Christchurch

South Canterbury Finance said it would attempt to raise $75 million of five year bonds with the possibility of raising another $25m in over subscriptions.

One of the first things AIG Life's new chief executive, David Pierce, will do is to launch a new initiative, which he describes as "a first for the New Zealand market."

New name and boss for AIA, KiwiSaver a massive opportunity for advisers: Cullen. House prices fall again.

Total premiums paid for life insurance grew by 6.2% to $1.367 billion in the year ended 30 September, the ISI reports.

KiwiSaver opens up great opportunities for financial advisors, and it also brings its share of responsibilities.

Auckland

Investors in the defunct Western Bay Finance company have been paid a final capital payment from the receivers, giving them a total of 82c in the dollar on their debts.

Fidelity has warned investors in its Capital Guaranteed Bond that the interest payment scheduled for January 15 may not be made.

Personal financial management is being added into the new school curriculum, which was announced yesterday.

Although Westpac missed on on being getting default provider status with KiwiSaver, it has done well in attracting people.

Geneva Finance has staved off receivership and had its Standard and Poor's credit rating increased two notches from D to CC Credit Watch developing.

Geneva Finance has staved off receivership and had its Standard and Poor's credit rating increased two notches from D to CC Credit Watch developing.