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Mortgage Rates Commentary

Dec 6 will be telling for monetary policy

Friday 26th of October 2012

Graeme Wheeler's first OCR announcement as Reserve Bank governor is out of the way and many people have made comments on it. One of the more interesting ones was this from Deutsche Bank economist Darren Gibbs.

"The next Monetary Policy Statement – the first to be presented by new Governor Graeme Wheeler – will be released on 6 December, and will reveal far more about the new Governor’s views on the economic outlook and the outlook for monetary policy. Whilst we doubt that a rate cut was considered seriously today, we expect that a rate cut will be on the table for discussion as a policy option at the accompanying December policy review."

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Doesn't this result call into question the criticism from certain quarters that Mortgage Advisers are driven predominantly by commission considerations?
2 hours ago The Laird
FMA wants clearer fees
@first time caller - I can see the complexity you highlight, but as above, investors should be able to see what they are paying without having to reference multiple documents. Investment admin can track and report deductions for tax, withdrawals, fees et al, would be /should be straightforward to aggregate advice fees into costs at member level... at least I hope so.
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