Liontamer has released its latest capital protected fund, the seventh one of its type created by the fund manager to target the commodities sector.

Health insurer Unimed has been given a financial strength rating of A- (Excellent) and issuer credit rating of “a-” by international ratings firm AM Best.

Allan Hubbard's Southbury Group and subsidiary Southbury Corporation probably owe much more than they're worth, including nearly $190 million to 100%-owned South Canterbury Finance (SCF)

The Treasury acknowledged ahead of the Budget that changes to KiwiSaver would create “uncertainty and unpredictability which is not helpful or encouraging to individual savers.”

The Financial Markets Authority's (FMA) new advertising campaign, with the tag line 'cowboys belong in the movies, not the financial markets' has sparked anger among advisers and a formal complaint to the Advertising Standards Authority.

Changes to the number and nature of KiwiSaver default scheme providers is "worth examining in slower time", according to a Treasury paper on Budget 2011 KiwiSaver reforms.

Australian firms exempt from Financial Advisers Act; Number of KiwiSaver default schemes ‘worth examining'; Long wait for Hubbard investors; Sir John Anderson to chair Financial Summit.

Tower has announced the appointment of Michael Allen as a director to the boards of Tower Ltd and Tower Capital Ltd.

Just one day before the new adviser regulations come into force some advisers plan to continue in business unregistered and “wait and see what happens”, according to Insurance and Savings Ombudsman (ISO) Karen Stevens.