News
FANZ to up the ante against NZ's soaring medical inflation - Good Returns
9+ hour, 2+ min ago (543+ words) Following a passionate session on New Zealand's soaring medical costs at the recent National Adviser Conference, conference organiser and representative body Financial Advice New Zealand (FANZ) said it welcomes medical insurance case studies from members depicting unfair costs or practices....
Mortgage enquiries sink as war drags on and interest rates rise - Good Returns
3+ hour, 16+ min ago (1074+ words) Mortgage advisers say after the huge uptick in business at the end of last year when banks were offering a 1. 5% cashback on new mortgages and a record $14 billion was lent, the sink in inquiry level from first home buyers and…...
ANZ goes out on a limb and predicts three OCR rises this year - Good Returns
2+ day, 23+ hour ago (606+ words) Essentially, it sees the RBNZ becoming too uncomfortable with an OCR in stimulatory territory as inflation inevitably rises. In a research note, the bank says the risks of going too late outweigh the risks of hiking too soon as long…...
Finbase adds ex-Westpac BDM to team - Good Returns
3+ day, 10+ hour ago (157+ words) Non-bank lender Finbase has appointed Nicky Skinner as Business Development Manager. She joins Finbase following a 20-year career at Westpac. Skinner spent her career at Westpac as a Business Development Manager working with a network of more than 300 mortgage advisers…...
Advisers skipped in new sustainability guidance - Good Returns
3+ day, 14+ hour ago (530+ words) The regulator said the new disclosure was intended to give greater clarity on what good practice looked like for the disclosure and communication of financial products with sustainability-related characteristics. Dentons partner David Ireland said there was much to like about…...
OCR increases should start sooner rather than later - Good Returns
3+ day, 11+ hour ago (430+ words) ASB senior economist Mark Smith says OCR hikes are a matter of when and not if, with businesses and professional forecasters taking part in the RBNZ's latest Survey of Expectations seeing a steeper policy track over the year ahead, even…...
Macro Shocks and Micro Risks - Good Returns
5+ day, 10+ hour ago (368+ words) by Josh Wilson, Portfolio Manager The New Zealand share market has fallen -6% since the war broke out between the US, Israel and Iran. This is in stark contrast to the US share market which has risen +5% in the same period....
New Prospa BDMs - Good Returns
6+ day, 3+ hour ago (108+ words) New Prospa BDMs Good Returns. co. nz NZ's Financial Adviser News Centre Small business lender Prospa adds two new Business Development Managers. Fletcher Thorburn (pictured on the left) Fletcher joins Prospa as a Business Development Manager, bringing a wealth of…...
AIA says new product adviser-driven - Good Returns
1+ week, 12+ hour ago (206+ words) Severe Trauma has been added to its Corporate Solutions portfolio and its development is a response directly to adviser and employer demand for more affordable trauma cover. Severe Trauma provides focused cover for serious medical conditions that have a significant…...
Westpac accelerates home lending and adviser-originated loans - Good Returns
1+ week, 6+ day ago (490+ words) That compares with the $1. 72 billion it lent in the six months ended September and the $1. 51 billion Westpac lent in the previous first half, according to the bank's disclosure statements. While the loan-to-valuation table showed on balance-sheet mortgages at $72. 8 billion, its…...