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NZ's Financial Adviser News Centre

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Articles tagged with 'ANZ'

Advisers aid in discounting from headline rates: ANZ

13 May 2024 - Banks' ability to exercise discretionary pricing by charging some customers less than published headline rates is a very important part of banking and competition, ANZ New Zealand chief executive Antonia Watson told the Commerce Commission's conference on personal banking services.

ANZ exits wholesale funds management

3 May 2024 - ANZ Investments to exit Wholesale business and focus on better outcomes for everyday Kiwi investors

ANZ's Zollner: be careful what you wish for on house prices

7 March 2024 - ANZ Bank NZ chief economist Sharon Zollner has some advice for people who want house prices to be more affordable: “be careful what you wish for,” she told the Financial Advice New Zealand's Thrive conference in Wellington.

Much higher OCR not impossible - ANZ

23 February 2024 - Homeowners should consider their ability to service a mortgage that is two to three percentage points above existing rates before taking it on, say ANZ economists.

Former banker comes NZFSG's new CEO

31 January 2024 - New Zealand Financial Services Group (NZFSG) has appointed Baden Martin as its new chief executive.

Paul Gregory to leave FMA

22 December 2023 - Another former NZ Superannuation staffer joins ANZ Investments in a senior role.

ANZ names new CIO

5 December 2023 - ANZ has revealed who will replace Paul Huxford as its chief investment officer.

Weaker than expected

29 November 2023 - ANZ is predicting house prices to fall 0.4% over the rest of the year, versus the 0.2% rise it had previously forecast.

ANZ will continue to sell home loans directly

15 November 2023 - ANZ is still committed to offer loans through its branches although nearly two-thirds of its lending was originated by mortgage adviser channel in the most recent financial year.

ANZ committed to investments and funds management

14 November 2023 - ANZ says it is still working with Mercer and Blackrock to see what expertise it can tap into.

Advisers dominate ANZ's new home lending; TAP is offering discount

13 November 2023 - Mortgage advisers are becoming increasingly dominant in originating home loans as the annual results of the country's largest bank, ANZ Bank New Zealand,...

Mortgage advisers dominate ANZ's new home lending

13 November 2023 - Mortgage advisers are becoming increasingly dominant in originating home loans as the annual results of the country's largest bank, ANZ Bank New Zealand, demonstrate.

ANZ Investments links up with Mercer; CIO leaving

11 August 2023 - ANZ links up with Mercer and Blackrock to grow its business and announces its chief investment officer is leaving.

New fund week

5 August 2023 - The past week has seen three managers launch new funds into the New Zealand market.

Interest rate rises end tailwind

31 July 2023 - If there was a tailwind for housing from dropping fixed mortgage rates, it faded last month, ANZ Bank says.

Don’t count on interest rates falling any time soon

3 July 2023 - The ANZ Bank says it is premature to believe that the Reserve Bank has done with OCR hikes and interest rates won’t rise any further.

House price falls predictions drop

28 April 2023 - ANZ economists have revised down their predictions of house price falls to 18% from 22% previously.

Westpac takes a different approach to ANZ; CCCFA changes again

14 April 2023 - Westpac has followed ANZ and raised its floating rate 40 basis points, but, unlike big blue, it has cut some rates. It raised all fixed rates for terms...

ANZ blinks first

13 April 2023 - ANZ Bank is first big bank to move interest rates following the Reserve Bank's move last week to increase the OCR by 0.50% to 5.25%.

One bank lowers interest rates; House price outlook and comments from new PM

23 January 2023 - Housing policy curve balls and election inertia - what ANZ is seeing and comments from our incoming Prime Minister [READ ON] ASB is the first big bank...

Housing policy curve balls and election inertia

23 January 2023 - Falling house prices mean housing affordability is improving, says the ANZ bank in its latest Property Focus.

ANZ forecasting higher OCR than Reserve Bank predictions

17 January 2023 - The country’s biggest trading bank expects the official cash rate to now peak at 5.75% later this year.

ANZ increases home loan rates

30 November 2022 - ANZ has announced it will increase home loan rates, from today. [READ ON] [SEE THE RATES CHANGE HERE]   ...

Interest rates go up

30 November 2022 - Interest rates are starting to creep up in the wake of last week's monster rise in the Official Cash Rate (OCR).

Don't expect higher commission rates

15 November 2022 - Everyone acknowledges mortgage advisers are having to do more administration work in running their business, but the chances of a pay rise appear pretty much non-existent.

ANZ adds ninth BDM

10 November 2022 - Branch manager joins ANZ's business development manager team.

ANZ cracks $2 billion profit mark

27 October 2022 - The country's largest bank has reported it first ever $2 billion profit on the back of a strong housing market and increased economic activity.

Big blue leads the rate rises

19 October 2022 - Our largest bank, ANZ, has rung the changes with increases to all fixed rates following yesterday's surprise CPI numbers.

Banks not rushing to pass on OCR increases

10 October 2022 - Banks have, somewhat surprisingly, been slow to pass on last weeks 50 basis point OCR increase.

No turning the corner on house prices

30 September 2022 - ANZ economists say house prices will continue falling over the summer and they don’t see any good reasons why the housing market “might suddenly turn a corner over the coming months”.

ANZ makes increases to home loan rates

20 September 2022 - After seeing interest rates fall briefly, the country's biggest bank has now made some hikes.

Bouncy castle deflating

29 August 2022 - The 8% fall in housing prices is probably the half way mark of the housing market’s predicted 15% fall by ANZ Bank.

Tough headwinds and greater fall in house prices

27 July 2022 - The ANZ bank expects house prices to now fall 15% compared to its previous expectation of 12%.

Bank economists agree on another 50 point hike in the OCR

11 July 2022 - There is general unanimity that another big rise in the base interest rate will happen on Wednesday.

Interest rates go higher

21 June 2022 - Mortgage rates are being pushed to new highs as ANZ, New Zealand’s biggest home loan bank, adjusts its rates.

Advisers crack a major milestone

5 May 2022 - Mortgage advisers have cracked a major milestone and originated more than half of ANZ's home loans in the six months to March 31.

The big bank we didn't know about

29 April 2022 - New research shows the Bank of Mum and Dad is a busy little lender which more than competes with some High Street rivals.

ANZ Investments MD now heads up advice firm

12 April 2022 - The former managing director at ANZ Wealth and Private banking is now the chief executive of an Auckland based financial advice group. 

ANZ improves its governance: RBNZ

29 March 2022 - The ANZ has improved a key aspect of its governance, according to the Reserve Bank (RBNZ).

Meet a Young Gun; What's happening with refixes at the big bank?

24 March 2022 - Evening All For something different here is a story on rising star Lauren Hunter. She has already achieved more than most in her short career as a mortgage...

Earning power should stop huge house price falls

23 March 2022 - Although the ANZ Bank has lifted its prediction of house prices falling to 10% from the 7% it forecast last month, it says its optimistic view is any greater drop will be tempered by household incomes.

Mercer adds head of sustainability

23 March 2022 - Hot on the heels of ANZ appointing a head of responsible investing Mercer adds a head of sustainable investments.

ANZ appoints head of RI

22 March 2022 - ANZ Investments has a new head of responsible investment.

Partners Life gets new CFO

21 March 2022 - Partners Life has appointed a new CFO to replace Sean Kam.

Even higher interest rates forecast

8 March 2022 - ANZ says the Reserve Bank has to work harder to fight inflation and is now predicting back-to-back 50 basis point OCR increases.

ANZ too clamps down on low-deposit loans

23 November 2021 - ANZ has joined BNZ and Kiwibank in cutting back on low-deposit loans for houses.

OCR to rise; Hear the latest from Tony Alexander

22 November 2021 - Economists are sure the OCR will increase this week but are not sure if it will be a 25 or 50 basis point increase. Find out what they are thinking here...

The tide is turning on house prices

8 November 2021 - House prices could drop 10%, but would only take them back to where they were in March this year, ANZ economists say.

Advisers write nearly half of all ANZ's loans

2 November 2021 - Advisers are getting close to writing 50% of ANZ's new loans.

ANZ adds global infrastructure fund to OneAnswer

30 October 2021 - The OneAnswer International Listed Infrastructure Fund gives investors access to an actively managed portfolio of international listed infrastructure companies...

ANZ profit up 44%

28 October 2021 - ANZ New Zealand has reported a statutory net profit after tax (NPAT) of $1,919 million for the 12 months to the end of September.

ANZ changes its call on OCR hikes

20 October 2021 - ANZ has changed its forecasts for the OCR adding in to additional hikes and expecting the cash rate to hit 2%.

Are significant rent rises on the way?

18 October 2021 - ANZ chief economist Sharon Zollner speaks with Sally Lindsay on the outlook for rents and the influencing forces at play.

REACTION: OCR up; What people are saying; ANZ quick to hike

6 October 2021 - The Reserve Bank has increased the OCR. Here it explains why it made the increase. There have been mixed reactions the increase. Here is what some commentators...

[The Wrap] Solving the KiwiSaver value for money equation

2 October 2021 - Sometimes when the regulator speaks it feels like a parent telling their children to tidy their room for the umpteenth time.

ANZ scales up, drops membership fees

1 October 2021 - ANZ New Zealand Investments has dropped its annual membership fee from all its managed KiwiSaver schemes.

Property tax changes announced; Biggest banks big rate increases; NEW TMM Out now

29 September 2021 - The government has released details of its tax changes aimed at hitting property investors. The good news is new builds are exempt for 20 years. [READ...

Major rate hikes at big four banks

16 September 2021 - ASB has hiked mortgage rates by up to 30 basis points this morning, a significant move likely to trigger further market increases. ANZ has also raised pricing on a range of fixed terms.

ANZ appoints new head of funds management

14 September 2021 - New Zealand's largest fund manager and KiwiSaver provider appoints new managing director to replace Craig Mulholland.

OCR hike likely despite lockdown: ANZ

13 September 2021 - The Reserve Bank is likely to stick to its guns and hike the official cash rate by 25 basis points next month despite Auckland's ongoing lockdown, according to ANZ economists.

RBNZ price fall prediction countered

26 August 2021 - Despite the Reserve Bank’s forecast actual house prices will starting falling from the third quarter of next year, ANZ Bank economists have a more optimistic view.

Big banks offer business relief

26 August 2021 - ANZ and Westpac have reintroduced relief measures for business borrowers in the wake of the nationwide level four lockdown.

ANZ does a u-turn on rate increases

24 August 2021 - ANZ Bank has reversed some of the changes it made to its home loan rates last week.

ANZ makes confidential deal with Ross victims

23 August 2021 - ANZ has made a deal to end a multi-million dollar lawsuit against it by victims of the Ross Asset Management ponzi scheme.

‘Bonkers’ housing market off the chart

20 August 2021 - While house inflation is running at about 30% a year, it will take decades for affordability to improve, ANZ economists say.

Delta outbreak set to halt rate hike

18 August 2021 - A community outbreak of Covid-19 is set to delay plans to raise interest rates, according to economists at ASB. 

ANZ hikes rates ahead of RBNZ decision

17 August 2021 - ANZ has raised its fixed home loan rates by between 10 and 30 basis points ahead of the Reserve Bank's expected rate hike tomorrow: [READ ON] ...

ANZ hikes rates ahead of RBNZ decision

17 August 2021 - ANZ has raised its fixed home loan rates by between 10 and 30 basis points ahead of the Reserve Bank's expected rate hike tomorrow.

Rate hikes: ANZ, BNZ and Westpac follow ASB

16 July 2021 - ANZ, BNZ and Westpac have followed ASB in hiking short and long-term mortgage rates as home loans move up from record lows.

Banks keen on crypto conversation

16 July 2021 - The Reserve Bank of New Zealand is seeking feedback on the potential for a Central Bank Digital Currency as the use of cash continues to decline.

Investors urged to bolt in long-term rates

13 July 2021 - With high inflation just around the corner, ANZ Bank, the country’s biggest mortgage lender, says mortgaged property investors would be wise to fix at least some of their borrowings at longer-term rates.

[The Wrap] Hurrah! Big banks exit life insurance

11 July 2021 - All the big banks have now exited the life insurance space - and that is probably a good thing.

November OCR hike: Predict Westpac and ANZ

7 July 2021 - Westpac and ANZ economists have become the latest to predict an increase in the official cash rate in November, as strong economic data prompts forecasters to change their tone.

ANZ eases apartment lending rules

1 July 2021 - ANZ has relaxed its rules for apartment lending as banks look to support higher density accommodation in New Zealand.

ANZ 1.68% new build rate shakes up market

28 June 2021 - ANZ has introduced the lowest mortgage rate in New Zealand, offering a 1.68% floating rate for new build homes.

Risk of higher OCR this year

25 June 2021 - The strength of the New Zealand economy has heightened the risk of a higher official cash rate by the end of the year, according to ANZ economists.

Carter makes way for St John on ANZ NZ board

23 June 2021 - Tony Carter is set to retire from the board of ANZ NZ and will be replaced by a former share broker and experienced company director in August.

Fix rates now bank urges

23 June 2021 - Dampening investor demand isn’t slowing the monthly pace of house price inflation, says ANZ’s latest Property Focus.

Mortgage growth drives record bank profits

23 June 2021 - Strong mortgage lending drove banking profits to record levels in the first three months of the year, according to a new report from KPMG.

ANZ predicts February OCR hike following GDP growth

17 June 2021 - ANZ economists predict the official cash rate will begin to rise in February, after the New Zealand economy roared back into life in the first quarter.

Investors urged to bolt in long-term rates

15 June 2021 - With high inflation just around the corner, ANZ Bank, the country’s biggest mortgage lender, says mortgaged property investors would be wise to fix at least some of their borrowings at longer-term rates.

Britannia Financial Services rebrands - expands investment offering

15 June 2021 - Britannia Financial Services has refreshed its branding, added to its list of investment partners and shifted its focus to more sustainable investment in a major overhaul of its operations.

Long-term rates an attractive strategy

26 May 2021 - Mortgage borrowers could be better off locking in long-term loans ahead of potential increases in the official cash rate in 2022, according to economists...

Long-term rates an attractive strategy

26 May 2021 - Mortgage borrowers could be better off locking in long-term loans ahead of potential increases in the official cash rate in 2022, according to economists at ANZ. 

How three sacked KiwiSaver default providers reacted

15 May 2021 - Three default providers have names starting with A, but they did not make the A list in the recently announced KiwiSaver shakeout.

Five KiwiSaver providers lose default status; Two new ones added

14 May 2021 - The government has slashed the number of KiwiSaver default providers from nine to six with five of the existing providers being removed from Dec 1.

ANZ tightens investor servicing

11 May 2021 - ANZ has tightened its affordability criteria for investor lending and will only count 65% of rental income when assessing new mortgages, marking the first major change from a big four bank since the Government's housing reforms.

ANZ sees manic lending in first half of year

6 May 2021 - ANZ has seen manic home loan volumes and mortgage advisers are accounting for a greater share of its business.

Home lending drives ANZ profit

5 May 2021 - ANZ New Zealand saw post-tax profits rise by 42% in the half-year to March, underpinned by a buoyant housing market and strong home lending book.

Interest rate rises scary for property investors

28 April 2021 - The possibility of rising interest rates will scare investors even more than the recent changes to the bright-line test and removal of mortgage interest tax deductibility, says the latest ANZ Property Focus report.

Banks and non-banks given clean bill of health

15 April 2021 - New Zealand's biggest banks and non-bank lenders remain in a robust position despite the pandemic, according to rating agency Standard & Poor's.

Top ANZ executive to leave in June

12 April 2021 - After a 10-year stint with the company, the managing director of wealth and private bank for ANZ Bank New Zealand (ANZ NZ) is leaving at the end of June.

AMP chief to exit, ANZ deputy to replace

1 April 2021 - AMP has confirmed that its chief executive will be exiting the business, with ANZ deputy chief filling the role.

Big banks weigh affordability changes

26 March 2021 - ANZ has confirmed it will review its affordability criteria for investor loans in the wake of the Government's housing reforms. TMM Online asked the rest of NZ's major lenders if they plan to follow suit.

ANZ reviews investor lending amid reforms

25 March 2021 - ANZ is the first big four lender to confirm that it will review investor lending assessments following the Government's housing reforms.

Fixing still in borrowers best interests

22 March 2021 - The entire structure of average mortgage rates sits at record lows – but ANZ is warning borrowers nothing lasts forever.

KiwiSaver funds bankroll community housing

10 March 2021 - Generate and Caresaver KiwiSaver are backing a community housing initiative seeking to raise $100 million in funding for as many as 300 low-cost houses, much of it to be built on unused urban church land.

ANZ halts online mortgage applications

22 February 2021 - ANZ has been forced to halt online mortgage applications amid an unprecedented surge in demand as people rush to beat LVR restrictions. 

NZ housing market set to cool

19 February 2021 - New Zealand’s booming residential housing market is a global outlier that won’t last, ANZ’s latest research report shows.

What's the best mortgage strategy?

19 February 2021 - As further official cash rate cuts look less likely, are borrowers better off choosing short or long-term loans? ANZ has released a new report on the the dilemma facing homeowners.

Default KiwiSaver: Which providers are fighting to keep their status?

5 February 2021 - [Updated] Despite a shroud of secrecy from MBIE, Good Returns can report that 7/9 default KiwiSaver providers have applied to retain their status, with two notable exceptions keeping quiet.

New business banking boss at ANZ

4 February 2021 - Lorraine Mapu is to replace Mark Hiddleston as managing director of business banking at ANZ.

OCR predictions change amid strong data

3 February 2021 - Better-than-expected economic indicators have prompted forecasters to change their predictions for the official cash rate.

ANZ predicts fewer OCR cuts

14 January 2021 - ANZ has revised its forecast for the official cash rate, predicting only one cut next year to 0.1%.

ANZ drops negative OCR forecast

14 January 2021 - ANZ has revised its forecast for the official cash rate, predicting only one cut this year to 0.1%: [READ ON] ...

ANZ predicts fewer OCR cuts

14 January 2021 - ANZ has revised its forecast for the official cash rate, predicting only one cut next year to 0.1%.

Big banks say no to 40% investor deposits

21 December 2020 - The other big three banks will not follow ANZ in making investors raise a 40% deposit for a home loan, following the lender's controversial decision...

Big banks say no to 40% investor deposits

21 December 2020 - The other three big banks will not follow ANZ in making investors raise a 40% deposit for a home loan, following the lender's controversial decision.

How will 40% deposit requirements affect the market?

18 December 2020 - The 40% deposit requirements imposed by ANZ Bank – and possibly the RBNZ next year – are unlikely to slow the Auckland market to a halt, argues economist Tony Alexander. 

Advisers react to ANZ's LVR decision

15 December 2020 - Advisers have responded to ANZ's move to raise deposit requirements for investors. Here's what the industry said: 

ANZ gets tough on investors

15 December 2020 - BREAKING NEWS this morning: ANZ New Zealand has lifted its deposit requirement for residential property investors to 40%, marking a major change in the...

ANZ gets tough on investors

15 December 2020 - ANZ New Zealand has lifted its deposit requirement for residential property investors to 40%, marking a major change in the lending market.

'Bullying' banking conduct

4 December 2020 - Advocating for your client is a fundamental aspect of being an adviser – even if that means making yourself "a pain in the arse", writes Jon-Paul Hale.

Is a negative OCR now less likely?

25 November 2020 - Finance Minister Grant Robertson's pleas to the Reserve Bank to control house price inflation could reduce the odds of a negative OCR next year, according to economists.

New Loan Market CEO; Will we get negative rates?; ANZ brings back LVRs

16 November 2020 - Meet the new Loan Market chief executive. The group has hired an experienced name from the banking industry: [READ ON] The Reserve Bank's Funding...

Why negative rates might not be needed

16 November 2020 - The Reserve Bank's Funding for Lending Programme makes aggressive official cash rate cuts less likely, according to economists. 

ANZ reintroduces investor LVRs

13 November 2020 - ANZ has followed ASB in bringing back deposit requirements for investors, after the Reserve Bank's u-turn on LVR speed limits.

ASB using branches for broker applications

5 November 2020 - ASB has become the latest bank to send adviser home loan applications to branches for completion, as it tries to reduce a backlog of deals.

ANZ Bonus Bonds scheme now in wind up

3 November 2020 - ANZ Investment Services says that the Bonus Bonds scheme is now in wind-up.

Avanti raises $50 million; ANZ profits fall on writedowns

30 October 2020 - Non-bank lender Avanti Finance has raised $50 million to fund its expansion, amid growing interest in alternative lenders: [READ ON] ANZ New Zealand profits...

ANZ profit drops 27% after loan writedowns

29 October 2020 - ANZ New Zealand profits took a 27% hit in the year to September after taking a $401 million write-down on loans.

Mortgage lending record; ANZ slashes one year rate

28 October 2020 - Mortgage lending hit $7.3 billion in September, the highest value on record, according to the latest Reserve Bank data, as the market continues to defy...

Are more investors looking for advice?; ANZ latest

27 October 2020 - More investors are seeking advice as the property market heats up, according to a new survey: [READ ON]  In case you missed it yesterday: ANZ has...

Westpac one year rate cut; The $50bn programme that will push down rates

23 October 2020 - Westpac has sharpened its one year fixed home loan to 2.49% this morning. The rate puts some daylight between the bank and its big four rivals. Take a...

The $50 billion idea that will push down home loan rates

23 October 2020 - ANZ economists predict the Reserve Bank's funding for lending programme (FLP), designed to push down interest rates, could hit $50 billion.

ANZ re-appoints Penny Burgess as broker boss

23 October 2020 - Penny Burgess is to return to an adviser-facing role at ANZ New Zealand as part of changes at the nation's biggest lender.

Day of reckoning could be messy: Zollner

23 September 2020 - Low interest rates are compressing pricing of risks and a “day of reckoning” at some point could be messy, ANZ chief economist Sharon Zollner says.

Are branch customers getting preferential treatment?

15 September 2020 - Advisers fear major banks are prioritising direct mortgage applications over broker-led home loans, as turnaround times worsen. 

ANZ redeploys staff to broker applications

10 September 2020 - ANZ has redirected more staff to handle mortgage adviser applications amid a growing backlog in home loan processing: [READ ON] ...

ANZ redeploys staff to broker applications

10 September 2020 - ANZ has redirected more staff to handle mortgage adviser applications amid a growing backlog in home loan processing.

Clouds remain over housing market

27 August 2020 - Falling mortgage rates will provide support to the housing market over the coming year – but a weakening of the market is still on the cards, according to bank economists.

ANZ sets aside an extra $79 million for bad loans

19 August 2020 - ANZ New Zealand has ring-fenced a further $79 million for impaired loans as the nation's biggest lender deals with the fallout from the pandemic. 

ANZ eases servicing test

4 August 2020 - ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.

ANZ eases servicing test; Surge in new listings

4 August 2020 - ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment: [READ ON] There was...

ANZ eases servicing test

4 August 2020 - ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.

Why bank changes are good for advisers

8 July 2020 - The days of face-to-face banking may be numbered with the big banks closing branches around the country in the wake of Covid-19, but this change could work out well for advisers.

S&P forecast 10% house price fall

24 June 2020 - Global ratings agency Standards & Poors is the latest to join the chorus of predictions around potential house price falls in New Zealand – and they’re picking a 10% drop.

Market outlook: what economists have to say

19 June 2020 - Recent residential housing market data has not looked to bad – but, given the grim economic forecasts, that’s a bit confusing. So here’s a round-up of economists’ latest takes on the market…

Cash backs creep up

15 June 2020 - Cash back offers from the major banks continue to fluctuate in the wake of Covid-19, but two banks have lifted their offers in recent weeks. 

Kiwibank cuts 1% from floating rates, rivals cut fixed rates

11 June 2020 - Kiwibank has slashed 1% from its floating rate home and business loans, while ANZ and ICBC have made further cuts to their mortgage offerings.

ANZ launches 2.65% one-year special

11 June 2020 - ANZ has cut its one-year special rate to 2.65% this morning, matching Kiwibank's one-year offer. The major bank has also slashed its two-year special...

Financial Markets Authority takes ANZ to court

5 June 2020 - The Financial Markets Authority has filed court proceedings against ANZ New Zealand over issues with credit card repayment insurance policies.

ANZ sells UDC – again

2 June 2020 - ANZ has agreed to sell its asset finance business, UDC Finance Limited (UDC), for $762 million to Shinsei Bank, a higher price than that of the blocked 2017 sale to HNA.

Downward pressures might push investors out

21 May 2020 - There’s a major housing market downturn coming and it’s likely to reduce the number of investors in the market, according to ANZ economists.

ANZ slashes home loan to 2.79% record low

21 May 2020 - More rate cuts to report this morning. ANZ has cut its one year special home loan rate to 2.79%, the lowest ever in the New Zealand market. It has also...

ANZ slashes home loan to 2.79% record low

20 May 2020 - ANZ has cut its one year special home loan rate to 2.79%, the lowest ever in the New Zealand market.

TSB drops one year rate to 2.89%, ANZ to 2.99%

11 May 2020 - TSB has slashed its one year special rate to 2.89% and ANZ has cut its one year special to 2.99%, as rates continue to fall.

OCR Preview: Economists predict rate will stay on hold

11 May 2020 - Economists expect the Official Cash Rate will remain on hold this week, but many believe the Reserve Bank will open the door to lower or negative interest rates. 

Judge keeps Ross ponzi class action alive

6 May 2020 - The High Court at Wellington has declined ANZ Bank’s attempt to get a suit from more than 500 investors of failed Ross Asset Management thrown out early.

Advisers inch closer to writing 50% of ANZ's loans

1 May 2020 - Mortgage advisers continue to account for a growing share of home loans originated by the country's biggest bank, ANZ.

Have your say and be in to win; Advisers write more and more ANZ loans

1 May 2020 - We have three things for you today: Mortgage advisers account for a growing share of ANZ's home loans; a chance to win a bottle of wine and we'd...

[GRTV] Managing KiwiSaver in a pandemic

24 April 2020 - Fund managers have been faced with market declines happening at a rate never seen before, ANZ's chief investment officer Paul Huxford says.

House price drops are short-lived - Alexander

24 April 2020 - Periods of house price decline are rare and "short-lived", says economist Tony Alexander, amid forecasts of a drop of 10%-15% this year.

Pre-approvals hit by Covid-19

20 April 2020 - Banks are withdrawing pre-approvals for home loans amid the Covid-19 outbreak, as credit conditions continue to tighten. 

[GRTV] ANZ Investments' CIO Paul Huxford

16 April 2020 - GRTV speaks with Paul Huxford on the current fund management challenges being faced by ANZ Investments' KiwiSaver team.   

ANZ doesn’t expect low equity problems

14 April 2020 - ANZ says it is “extremely unlikely” that its customers will go above 95% LVR or into negative equity during the Covid-19 crisis: [READ ON] ...

ANZ doesn’t expect low equity problems

14 April 2020 - ANZ says it is “extremely unlikely” that its customers will go above 95% LVR or into negative equity during the Covid-19 crisis.

Managers ramp up communication

5 April 2020 - Fund managers’ communication channels have been put into overdrive by market downturns around the world – and some predict it could change the way KiwiSaver members engage with their investments in future.

Payment holidays won't affect credit scores

3 April 2020 - Banks have quashed speculation that payment holidays will affect customers' credit scores and their ability to borrow in the future.

Banks roll out mortgage holiday

30 March 2020 - Major lenders have launched mortgage holidays for borrowers affected by the Covid-19 outbreak, using online application forms to process customer requests.

Banks roll out mortgage holidays

30 March 2020 - Major lenders have launched mortgage holidays for borrowers affected by the Covid-19 outbreak, using online application forms to process customer requests.

ANZ moves first with record-low fixed rate

19 March 2020 - ANZ has become the first major lender to cut fixed rates after the OCR cut. It has launched the lowest one year rate ever from a major bank, at 3.05%.  ANZ's...

ANZ launches record-low major bank rate

18 March 2020 - ANZ has slashed its fixed rate mortgages, launching the lowest ever one year rate offered by a major bank.

Banks weigh up fixed rate cuts

17 March 2020 - Most borrowers are yet to benefit from the Reserve Bank's OCR cut, but banks say they are weighing up cuts to fixed rate mortgages. 

Banks pass on floating rate cuts after OCR decision

16 March 2020 - Major banks have passed on rate cuts of 0.75% to floating rate borrowers following the Reserve Bank's emergency rate decision.

New loan to boost energy-efficient housing

13 March 2020 - There’s an ongoing push towards greener, healthier homes and now Westpac is joining the drive, with a new loan product for its home loan customers.

Tight lending concerns; ANZ pays out

3 March 2020 - Tight lending criteria has emerged as one of the top concerns facing advisers and borrowers in the first months of the year, according to a new survey:...

ANZ pays $29.4 million over faulty loan calculator

2 March 2020 - ANZ will pay a further $29.4 million to customers after using a faulty loan calculator between 2015 and 2016.

Coronavirus will lead to OCR cut this month: ANZ

2 March 2020 - The coronavirus outbreak could force the Reserve Bank to slash the official cash rate by 50 basis points this month, according to leading economists.

ANZ appoints new retail boss

19 February 2020 - ANZ has made its acting managing director for retail and business banking a permanent appointment.

ANZ gets tough on data security

5 February 2020 - ANZ is set to introduce stringent new security standards for adviser customer relationship management systems, as it looks to safeguard customer data:...

ANZ gets tough on data security

5 February 2020 - ANZ is set to introduce stringent new security standards for adviser customer relationship management systems, as it looks to safeguard customer data.

ANZ raises key mortgage rates

4 February 2020 - ANZ has raised its 18-month and two year fixed rates by 10 basis points, the major bank's first increases in 2020. It has also cut its one year rate:...

ANZ raises key mortgage rates

4 February 2020 - ANZ has raised its 18 month and two year fixed rates by 10 basis points, the major bank's first increases in 2020.

Markets predict OCR to remain at 1%

29 January 2020 - Financial markets are pricing in a reduced chance of further official cash rate cuts this year amid expectations of improved economic growth.

Upping the ante on price growth

22 January 2020 - ANZ economists have become the latest commentators to revise up their house price inflation predictions and are now picking 8% growth by mid-2020.

Small banks stall on licensing

10 January 2020 - TSB and The Co-operative are among the lenders yet to decide how they will work with financial advice provider licence holders under the new regulatory regime.

UDC debenture programme all paid out

21 December 2019 - ANZ-owned finance company has completed the closure of its debenture programme. The bank says election packs were sent to around 4,500 debenture holders...

Investor confidence high; New CEO at ANZ

19 December 2019 - Booming regional centres are driving positivity in the market and that’s left commercial property investors more confident than they have been in...

Watson appointed ANZ New Zealand CEO

18 December 2019 - Antonia Watson has been appointed the permanent chief executive of ANZ New Zealand, replacing David Hisco, who departed amid an expenses scandal in June.

ANZ's chair Gonski delivers a mea culpa to shareholders

17 December 2019 - ANZ Bank's annual shareholders' meeting was by no means as acrimonious as Westpac's last week but chair David Gonski adopted a conciliatory and contrite attitude.

Economists revise OCR outlook

16 December 2019 - Leading economists have revised their predictions for the official cash rate next year, predicting less action from the Reserve Bank in the next 12 months.

Reserve Bank demands improvements from ANZ

12 December 2019 - The Reserve Bank has demanded ANZ makes improvements to its internal processes after a spate of recent scandals.

Warning on borrowing rates

9 December 2019 - The Reserve Bank's new capital regime will lead to greater increases in borrowing rates than its estimate, economists have warned.

ANZ rate changes; Advisers face New Year cash squeeze

3 December 2019 - ANZ's 18 month fixed rate special falls to 3.39% this morning, a fall of 60 basis points. The bank's 2 year rate jumps up to 3.55%, however. Take...

Ross investors seek $75 million from ANZ

3 December 2019 - Investors who lost money in Ross Asset Management are suing ANZ for more than $75 million.

Policy ownership, a simple concept?

7 November 2019 - It seems it's not. And given the time and dialogue, I need to name names on this issue.

ANZ CEO talks adviser pay

4 November 2019 - ANZ New Zealand's acting CEO Antonia Watson talks to TMM Online about the bank's latest result, the importance of mortgage advisers, and different...

ANZ pulling affordability lever on home loans rather than price

1 November 2019 - ANZ acting chief executive Antonia Watson talks to TMM Online about the bank's latest result, the importance of mortgage advisers and different remuneration models.

ANZ ponders capital rules; Westpac predicts OCR to hold

1 November 2019 - ANZ New Zealand's net profit fell by 8% in the year to September, and the bank says new capital proposals will be a "focus": [READ ON]. Westpac...

ANZ grapples with New Zealand capital question

31 October 2019 - ANZ has the vexed New Zealand question top of mind, with the capital proposals of trans-Tasman regulators a particular focus for the lender.

ANZ moves to defeat Ross Asset class action early

29 October 2019 - A date has been set for the first legal hurdle for Ross Asset Management investors in their class action against the ANZ Bank.

LVR loosening likely - ANZ

23 October 2019 - LVR restrictions were never meant to be a permanent feature of New Zealand’s housing market and ANZ economists argue that some further relaxing of them could soon be on the cards.

ANZ outlines stance on FAPs; SBS rate cut and rebrand

21 October 2019 - ANZ has revealed it will work with adviser businesses and groups that hold a Financial Advice Provider license under the new regulatory regime. Find out...

ANZ reveals stance on FAPs

21 October 2019 - ANZ has laid out its position on the new regulatory regime, stating it will work with adviser businesses and groups that hold a financial advice provider licence.

ANZ in new rate cuts; KiwiSaver withdrawals for investors?

15 October 2019 - ANZ has slashed rates across the board as it launches a Spring/Summer price war. Our up to date rates table can be found here.  Should people be...

Price wars continue with ANZ rate cuts

14 October 2019 - Borrowers are set to enjoy even lower mortgage rates after ANZ slashed its fixed rate options to new lows.

Servicing test changes limited

9 October 2019 - Banks have made adjustments to serviceability tests since the Official Cash Rate cut in August, but advisers doubt whether the changes will have a big impact on pass rates.

[The Wrap] Royal commission? No. But there's still questions to ask

4 October 2019 - Having just finished reading Adele Fergusson's book, Banking Bad, on the Australian royal commission I am left with these thoughts, observations and comments.

ANZ rate cut; new look Southern Cross team

1 October 2019 - ANZ has sharpened pricing on 2 year fixed and special rates this morning. See how the rates line up against the market here. Peer-to-peer lender Southern...

ANZ warns of mortgage rate pressure

24 September 2019 - Good morning.  No rate cuts this morning, as banks await the Official Cash Rate announcement tomorrow. While the OCR is at a record low and could...

Upward pressure on mortgage rates: ANZ

24 September 2019 - Borrowers still face upward pressure on mortgage rates despite a lower-for-longer outlook on the Official Cash Rate, according to economists at ANZ.

OCR Preview: economists predict no change

20 September 2019 - Economists believe the Reserve Bank will hold fire on making further cuts to the Official Cash Rate next week, with a further cut more likely in November.

Home loan complaints rise

18 September 2019 - Complaints against banks by home loan borrowers rose by 12.3% last year amid a rising number of declined applications, according to the Banking Ombudsman Scheme. 

Expect three more OCR cuts – ANZ

6 September 2019 - Ongoing deterioration of the growth and inflation outlook means that ANZ is predicting that the Reserve Bank will cut the Official Cash Rate (OCR) to 0.25% by May next year.

More rate cuts at ASB; ANZ concerned about risk-aversion

15 August 2019 - Rates keep on falling. Today ASB has slashed its fixed rate range, taking between 6 and 20 basis points off its home loan rates. Its 1 year special is...

ANZ's Elliott voices concerns over credit controls

14 August 2019 - ANZ Banking Group chief executive Shayne Elliott has called for more clarity on responsible lending obligations, stating risk aversion has "infected" the banking system.

Ross victims get green light to sue ANZ

14 August 2019 - Ross Asset Management investors have been approved to start their class action claim against ANZ.

What’s more important for KiwiSaver members? Net returns or fees?

14 August 2019 - One of the big debates, particularly in KiwiSaver, is what should customers focus on? Net returns or fees. The regulator’s answer may surprise you.

ANZ, BNZ rate cuts; FMA warns on licensing

12 August 2019 - It's an action-packed Monday. Plenty of rate cuts to report this morning and from over the weekend. ANZ has made cuts across its fixed rate range,...

Economists unanimous on rate cut

2 August 2019 - Economists unanimously agree that the Reserve Bank will cut the Official Cash Rate to 1.25% next week, according to TMM's OCR Preview Survey.

The costs of rental policy changes

24 July 2019 - The deluge of policy changes to the regulations governing rental property are a key headwind for the housing market, according to ANZ economists.

Tough servicing rates could be eased

24 July 2019 - The end of tough loan servicing tests could be a step closer after the Australian Prudential Regulation Authority relaxed serviceability rules for Australian lenders.

ANZ and Westpac latest to cut rates

24 July 2019 - Good morning. Plenty of rate cut action to report this morning, and it looks like 3.79% is the new magic number for two-year rates.  After BNZ cut...

ANZ and Westpac credit rating outlooks downgraded to 'negative' outlook: Fitch

18 July 2019 - Australia's ANZ Bank has taken another hit, with the international credit rating agency Fitch downgrading the bank's operations in both Australia and New Zealand from a 'stable' to a 'negative' outlook, citing "material shortcomings in operational risk management, which were not aligned with the assessment Fitch had previously incorporated into its ratings".

[The Wrap] Woes continue for ANZ

12 July 2019 - It seems problems keep mounting up for ANZ with news today investors in New Zealand's biggest ponzi scheme, Ross Asset Management, has started legal action against ANZ.

Banks warn of rising costs from capital rules

1 July 2019 - Major banks have hit out at Reserve Bank plans to force lenders to hold more capital. Here’s what ANZ, BNZ and ASB had to say in their submissions:

ANZ cuts rates; will OCR fall again?

26 June 2019 - ANZ is the latest lender to make rate cuts. As of this morning, the major bank's one year special has dropped to 3.85%, and its standard one year falls...

It’s not just about mortgage rates

24 June 2019 - Historically low mortgage rates might boost the housing market but they are not the only factor at play in the market, according to ASB economists.

Reserve Bank orders ANZ reviews

24 June 2019 - The Reserve Bank has ordered two independent reviews into ANZ New Zealand "to provide assurance it is operating in a prudent manner".

Reserve Bank orders ANZ review; BNZ slashes rates

24 June 2019 - Breaking news: The Reserve Bank has ordered two independent reviews into ANZ New Zealand, one on compliance with capital rules, and another looking into...

[The Wrap] What's going on at ANZ?

22 June 2019 - The biggest news story of the week has to ANZ chief executive David Hisco falling on his sword. (Some may describe the sword actions differently, but that's something for readers to decide).

Prospa builds NZ team; turmoil for ANZ

18 June 2019 - No rate changes today, but an interesting update on a new market entrant. Online SME lender Prospa, run in NZ by Adrienne Church, has hired two new BDMs...

Hisco departs ANZ after expenses review

17 June 2019 - ANZ has confirmed the departure of New Zealand CEO David Hisco following an internal review into his personal expenses.

Record low OCR awaits

11 June 2019 - Economists say it is only a matter of time before we see another Official Cash Rate cut. There is an increasing likelihood that mortgage rates will stay...

Economists predict new record low for OCR

10 June 2019 - Economists at one of New Zealand's major banks believe lending rates could get even cheaper by the end of the year.

SBS changes adviser model; ANZ and Kiwibank cut rates

10 June 2019 - SBS Bank is making some big changes to its adviser model. The bank is set to reduce the number of brokers it deals with. Will it affect your business? [READ...

Banks refuse to release submissions on RBNZ proposals

5 June 2019 - While Westpac has released its submission to the Reserve Bank on the proposed new capital requirements, the other big Australian-owned banks are refusing to follow suit.

ANZ chair Key faces calls to resign

4 June 2019 - ANZ New Zealand chairman and former prime minister Sir John Key is facing calls to resign after the lender was censured by the Reserve Bank.

What’s up with home building?

30 May 2019 - More new dwellings desperately need to be built but recent construction data and outlook releases leave us asking what is going on in the residential building sector.

ANZ New Zealand CEO takes extended sick leave

30 May 2019 - ANZ New Zealand CEO David Hisco is taking extended sick leave and stepping down temporarily from the top job.

ANZ cans advice service - what next for NZ?

24 May 2019 - ANZ is dropping a key advice service in Australia.

Mortgage rates hit new lows after OCR cut

9 May 2019 - Banks have made major cuts to floating and fixed rate mortgages following the Reserve Bank's decision to cut the Official Cash Rate to a record low.

41% of ANZ's loans come from advisers

2 May 2019 - Mortgage advisers continue to account for an increasing share of loans originated at New Zealand's largest lender, ANZ, and that trend looks to continue.

ANZ half-year profit falls

1 May 2019 - ANZ New Zealand's half-year net profit dropped 4% from last year's record high thanks to losses from hedging and insurance policy revaluations.

Capital requirements a risk to growth: ANZ

23 April 2019 - The Reserve Bank's proposals to force banks to keep extra capital could be a "significant headwind" to the economy and reduce the availability of credit, according to ANZ economists.

ANZ goes green with healthy home discount

12 April 2019 - ANZ is offering up to 1% off loans for new build properties that meet sustainability and energy efficiency requirements. 

Westpac, ANZ, TSB ramp up offers

9 April 2019 - ANZ has cut its one year special to 3.95% while Westpac has cut its three year rate below 4%, as prices continue to plummet for Kiwi borrowers.

Westpac latest to predict May OCR cut

8 April 2019 - Westpac economists are the latest to change their minds on the OCR, predicting the Reserve Bank will cut rates next month.

Price war heats up with ASB move

4 April 2019 - Homeloan rates continue to fall in the wake of the Reserve Bank's OCR comments and weak business confidence numbers this week. ASB has slashed its three, four, and five year interest rates, joining rivals in a competitive race for borrowers.

ANZ appoints new investment managers

13 March 2019 - ANZ has made changes to its investment management structure.

Major banks pledge support for advisers

7 March 2019 - New Zealand’s big four banks have given their support to mortgage advisers in the wake of Australia’s Royal Commission into financial services.

Advisers told: Pick your time, prove your value

1 March 2019 - Advisers can use new behavioural research to glean tips on how to drive new connections with clients and deepen existing ones, the Financial Markets Authority says.

Reserve Bank doubles down on capital proposals

26 February 2019 - The Reserve Bank has reaffirmed its commitment to force banks to hold extra capital, despite criticism from major lenders.

OCR Preview: caution expected from the Reserve Bank

8 February 2019 - Economists do not believe the OCR will change next week, but predict the Reserve Bank will take a cautious stance on future growth, with a number of headwinds for New Zealand and the global economy.

From ANZ to BNZ

4 February 2019 - ANZ's former chief investment officer has taken up roles with BNZ.

NZ market out of step with Australia’s slump

31 January 2019 - New Zealand’s housing market might be cooling but it’s in sync with global trends – unlike the Australian market’s dramatic decline, according to a major bank.

Markets price in 40% chance of OCR cut

15 January 2019 - Interest rate derivatives markets are pricing in a 40% probability the Reserve Bank will cut the Official Cash Rate this year, amid weakening inflation and slower growth overseas.

ANZ predicts 1% OCR in 2020

20 December 2018 - ANZ has predicted the Official Cash Rate will be cut to just 1% in 2020, as it adopts a more dovish outlook on the New Zealand economy.

Sub 4% rates unlikely to return

6 December 2018 - ASB has joined its major rivals and bumped its fixed one year rate to more than 4%, and advisers predict sub 4% rates are unlikely to return any time soon.

LVR has worked but Auckland risks remain: ANZ

4 December 2018 - The Reserve Bank’s LVR restrictions have reduced household debt and risky lending, but it is too soon to rule out another surge in the Auckland market, ANZ economists have warned.

Shake-up for ANZ

3 December 2018 - ANZ has revealed changes in the make-up of the management of its wealth products.

OnePath deal done

30 November 2018 - ANZ says it has completed the sale of OnePath to Cigna.

Surprising admission from ANZ

30 November 2018 - The Royal Commission in Australia continues to throw up surprising comments from bank CEOs. This time it is the turn and the NZ-born head of ANZ. ...

Branches not efficient for mortgage origination: Elliott

29 November 2018 - Shayne Elliott, the chief executive of ANZ, has conceded its bank branches are “not terribly efficient” for mortgage origination, adding most of the lender's business comes from mortgage advisers.

LVR easing will prompt modest growth

28 November 2018 - Don’t expect the housing market to take off at a runaway pace following the Reserve Bank’s announcement that the LVR restrictions will be eased from early next year.

Cigna: Adviser channel an exciting change

20 November 2018 - Cigna chief executive Gail Costa says the addition of the adviser channel will mean positive changes for her business.

ASB predicts mild OCR cycle

19 November 2018 - ASB's quarterly outlook for the New Zealand economic predicts "sunny skies ahead", with low rates until the second half of 2020 and a peak of just 2.75% in the next OCR cycle.

Date for deal to be revealed

16 November 2018 - ANZ is set to announce the date for the transfer of its OnePath insurance business to Cigna.

ANZ takes rates below 4%

10 November 2018 - ANZ has announced its lowest home lending interest rates on record – 3.95% for a fixed one-year term.

[The Wrap] Bank D-Day looming

2 November 2018 - Instead of reflecting back on the week, it seems all eyes are on next week. On Monday, at 2pm, the Financial Markets Authority and Reserve Bank will release their joint report into the conduct of banks in New Zealand.

OCR preview survey: Economists divided on tone

2 November 2018 - Once again, no OCR changes are expected during next week’s MPS announcement. Yet economists are divided on how rising inflation will impact OCR forecasts and the governor's tone.

Advisers account for increasing amount of ANZ loans

1 November 2018 - Mortgage advisers now make up an increasing amount of home loans being written by ANZ.

Final hurdle passed for OnePath deal

31 October 2018 - The final regulatory approval has been granted from the Reserve Bank and the Overseas Investment Office for Cigna's acquisition of ANZ’s OnePath Insurance business.

ANZ not pursuing UDC IPO

31 October 2018 - ANZ will not pursue an initial public offering (IPO) of UDC Finance.

Cigna: Underwriting tool will help advisers

31 October 2018 - Cigna says new underwriting technology it is adopting will help financial advisers once the OnePath business is integrated into its operations.

Time to ease LVRs - ANZ

24 October 2018 - The Reserve Bank’s criteria for relaxing the existing LVRs have been sufficiently met to justify easing them further, according to ANZ economists.

Inflation to "force" OCR hike

16 October 2018 - The impact of rising petrol prices is likely to extend beyond the petrol pump, according to Kiwibank economists, who say inflation will force the Reserve Bank to lift the OCR six months ahead of schedule.

ANZ CEO defends adviser remuneration

16 October 2018 - The chief executive of ANZ has defended mortgage advisers before an Australian parliamentary hearing, as scrutiny on commission grows across the Tasman.

How low could the OCR go?

18 September 2018 - Economists at lender ANZ believe we could see a 50 to 100 basis point cut in the OCR if the country’s financial data disappoints.

Market pricing 50% chance of OCR cut: ANZ

3 September 2018 - The overnight interest rate swap market is pricing in a 50 percent chance of an OCR cut by mid next year, according to ANZ. 

More rate cuts; Mortgage broker sent to jail

21 August 2018 - The news on rates continues to be good. TSB has joined other lenders and cut 18 month and two year rates. It's two-year change puts it on par with Kiwibank...

ANZ predicts OCR cut

21 August 2018 - Lender ANZ has reversed its prediction for the OCR rate, predicting the central bank is “more likely” to lower the rate than increase it.

[The Wrap] RFAs on notice; Ballantyne tells her story; Blunder - A book on DYF and RIF

10 August 2018 - This week's update is a mix of a look into the future for advisers and some reflection on the past with Namoi Ballantyne opening up on her life story and a book on the ING-backed DYF and RIF funds.

ANZ appoints new Aust equities manager

10 August 2018 - ANZ New Zealand Investments has appointed Nikko AM as the new manager of Australian equities.

ANZ scraps staff sales incentives

8 August 2018 - ANZ has scrapped sales-based bonuses for frontline retail staff, moving to a customer service focused bonus programme.

Ombudsman sees drop in mortgage cases

26 July 2018 - A new report from the Banking Ombudsman suggests New Zealand's lenders are doing a better job selling mortgages to customers.

ANZ backs group of AFAs

19 July 2018 - ANZ has come out in support of an initiative by a group of financial advisers to move KiwiSavers in default schemes from conservative to higher growth funds.

ANZ appoints two Business Development Managers

13 July 2018 - Turner and Pask join the mortgage adviser distribution team of ANZ.

New chief investment officer for ANZ Investments

11 July 2018 - ANZ Investments has appointed Paul Huxford as its chief investment officer, effective immediately.

OCR words open door for cut

28 June 2018 - Subtle change of tone in this morning’s OCR announcement suggests the Reserve Bank may now be more willing to cut the OCR if need be, commentators say.

OCR to stay on hold

25 June 2018 - Don’t expect to see a change to the OCR this week as economists predict the Reserve Bank’s song will remain the same for a long time.

Advisers set clients on right investment path

22 June 2018 - Investors who work with advisers are on track to achieve better outcomes in their KiwiSaver accounts.

Guilty verdict for mortgage fraud trio

15 June 2018 - A former BNZ employee, a lawyer and the wife of a property developer have been found guilty of involvement in a $54 million mortgage fraud case.  

KiwiSaver boosts first home market: ANZ

11 June 2018 - ANZ has seen a near five-fold increase in the number of borrowers using KiwiSaver funds for a home deposit.

Brokers' Budget Guide; Is ANZ trying to replace brokers with coaches?

18 May 2018 - Well the Budget didn't have too much to rock the world of mortgage advisers but there was some news of interest for the housing market. We have done a...

ANZ talks Home Loan Coaches

18 May 2018 - Glenn Stevenson, Head of Mortgages at ANZ, tells TMM about plans to broaden the scope of the bank’s lending advice through its new ‘Home Loan Coaches’ initiative, and what the move means for mortgage advisers.

Older KiwiSaver members prompted to switch

15 May 2018 - New research shows older KiwiSavers tend to turn to online tools rather than seek human advice on their investments. An FMA, MBIE and Industry trial tested...

100,000 ANZ customers under-charged interest

9 May 2018 - A faulty loan calculator used by ANZ three years ago caused 100,000 customers to be under-charged interest on home, personal, and commercial loans, it has emerged.

All eyes on Orr in lead-up to OCR call

4 May 2018 - Thursday’s monetary policy statement (MPS) is the most keenly anticipated Reserve Bank outing in many months – but it’s due to the new Governor, not the OCR outlook.

The importance of advisers to ANZ

3 May 2018 - No rate changes today, but we have an excellent update on how ANZ is going in the home loan market and how much business mortgage advisers are adding to...

Advisers account for bigger share of ANZ's home loans

3 May 2018 - ANZ's home loan market share fell in the six months to March 31, however mortgage advisers accounted for a greater proportion of the loans written.

ANZ's Hisco says no problems in NZ; FMA says prove it

2 May 2018 - ANZ chief executive David Hisco told TMM yesterday there is no need for an enquiry into New Zealand banks, like the Royal Commission in Australia. Here's...

Enquiry not needed in NZ: ANZ boss

2 May 2018 - ANZ New Zealand chief executive David Hisco sees no need for a Royal Commission in New Zealand.

ANZ posts half year cash profit of $941 mill

1 May 2018 - ANZ today announced its 2018 half year results, with ANZ New Zealand delivering a statutory profit of $964 million, up 11% on the corresponding half in the 2017 financial year, and a cash profit of $941 million, up 1% from the prior comparable period.

ANZ looks to Blockchain as the single source of truth

30 April 2018 - ANZ and IBM in conjunction with Suncorp New Zealand are working together to develop a blockchain solution for the insurance industry that will help make...

Property investors “bounce back” in February: ANZ

19 April 2018 - Investors have crept back into the New Zealand market after a tough January, lender ANZ says.

Huxford keen to stay in ANZ role

17 April 2018 - ANZ’s acting chief investment officer says he hopes to be in the job for the long term.

What's a Comm Games gold medal (or two) worth?

16 April 2018 - Here is a statement from ANZ: "To celebrate the success of the New Zealand Commonwealth Games Team, we're making changes to our ANZ home loan interest...

ANZ increases servicing rate for loans

11 April 2018 - ANZ has raised the servicing rate required for mortgage approvals, according to advisers.

ANZ: first time buyers are back

6 April 2018 - First time buyers have made a comeback in New Zealand, making up 22% of all home purchases in the three months to December, according to ANZ.

ANZ investments head stepping down

28 March 2018 - ANZ says its chief investment officer will step down.

KPMG: Small banks growing loan books at quicker rate

26 March 2018 - New Zealand’s small banks increased their lending at higher growth rates than the major banks in the three months to December, according to a new report from KPMG.

UDC IPO considered

20 March 2018 - ANZ is reported considering an IPO for UDC Finance after its sale to HNA Group was scuppered by the Overseas Investment Office. Chief executive David Hisco...

ANZ puts OnePath on the block

8 March 2018 - [UPDATED] Another big Australian-owned New Zealand life insurance business may sell.

KiwiSaver fee drop 'missed the mark'

5 March 2018 - Small reductions to KiwiSaver fund managers’ fees are nothing to be celebrated, an adviser says.

ANZ tightens lending controls following fraud case

22 February 2018 - Bank believes fraudsters will make it tougher for Kiwis to take out mortgages

Get ready for downturn - Bagrie

16 February 2018 - The world is due for another bad economic downturn so people need to be aware of the signals, warns ANZ’s former chief economist Cameron Bagrie.

ANZ gets aggressive

13 February 2018 - You know things are heating up in the home loan space when ANZ comes out with a highly competitive offer. It copied BNZ and Westpac and lowered its one-year...

Prison sentence for mortgage fraudster

9 February 2018 - Involvement in a $50 million mortgage fraud scheme has earned an Auckland property developer nearly five years in prison.

Market wobble highlights value of advice

9 February 2018 - Share market volatility this week caused little concern for KiwiSaver members – and that could be down to financial advisers doing their job.

Guilty plea from mortgage fraudster

23 January 2018 - One of the accused in a $50 million mortgage fraud case has admitted to multiple charges under the Crimes Act, it has been revealed.

Getting to Know: Mary Potter

19 January 2018 - ANZ Investments northern business development manager Mary Potter says the people she has worked with have been one of the highlights of her career.

ANZ plan to sell UDC Finance stalled

21 December 2017 - The Overseas Investment Office has rejected an application from China-based HNA to buy UDC Finance, from ANZ for $660 million.

ANZ adjusts deposit requirements

21 December 2017 - The Reserve Bank’s easing of the LVRs has prompted New Zealand’s biggest bank to follow suit and loosen up its lending requirements.

ANZ Investments' profit drop

18 December 2017 - ANZ New Zealand Investments has reported a profit fall in its most recent financial year. The fund manager reported $141.6 million in fee income for the...

Nearing an end to the NZ Goldilocks?

12 December 2017 - Markets, both in New Zealand and globally, have experienced "goldilocks" conditions for the past five years of low inflation and solid economic growth.

Focus on financial crime

12 December 2017 - The New Zealand Police Financial Intelligence Unit (FIU) and the five major New Zealand banks are to run a year-long pilot of the New Zealand Financial...

Few takers for advice - but retirees rue missed opportunity

7 December 2017 - Many retirees regret not taking financial advice, but it’s not easy to get people who need it to take an interest, data shows.

LVR speculation rife ahead of FSR

28 November 2017 - Expectations that the Reserve Bank might loosen the LVRs in this week’s Financial Stability Report (FSR) are running high, but economists don’t think it will happen – yet.

Bye bye Samoa: Hello Sharon

27 November 2017 - The main mortgage rate news is that Kiwibank has ended its Samoa holiday campaign which was for people who took out a loan of more than $200,000 or transferred...

ANZ names new chief economist

27 November 2017 - ANZ has today announced who will be its new chief economist to replace Cameron Bagrie.

Staunch opposition to DTI proposal

24 November 2017 - Opposition to the inclusion of debt-to-income ratios (DTIs) in the Reserve Bank’s macro prudential tool kit is widespread, the bank’s own consultation reveals.

ANZ sells sharetrading business to FNZC

20 November 2017 - ANZ is selling its online share trading business to First New Zealand Capital as it continues to "simplify its business." "ANZ recognises it does not need...

Active managers go passive

20 November 2017 - Two people closely associated with active funds management have established a new ETF funds management business.

New board at FSC

17 November 2017 - The Financial Services Council has elected a new board at its recent annual meeting. Chief executive Richard Klipin said the FSC is in good shape financially...

ANZ KiwiSaver gets top awards...again

16 November 2017 - Research firm SuperRatings has awarded Platinum ratings to all three of ANZ Investments’ KiwiSaver schemes for the fourth year in a row. Platinum is...

What next for KiwiSaver

14 November 2017 - How to turn a lump sum into retirement income is a question that hasn’t been answered properly anywhere in the world, says Ana-Marie Lockyer, ANZ’s general manager of wealth products.

ANZ keeping OnePath

10 November 2017 - ANZ New Zealand chief executive David Hisco says the bank is not looking to sell the OnePath life insurance business.

Westpac says advisers important, but...

8 November 2017 - Westpac CEO David McLean explains the bank's latest profit figures, why it won't do loans over 80%, the outlook for the housing market and the importance of mortgage advisers.

What next for KiwiSaver

7 November 2017 - How to turn a lump sum into retirement income is a question that hasn’t been answered properly anywhere in the world, says Ana-Marie Lockyer, ANZ’s general manager of wealth products.

OCR stable . . . for now

3 November 2017 - [OCR Preview] Economists are confident the Reserve Bank won't move the Official Cash Rate off it's historical lows next week, but there is an emerging divergence of views about what will happen in the future now there is a new government in power.

KiwiSaver fees: Paying for performance

31 October 2017 - ANZ has produced an excellent document to celebrate 10 years of KiwiSaver, called Dollars and Cents: A Decade of KiwiSaver. Ana-Marie Lockyer, GM of Wealth Products at ANZ Investments, talks about what’s in the report.

ANZ: No more repayment holidays

25 October 2017 - ANZ is axing loan repayment holidays, prompting questions about whether mortgage advisers can continue to recommend the bank as an option for their clients.

Looking ahead with new government

20 October 2017 - New Zealand’s new government will be a Labour-NZ First coalition, supported by the Green Party, and that means changes are looming that advisers need to be aware of.

Former PM to chair ANZ

18 October 2017 - ANZ has revealed a high-profile former prime minister is to chair its board in New Zealand.

Former PM to chair ANZ

18 October 2017 - ANZ has announced John Judge will be retiring from its board of directors in January 2018 and former prime minister Sir John Key will become its new chair.

No NZ fall-out from Australian sale

18 October 2017 - ANZ says it’s “business as usual” for ANZ Insurance and OnePath in this country, as the bank enters an agreement to sell its Australian OnePath pensions, investments and aligned dealer groups business.

Don't choose KiwiSaver funds on fees only (+ GRAPH)

17 October 2017 - ANZ general manager Wealth Products, Ana-Marie Lockyer, says the focus with KiwiSaver should be on returns-after- fees, rather than just on finding the provider that offers the lowest fees. +GRAPH

ANZ chief economist calls it a day

4 October 2017 - The second big resignation announcement this week is that ANZ's chief economist is stepping down. [Read On] The other one was Barbara Chapman's decision...

ANZ chief economist calls it a day

3 October 2017 - Long serving ANZ chief economist Cameron Bagrie has resigned from his role at the bank – although his departure will not come immediately.

Growth outlook overshadows OCR call

28 September 2017 - New Zealand’s lower economic growth was acknowledged by the Reserve Bank in its OCR statement today – which means there's a chance their next call could be more doveish.

Caution to dictate OCR call this week

25 September 2017 - Uncertainty is bubbling beneath the surface of monetary policy but, despite this, economists expect the Reserve Bank to leave the OCR on hold at 1.75% this week.

Zurich, AIA make play for Sovereign

18 September 2017 - [UPDATED] AIA Group and Zurich have both made a play for Commonwealth Bank's life insurance business, including Sovereign in New Zealand.

Funds not 'true to label': Researcher

7 September 2017 - When is a 'balanced' fund not a balanced fund? When it takes the risk of a growth fund, one researcher says.

Ex BNZ worker admits mortgage fraud

6 September 2017 - A former BNZ mobile mortgage manager has admitted to dishonestly using bank documents to obtain more than $1.5 million in loans for two properties.

Advice key part of KiwiSaver success: ANZ

5 September 2017 - Advice is important to make sure New Zealanders get the most out of KiwiSaver, the country’s biggest provider says – but it suggests much of it should be supplied free.

OnePath sale may be getting close

23 August 2017 - ANZ appears to have sped up the potential sale process for its life insurance business OnePath.

nib grows market share and distribution

22 August 2017 - Health insurer nib continues to grow its market share in New Zealand and is now selling half of its policies directly to consumers.

LVRs are not going anywhere

21 August 2017 - There is no compelling case to roll back the Reserve Bank’s LVRs despite the slowing of the housing market, according to Westpac economists.

Devon grabs high profile CIO from bank

21 August 2017 - Devon Funds Management has appointed a new chief investment officer who has for many years been with one of its competitors.

ANZ appoints debt market director

14 August 2017 - ANZ has appointed a new director of debt capital markets.

Sovereign for sale but who will buy?

10 August 2017 - A sale of Sovereign could be good news for customers and advisers, one industry commentator says.

No dovish nod to future for RBNZ

10 August 2017 - The Reserve Bank’s OCR statement made it clear hikes are a long way off but its tone was still far less dovish than economists were expecting.

Future could hold OCR cuts

6 August 2017 - Think the OCR will stay on hold this week? So do economists – but some also say there is growing scope for the Reserve Bank to cut again.

PAA talks through concerns with ASB

3 August 2017 - PAA chairman Bruce Cortesi has told members the association had an “open, honest and fruitful” conversation with ASB,  as it works to tackle bank practices it says undermine advisers.

ANZ launches scheme to help retain KiwiSaver clients

14 July 2017 - ANZ is launching a new system through which it hopes to hold on to more of its KiwiSaver members.

Decline in banking sector profits - KPMG

12 July 2017 - Bank profits dropped in the first part of this year – despite the housing loan driven growth of their loan books.

Debt capital markets change

10 July 2017 - ANZ is set for a change at the top of its debt capital markets operation in this country.

Bank battle costs sponsorship

9 July 2017 - PAA’s attempt to take on the banks over practises it says are undermining advisers looks to have cost it a major sponsor at this year’s adviser conference.

Call for consistent retirement savings target guidelines

7 July 2017 - Advisers say their clients welcome having a benchmark savings target to aim for in retirement – but the industry would be better served if there was a consensus view.

Mortgage fraud charges for group

6 July 2017 - Name suppression has been lifted in a Serious Fraud Office (SFO) case which relates to a number of alleged mortgage frauds by an Auckland resident and his associates.

Hawkish talk foreshadows rate rises

5 July 2017 - Tightening talk is coming from central banks around the world – although not New Zealand’s – and that means more interest rate movement is on the cards.

New robo service 'NZ's smartest financial adviser'

29 June 2017 - The financial adviser behind a new online KiwiSaver advice site says the platform is competition for traditional financial advice models.

Game of watch and wait for OCR

22 June 2017 - Watchful caution is guiding the Reserve Bank’s policy so it will need strong evidence before it makes any change to the OCR, economists say in response to this morning’s OCR call.

Is the writing on the wall for handwritten loan apps?

15 June 2017 - Handwritten loan applications may be on the way out for ANZ but are any of the other banks rushing to follow suit?

$2m ANZ KiwiSaver processing error to be fixed

7 June 2017 - More than 50,000 of ANZ’s KiwiSaver members will receive an additional member tax credit due to processing errors amounting to about $2 million.

ANZ appoints new insurance distribution boss

16 May 2017 - ANZ has appointed a new head of adviser distribution for its insurance products.

ANZ launches new international equities fund

5 May 2017 - ANZ Investments says a new international equities fund offers it more flexibility to respond as investors’ preferences change.

How ANZ sees the housing market and advisers

4 May 2017 - The big banks are reporting their results for the first half of the financial year. Earlier this week it was ANZ. Here is what its chief executive David...

Mortgage advisers write a third of ANZ's loans

3 May 2017 - Mortgage advisers continue to play a key role in selling home loans for New Zealand’s biggest bank, ANZ.

ANZ half-year profit jumps

2 May 2017 - ANZ's operations in New Zealand have reported a 24 per cent increase in profit in the first half of the financial year, to $928 million.

Broker concerns referred to FMA

12 April 2017 - Concerns over the activities of brokers at Brilliant Finance Ltd have led Mortgage Express to cut their ties with them and go to the Financial Markets Authority (FMA).

ANZ to refuse handwritten applications

3 April 2017 - ANZ has warned brokers it will no longer accept handwritten loan applications, or those that are not typed.

KiwiSaver transfer lags a concern

21 March 2017 - There are calls to streamline the process of transfers between KiwiSaver schemes, to reduce the burden on providers and members.

Banks of the future may offer customers less choice

10 February 2017 - New report says the way forward for banking may be to target a niche group of customers and offer a smaller range of easier-to-understand products, particularly mortgages.

OCR hike expectations premature

9 February 2017 - Markets have got ahead of themselves in OCR hike expectations – and the Reserve Bank’s OCR announcement this morning makes that clear, the experts say.

OCR hike to come - later

24 January 2017 - The Reserve Bank’s next OCR move is likely to be up – although it won't be for a while, a new HSBC report says.

ANZ rings in new leadership changes

17 January 2017 - ANZ Bank New Zealand has announced changes to its executive leadership team in the wealth and retail channels.

UDC gets downgraded on sale news

12 January 2017 - UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company.

UDC gets downgraded on sale news

12 January 2017 - UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company.

ANZ sells UDC Finance

11 January 2017 - ANZ Bank New Zealand  has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group.

ANZ sells UDC Finance

11 January 2017 - ANZ Bank New Zealand  has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group.

Former CFO takes over ANZ Retail and Business Banking role

3 January 2017 - ANZ has appointed a new managing director Retail and Business Banking to replace the position held by the late John Body.

OCR hikes on the horizon

21 December 2016 - The OCR has troughed and the risks are now skewed to OCR hikes from the middle of next year, according to one major bank.

DTIs not in the near future - economists

30 November 2016 - Concerns about the increase in debt relative to incomes mean the Reserve Bank want the tools to address the issue, but economists don't expect to see them introduced anytime soon.

Post-earthquake OCR cut unlikely

18 November 2016 - Don’t expect the Reserve Bank to cut the OCR again following the earthquakes earlier this week - despite the damage and disruption they have caused, economists say.

Ditch benchmarks in client conversations, advisers told

17 November 2016 - Advisers are being urged to talk to their clients about the performance of their investments in terms of their goals, rather than referring to benchmarks and indexes.

ANZ first bank to offer earthquake package

15 November 2016 - ANZ has rolled out a financial assistance package for customers impacted by the recent earthquakes in North Canterbury. The package includes: the option...

Advisers should see no impact from review: ANZ

14 November 2016 - ANZ says advisers should not be affected as it looks at options for the New Zealand OnePath business in the new year.

US election casts shadow over OCR response

10 November 2016 - Spectre of US election result looms over reaction to this morning’s OCR cut, but economists say it is too soon to say what impact it might have on the Reserve Bank’s future moves.

ANZ boss warns of inexperienced investors

3 November 2016 - ANZ’s chief executive says he is more worried about inexperienced property investors jumping into the market without enough thought than he is about the rate of house price growth.

The last of the OCR cuts - ANZ

26 October 2016 - The OCR should trough at 1.75% in November as the Reserve Bank’s next cut is likely to be the last one in the current cycle, ANZ has suggested. Read...

Next OCR cut to be the last - ANZ

26 October 2016 - The OCR should trough at 1.75% in November as the Reserve Bank’s next cut is likely to be the last one in the current cycle, ANZ has suggested.

Westpac tightens; ANZ loosens lending criteria

19 October 2016 - Westpac has abruptly stopped low-equity lending through mortgage advisers, while ANZ has loosened up its criteria around construction loans.

Inflation result won’t stop OCR cut

18 October 2016 - Inflation was slightly above forecasts in the September quarter, but the result is not likely to deter the Reserve Bank from cutting the OCR next month.

Banks tackle KiwiSaver advice question

12 October 2016 - Banks are hoping more guidance from the Financial Markets Authority will make it easier for them to advise their clients on switching between KiwiSaver funds and providers.

New LVR rules kick in

3 October 2016 - Banks have had to cancel some preapprovals for investors, which were issued before the recent change to loan-to-value restrictions.

ANZ fee reduction praised

30 September 2016 - Morningstar analysts have given their stamp of approval to a reduction in ANZ KiwiSaver fees.

OCR call sticks to the script

22 September 2016 - Keeping the OCR on hold was the move expected of the Reserve Bank today, but economists say it means there will be another cut in November.

Lower mortgage rates unlikely - ANZ

1 September 2016 - The Reserve Bank is likely to cut the OCR further, but borrowers shouldn’t expect mortgage rates to keep pace with the cuts, it has been suggested.

Banks secure hold on KiwiSaver

12 August 2016 - The power of KiwiSaver as a driver of fund managers’ fortunes, and the dominance of big banks within it, is made clear in the latest Morningstar market share report.

Borrowers unlikely to see full cut

11 August 2016 - Reserve Bank expects this morning’s OCR cut to be passed on to, but that's unlikely to happen. ANZ has already said it is only passing on one fifth of the central bank's cut to its customers.

A good question from ANZ

1 August 2016 - Frustration probably doesn’t half describe how RBNZ officials are feeling right now, ANZ economists say in their latest newsletter. OCR cuts and tighter...

Solvency key for self-employed borrowers

29 July 2016 - Cash flow should always be king for self-employed borrowers and advisers need to remember that, according to an ANZ business expert

Time for KiwiSaver reality check

18 July 2016 - Financial advisers are being urged to give clients a reality check about what they really need in retirement.

More KiwiSaver options wanted

14 June 2016 - Almost half of New Zealanders would like to increase their KiwiSaver contributions by 1% at a time that suits them, according to a new survey by ANZ.

Banks tighten belt on foreign borrowing

14 June 2016 - Home loans for overseas buyers have become more difficult as ASB is the latest bank to limit its foreign borrowing. Read more. ...

ASB joins other main banks in limiting foreign borrowing

13 June 2016 - ASB has joined Westpac, BNZ and ANZ in making it tougher for overseas purchasers to get a home loan.

'Drastic' lending changes to challenge investors

8 June 2016 - ANZ surprised mortgage advisers recently when it announced a raft of changes to its lending policy which will make it even harder for property investors...

ANZ's lending changes surprise mortgage advisers

7 June 2016 - ANZ surprised mortgage advisers on Friday when it announced a raft of changes to its lending policy which will make it even harder for property investors.

OCR holding - Economists

3 June 2016 - Next week’s OCR announcement will be a close call if any movement will be made. Read here what the economists are predicting.  ...

OCR calls favour hold

3 June 2016 - Not so long ago most economists were picking that another OCR cut would be announced at next week’s Reserve Bank meeting, but now the mood has changed.

OCR on hold till August - HSBC

30 May 2016 - Strong growth and a booming housing market mean that HSBC now expects the Reserve Bank to hold off on an OCR cut until August.

Budget unlikely to change Reserve Bank views

27 May 2016 - It’s been described as a no surprises, boring Budget, but what might Budget 2016 mean for interest rates?

Tactical guessing game

24 May 2016 - Reasons for the Reserve Bank not to cut the OCR in June are compelling but it’s a guessing game, according to some economists.

Big lift in KiwiSaver withdrawals

17 May 2016 - New data from ANZ shows a big increase in the number of first-home buyers turning to KiwiSaver to help them get into the property market.

LVR measures looming

12 May 2016 - Further LVR restrictions may be off the table for the time being, but economists still believe more macro-prudential measures are on the way. Read here...

ANZ committed to wealth

9 May 2016 - ANZ has restructured its wealth business and says it is committed to this market. Key parts of wealth, including financial planning and private banking,...

ANZ holds its rating despite profit fall

5 May 2016 - The ratings agency described the bank’s recent half-year results as “a substantial decrease compared with the prior corresponding period.” It said...

ANZ talks results; CU Baywide plays three of a kind

4 May 2016 - Credit Union Baywide has made some changes today pricing all its home loan rates at 4.99%. Yesterday ANZ reported on its half-year results. Our detailed...

ANZ happy with broker remuneration model

3 May 2016 - ANZ New Zealand chief executive David Hisco talks about the bank's latest results, the role mortgage brokers play in the business and what he thinks of new competition and remuneration models for advisers

ANZ profits drop in half year results

3 May 2016 - Half year profits are down at New Zealand’s biggest bank, ANZ revealed today.

OCR hold right call – for now

28 April 2016 - Leaving the OCR on hold today was the right decision, but there will be further cuts down the track, economists say.

KiwiSaver withdrawals suggested to pay for advice

26 April 2016 - More than a third of New Zealanders would be willing to use money from their KiwiSaver accounts to pay for advice on what to do with it, ANZ research shows.

Odds against OCR cut

22 April 2016 - An OCR cut this week is a live call, but most economists think the Reserve Bank will wait a bit longer before cutting again.

UDC purchase will require big capital base

19 April 2016 - The size of UDC Finance in the New Zealand market could make it harder for ANZ to offload it in, one commentator says.

Predicting the RBNZ's next OCR announcement a head scratcher

13 April 2016 - It's just over a fortnight now until the Reserve Bank makes its next Official Cash Rate announcement. After the surprise cut last time and a mixed bag of economic news since then, economists are scratching their heads to try and predict if the OCR will stay at 2.25% or be cut.

SIL and MFL stop taking new members

5 April 2016 - [UPDATED] Advisers say it is not surprising that the SIL Mutual and MFL Mutual superannuation schemes have decided to stop accepting new members.

ANZ under scrutiny

15 March 2016 - ANZ’s OnePath in Australia will pay A$4.5m in compensation over breaches relating to its life, general insurance, super and funds management activities,...

ANZ issues bonds

13 March 2016 - ANZ is making two offers of unsecured subordinated bonds.

ANZ keeping cuts mainly to itself

11 March 2016 - Banks have been extremely slow to pass on yesterday's OCR cuts to customers and one that has moved has only passed on 10 basis points.

ANZ wealth shake-up

2 March 2016 - ANZ is making changes to its wealth management business.

Looming impact of global funding costs

1 March 2016 - ANZ is warning mortgage rates may not fall as far as the OCR because of rising bank funding costs.

ANZ changes position on OCR cuts

29 February 2016 - Another major bank has joined the OCR cut camp – with ANZ today predicting two more cuts this year.

Inflation expectations fall sharply

17 February 2016 - Marked decline in inflation expectations could be crucial for OCR outlook, one major bank says.

ASB drops low-equity fee

16 February 2016 - ASB’s decision to replace its one-off low-equity fee with a low-equity margin is being tipped to put pressure on the only major bank left in the market offering a fee.

Banks cut cash PIEs to half OCR

9 February 2016 - Low interest rates on offer from the four main banks’ cash PIE funds are likely an indication of the tough times for people surviving on money in the bank, one commentator says.

Banks cut cash PIEs to half OCR

9 February 2016 - Low interest rates on offer from the four main banks’ cash PIE funds are likely just an indication of the tough times for people surviving on money in the bank, one commentator says.

ANZ changes platform

8 February 2016 - ANZ in Australia has entered an agreement with Macquarie Investment Management to develop a new wrap platform for its advisers. It will take the place...

OCR cut outlook shifts

4 February 2016 - Views on the prospect of an OCR cut have shifted following the Reserve Bank governor’s speech and the release of new labour data yesterday.

ANZ gets new head of Wealth

27 January 2016 - ANZ has made some changes to its management team which sees current head of Wealth, John Body, promoted to a new role.

Kiwis don't want to pay for advice

15 January 2016 - Customers are willing to pay just $57 for a personalised financial plan, a new survey shows. The research by ANZ confirmed what many financial advisers...

Five-year KiwiSaver break too long

14 January 2016 - KiwiSaver members should not be allowed to “set and forget” a five-year contributions holiday, providers and industry commentators say.

Clients want advice, don't want to pay for it

14 January 2016 - Customers are willing to pay just $57 for a personalised financial plan, a new survey shows.

GFS scoops up adviser awards

10 December 2015 - Auckland brokers Global Financial Services (GFS) have been named Mortgage Adviser of the Year 2015 by ANZ.

Mixed predictions for OCR movement

4 December 2015 - Expectations of a cut to the OCR next week are riding high – although some economists have divergent theories. Read full story here.  ...

Odds are on an OCR cut

4 December 2015 - Expectations of a cut to the OCR next week are riding high – although some economists have divergent theories.

Advisers replacing policies are doing their jobs

23 November 2015 - Insurers react to report. OnePath doesn't agree with much of it. Partners says the authors guessed numbers and Asteron becomes fifth company to quit the FSC.

ANZ takes contrary view on next OCR hike

3 November 2015 - While most economists are predicting the Reserve Bank will next cut the Official Cash Rate in December, ANZ has a different view. Here's why.

Volatility prompts 500pc lift in switches

29 October 2015 - KiwiSaver clients who use financial advisers were less likely to react to last month’s market volatility, ANZ says.

ANZ exits health insurance market

15 October 2015 - [UPDATED] nib is strengthening its position in the health market by acquiring OnePath’s medical book for $26.67 million.

ANZ's unsolicited loan offer to client surprises adviser

25 September 2015 - ANZ makes an unsolicited loan offer to a customer which is more than the borrower could afford.

ANZ appoints analysts

16 September 2015 - ANZ Wealth has made a swathe of analyst appointments.

Fund managers deploy DIMS strategy

16 September 2015 - Fund managers are applying for discretionary investment management service (DIMS) licences because it offers them more flexibility than they would get from operating a purely PIE regime.

Lending up but profits flat

7 September 2015 - New Zealand’s five major banks* profits flattened in the second quarter of 2015, although lending growth continued, according to a new analysis by PricewaterhouseCoopers (PWC).

New broker boss at ANZ

27 August 2015 - ANZ appoints a new boss for its broker business.

Property prices to blame for S&P downgrade

18 August 2015 - Rampant Auckland property prices – as opposed to the banking and finance system itself - are to blame for Standard & Poor’s downgrading of New Zealand’s risk assessment.

ANZ calls for action on women's savings

30 July 2015 - ANZ is calling on other employers to do their bit to help women achieve better outcomes through KiwiSaver.

No surprises in Reserve Bank's move

23 July 2015 - Little surprise followed the Reserve Bank’s OCR cut this morning - and further cuts are now generally expected to come this year.

OCR cut on the cards this week

17 July 2015 - Predictions of multiple OCR cuts by the end of the year are coming thick and fast - with the next one expected on Thursday.

Falling dairy prices to prompt OCR cuts

2 July 2015 - OCR cut predictions have taken a big step up following the latest fall in dairy prices.

UDC gets new boss

30 June 2015 - ANZ's finance company has a new boss, after former CEO Tessa Price took up the role of Chief of Staff for ANZ Group chief executive Mike Smith.

ANZ's head of channel moves on

30 June 2015 - The head of ANZ's mortgage adviser distribution channel is moving to a new role.

Banks net interest income falls - PwC

24 June 2015 - A decrease in the net interest income of New Zealand’s major banks reflects the current highly competitive lending environment.

Today's yield curve

15 June 2015 - Today we have compared standard home loan rates from five lenders. The results are interesting.

Churn debate: Don't make it a war on commissions

12 June 2015 - ANZ Wealth managing director John Body says the FMA's investigation into churn is an opportunity to build a more sustainable industry and shouldn't be a war on commissions.

ANZ DIMS application for bank only

12 June 2015 - ANZ Investments has applied for a DIMS licence, but just for its bank staff.

ANZ sharpens one-year rate

3 June 2015 - ANZ has shaved 20 basis points off its one-year rate, bringing it down to 5.39%. It's not the sharpest one-year rate in the market as you can see here...

ANZ bringing ETFs to NZ

2 June 2015 - ANZ Wealth says it will be registering a series of exchange-traded funds in New Zealand  Last week ANZ in Australia announced it is launching six...

More banks call for OCR cuts

12 May 2015 - ANZ and Westpac are the latest banks to predict that the Reserve Bank will cut the Official Cash Rate (OCR) this year.

KiwiSavers reminded not to miss out

8 May 2015 - ANZ is running a campaign to remind KiwiSaver members to contribute enough to get their $521 free from the Government.

Brokers help ANZ

6 May 2015 - ANZ reported its results for the six-months to March 31 yesterday. We took the opportunity to ask its chief executive David Hisco about mortgage advisers,...

Brokers play bigger role in ANZ home loan sales

6 May 2015 - ANZ has continued to grow its market share in the home lending market in the six-months to March 31 and mortgage brokers are playing a big part in sales.

ASB and Sovereign increase upfront commissions

1 May 2015 - ASB and Sovereign have, from today, increased the amount of upfront commission they will pay to mortgage advisers.

FMOY finalists named

24 April 2015 - While you don't hear much about the INFINZ awards it does have categories for Fund Manager of the Year and FMOY - Equities. This year AMP Capital, ANZ...

Poor turnaround times hurt advisers

23 April 2015 - Advisers are frustrated with having to cope with unacceptable delays in loan processing with lenders. 

Research houses agree on something - a winner

10 March 2015 - This blog runs the risk of being seen as a little sycophantic – I hope it isn’t taken that way. It's genuine, as you will find out at the end.

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Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 6.39
ANZ 8.64 7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.14 6.79 6.65
ASB Bank 8.64 7.14 6.75 6.39
ASB Better Homes Top Up - - - 1.00
Avanti Finance 9.15 - - -
Basecorp Finance 9.60 - - -
Bluestone 9.24 - - -
Lender Flt 1yr 2yr 3yr
BNZ - Classic - 7.14 6.79 6.65
BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.74 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 6.79 - -
Co-operative Bank - Owner Occ 8.40 6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.89 6.55 6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.69 6.59
Lender Flt 1yr 2yr 3yr
Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 6.99 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 ▼7.65 ▼7.25 -
Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% 8.84 8.09 7.59 7.29
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.74 7.29 6.59
SBS Bank Special - 7.14 6.69 5.99
SBS Construction lending for FHB - - - -
SBS FirstHome Combo 6.19 6.14 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.95 - - -
Select Home Loans 9.24 - - -
TSB Bank 9.44 7.79 7.55 7.45
Lender Flt 1yr 2yr 3yr
TSB Special 8.64 6.99 6.75 6.65
Unity 8.64 6.99 6.79 -
Unity First Home Buyer special - 6.55 6.45 -
Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 ▼7.84 7.35 ▼6.99
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
Westpac Special - ▼7.24 6.75 ▼6.39
Median 8.64 7.19 7.27 6.65

Last updated: 28 May 2024 11:21am

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