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Articles tagged with 'Ross Asset Management'

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.

[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.

Ross investors launch action against ANZ

12 July 2019 - Investors who lost money in Ross Asset Management are chasing ANZ for compensation.

ANZ loses court bid over Ross files

12 April 2019 - ANZ has lost its court battle to keep the Financial Markets Authority from sharing information about its Ross Asset Management files.

David Ross denied parole: Low risk is not no risk

26 March 2019 - "Broken" David Ross faces at least another year in jail after his parole consideration was declined.

Ross liquidators: No end in sight

17 July 2018 - Liquidators of Ross Asset Management are still waiting for directions from the court as to how to distribute money to investors, as legal bills mount.

10 Ross investors in liquidator sights

17 January 2018 - Liquidators for Ross Asset Management will chase 10 investors through the courts as they work towards paying those who lost money in the Ponzi scheme. They...

It's real; Financial adviser reforms are go

7 December 2017 - The Government has pushed the go button for significant reforms to how financial advice is delivered in New Zealand. This evening the Financial Services Legislation Amendment Bill has had its first reading in Parliament and now goes to Select Committee.  

Ross liquidators want $21m

14 July 2017 - Liquidators of Ponzi scheme Ross Asset Management have signalled they want more than $21 million from the investors who made profits from the scheme.

Supreme Court orders McIntosh to repay RAM 'profits'

26 May 2017 - The Supreme Court has ruled Hamish McIntosh can keep his initial $500,000 investment with the failed Ross Asset Management but must repay the fictitious profits of $454,000.

More Ross settlements

18 July 2016 - Ross Asset Management’s liquidator has done deals with 16 investors worth $4.5 million and is in talks with others about settlements. PwC is trying to...

Ross liquidators contact more investors

14 June 2016 - Ross Asset Management liquidators have written to 72 investors who may be subject to clawback action, but against whom claims could become time-barred.

RAM fight heats up

19 October 2015 - Ross Asset Management investors are turning against each other as those who received payouts from the Ponzi scheme unite to hold on to their money, and those who lost money are told to be ready for their own legal action.

Investors plan legal action

16 October 2015 - The Ross Asset Management Investors Group (RAMIG) is approaching its members about raising funds to get independent legal advice.  It said it was...

RAM clawback notices issued

18 August 2015 - About 25 Ross Asset Management investors have received a notice telling them the company’s receivers want to claw back returns they received. RAM investors...

Ross test case driven by unfairness

13 August 2015 - Every Ross Asset Management investor who thinks they have unfairly overpaid tax should get in touch with their accountant to have their situation assessed, the tax adviser who took a test case for an investor says.

RAM investor must return fictitious profit

23 June 2015 - A Ross Asset Management investor has been ordered to pay liquidators $454,000.

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Lender Flt 1yr 2yr 3yr
ANZ 5.19 4.19 4.25 4.49
ANZ Special - 3.69 3.75 3.99
ASB Bank 5.20 ▼4.25 ▼4.19 ▼4.39
ASB Bank Special - ▼3.75 ▼3.69 ▼3.89
BNZ - Classic - 3.69 3.75 3.99
BNZ - Mortgage One 5.90 - - -
BNZ - Rapid Repay 5.35 - - -
BNZ - Std, FlyBuys 5.30 4.45 4.35 4.55
BNZ - TotalMoney 5.30 - - -
Credit Union Auckland 5.95 - - -
Credit Union Baywide 6.15 4.95 4.95 -
Lender Flt 1yr 2yr 3yr
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
Finance Direct - - - -
First Credit Union 5.85 - - -
Heartland 6.70 7.00 7.25 7.85
Heartland Bank - Online - - - -
Heretaunga Building Society 5.75 4.80 4.95 -
Housing NZ Corp ▼5.19 ▼4.29 ▼4.29 ▲4.49
HSBC Premier 5.89 3.79 3.79 3.89
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
Lender Flt 1yr 2yr 3yr
ICBC 5.65 3.85 3.95 3.89
Kiwibank 5.80 ▼4.30 ▼4.40 4.74
Kiwibank - Capped - - - -
Kiwibank - Offset 5.15 - - -
Kiwibank Special - ▼3.55 ▼3.65 3.99
Liberty 5.69 - - -
Napier Building Society - - - -
Nelson Building Society 5.70 4.69 4.79 -
Resimac 5.30 4.86 4.14 4.19
RESIMAC Special - - - -
SBS Bank 5.29 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 3.78 3.78 3.99
Sovereign ▼5.30 4.35 4.29 4.55
Sovereign Special - 3.85 3.75 4.05
The Co-operative Bank - Owner Occ 5.15 3.79 3.84 3.99
The Co-operative Bank - Standard 5.15 4.29 4.34 4.49
TSB Bank ▲6.09 ▲4.65 ▲4.59 ▲4.85
TSB Special 5.29 ▼3.85 ▼3.79 4.05
Wairarapa Building Society 5.70 4.85 4.99 -
Westpac 5.34 4.69 4.79 5.19
Westpac - Offset 5.34 - - -
Westpac Special - ▼3.69 ▼3.75 ▼3.99
Median 5.50 4.29 4.25 4.19

Last updated: 16 August 2019 8:50am

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