Weekly Wrap: More people changes
Good Returns' Weekly Wrap provides you with a summary of all the most important news stories in the financial services industry.
Saturday, June 9th 2007, 9:33PM
Last week’s Weekly Wrap had news of changes at TOWER with its New Zealand shares team and also the retirement of Marshall Garrett from planning group Broadbase.
This week we can reveal that Brook Asset Management is about to get a new managing director.
The past week has been a funny old one news-wise, partly as it was a short week with Queens Birthday. Perhaps the biggest news was the unexpected increase in the Official Cash Rate by the Reserve Bank. The Good Returns Mortgage Centre has all the latest on this.
Amongst the planning industry it has been interesting to watch the on-going consolidation. The latest developments are the further grouping of the Grosvenor group.
Tranzact, the ASX-listed entity which is almost 60%-owned by Grosvenor, has merged the two advisory practices it bought in April with another two Rutherford Rede businesses.
On the People front we record the interesting changes at the IFA Board, and report on a new business development manager at the Auckland Mortgage Trust. Added to this we have news of a bit of role swapping at Fidelity Life.
Also in Insurance News we have a useful piece on what the hot jobs in the insurance sector. This piece also gives you an idea how much underwriters and business development managers are getting paid.
KiwiSaver is dominating news at the moment.
If you are interested in KiwiSaver then you need to get your hands on next week’s issue of ASSET. In includes a full report on how advisers are planning to provide advice in this area, plus has results from our exclusive survey of advisers.
Also in the June ASSET is a comprehensive survey of home equity release schemes.
To get our hands on ASSET either call 0800-345675 or send an email to mags@assetmagazine.co.nz
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