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Sector has to prove its worth

Monday, October 15th 2018, 5:46PM

New Zealand’s financial services sector must prove it deserves the public’s trust – or face the consequences of a situation like the one unfolding in Australia, says the country’s leading financial ethics and integrity association.

CFA Society New Zealand holds its 13th annual Gala Forecast Dinner in Auckland on October 31 and the fallout of the findings by Royal Commission into banking, superannuation and financial services across the Tasman will be the central topic for discussion.

“It’s been a big year for the industry, but not necessarily for the right reasons,” says CFA Society NZ president Jeff Stangl.

“We’re not immune to what’s happening in Australia and public confidence in our financial institutions has been severely shaken. For New Zealand it’s a timely warning that, as a professional sector, we need to lift our game and restore public trust or risk having regulators stepping in to do it for us.”

Sir Bill English is the guest speaker and will discuss his views on how New Zealand finance professionals can help build a better world for investing, trends around the development and management of public assets, the power of data and analytics in driving public policy and how he views the country’s economic progress and development.

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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
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Credit Union Baywide 6.15 4.95 4.95 -
Credit Union North 6.45 - - -
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First Credit Union 5.85 3.99 4.49 -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
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HSBC Premier 5.24 3.35 3.35 3.35
HSBC Premier LVR > 80% - - - -
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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
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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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