The Securities Commission has banned Contributory Mortgage Investments Ltd (CMI) from acting as contributory mortgage broker for two of its mortgages.

New Zealand's No.1 website for property investors.

South Canterbury Finance has been given a BBB- rating by Standard & Poor's.

The ASB-Bank owned wrap provider Aegis has picked up a significant new financial planning firm and has also passed the $4 billion under administration mark.

Deposit takers and financial planners need the most regulatory attention: Survey. Unlisted looks to first IPO and St Laurence upgraded.

An Auckland-based adviser says clients are increasingly asking about Socially Responsible Investing (SRI).

Seasonally adjusted retail sales increased a stronger-than-expected 0.3% in October, putting pressure on Reserve Bank to either hold off easing or increase interest rates.

The Institute of Financial Advisers has made a pre-tax loss of $140,318 in the year to June 30. This is a $274,328 turn around on the previous year’s results.

Wellington

The government’s goal of increasing insurance cover with a new regulatory framework for the industry is unlikely to work, says the Professional Advisers Association.

Australian financial services company Allco Finance Group has made a cash and shares offer for full ownership of Strategic Investment Group.

Questions and answers

The tax exemption for employer contributions to KiwiSaver will be extended to other registered superannuation schemes, Finance Minister Michael Cullen and Revenue Minister Peter Dunne announced today.

American International Assurance(AIA)has launched the AIA Financial Services Network, a national network of financial advisers specialising in providing an extensive range of insurance services and products for New Zealand’s growing Asian and Indian population.