New customers locked out of ASB’s pre-approvals
ASB has closed pre-approvals to new customers until November 22.
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Active or Passive? How about the best of both worlds
Passive investing revolutionised the investment management industry, which up until its advent, had been dominated by active fund managers who would generally employ market timing or security selection strategies aimed at outperforming the ‘market’. MORE »
NZFSG’s ‘MyInduction’ Programme: Setting advisers up for success
NZFSG has recently launched an innovative induction programme designed to help advisers new to the network thrive. The ‘MyInduction’ Programme equips advisers with the skills to navigate compliance and leverage NZFSG’s industry-leading technology, services, and support. MORE »
New Zealand Equity Monthly September 2024
New climate-related disclosures seen bringing both benefits and challenges MORE »
Acquisition opens up market for NZ Mortgages
As the country’s stock of mortgages continues to grow, Christchurch-based NZ Mortgages, now majority owned by Squirrel, is planning to be writing $1 billion of the $364.5 billion New Zealand total every year.
Percentage of mortgages originated by advisers lifts sharply
Kiwibank has lifted its home loans business to now have an 8% market share, with about 64% of its mortgage business originated by advisers.
Banks asses what stressors could destroy capital buffers
The Reserve Bank has had 13 banks design “severe but plausible” stress tests that would cause their capital to drop below regulatory minimums and the results show that it would take a set of more severe stresses than RBNZ's own stress scenarios.
Advisers wrote 63% of Westpac's new mortgages in latest year
Mortgage advisers accounted for 63% of Westpac's new mortgage lending in the year ended September, the bank's chief executive Catherine McGrath told TMMO.
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Property News
Competition between investors and first home buyers about to heat up
Existing properties are on the radar of property investors as the pace of decline in property values finds a floor and first home buyer numbers dip.
From hunted to hunters
Property investors will be back in the market next year, even as house prices rise by 5-7%, Kiwibank says.
First home buyers fade, investors rise
Investors are coming back into the property market at a rapid clip.
Top Mortgage Rates
| SBS FirstHome Combo | 5.15 |
| Unity First Home Buyer special | 5.49 |
| Heartland Bank - Online | 5.65 |
| TSB Special | 5.69 |
| Co-operative Bank - First Home Special | 5.79 |
| Nelson Building Society | 5.95 |
| AIA - Go Home Loans | 5.99 |
| ICBC | 5.99 |
| Unity | 5.99 |
| Co-operative Bank - Owner Occ | 5.99 |
| BNZ - Std | 5.99 |
| Heartland Bank - Online | 5.55 |
| ICBC | 5.65 |
| Unity | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kiwibank Special | 5.69 |
| AIA - Go Home Loans | 5.69 |
| ANZ Special | 5.69 |
| ASB Bank | 5.69 |
| BNZ - Classic | 5.69 |
| BNZ - Std | 5.69 |
| ICBC | 5.49 |
| BNZ - Classic | 5.59 |
| BNZ - Std | 5.59 |
| Westpac Special | 5.69 |
| TSB Special | 5.69 |
| SBS Bank Special | 5.69 |
| Kiwibank Special | 5.69 |
| Co-operative Bank - Owner Occ | 5.69 |
| AIA - Go Home Loans | 5.79 |
| ASB Bank | 5.79 |
| Co-operative Bank - Standard | 6.19 |
| AIA - Back My Build | 5.44 |
| SBS FirstHome Combo | 5.44 |
| CFML 321 Loans | 6.20 |
| CFML Home Loans | 6.45 |
| ANZ Blueprint to Build | 7.39 |
| Heartland Bank - Online | 7.49 |
| ICBC | 7.49 |
| Unity | 7.64 |
| Co-operative Bank - Owner Occ | 7.65 |
| Co-operative Bank - Standard | 7.65 |
| Credit Union Auckland | 7.70 |
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People News
From MAC to board
The former chairman of the Member Advisory Committee (MAC) – mortgage and lending at Financial Advice NZ is now a board member.
More newbies at FMT
FMT adds a new business development manager and a head of lending.
Avanti Finance has a new chief risk officer
Avanti Finance has appointed Ben Anderson as its new chief risk officer (CRO).
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KiwiSaver News
KiwiSaver shortcomings identified in global report
Bumping up KiwiSaver contributions and introducing a carer’s savings credit for those with young children are among the improvement measures identified in a new report benchmarking New Zealand against other countries’ pension systems.
Tattoo removal and IVF companies are part of Generate's new PE deal
Generate KiwiSaver makes another investment into private equity.
KiwiSaver winners
Andrea Malcolm looks at the latest KiwiSaver data from Melville Jessup Weaver and finds out who the big winners are over recent years.
Banks asses what stressors could destroy capital buffers; Kiwibank lifted its home loans business; Advisers wrote 63% of Westpac's new mortgages
The Reserve Bank has had 13 banks design “severe but plausible” stress tests that would cause their capital to drop below regulatory minimums and the results show that it would take a set of more severe stresses than RBNZ's own stress scenarios. [READ ON]
Kiwibank has lifted its home loans business to now have an 8% market share, with about 64% of its mortgage business originated by advisers. [See here]
Mortgage advisers accounted for 63% of Westpac's new mortgage lending in the year ended September, the bank's chief executive Catherine McGrath told TMMO. [See here]