New guidance for client money and property services brokers
The FMA has published guidance on how client money or property services brokers and custodians can meet their obligations under the Financial Markets Conduct Act (FMC Act).
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KiwiSaver finally gets personal
Nikko AM’s new multi-manager GoalsGetter scheme answers advisers’ call for tailored, diversified KiwiSaver solutions. MORE »
Non-bank lender secures funding line from Westpac
Pallas Capital has secured the first structured finance facility of its kind from a main New Zealand bank.
Deloitte: shared equity schemes could arrest declining home ownership
Shared home equity schemes including leasehold and rent-to-own options, as well as third-party contributions towards a deposit, could help arrest the long-term decline in home ownership in New Zealand, according to a report by Deloitte commissioned by Westpac.
Predictions for OCR cut next month
An OCR cut could come as early as next month, the ASB says.
Financial Services Federation targets mortgage advisers as affiliate members
The Financial Services Federation, which mostly represents non-bank financiers, has started signing up mortgage advisers as affiliate members.
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Predictions cut for rising house prices
Two of the country’s major banks have slashed their house price growth forecasts for the rest of the year.
Alternative to first home grant
Auckland-based entrepreneur Derek Handley has set up a privately funded financial services group offering an alternative first home loan scheme.
Growing number of property investment dollars moving across the ditch
More needs to be done to offset the loss of millions of dollars in property and business investments to Australia caused by a growing exodus of wealthy Kiwis, says an industry expert.
Top Mortgage Rates
| SBS FirstHome Combo | 5.89 |
| Unity First Home Buyer special | 6.45 |
| Co-operative Bank - First Home Special | 6.59 |
| Heartland Bank - Online | 6.69 |
| Co-operative Bank - Owner Occ | 6.79 |
| Westpac Special | 6.85 |
| Kiwibank Special | 6.85 |
| TSB Special | 6.85 |
| Unity | 6.85 |
| AIA - Go Home Loans | 6.85 |
| BNZ - Classic | 6.85 |
| Heartland Bank - Online | 6.35 |
| AIA - Go Home Loans | 6.49 |
| Unity | 6.49 |
| TSB Special | 6.49 |
| SBS Bank Special | 6.49 |
| Kiwibank Special | 6.49 |
| Westpac Special | 6.49 |
| Co-operative Bank - Owner Occ | 6.49 |
| ANZ Special | 6.49 |
| ASB Bank | 6.49 |
| BNZ - Classic | 6.49 |
| AIA - Go Home Loans | 5.99 |
| Westpac Special | 5.99 |
| ASB Bank | 5.99 |
| SBS Bank Special | 6.19 |
| Co-operative Bank - Owner Occ | 6.35 |
| BNZ - Classic | 6.39 |
| Kiwibank Special | 6.39 |
| TSB Special | 6.39 |
| ICBC | 6.39 |
| China Construction Bank | 6.40 |
| Westpac | 6.59 |
| AIA - Back My Build | 6.19 |
| SBS FirstHome Combo | 6.19 |
| ANZ Blueprint to Build | 7.39 |
| Credit Union Auckland | 7.70 |
| ICBC | 7.85 |
| Heartland Bank - Online | 7.99 |
| Pepper Money Essential | 8.29 |
| Co-operative Bank - Standard | 8.40 |
| Co-operative Bank - Owner Occ | 8.40 |
| Kiwibank | 8.50 |
| First Credit Union Standard | 8.50 |
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NZFSG adds technology and innovation leader to its board
NZ Financial Services Group adds a tech guru to its board.
LoanOptions gets new local BDM
LoanOptions expands its New Zealand team.
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KiwiSaver News
Are financial markets too complacent about geopolitical risks?
Financial markets appear to be overlooking any potential volatility from global political and other international developments, according to MJW in commentary attached to its latest survey of fund performances.
Passive approach pays off for Simplicity's KiwiSaver investors
Taking a passive approach to investment paid off for those in Simplicity's growth and blanced KiwiSaver funds in the June quarter and for those in its newer default fund created after it was chosen two years ago to be one of the six default managers.
KiwiSaver highly competitive with much larger Aussie and British peers
KiwiSaver fees are “highly competitive” with the fees charged by much larger Australian and British peers, according to analysis by Deloitte Consulting Australia commissioned by Generate KiwiSaver.
Non-bank lender secures funding line from Westpac NZ
Pallas Capital has secured the first structured finance facility of its kind from a main New Zealand bank. [READ ON]