Shifting the dial on good advice
Some financial advice providers are taking an overly conservative approach to meeting their regulatory obligations, the Financial Markets Authority (FMA) says.
Some financial advice providers are taking an overly conservative approach to meeting their regulatory obligations, the Financial Markets Authority (FMA) says.
FMA chief executive Samantha Barrass says it will want to understand the reasons for this, particularly to check that business models are not being skewed by an unnecessarily cautious approach to compliance thereby creating...MORE»
Next big issue for mortgage advisersFriday, February 7th, 10:39AM
The question hovering on mortgage advisers’ lips is when they should start pointing clients to longer fixed interest terms on their mortgages. MORE» |
Number of mortgage holders behind in payments up 1,100 in one monthTuesday, February 4th, 1:57PM
Mortgage arrears are increasing – up 7% year on year in December, the latest Centrix data show. MORE» |
Wave of mortgage inquiry for advisers
A surge in business for mortgage advisers in the first month of this year has come off the back of nearly 9,000 new property listings, the highest since January 2015.
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TSB Bank is calling for changes to bank capital rules and other regulatory changes to create a level playing field for the smaller banks so they can better compete against the big four Australian-owned banks.
MORE»Luxon sacks FEC chair Stuart Smith without explanation
The chair of parliament's finance and expenditure committee (FEC) changed last week without any formal announcement or explanation, casting doubt on whether the government's intentions to make meaningful changes to the banking sector.
MORE»Switching banks takes a huge chunk of mortgage money
Nearly a quarter of all mortgages loaned in December went to borrowers switching banks – an increase of 94.8% over a year.
MORE»RBNZ warns interest rates unlikely to return to pre-covid levels
Reserve Bank chief economist Paul Conway has added his voice to those warning that interest rates, and therefore mortgage rates, aren't likely to return to pre-covid levels.
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