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: Thursday, September 24th, 11:04AM

News

rss
Latest Headlines

Important update for mortgage advisers

With this week's newsletter I've decided to keep it solely focussed on one topic: The work of the Code Working Group because of its importance to you as an adviser.

Thursday, April 26th 2018, 1:59PM

With this week's newsletter I've decided to keep it solely focussed on one topic: The work of the Code Working Group because of its importance to you as an adviser.

The Code Working Group, or CWG, is tasked with writing a brand new code which all advisers will need to adhere to in the future.

On Good Returns we have run a series of three detailed articles, written by one CWG member, John Berry, in his personal capacity. Also many of your peers have contributed comments to these articles.

What is vitally important is that you take the opportunity to have your say on any of the issues. It doesn't have to be on everything.

Here are some links for you:

Part One: What the CWG is all about and what are the problems it is trying to solve

Part Two: Good advice outcomes, your conduct, what qualifications you may need and more

Part Three: How to submit and also which advisers maybe grandfathered into the new regime

Besides these explanatory pieces there is also concern about the make up of the CWG. There are no advisers there to represent your interests.

You can watch an interview with the Minister of Commerce using this link.

Our mortgage adviser survey which is about to be published in TMM highlights people are concerned about regulatory changes.

While you may think your association or dealer group is representing your interests, the chances are that is wrong. Only one group has publicly front-footed these changes and that is SiFA. It describes what is being proposed as "baloney".

If you do want a say then you need to act quickly as submissions close at the end of the month.

- Philip Macalister
Publisher

Tags: Code Working Group

« RBNZ changes its mind on LVRsBank buster newsletter »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment

 

print

Printable version  

print

Email to a friend
News Bites
Latest Comments
  • Time is running out for 2000 unregistered advisers
    “I suspect there will be some advisers who have assumed they will be welcomed by FAPS with open arms, only to be disappointed...”
    2 days ago by John Milner
  • FSC offers info hub for advisers
    “lol....I wouldn't say I've only just noticed Murray. More a matter of eventually wondering "am I the only one who thinks...”
    2 days ago by Tony Vidler
  • FSC offers info hub for advisers
    “@Tony Have you only just noticed FSC's push to take over and control adviserland? IMHO it's been increasingly happening...”
    3 days ago by Murray Weatherston
  • FMA details Covid-19 response
    “So my immdeiate question here, is how is this different to the earlier article from G Boyes. An adviser didn't classify the...”
    6 days ago by smitty
  • FSC offers info hub for advisers
    “I admire Richard and the work he has done since taking on the FSC role, however I am confused by this increasing noise by...”
    6 days ago by Tony Vidler
Subscribe Now

Mortgage Rates Newsletter

Daily Weekly

Previous News
Most Commented On
Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA 4.55 2.55 2.69 2.79
ANZ 4.44 3.15 3.25 3.39
ANZ Special - 2.55 2.69 2.79
ASB Bank 4.45 2.55 2.69 2.79
Bluestone 3.49 3.49 3.49 3.49
BNZ - Classic - 2.55 2.69 2.79
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.15 3.29 3.39
BNZ - TotalMoney 4.55 - - -
CFML Loans 4.95 - - -
Lender Flt 1yr 2yr 3yr
China Construction Bank 4.49 4.70 4.80 4.95
China Construction Bank Special - 2.65 2.65 2.80
Credit Union Auckland 5.45 - - -
Credit Union Baywide 5.65 3.95 3.85 -
Credit Union South 5.65 3.95 3.85 -
First Credit Union Special 5.85 2.95 3.45 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 3.85 3.95 -
HSBC Premier 4.49 2.45 2.60 2.65
HSBC Premier LVR > 80% - - - -
Lender Flt 1yr 2yr 3yr
HSBC Special - - - -
ICBC 3.69 ▼2.45 2.65 2.79
Kainga Ora 4.43 2.93 3.07 3.24
Kiwibank 3.40 3.30 3.54 3.54
Kiwibank - Offset 3.40 - - -
Kiwibank Special 3.40 2.55 2.79 2.79
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Resimac 3.39 3.35 2.99 3.35
SBS Bank 4.54 3.05 3.19 3.25
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 2.55 2.69 2.75
The Co-operative Bank - Owner Occ 4.40 2.55 2.69 2.79
The Co-operative Bank - Standard 4.40 3.05 3.19 3.29
TSB Bank 5.34 3.29 3.45 3.59
TSB Special 4.54 2.49 2.65 2.79
Wairarapa Building Society 4.99 3.55 3.49 -
Westpac 4.59 3.15 3.29 3.39
Westpac - Offset 4.59 - - -
Westpac Special - 2.55 2.69 2.79
Median 4.55 3.00 3.13 3.02

Last updated: 21 September 2020 10:48am

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