Dunedin

The manager of the dual listed New Zealand Investment Trust is telling investors it’s time to wind up the trust, although it has been given a GPG-like holiday from the new tax rules.

Wellington

Investment portfolio construction under the new tax rules is going to be far more complex than it was previously and advisers will need to be careful, Brook Asset Management executive chairman Simon Botherway says.

Auckland City

Auckland, North Shore

The Securities Commission has stopped a company raising $15 million from the public.

Auckland

Hamilton

AXA first to seek KiwiSaver certification from IRD, Westpac enters distribution deal with Southern Cross, Finsia opens NZ office, Tower asks S&P to withdraw ratings.

A summary and some comments on the big news stories of the week.

The National Party's finance spokesman Bill English has made it clear that compulsory superannuation isn't a goer.