Gateway Chief Customer Officer, Lexi Airey, said market research has highlighted an opportunity cost for borrowers who don't know what features they have available with their home loans. For instance, market research conducted on behalf of Gateway has revealed that 43 per cent of borrowers have no idea how many offset accounts they can link to their home loan, compared to 36 per cent back in 2015. Most lenders will offer more than one offset account on the standard home loan. The research went on to reveal that borrowers also struggled when it came to understanding common home loan terms: 14 per cent do not understand the term 'redraw facility'; 'offset account' (18 per cent); 'split home loan' (40 per cent); nor the do they conceive of a difference between "interest rate" and "comparison rate". The Reserve Bank of New Zealand recently launched a consultation paper with respect to the possibility of introducing stronger audit requirements for the Insurer Return and the Insurer Solvency Return. The paper sets out: the rationale for reconsidering audit requirements; the Reserve Bank's proposal and possible alternatives; anda brief discussion of possible costs and benefits. Interested parties are invited to provide comments on the questions set out and on any other issues they consider should be taken into account, by 5pm, Friday 16 December 2017. Full details can be found in this consultation paper link. Kiwibank Ltd, rated A1, A and AA- by Moody's, S&P and Fitch, respectively, has mandated ANZ on a potential 10-year Kangaroo transaction. A transaction may follow in the near future, subject to market conditions.