Commissions must go to improve the quality of advice given to investors, as they encourage advisers to hard-sell products relative to their own remuneration, Parliament's Commerce Committee heard in a submission.

Domestic and international equities remain in favour with New Zealand investment managers in the lead up to the festive season Russell Investments' latest quarterly survey shows.

Wellington

Bank of New Zealand and Rabo upped their long-term deposit rates in a mid-week flurry of movement in the ongoing competition for domestic retail funds.

Hanover investors have voted by the narrowed to margins to accept the debt for equity swap put up by Allied Farmers.

Investors in Hanover Finance voted to accept shares in Allied Farmers, betting that the asset swap offers the best hope of recovering the value of their investments.

Auckland

Retail investors need warning labels on high risk products, simpler disclosure documents, and a deeper range of choices to put their money into, says the Capital Markets Development Taskforce, in its report released this morning by Commerce Minister Simon Power.

Strategic Finance is talking down expectations that investors will receive their first repayment next month.

Developments on disclosure requirements for advisers; Relief for employers helping out with super savings; First disputes resolution scheme application received; AIA selects Hong Kong as listing venue

Equitable Mortgages has eye on extended deposit guarantee scheme; Guardian Trust hoses down criticism of indemnity clause in Hanover deal; Battle of the credit unions.