The competition for deposits in the 12-month to two-year space tightened this week as financial institutions hiked their offers to attract money maturing over the next two years.

Insights on where the KiwiSaver market is headed.

In this interview, TOWER Investments CEO Sam Stubbs discusses trends emerging in the KiwiSaver market. An expert on the managed funds industry, Sam has recently been appointed to the government's advisory International Fund Services Development Group chaired by Craig Stobo.

Investors in Nathans Finance may be in for tougher times ahead with the latest update on the failed finance company’s receivership flagging a “significant loss” for debenture holders.

Tauranga

Auckland City

There have been a series of role changes at Sovereign including Mark Collins, formerly general manager aligned channels appointed as general manager institutional and Mike Weiss formerly head of Institutional Business appointed to general manager ASB Bancassurance.

Sovereign's former head of workplace Adrian Riminton has been appointed as general manager adviser distribution.

Mike Pero Mortgages has signed up to the recently government approved disputes scheme, operated by Financial Services Complaints Limited (FSCL).

The prospect of an increase in the official cash rate increased slightly yesterday on the back of a speech by Reserve Bank Governor Alan Bollard.

New Zealand's recovery from the Global Financial Crisis is entering a new, less fragile stage, which will allow monetary policy stimulus to be removed, Reserve Bank Governor Alan Bollard said today.

Christchurch

Dunedin