Allied Farmers has confirmed that a short time after its acquisition of Hanover assets it became concerned about certain Hanover conduct prior to the purchase, and immediately raised those concerns with regulators.

The Serious Fraud Office has launched an active investigation into Hanover Finance, after preliminary enquiries found reasonable grounds to "believe that fraud had been committed."

Equitable brings curtain down; Adviser regulation date this week; Increased support for responsible investment; Newpark launches investment services for RFAs.

Hanover Finance has called in the lawyers to pursue Allied Farmers over allegedly attempting to "evade various contractual obligations to Hanover."

Grant Thornton's fifth Hubbard report has found tardy interest payments by Aorangi Securities' borrowers continues to slow progress for the statutory managers with a total of $5 million still outstanding.

Shareholders of Pyne Gould have approved the proposal that will turn their finance company, Marac Finance, into 71% of a new, NZX-listed "heartland" bank.

Former National Finance accountant John Gray has been sentenced to 18 months imprisonment after pleading guilty to charges of theft by a person in a special relationship at Auckland District Court.

A new standard for the disclosure of fees and expenses for the funds management industry, has been set and will take effect from April 1.

Jenny Campbell announces her departure from NZF.

Harbour Asset Management today announced that Christian Hawkesby will be joining the business to head up their newly created fixed income team.