St Laurence Property & Finance (SLPF) has reported a net after tax loss of $87.2 million for the year to March 31, blaming the loss largely on property writedowns.

Wellington

Investors in failed finance companies should look first to sue the directors of fraudulent finance companies when seeking damages, not the financial advisers who relied on supposedly credible prospectuses to base their recommendations, according lawyer Brian Henry.

Sue directors not advisers; Would you like capital protection with that fund?; Outlook for emerging markets positive; Sharebroker merger rumoured.

Auckland lawyer, insurance executive and governance adviser, Giselle McLachlan, has been appointed as an Independent Director of the Institute of Financial Advisers (IFA).

Auckland

Plans to suspend contributions to the New Zealand Superannuation Fund until 2021, announced in today's Budget, are a short-term action and could bring long-term pain, according to consulting, outsourcing and investments firm, Mercer.

Wellington

ING Life to support clients who lose their jobs during the current economic downturn.

The National government's first Budget is something analysts like AXA Global Investors chief economist Bevan Graham will be watching closely to see if there are any surprises.

Christchurch

Wellington