Fidelity responds to TOWER's hostile offer; KiwiSaver growth slows; Commission consults on standard conditions for QFEs; Nothing more than a pause.

Investors in Aorangi Securities, one of Allan Hubbard’s frozen investment vehicles, will get a 3 cent payment in the dollar this month as the statutory managers prepare to sell some of its low-hanging assets.

Tower has made a $118 million cash and scrip takeover offer for Fidelity Life, which if successful will lift its share of the life insurance market.

TOWER has today filed a takeover notice of an $118 million offer to acquire 100% of the shares in Fidelity Life.

As the debate over a possible double dip in the global economy intensifies, many optimists are taking heart from last year's sharp revival in corporate profitability, which they clearly hope will sustain, if not global activity rates, then at least global share prices over the coming months.

BOP/Waikato

South Canterbury Finance’s 35,000 debenture and deposit holders will have to wait until the middle of next month to their $1.6 billion returned.

Last week's GDP figures and the US Federal Reserve's preparedness to provide "additional accommodation" to keep long-term interest rates low have surprised everyone.

Sovereign was the only company to get a five-star rating in the Beaton Benchmarks 2010 study of life insurance intermediaries (previously WA Taylor) when both SovNet and independent advisers were considered.

Auckland

Auckland