Another payout for Dominion Finance investors; Perpetual gives Dorchester sign-off to go to investors; Sky City buys back capital notes.

Wellington

TOWER Health & Life says that it is going to increase its life insurance premiums by 7% due to impending tax changes.

[UPDATED] Finance Minister Bill English has heeded the calls by the Reserve Bank to help boost incentives for savings by cutting tax on investment vehicles, including PIEs, to 28%. [includes ISI comments]

Christchurch

The Serious Fraud Office has lined up two more charges for failed financier Bridgecorp's directors Rod Petricevic and Rob Roest, taking the total value of alleged fraud by the pair to $5.2 million.

South Canterbury Finance has recovered $202 million of outstanding loans since the start of the year and says its specialist asset management team is making good progress with non-core and non-performing debt.

AXA Global Investor’s Head of Investment Strategy Keith Poore talks about investment themes that have been effective in the past six months.

Waipuna Hotel, Auckland

Hamilton

Fisher & Paykel Finance, the unit of Fisher & Paykel Appliance Holdings, has been approved by Treasury to participate in the extended New Zealand retail deposit guarantee scheme.