Chartered Financial Analyst (CFA) Louis Boulanger, one of the founders and first president of the society, has recently been elected Global Investment Performance Standards (GIPS) Council chair.

Despite the recent upheaval at Brook Asset Management, research house Morningstar now believes that its Tasman fund is an investible option.

Auckland

Normally we don't hear too much about the Investment Savings and Insurance Association (ISI) and what it's up to. This week has been the exception - and for all the wrong reasons.

Use of platforms will no longer be a barrier for advisers wanting to claim independence, the latest version of the draft Code has confirmed.

South Canterbury Finance clawed back more than $50 million in outstanding debts over the June quarter as it approaches a $500 million "wall of maturities" of debentures coming due in October.

Wellington

Twelve lenders dramatically reduced their long-term fixed rates between two to five years over the last week with four lenders dropping their five-year rate by more than 70 basis points.  

The Securities Commission has accused the directors of failed financier Dominion Finance and its sister company North South Finance of misleading investors, and has laid criminal charges and civil proceedings against them.

The Securities Commission has accused the directors of failed financier Dominion Finance and its sister company North South Finance of misleading investors, and has laid criminal charges and civil proceedings against them.