Geneva Finance says that it has made its first capital repayment on schedule, following the conclusion of its capital reconstruction plan.

Planet Financial Services has appointed three new directors to its board of Directors.

SSgA achieves ETF milestone; Sirius Wealth launches specialist portfolio; Guardians of NZ Super receive Auditor General's approval; Macquarie Reflexion Trust is 'sound'; GPG not to extent partial offer for Tower; St Laurence net profit up 21.9%

The biggest story this week, I think, is the one about the government's stance on cash PIEs. There have been fears since the government didn't design the PIE regime with cash and income funds in mind, that it would change the rules.

The collapse of Belgrave Finance this week alongside reports on Capital + Merchant and Lombard are likely to impact on reinvestment rates with other finance companies.

Auckland

Bronwyn Shanks has been lured back to New Zealand to head a national financial advisory focused on maximising consolidation moves in the sector.

Investors in failed finance company Capital + Merchant may get back less than 10 cents in the dollar, the receivers say.

Belgrave Finance has chosen to go into receivership, rather than seek a moratorium like other companies have done.

UPDATED: General Electric is considering selling or changing the model of its franchised Wizard Home Loan operation in New Zealand.

Revenue minister Peter Dunne has dispelled fears that the government could ban cash and income funds from the new PIE tax regime.

Mercer's new manager research process; St Laurence and the full year report

A raft of changes in home loan rates in the past fortnight have changed the shape of the competitive market and the yield curve.