Revenue Minister Peter Dunne says that KiwiSaver should be turned into a compulsory savings scheme once the majority of workers have signed up to it.

MFS-owned financial advisory group Vestar is looking to put some proposal to its clients who had money in Bridgecorp to help improve their confidence in the sector.

Never before have tax changes been so appetising to New Zealand's financial services industry. In the cover story of ASSET this month, editor David Chaplin reports on why PIEs are not on everyone's menu.

Hamilton

Sydney

ABN Amro Craigs chief investment office Cameron Watson has produced a book outlining what all the recent tax changes mean for investors.

The past week has seen few changes to interest rates on offer from finance companies however there is some action with bank term deposits.

Research shows the impact of the new FDR tax regime on past performance of funds.

Dunedin

Geneva Finance has refunded $588,114 to over 900 customers, following an out-of-court settlement with the Commerce Commission.

Liberty Financial has launched and priced its third and largest issue of residential mortgage backed securities (RMBS) in New Zealand.

Tax changes not over, Smartshares FUM nearly $600 mill. Comment: Class action against Bridgecorp advisers unlikely.

Troubled finance company Geneva Finance is closing its branches and laying off staff, but said it would continue to lend through a direct lending centre and mobile managers.

UPDATED: Tower has taken out the top award in the FundSource Fund Manager of the Year awards, displacing ING which held both this and the Morningstar award.