Tower's $242 million conservative fixed interest fund is being wound up as it is uncompetitive under the new tax rules and faces a stiff challenge from banks.

ASB's new sustainability fund, Greens call for more SRI funds, Liontamer extends offer period.

Bluestone Mortgages has effectively ceased lending in the New Zealand market except for equity release loans, as part of major reorganisation of the Australian-based business.

Investors in Nathans Finance are still unaware of how much of their money they will receive from the failed finance company which collapsed seven months ago.

Five Star Consumer Finance investors area getting their first payment, however they have also been told they are likely to recover less of their investment than previously indicated.

This week in Money at Work we review the National Bank's new PIE compliant cash fund.

Hanover Finance has confirmed its audited profit before tax of $17.2 million for the six months to December 31 and says cash reserves at the balance date were "just over $80 million".

An innovative website that enables anyone to work out what level of life insurance they need and how much it will cost them has just been launched.

While there is very little good news for borrowers over recent months there has been the slightest glimmer of hope this week.

South Canterbury Finance has purchased part of the loan book held by Finance and Investments from receivers PricewaterhouseCoopers.

Investors offered opportunity for global investment spread and sustainability through NZ's first Global Sustainability Investment Fund
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Auckland

Fisher Funds has been given a recommended rating from research house Morningstar, which says the manager "remains one of the best domestic equities approaches on offer".

Standard and Poor's says that when retail confidence returns to the finance company sector, it may look a lot different.