Z Energy, formerly Greenstone Energy Finance, has called off an immediate additional bond issue after deciding the timing isn't right.

AMP Capital Investors has appointed Peter Verhaart to the newly created role of chief investment officer, New Zealand.

Geoff Peterson has been elected to the board of the Professional Advisers Association (PAA).

OnePath is closing its troubled mortgage fund. This fund has $45 million invested in it and has 761 members. Around $11 million of the fund is invested in the Australian-domicilied LM Mortgage fund.

Reserve Bank governor Alan Bollard left interest rates on hold but gave strong signals that increases are coming soon.

OnePath has decided to close its $179 million Private Portfolio Service (PPS) Superannuation fund as well is the PPS Mortgage trust which invests in the troubled LM morgtage fund.

Former National Finance 2000 director Trevor Ludlow has been convicted in the Auckland District Court of seven charges under the Crimes Act after an investigation by the Serious Fraud Office (SFO).

New Zealand's fund managers are predicting longer-term strength in the New Zealand dollar and stronger economic growth as the year progresses.

Morningstar has appointed Grant Kennaway to the newly created position of head of fund research, Asia-Pacific.

New appointments at the Financial Markets Authority mean the role of Director, Financial Adviser Regulation has been disestablished.

HSBC New Zealand is offering its high net worth Premier customers the first three months of their life insurance premiums free when signing up for a policy with the bank.