Kiwbank chief executive Sam Knowles has announced he will be resigning after 10 years involvement in setting up and then leading the company.

Auckland

Fisher and Paykel Finance has adjusted its long-term rates now it has been accepted into the extended Government guarantee scheme.

Mercer has named Graeme Mather as market business leader for its Investment Consulting business in Australia/New Zealand, as the company continues to strengthen its leadership in the Asia Pacific region.

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.