News

ANZ senior economist Sharon Zollner crunches some housing numbers and ratios

28 October 2016

The Reserve Bank of New Zealand’s most recent M10 housing report shows the value of New Zealand’s housing stock ncreased in the June quarter. An unusually high ratio does not in itself imply a nasty correction is imminent but it can certainly be a warning light. Interest.co.nz.  More>

New Reserve Bank figures show the new LVR restrictions have been having an impact on borrowing patterns

27 October 2016

Even before officially taking effect, the Reserve Bank's new lending restrictions were having an impact on housing investors, new RBNZ figures for September, and released today (Thursday), show. Interest.co.nz.  More>

FundSource hands top gong to Fisher Funds

26 October 2016

Fisher Funds has taken the top prize at this year’s FundSource Fund Manager of the Year awards.Milford Asset Management was presented the KiwiSaver manager of the year award. Quay Street Asset Management took the boutique prize. Goodreturns.co.nz. More>

Deal increases Lifetime's reach

13 October 2016

Upcoming changes to the Financial Advisers Act have prompted advice group Lifetime to partner with AMP to deliver more training options. Goodreturns.co.nz.  More>

Morningstar 'neutral' on Fisher

7 October 2016

Fisher Funds’ KiwiSaver schemes have been rated a “reasonable option” by Morningstar. Analyst Elliot Lucas said there were “a couple of drawbacks” that stopped Fisher Funds’ conservative and growth funds from being a preferred KiwiSaver option. Goodreturns.co.nz.  More>

FMA: KiwiSaver annual report

7 October 2016

Total money in KiwiSaver funds continues to grow, but at a much slower pace than the previous two years as both returns and numbers of new members decline. FMA.   More>

FMA boss Rob Everett confident KiwiSaver providers will drop fees more aggressively once a new law is passed

7 October 2016

The Financial Markets Authority (FMA) expects KiwiSaver fees to come down more aggressively than they have since the scheme was first introduced. Interest.co.nz.  More>

The Government needs to come up with a more elegant way of letting young people use KiwiSaver contributions for buying a first home

7 October 2016

It's genuinely difficult to work out whether one should be encouraged, or mortified, by the big numbers of young people now emptying their KiwiSaver piggy banks to buy first homes. Interest.co.nz.  More>

Acceptable trading behaviour questioned

7 October 2016

Portrait of Mark Warminger as an aggressive, emotional trader emerges as his trial for market manipulation at the Auckland High Court continues into its second week. Goodreturns.co.nz.  More>

LVRs: 40pc may not be the end of the rules

7 October 2016

Loan-to-value restrictions were officially introduced this week, limiting banks' ability to lend to property investors with less than 40% equity in the deal. BNZ chief economist Tony Alexander said the Reserve Bank will probably raise the minimum from 40% next year and implement restrictions on mortgage sizes as a multiple of household incomes of the borrowers. Goodreturns.co.nz.  More>