Bridgecorp in default talks. Strategic's share offer closed and oversubscribed, PropertyfinanceSecurites to offer high yield retail bond fund, Geneva Finance gets extra $20 million in funding, Equitable and Allied Nationwide relaunch. Comment: Pricing risk or buying market share.

All the information employers and individuals need about KiwiSaver is readily available, says Inland Revenue Deputy Commissioner Colin MacDonald.
Press Release

The biggest story of the moment isn’t what happened this week, but what’s happening next week.

As we rapidly approach 1 July, opening date for KiwiSaver, it has become clear that there has been a surge in public interest, said Vance Arkinstall, CEO, Investment Savings & Insurance Association.
Press Release

Allied Prime Finance and Nationwide Finance to amalgamate.

TOWER shows a new side of its personality today, with the launch of its new KiwiPlan website
Press Release

Next week heralds plenty of launches in the financial services industry, the most notable being the birth of KiwiSaver.

Pinnacle Life, which sells insurance online directly to customers, reckons advisers should be more upfront about their commissions.

Dr Michael Cullen's speech notes for Auckland Chamber of Commerce Business Breakfast, Auckland.
Press Release

MFS is set to debut as a listed company on the NZX next week after successfully completing a backdoor listing yesterday.

Auckland

The Securities Commission is seeking a court opinion to help protect investors in a failed contributory mortgage company. It says that it is wearing the costs of the court case so the individual investors don't have to pay.

Wellington