A wrap up of this week's news: The biggest news of the week for advisers is undoubtedly the collapse of the joint Approved Professional Body concept.

Good Returns conducted a survey of mortgage brokers to find out their reaction to proposals by the ANZ to cut upfront commissions.

BT Funds Management and Agricultural Investments (AGInvest) is seeking to raise more than $60 million for a new fund that will invest in a portfolio of quality New Zealand farms and agri-businesses.

Wellington

Auckland

The so-called G4 group of adviser associations which were working together to create a single Approved Professional Body has become the G3 and is likely to be down to two groups soon.

Allied to merge Nationwide, Bonus Bonds millionaire.

George Kerr, one of the men behind transforming Spicers before its sale to AXA, has emerged as a key player in the new Thames Water offer being made to investors.

Christchurch

Auckland

People confident house prices will rise, Tower shareholders targeted, Kingfish bouyant, Unlisted grows.

MFS has added another of the firms associated Northplan to its chain of advisory firms. It has entered into a contract to acquire Westplan Financial Services which is based in Hawera.