The New Zealand Superannuation Fund confirmed today that, as previously signalled, it has filed legal proceedings in the Portuguese courts against the Bank of Portugal.

Kiwibank's sister company Kiwi Capital Funding Limited is considering making an offer of up to $150 million of perpetual capital notes to the New Zealand public.

Being on the end of a court case from a client hasn't put Carey Church off being a financial adviser.  In fact it's helped her. 

[UPDATED WITH FMA, MILFORD COMMENT] Milford Asset Management has had a $281 million mandate suspended while an investigation into alleged market manipulation continues.

The Guardians of NZ Superannuation, who manager the NZ Superannuation Fund, have announced Milford Asset Management's mandate has been suspended.

BNZ has axed its "Classic" home loan range which has been used to strategically to target parts of the lending market.

Thirteen Mike Pero Mortgage franchisees have served notice on the company that they will not be renewing their contracts.

NZ Super Fund says it is making good progress in appointing an external manager to replace AMP as its manager of NZ equities. But it says it may end up managing the investments in-house.