Govt to remove personal liability for bank directors

The government has decided to remove the due diligence duty and the associated personal liability for directors and senior managers of financial institutions,” commerce and consumer affairs minister Andrew Bayly told the Financial Services Council conference.

Mortgage Supply leader and long term adviser retires

The Mortgage Supply Co co-director and long term adviser David Hart is retiring at the end of this month.

FMA to investigate mortgage advice sector

The Financial Markets Authority has said it plans to review the mortgage advice sector in wake of the Commerce Commission's report into banking.

Kiwibank grows its share of new mortgage lending at more than double its market share

The government's Kiwibank accounted for 19.2% of net new mortgage lending in the June quarter and for 18.8% of new lending in the year ended June.

Today's Rate Changes
  • Your Weekend Read: Tips to help improve your wellbeing

    Here is the latest part in our series on adviser wellbeing.

    This one is about self-development and looking after yourself. It has some great tips and ideas on how you can look after yourself and help improve confidence, resilience and optimism, which will positively impact your wellbeing. [READ ON]


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Property News

From hunted to hunters

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

First home buyers fade, investors rise

Investors are coming back into the property market at a rapid clip.

Predictions cut for rising house prices

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.

Top Mortgage Rates

SBS FirstHome Combo 5.59
Co-operative Bank - First Home Special 6.19
Unity First Home Buyer special 6.20
ANZ Special 6.35
Co-operative Bank - Owner Occ 6.39
AIA - Go Home Loans 6.45
ICBC 6.45
TSB Special 6.45
Kiwibank Special 6.45
BNZ - Std 6.45
BNZ - Classic 6.45
ANZ Special 5.79
AIA - Go Home Loans 5.89
SBS Bank Special 5.89
Co-operative Bank - Owner Occ 5.89
BNZ - Std 5.89
BNZ - Classic 5.89
ASB Bank 5.89
TSB Special 5.99
Wairarapa Building Society 5.99
Kiwibank Special 5.99
ICBC 5.99
AIA - Go Home Loans 5.69
ASB Bank 5.69
BNZ - Classic 5.69
BNZ - Std 5.69
Co-operative Bank - Owner Occ 5.79
TSB Special 5.89
SBS Bank Special 5.89
Kiwibank Special 5.89
ICBC 5.89
Westpac Special 5.99
Co-operative Bank - Standard 6.29
AIA - Back My Build 5.94
SBS FirstHome Combo 5.94
CFML 321 Loans 6.70
CFML Home Loans 6.95
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Co-operative Bank - Owner Occ 8.15
Co-operative Bank - Standard 8.15
Kiwibank 8.25
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People News

Goldband Finance continues expansion

Goldband Finance continues expansion

Christchurch-based lender Goldband Finance continues to grow. 

Liberty appoints a new underwriter

Liberty appoints a new underwriter

Olga Nicholson joins Liberty as an underwriter.

Pepper people appointment

Pepper people appointment

Pepper Money has appointed a business development manager.

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KiwiSaver News

Sharesies KiwiSaver adds multiple-base fund selection

Sharesies KiwiSaver adds multiple-base fund selection

Sharesies KiwiSaver members can now combine multiple base funds instead of having to choose only one for their KiwiSaver scheme.

Two KiwiSaver schemes report larger losses but make revenue gains

Two KiwiSaver schemes report larger losses but make revenue gains

Two of the newer KiwiSaver schemes chalked up larger losses in their latest financial year.

ASB CEO talks compulsion, contribution and PE in KiwiSaver

ASB CEO talks compulsion, contribution and PE in KiwiSaver

ASB CEO Vittoria Shortt would like to see change when it comes to KiwiSaver policy and is interested in developing the product.