[Weekly Wrap] DominatING headlines again

Friday, June 19th 2009, 4:54PM

Are you sick of hearing about the ING roadshows yet? (If not, have a read of my Blog and one from David Chaplin).

It seems ING can't stay out of the headlines as the other big story here was news, first reported by Good Returns, that Naomi Ballantyne was stepping down as MD at ING Life. There is a little Blog on the story here, but more importantly comments from readers. If you would like to comment, or post a message to Naomi go to the comments section.

The other ING story yesterday was the Securities Commission putting out a release saying the investors in the DYF and RIF funds need to consider their options carefully before deciding which of the three offers on the table they want to take up.

Another major piece of news on Good Returns is the latest from the Securities Commission on how the advisory industry should be regulated. Our story also has a full copy of the report. This is essential reading for every adviser in the country. You can grab your copy here.

This is a story we will do more on next week, in the meantime if you have any comments or thoughts about what is being proposed, drop me a line at editor@goodreturns.co.nz.

To round off the big stories of the week, you need to see the views from the ISI which say that the days of advisers earning commissions on the sale of investment products are numbered. This is a fascinating story as I suspect it is not as black and white as it appears. It will be interesting to see if all the ISI members agree with this and whether it will extend to life insurance too?

In our People news, besides the Ballantyne departure, we have big changes at AMP Capital, and new advisers at Triplejump and Macquarie.

Late last week we launched a new website covering the home loan market. While Good Returns continues to run home loan rates and news, the new site www.mortgagerates.co.nz has even more information. Included is a wrap on what the economists and experts are saying. The Experts View section is a one-stop-shop for your economic wrap. Have a look at it here.

The good news this week for investment markets was around KiwiSaver performance numbers. FundSource tells us that most KiwiSaver funds are back in the black, and we understand the country's big saving fund, the NZ Super Fund, also produced some positive figures.

Depositrates.co.nz has had a big week. The most popular story has been one reporting on concerns over cash PIE funds.

We also have a feature, Bond Focus, which examines what is happening in the bond market. Other stories report on PSIS and ING's funds. You can read them at www.depositrates.co.nz.

Have a great weekend. Philip www.goodreturns.co.nz

« Solving the ING Rubik’s cube

[Weekly Wrap] So, what do you think? »

Special Offers