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[The Wrap]

For those of you back on deck, welcome back. 2019 will, I think I can boldly predict, be an interesting year with many challenges for the financial services industry.

Friday, January 18th 2019, 2:07PM

The first, unless markets tank, is only weeks away when the Reserve Bank and Financial Markets Authority release their conduct report on life insurance companies.

If I had to make a prediction, and I will, is that it will be much tougher in language than the bank conduct report. Also commissions will be a highlight. The Reserve Bank has flagged as much in its final monetary policy statement last year.

The mainstream media will have a field day beating up life insurance advisers. But I would encourage you to read Graeme Lindsay’s piece in ASSET which is due to hit your desks soon.

Also not far off will be the Tax Working Group's report. This is bound to cause a lot of debate. Again I would recommend you read Anthony Edmond's piece in ASSET Magazine on TWG.

The main commentary will be around capital gains tax and property investment, but don't be surprised if it contains other recommendations which impact asset classes financial advisers use with their clients.

And of course we have the Financial Services Legislation Amendment Bill and its supporting pieces; the Code of Conduct and Disclosure regulations to add into the mix.

This is what we know now. Who knows what else lies ahead in 2019?

Our goal at Good Returns is to keep advisers up to speed with all the changes going on and to help you navigate through what is happening. We look forward to continuing to be the leading news provider for advisers in New Zealand, whether its investments, life insurance or mortgages. 

Tags: Opinion

« [The Wrap] Gotta love disruption; New life for old war horse; What we weren't meant to tell you aboutProduct commission – Is it justified? »

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Lender Flt 1yr 2yr 3yr
AIA 4.55 3.19 3.19 3.49
AIA Special - 2.69 2.69 2.99
ANZ 4.44 3.15 3.25 ▼3.39
ANZ Special - ▼2.55 ▼2.69 ▼2.79
ASB Bank 4.45 3.19 3.19 3.49
ASB Bank Special - 2.69 2.69 2.99
Bluestone ▼3.49 ▼3.49 ▼3.49 ▼3.49
BNZ - Classic - ▼2.55 2.69 2.99
BNZ - Mortgage One 5.15 - - -
BNZ - Rapid Repay 4.60 - - -
BNZ - Std, FlyBuys 4.55 3.25 3.29 3.59
Lender Flt 1yr 2yr 3yr
BNZ - TotalMoney 4.55 - - -
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 4.75 4.75 -
Credit Union South 5.65 4.75 4.75 -
First Credit Union Special 5.85 3.35 3.85 -
Heartland 3.95 2.89 2.97 3.39
Heartland Bank - Online - - - -
Heretaunga Building Society 4.99 4.35 4.45 -
HSBC Premier 4.49 2.60 2.65 2.80
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 3.99 2.58 2.68 2.79
Kainga Ora 4.43 3.29 3.39 3.85
Kiwibank 3.40 3.40 3.54 4.00
Kiwibank - Capped - - - -
Kiwibank - Offset - - - -
Kiwibank Special 3.40 2.65 2.79 3.25
Liberty 5.69 - - -
Nelson Building Society 4.95 3.45 3.49 -
Pepper Essential 4.79 - - -
Lender Flt 1yr 2yr 3yr
Resimac 3.49 3.45 3.39 3.69
SBS Bank 4.54 3.29 3.19 3.49
SBS Bank Special - 2.79 2.69 2.99
The Co-operative Bank - Owner Occ 4.40 ▼2.69 ▼2.75 ▼2.99
The Co-operative Bank - Standard 4.40 ▼3.19 ▼3.25 ▼3.49
TSB Bank 5.34 ▼3.35 3.49 3.79
TSB Special 4.54 ▼2.55 2.69 2.99
Wairarapa Building Society 4.99 3.75 3.99 -
Westpac 4.59 4.15 4.09 4.49
Westpac - Offset 4.59 - - -
Westpac Special - ▼2.55 2.69 2.79
Median 4.55 3.19 3.22 3.39

Last updated: 13 July 2020 7:38am

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