Whangarei

Trustees respond to teh government's comments over their role in supervising KiwiSaver schemes.

Maurice Trapp's insurance group Minerva is to take over running PIS in New Zealand following the resignation of PIS general manager, David Keys.

MARAC Finance has been approved under the extended Retail Deposit Guarantee Scheme.

The Reserve Bank left the Official Cash Rate (OCR) unchanged today which is good news for borrowers.

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.5%.

Money laundering risk in the financial adviser industry is to be assessed in a survey by the Securities Commission and this will also help financial advisers to identify suspicious transactions.

Kiwibank is considering raising up to $150 million through the sale of perpetual preference shares to the public.

A new redundancy and life insurance product called Stop-Gap has exceeded launch expectations as unemployment during the recession highlights the need to be covered.

Auckland

Trading banks will no longer have access to government-guaranteed wholesale funding after the scheme - a response to the 2008 global financial crisis - closes on April 30, Finance Minister Bill English announced today.