Guardian Trust has announced that it will make the first repayment of capital to investors in the Guardian Mortgage Fund on 16 March. The initial partial redemption will comprise 15% of each investor’s holdings in the Fund.

Trevor Tiplady has joined the Loan Market team as a mortgage broker.

AMP Capital last night was named the Morningstar Fund Manager of the Year with a strong showing across a number of asset classes.

The government’s deposit guarantee scheme is set to have its first test-run, as of today.

Insurance companies are being called on to front up and assist advisers who may have difficulties in complying with GST on insurance commission.

Rodney Deacon is joining the Mint Asset Management team as an equity analyst.

Contact’s proposed fixed bonds rated; Final Provincial payout; Bridgecorp directors appear in court - again

Goldman Sachs, Bancorp named Medical managers; Getting excited about Grosvenor; Senior staff to take over ABN Amro Craigs; IFA Independent Director sought

If there was a common currency in this week’s news, it was ING. The company featured in a lot of stories, however the week didn’t end with an ING.

Southern Cross Healthcare and Medical Care Society have three new team members.

Christchurch

Giant US based insurer American International Group (AIG) is expected to report one of the biggest losses in history and is revisiting it asset sales programme.

Auckland

Life insurance business continues to show strong growth in the current challenging market conditions, according to statistics released by the Investment Savings and Insurance Association (ISI).

Wellington