Dean has been the MP for Waitaki for four terms.

Dean chaired the Justice and Electoral Select Committee, was a member of the Health Select Committee, Commonwealth Parliamentary Association delegate of the 51st Parliament and vice-president for Parliamentarians for Global Action.

As co-chair of the Rules Reduction Taskforce, she has been responsible for liaising with local Government, the building industry, and communities across New Zealand.

Her web profile says "she is passionate about promoting the needs of the smaller communities around the regions and is also a strong advocate for health, tourism, and rural issues."

Before being elected to Parliament in 2005, Dean was a Waitaki District councillor and deputy mayor.

 

Tags: Financial Advisers Act

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.05 3.95 4.49
ANZ Special - 3.55 3.45 3.99
ASB Bank 5.20 4.05 3.95 4.39
ASB Bank Special - 3.55 3.45 3.89
BNZ - Classic - 3.55 3.45 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 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
HSBC Premier 5.24 3.35 3.35 3.35
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 5.15 3.18 3.18 3.20
Kainga Ora 5.18 4.04 3.95 4.39
Kiwibank 5.80 ▼4.14 ▲4.30 4.64
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▼3.39 ▲3.55 3.89
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.25 4.15 -
Pepper Money Near Prime 5.64 - 5.44 5.44
Lender Flt 1yr 2yr 3yr
Pepper Money Prime 5.18 - 4.98 4.98
Pepper Money Specialist 7.59 - 7.39 7.39
Resimac 4.50 4.86 3.89 3.94
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
SBS Bank Special - 3.55 3.39 3.89
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 3.49 3.59 3.89
The Co-operative Bank - Standard 5.15 3.99 4.09 4.39
TSB Bank 6.09 4.35 4.25 4.69
Lender Flt 1yr 2yr 3yr
TSB Special 5.29 3.55 3.45 3.89
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.15 4.09 4.49
Westpac - Offset 5.34 - - -
Westpac Special - 3.55 3.45 3.99
Median 5.34 4.04 4.09 4.39

Last updated: 15 November 2019 4:16pm

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