Hanover’s investors will find out today details of the company’s restructure package, which is likely to include significant shareholder support, along with plans to repay debenture holders all their principal.

Beliefs are the premises and assumptions that we hold about how the world works, like how we should behave and what we’re capable of. They are very powerful because we hold our beliefs to be “the truth,” and so they become the truth for us, leading to self-fulfilling prophecies.

Tracey Berry, consultant to Kiwibank since May on PIE, KiwiSaver, Insurance and Wealth Management has recently accepted their new role of General Manager Wealth.

Morningstar has reassessed Brook Asset Management's fund ratings following the news that two of its founders are leaving, and decided to put them on hold. Last week Brook announced its co-founders Simon Botherway and Paul Glass were leaving the firm.

Gold Coast, Australia

Market statistics for life insurance at the end of September 2008, released by the Investment Savings & Insurance Association, showed a strong 9.5% increase over the past year. Total premiums for inforce life insurance policies increased to $1.512 billion compared with $1.381 billion as at 30 September 2007.

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.