ANZ's bill for ING funds revealed; Moodys has negative outlook for structured credit; TNP and Adviser Link form alliance

This week has seen quite a few winners and also some who haven't fared that well.

Christchurch based The Insurance Clinic’s Stephanie Wiki picked up the two top awards at the PAA Adviser of the Year Awards last night.

Rotorua

The New Zealand Superannuation Fund (NZS) has hired former Goldman Sachs JB Were executive, David Iverson as senior investment strategist, portfolio research team.

AXA has finally achieved its goal and bought the former Vestar/Northplan financial planning business currently under the control of Gould Wealth Management.

Auckland

Auckland

Next week’s official cash rate announcement from the Reserve Bank is expected to bring more good news to borrowers.

AMP is the latest corporate to go to the market with a bond offer. It has launched a listed debt called the AMP Notes which is expected to pay a rate between 8.40% and 8.90%.

Equitable Mortgages and Equitable Life Insurance has had its long-term ratings lowered to BB from BB+ by Standard & Poor’s.

Morningstar has announced the winners in the Morningstar Fund Manager of the Year Awards 2008. This marks the 17th consecutive year we have presented these Awards.

AIG has reported a record fourth quarter loss of US$61.7 billion and said that it is planning to separate Hong-Kong-based AIA from the American parent company. AIG Life New Zealand is part of AIA.