Size of adviser levies revealed
Monday, June 13th 2011, 8:32AM
Morning all. Well it's an unusual Monday as we have lots of news, although there are no changes to home loan rates.
The drip feed of information from NZF continues and late Friday the company announced some details of its new funder who will end up owning a majority stake in the profitable NZF home loan business. The two likely candidates are Liberty and Resimac.
For mortgage brokers and advisers we have news on how much they will have to pay to fund the Financial Markets Authority and the Financial Adviser regulation programme. Details, including the discussion document, can be found here.
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