The government-appointed statutory manager over Timaru millionaire Allan Hubbard and part of his empire has frozen the assets of another investment vehicle, saying it has “added another complexity” to the investigation.

Credit Union South looks to tap short-term money in quiet week.

Kiwibank margins put under pressure; PGG Wrightson Finance looks to push out listed-bond maturity: Fidelity to pay coupon; SBS flags bonus payments to charities.

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.