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Documents shorter but still dense

New product disclosure statements that were meant to be easier to understand still contain a large number of specialist financial terms, researchers say.

Tuesday, August 22nd, 5:59AM

Research by associate professor Aaron Gilbert and Ayesha Scott at AUT Business School Department of Finance has shown, on average, KiwiSaver PDS documents delivered under the new Financial Markets Conduct Act framework are significantly shorter and contain simpler language when compared with the prospectuses and investment statements they replaced.

But even the simplified product disclosure statements require a high level of literacy...MORE»

Strategi launches KiwiSaver course

Sunday, August 20th, 7:35PM

Strategi has launched an NZQA-accredited course for people who want to offer advice on KiwiSaver.

MORE»

KiwiSaver knowledge too low: Survey

Monday, August 7th, 6:00AM

Fewer than one in four New Zealanders are confident in their knowledge of KiwiSaver, a sign that the industry could do better, one bank economist says.

MORE»

 

Previous News

Kiwi Wealth mints responsible KiwiSaver solution

Thursday, August 3rd, 8:45PM

Kiwi Wealth has developed its own index fund, which it says will allow its KiwiSaver scheme to have more flexibility to generate better returns, improve tax efficiency and address responsible investment concerns.

MORE»

Growth funds shine again: Morningstar

Wednesday, August 2nd, 8:03PM

Growth KiwiSaver funds performed strongly again in the June quarter, Morningstar's latest research shows.

MORE»

Performance fees boost managers' earnings

Wednesday, August 2nd, 5:59AM

Performance fees have helped to lift the fee revenue claimed by fund managers Milford and Fisher Funds.

MORE»

Booster buys into wine

Wednesday, July 26th, 8:42PM

KiwiSaver firm Booster has made a direct investment of capital into a wine company.

MORE»

ANZ launches scheme to help retain KiwiSaver clients

Friday, July 14th, 6:00AM

ANZ is launching a new system through which it hopes to hold on to more of its KiwiSaver members.

MORE»

MORE NEWS»

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 5.79 5.05 ▼5.25 5.59
ANZ Special - 4.55 ▼4.75 -
ASB Bank 5.80 4.85 5.19 5.49
ASB Bank Special - 4.45 4.79 5.09
BankDirect 5.80 4.85 5.19 5.49
BankDirect Special - 4.45 4.79 5.09
BNZ - Mortgage One 6.50 - - -
BNZ - Rapid Repay 5.95 - - -
BNZ - Special - 4.59 4.79 5.09
BNZ - Std, FlyBuys 5.90 4.99 5.29 5.59
BNZ - TotalMoney 5.90 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.15 5.45 5.50 -
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 5.00 5.20 -
Housing NZ Corp 5.79 4.85 5.24 5.49
HSBC Premier 5.79 4.09 4.29 4.89
Lender Flt 1yr 2yr 3yr
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 5.80 4.59 4.69 5.09
Kiwibank 5.80 4.95 5.29 5.59
Kiwibank - Capped - - - -
Kiwibank - Offset 5.80 - - -
Kiwibank Special - 4.45 4.79 5.09
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
Lender Flt 1yr 2yr 3yr
RESIMAC Special 5.00 - 4.75 -
SBS Bank 5.89 4.99 5.29 5.59
SBS Bank Special - 4.59 4.85 5.25
Sovereign 5.90 4.85 5.19 5.49
Sovereign Special - 4.45 4.79 5.09
The Co-operative Bank - Owner Occ 5.75 4.59 ▼4.79 ▼5.09
The Co-operative Bank - Standard 5.75 5.09 ▼5.29 ▼5.59
TSB Bank 5.80 4.80 5.15 5.45
TSB Special - 4.55 4.79 4.99
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.95 4.99 ▼5.19 5.59
Lender Flt 1yr 2yr 3yr
Westpac - Capped rates - 5.26 5.36 -
Westpac - Offset 5.95 - - -
Westpac Special - 4.59 ▼4.79 5.09
Median 5.80 4.85 5.15 5.38

Last updated: 21 August 2017 10:06am

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The maximum remuneration model for Australian life insurance advisers is to be set at what?

Upfront 40% + trail 20%

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