Hamilton

Dorchester fights off Viking attack, NZ slows but rate cut not on agenda and AMP puts Dunn in charge

Auckland

Previously I mentioned advisers will be in for a bit of a rough time and this prediction is coming through. I see one of the weekly business papers has had a good crack at Vestar this week and I understand both TVNZ and National Radio are planning to air pieces this week.

Many financial planners and investment advisers don't plan to change their approach to investing in finance companies, despite a number of these businesses falling over in the past year and a half.

Standard and Poor's says the game of musical chairs being played by fund managers in Australia may impact on returns.

Wellington

The first signs are emerging of a spring campaign amongst banks for home loan business. As reported in Good Returns Kiwibank was the first to move.

Fisher Funds is closing its flagship New Zealand Growth fund and looking to launch another listed investment trust.

The government has enacted new rules to ensure trustees will have the tools they need to supervise the activities of finance companies on behalf of investors.

Weekly Rate Change Report: The deposit taking sector continues to change rapidly at the moment. As we have reported in recent weeks it has been banks putting pressure on finance companies. Now there is a new force at play.

AGRI Fund fails to reach minimums, FDL moves to Queenstown, Fairfax buys bucketshop. COMMENT: