Over the past three years, lo-doc lending has emerged as a force in the Australian and New Zealand residential mortgage market. While still a small percentage of the market, based on worldwide trends Bluestone estimates that around 15% of all new lending will be done in a lo-doc format within the next two to three years, with the non-bank sector writing proportionally more of the market.

Over the past three years, lo-doc lending has emerged as a force in the Australian and New Zealand residential mortgage market. While still a small percentage of the market, based on worldwide trends Bluestone estimates that around 15% of all new lending will be done in a lo-doc format within the next two to three years, with the non-bank sector writing proportionally more of the market.

Over the past three years, lo-doc lending has emerged as a force in the Australian and New Zealand residential mortgage market. While still a small percentage of the market, based on worldwide trends Bluestone estimates that around 15% of all new lending will be done in a lo-doc format within the next two to three years, with the non-bank sector writing proportionally more of the market.

Tyndall Investment Management New Zealand Ltd managing director Anthony Quirk comments on the state of the markets.

Minister of Commerce Hon Margaret Wilson recently addressed the Wellington Branch of the Financial Planners and Insurance Advisers Association.

The government will clarify the income tax rules on transfers of assets at death and liabilities to beneficiaries, Revenue Minister Michael Cullen has announced.

New consumers set the agenda for financial planners.

Today’s intermediary needs to be part-time psychologist, self-promoter, technologist and economic astrologer. Margins are tight, regulations impossibly strict and consumers more discriminating than ever.

ING is buying the management rights to the Urbus property group (formerly Waltus) for $25 million.

Auckland

ING is launching a new Australasian share fund that has an absolute return focus.

Wellington

Wellington