TOWER was the only insurer to have a decrease of in-force risk and group insurance premiums in the March quarter dropping by around 600 according to Investment Savings and Insurance (ISI) Association statistics.

ANZ has changed the way it runs its advisory business since the ING Diversified Yield and Regular Income funds were frozen.

Allan Hubbard’s fall from grace masks the fact South Canterbury Finance is offering the fattest government-guaranteed returns anywhere in New Zealand.

Heads should roll at the Securities Commission if the severity of its action relating to South Canterbury Finance founder Allan Hubbard proves to be unwarranted, says John Kidd, the head of research at broking firm McDouall Stuart.

Failed finance company Bridgecorp’s directors Rod Petricivic and Rob Roest pleaded not guilty to eight new fraud charges under the Crimes Act and two under the Companies Act, according to reports.

The Securities Commission welcomes the settlement achieved between the Commerce Commission and ANZ National Bank Limited (ANZN) and ING (NZ) Limited (ING).

The following is ANZ's statement about its settlement with the Commerce Commission over the way its CDO-backed funds were sold

Standard and Poor's has cut South Canterbury Finance's credit rating by two notches after the government put the embattled finance company’s owner Allan Hubbard and some of his interests into statutory management.

The Commerce Commission has reached a record $45 million settlement with ANZ over the promotion of ING’s Diversified Yield and Regular Income Funds.

The death of both parents when he was age 19 led Andy Andrews to a string of bad choices resulting in becoming homeless. One night under a pier on the Gulf Coast, he met an elderly man who gave him three biographies of successful people. Reading these and many more biographies, he identified seven decisions that led these people to greatness. Andrews altered his destiny for the better when he began to apply these decisions to his life: