The risk of a “double-dip” in New Zealand’s economic fortunes has been reduced now that the recovery has more than just housing to fall back on, this week’s ASB Business Weekly suggests.

Commonwealth Bank of Australia, the parent of ASB, said the deposit rate competition in New Zealand was damping its profit margin, in its September quarterly update, after it boosted its rates over the weekend.

Wellington

OneSure and Future Plan tie the knot; Risk provides returns

Mixed week for investment rates; Goodman Property Trust looks to offer bond; Transpower joins flood of power companies in the bond market.

Hamilton

Auckland

In the wake of the Consumer Survey it is no surprise to see Gareth Morgan calling for a ban on commissioned advisers. Here's what he has to say.

Wellington

A Consumer investigation that found the level of advice from financial advisers to be "scandalously poor" is another blow to the public's confidence in the industry and will eventually "weed out" those practitioners who are bringing the sector down.

Retirement Commissioner Diana Crossan says Consumer research which shows the advice New Zealanders receive from some financial advisers is ‘scandalously poor' will further undermine the confidence of investors who are already feeling burned by the global financial crisis.

Legislation allowing New Zealanders returning home from Australia to bring their retirement savings with them will be introduced to Parliament in about two weeks, Finance Minister Bill English says.