News Round Up
Referral network up, Equitable launches new finance company, No rate rise expected, Extended orbit for super booster units, NZ fund now accepts UK pensions.
Monday, July 24th 2006, 5:52AM
Equitable launches new finance company While some finance companies are falling over others are springing up. Equitable has launched a new company, Bastion Finance, which will offer first ranking secured debentures.It will invest the money raised primarily in commercial second mortgage property transactions and asset finance transactions on equipment, machinery, and commercial vehicles. [MORE]
OCR likely to remain the same this week
None of the economists are expecting Reserve Bank governor Alan Bollard will shift the official cash rate (OCR) this week and neither are they currently expecting a rate cut this year.[MORE]
The Get Smart Network (GSN), headed by former Professional Investment Services business development manager Dave Birch, has launched with more than 12 clients.
GSN is a marketing referral network. "Our marketing network model is proving very attractive to advisers and accountants alike. Accountants can work with their preferred advisers and advisers don’t have to join a dealer group or pay a proportion of their revenues to access a referral network," Birch says.
Birch says the more established and experienced advisers joining the network. “These advisers are prepared to invest in their business, use specialist marketing services and frankly can demonstrate the stability and professionalism their accountant partners expect”.
Extended orbit for super booster units
Liontamer has extended the closing date for the super-booster units in its new international share fund.
The closing date has been extended to 11 August to line up with the booster units (they were due to close at the end of July).
“We'd previously predicted that advisory clients would opt for the fully protected units, but it turns out the two types are level pegging and sharing equal popularity with advisers,” Liontamer says. “We've taken the opportunity to match up the closing dates, so as many clients as possible can invest.”
NZ fund now accepts UK pensions Special Offers
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