Despite the changes to KiwiSaver announced in the last Budget the scheme remains the best long term savings vehicle for most New Zealanders, according to the Investment Savings & Insurance Association (ISI).

[UPDATED] South Canterbury Finance's (SCF) receivers have sold more than $100 million in commercial loan assets to GE Capital's New Zealand equipment finance business.

Private wealth management and investment services provider JBWere has announced Mark Joiner will be appointed as chairman of its board of directors following the news Michael Ullmer is stepping down.

Harbour Asset Management has launched its Harbour NZ Core Fixed Interest Fund (Fund).

Chapman Tripp says the Budget changes leave KiwiSaver intact, but with war wounds.

The KiwiSaver changes announced in the Budget do not alter the need for people to save for their retirement, but they will make the journey to your savings goal much tougher.

Heartland New Zealand still faces many obstacles before it can gain a banking licence, says accounting firm KPMG.

The Budget revealed continued baby steps towards a more sustainable retirement income system for New Zealand, Mercer says.

The compliance costs for businesses of administering KiwiSaver contributions continue to mount with each change to the scheme, says Deloitte tax partner Greg Haddon.

The following are the key changes the government is making to KiwiSaver.

Ratings agency Moody's has downgraded the big four Australian banks on the back of worries around wholesale funding.

Russell Investments has established a new partnership with local investment management company Implemented Investment Solutions led by industry veteran Anthony Edmonds.

Harbour Asset Management has published its market commentary for May and outlining its investment strategy.

More than a third of MPs are members of a KiwiSaver scheme, according to the latest register of pecuniary interests.