Wellington

Statistics released by QV continue to indicate steady growth in the residential property market, as residential properties increased in value by 14.9% over the year to September, up from 14.7% annual growth to August.

The big news this week was the big boy’s replacement at ING. As we all know Paul Fyfe is hanging up his hat next year as the head of ING in New Zealand. The company has been looking for his replacement and appointed a guy out of ING in the United States to fill the role.

Personal finance retailer Instant Finance NZ Limited (IFNZ) has had its B3 investment grade rating reconfirmed by global corporate credit rating agency Rapid Ratings.

Election promises may have been a contributing factor in the recent lift in residential property prices and sales, sales Auckland property services management group Crockers.

A body representing work-based savings schemes isn’t happy with the proposed changes to the way collective investment vehicles are being taxed and wants the government to rethink the issue.

ING New Zealand has confirmed the appointment of Marc Lieberman as its new managing director who will replace Paul Fyfe when he retires next year.

September was the month of elections. Tyndall Investment Management New Zealand Ltd managing director Anthony Quirk reflects on another two elections which took place around the globe.

BankDirect has launched a 100% home loan product which it says will make it easier for first home buyers to get on the property ladder.

Elders changes name, St Laurence (finally) sell Viaduct Carpark, ING and Nat Bank tie knot and the latest in Deposit rate news.