Australia

Two more New Zealand financial planning firms have sold a stake to Tranzact Financial Services, the listed Australian group majority-owned by Grosvenor.

Advisers associations back working together, Mortgage broker and insurance adviser join up, Another head of equities at GSJBW, Guardian Trust buys half of admin company.

Latest rate movements, News for Bridgecorp investors this week, Geneva increases profit slightly, General Finance offers monthly option, Generator bonds on positive watch.

The managed funds analyst Trident Research has released rankings for the six default KiwiSaver balanced fund providers, based on the level of their management fees.
Press Release

The Labour Government is misleading small businesses over the benefits of KiwiSaver, says Nationals Associate Small Business spokesman, Chris Tremain.
Press Release - National Party

Auckland

The high flying Kiwi dollar isn't just hurting exporters, it's hurting investors too.

The Government had the opportunity to force KiwiSaver providers to quantify all their fees and add-on charges so that the public could have some certainty about what they were letting themselves in for.
Press Release - Gareth Morgan

Despite a marked increase in the public's awareness of KiwiSaver, the new government retirement savings initiative still doesn't register a high level of engagement.
ING Press Release

Home Loan report: Falls in some interest rates for fixed term home loan rates appear to be an illusion of a market turnaround.

Savings & Loans has launched an innovative offer in New Zealand designed to generate a high return with the benefit of 100% capital protection provided by Merrill Lynch, one of the world's leading wealth management, capital markets and advisory companies.