The Christchurch-based Lifetime Group has appointed a general manager and Warren Stephens has now become the company's chief executive.

LM Investment Management’s administrators plan to ask Deutsche Bank for an additional loan on top of the $40 million it has advanced to the frozen LM First Mortgage Fund.

The Co-operative Bank has an attractive three-year special home loan rate, is reviewing one of its floating rates and started a push into the Auckland market.

Banks may soon have to hold more capital to offset high loan-to-value home lending, the Reserve Bank has indicated. And one expert says that may lead to higher interest rates.

Only 9% of New Zealanders think the country's superannuation is enough to live on in retirement, survey results released by the Financial Services Council show.

South Canterbury Finance receivers sign off at the end of the month,  having retrieved $774.4 million.

The future of advisory firm Perpetual Trust is uncertain following an announcement from its owner Pyne Gould late on Friday.

LM Investment Management will not confirm whether advisers’ commission payments will be paid out as normal while it is in voluntary administration.

Proving their Ross Asset Management portfolio gains were fictitious is up to investors, according  to the latest update from the Ross Asset Management receivers.

Bill Wilder, president of Nikko Asset Management, is to retire at the end of the month.

Charles Beazley will take over for the next financial year.

Wilder joined the firm in 2004. He has been a member of Tyndall NZ's board of directors since Nikko AM's acquisition of Tyndall in March 2011.

Hamilton adviser Glen Williams has joined Plus4 Insurance Solutions,  the national insurance broking and financial adviser group.

New Zealand house prices are increasing at such a pace that the Reserve Bank should act now, says TD Securities economist Annette Beacher.