OPI Pacific has issued a A$270 million legal claim against its major shareholder, the ASX-listed Octaviar, citing problems with the Australian group's lending activities.

An Australian with a background in life insurance has been appointed to head up ING in New Zealand.

Wellington

Palmerston North

An Australian with a background in life insurance has been appointed to head up ING in New Zealand.

Tauranga

Strategic Finance says that it is "undertaking an intensive review of its business", but says this is part of its year-end close off, rather than a signal of trouble.

Christchurch

Dunedin

ING Life has made a raft of changes to its risk products including some rationalistation, improved benefits for existing policies, along with something new. The new product is small business income cover for one or two person businesses.

A mortgage broker who offers to sell her business for "$1 or near offer" is a sign that all is not well in the industry. Just how tough is it out there and how are businesses coping?

While much attention has been on bond offers from Marac and South Canterbury Finance, one other has been seeking Capital too.

There are signs emerging that KiwiSaver is making an increasing number of people think about retirement issues.