Ralph Stewart’s Retirement Income Group is looking to raise up to $2 million in new capital to help grow the business which includes working with KiwiSaver providers and running a new super fund for UK pension transfers.

Next week there will no doubt be a lot of focus on what the Reserve Bank says at its official cash rate and monetary policy statement announcement. The firm view is that the OCR will come down and that banks will not pass on all the decrease in their floating rates. The reason for that is simply that they are under cost pressures across their businesses and this is a simple way to claw back some savings.

RESIMAC says it will continue lending up to 80% but it is making some changes to its products and pricing to help manage the mix of owner-occupied lending and property investment loans.

BNP Paribas Investment Partners has appointed James Langlands as head of its advice business for Australia and New Zealand.

Perpetual Guardian plans to raise up to $150 million through an initial public offering and stock market listing.

New Zealand’s leading fiduciary services business, Perpetual Guardian, plans to raise up to $150 million through an initial public offering and stock market listing.