The September quarter was the largest positive net funds flow period for the retail managed funds industry for the calendar 2010 year.

The Serious Fraud Office is still in overdrive, adding Dominion Finance and its sister company North South Finance to a growing caseload.

Tower has put its hostile takeover bid for rival Fidelity Life on hold.

The Commissioner for Financial Advisers has taken the last formal step required for the introduction of the new financial advisers regulatory regime by gazetting the Code of Professional Conduct for Authorised Financial Advisers.

Cabinet has approved regulations which set out the details of disclosure statements required under the Financial Advisers Act, but it has also decided to make more changes.

The official cash rate has been kept at 3% due to weak spending and a soft property market, however some tightening is still expected.

Former BNZ Head of Private Bank Ralf Hohwieler is the latest in a series of senior appointments by Perpetual Group.

The statutory managers for some of the business interests of Timaru millionaire Allan Hubbard are warning investors to be wary of a bogus survey being conducted on two of frozen investment funds.

Former director of collapsed finance company Five Star Consumer Finance, Marcus Arthur MacDonald, has pleaded guilty to charges of theft by person in a special relationship at Auckland District Court.