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Financial Advice NZ acknowledges frustrations

Financial Advice NZ has acknowledged advisers' frustration at the time it has taken to establish the new professonal association.

Wednesday, December 27th 2017, 6:00AM

by Susan Edmunds

In her latest update, chair Sue Brown said she had heard comments about how it had taken some time for progress to be seen.

"But I do want to assure you that much has already been achieved - in aligning the various parts of the industry behind this vision through consultation and conversations, in planning the work needed for a successful launch and in getting under way with that work."

She said it would continue to engage with stakeholders through the establishment phase to ensure sound and considered decision-making.

"With the planning phase now complete, 2018 will be the year when Financial Advice New Zealand, and the benefits membership will bring both for advisers and for the people of New Zealand, will become real for you.

"Just a few years ago, an initiative such as Financial Advice New Zealand would have been impossible – it is now within a few months of becoming a reality. You can be proud of the vision and foresight and tenacity that has led to this point."

She revealed the make-up of the new member advisory committees, which will represent the various advice strands.

  • Financial planning: David Mason, Charlene Overell, Paul Sewell and Nigel Tate.
  • Investments: Joe Byrne, Michael Courtney, Tim Fairbrother and Liz Koh
  • Lending: Suzanne Isherwood, Joel Oliver, Hamish Patel and Sandra Spence
  • Risk Insurance: Bree Catterall, Cecilia Farrow, Peter Rickards and Regan Thomas

Brown said they would start their work in February.

Tags: Financial Advice New Zealand financial advisers Sue Brown

« Consilium reports super-charged growthCommittee members to lobby for advice strands »

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 4.69 4.85 4.99
ANZ Special - 4.19 4.35 4.49
ASB Bank 5.80 4.59 4.75 4.79
ASB Bank Special - 4.19 4.35 4.39
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.19 4.35 4.49
BNZ - Std, FlyBuys 5.90 4.89 5.05 5.25
BNZ - TotalMoney 5.90 - - -
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
Lender Flt 1yr 2yr 3yr
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 4.90 4.95 -
Housing NZ Corp ▲5.80 ▼4.69 ▼4.79 ▼4.79
HSBC Premier 5.89 3.99 4.19 4.69
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.69 4.89 5.35
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.19 4.39 4.85
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.19 4.49 4.85
Sovereign 5.90 4.59 4.75 4.79
Sovereign Special - 4.19 4.35 4.39
The Co-operative Bank - Owner Occ 5.75 ▼4.19 ▼4.39 ▼4.49
The Co-operative Bank - Standard 5.75 ▼4.69 ▼4.89 ▼4.99
TSB Bank 5.80 4.74 4.79 4.99
TSB Special - 4.24 4.29 4.49
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 ▼4.69 ▼4.79 ▼5.19
Westpac - Offset 5.95 - - -
Westpac Special - 4.29 ▼4.35 ▼4.49
Median 5.89 4.69 4.79 4.85

Last updated: 21 September 2018 11:16am

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