ANZ National get a guarantee; KiwiSaver a priority for National; Comment: Changes, changes, changes; Pure performance for portfolio

Rotorua

Friday was looking like a bit of a dull news day for a while, but that has been fixed by two of the industry’s more flamboyant characters.

Two of the five founding members Brook Asset Management are leaving the firm.

The National Party’s proposed changes to KiwiSaver have some pros and cons for employers, consultancy firm Aventine says.

The life insurance business set up by Money Managers has been put into voluntary administration and it is understood the policies will be transferred to a major insurance company.

Christchurch

The business set up to distribute life insurance through Money Managers has been put into voluntary administration and it is understood the policies will be transferred to a major insurance company.

Wellington

The problem of finance companies paying interest rates unrelated to the risks of the investments will continue under the government’s deposit guarantee scheme, the Reserve Bank says.

Wellington

PGG Wrightson Finance, the rural financing unit of PGG Wrightson, plans to raise as much as $75 million selling bonds that trade on the NZX debt market.

Wellington

Auckland

SBS has seen investment growth of over $75 million in the first month of trading as the country’s newest bank.

Borrowing strategies for people with home loans are changing as New Zealand starts on the next part of its interest rate cycle.