FAMNZ boss leaves
The head of adviser association, FAMNZ, is hanging up his shingle leaving the New Zealand seven months after the country head resigned.
Finance and Mortgage Advisers Association of New Zealand (FAMNZ) and Finance Brokers Association of Australia (FBAA) managing director Peter White is leaving once a successor is found.
White, who has more than 45 years in the finance industry, has been with the 14,000 member FBAA for 23 years, starting out as a volunteer before moving to senior leadership roles, including national president,...MORE»
Predictions for next week's OCR announcementThursday, February 12th, 8:25PM
OCR expected to be held at 2.25% at first review of the year. MORE» |
ASB accelerates mortgage lending and profit marginsWednesday, February 11th, 11:13AM 4 comments
ASB Bank continued to accelerate its mortgage lending at above its market share in the six months ended December and managed to lift its profit margin as well. MORE» |
Big move back to two-year fixed interest rates
Two-year fixed interest rates surged back into popularity with home owners taking out new mortgages in December.
MORE»Challenger aims for a stake in Pepper Money
Australian annuities player, Challenger, has made an offer to acquire listed non-bank lender Pepper Money.
MORE»Investors no longer sitting on the fence as mortgage pile rises
The mortgage pile for residential investors is rising faster than that for owner-occupiers.
MORE»Cost of living dropping as mortgage interest rates tumble
Mortgage interest payments falling 17.3% last year kept the cost-of-living hikes for the average household at just 2.2%.
MORE»Fewer complaints against advisers
Dispute resolution scheme Financial Services Complaints says it has received fewer complaints about financial advisers in the second half of last year than in the same time a year earlier, even as overall complaint numbers rose.
MORE»