Dunedin

The government named six companies as default providers to KiwiSaver; the workplace-based retirement savings scheme which comes into operation in July next year.

Finance Minister Michael Cullen and Commerce Minister Lianne Dalziel today named six default providers they intend to appoint for KiwiSaver.

Christchurch

The Reserve Bank has, as expected left the OCR unchanged, but again has warned that a future increase is still a possibility. Read the bank's statement here.

Wellington

Bridgecorp closely monitoring Fiji loan, Online account for businesses, new Westpac online account and Bondwatch changes.

Palmerston North

Sovereign has reached the milestone of $6 billion in home loan lending, strengthening its position as the country's leading non-bank home loan lender and making Sovereign the fifth largest home loan lender in New Zealand.