Financially troubled MFS Pacific Finance is to receive around A$10 million ($11.7m) in cash back from an inter-party related loan.

In this months Tyndall comment, Peter Lynn makes some predictions for 2008 and Andrew Hunt provides a cautionary take from the Spanish experience – "the stuff of nightmares".

One of the quiet achievers of the funds management industry in New Zealand has taken out the top spot in the Morningstar Fund Manager of the Year Awards announced last night.

Macquarie Fortress New Zealand directors say, in their half-year interim report, the future of its Fortress Notes trust is uncertain.

Wellington

New Plymouth

The latest market share figures for the life insurance industry show that Sovereign continues to comfortably hold onto the number one position.
The figures from the Investment Savings and Insurance Association (ISI) are broken into two groups; Individual risk and Traditional risk.

All Locations

I wonder how many people will be giving advice today? Talking to lawyers yesterday it seemed there was a mad rush to get new disclosure documents signed off in time.

Women are erring on the side of caution when investing in KiwiSaver while men appear to be more comfortable with higher levels of risk, according to Fiona Oliver, Chief Operating Officer of BT Funds Management, the developer and manager of the Westpac KiwiSaver Scheme.
Press Release

Advisers face new laws today which require them to, amongst other things, make up-front disclosure of their fees. Although the government had flagged the changes well in advance, regulations outlining what the new rules meant were only released at the end of last year.

Wanganui

The MFS group has wider troubles with one finance company, MFS Boston headed for a moratorium and wind up, and MFS Pacific admitting its put option with its ASX-listed parent isn't, currently, worth exercising.