Christchurch

Lee aims at advisers and talks lawsuits, Survey shows rates expected to be held, Kauri Notes offer gets away, PIS looking to buy, PIE loophole closed. Comment: Regulation won't save finance companies (or investors).

Christchurch

If advisers think they have had a rough time, I expect they can batten down for a bunch of even more, negative publicity.

Sharebroker and finance company adviser Chris Lee says in his latest newsletter that he has had a flood of correspondence from people who allege they have had poor advice over their investments.

Wellington

Issuers of listed structured debt offers are being asked by the Stock Exchange how the international credit crunch is impacting on their financial positions.

The Securities Commission has called for law changes to strengthen the powers of finance company trustees, and to help them protect investors' interests.

A finance business related to LDC, Finance and Investments, has gone into receivership.

Wellington

New Plymouth

KiwiSaver schemes will be required to disclose their approach to responsible investment from 1 April 2008 under legislative proposals released today by Finance Minister Michael Cullen and Revenue Minister Peter Dunne.
Press Release

Yellow Pages Group has pulled its subordinated bond offer, saying the ongoing financial market volatility made capital raising too difficult.