Loans underlying New Zealand residential mortgage-backed securities (RMBS) recorded a slight rise in arrears greater than 30 days over the March quarter.

The Guardians of New Zealand Superannuation say, in the face of protest from the Green party, that it strives to invest responsibly.

Equitable tidies up structure, Positive property revaluations for investor. Drive by shootings in the industry and Moves afoot at Broadbase.

Deposit Rates News Briefs: Strategic increases preference share offer, General Finance posts good result, Money flow into bank TDs slows, BNZ issues bonds and PPCS in breach of banking covenants.

One of the things we strive to do at Good Returns is provide readers with the freshest news in the financial services industry.

Christchurch

Goldman Sachs JB Were says changes to tax rules require a new look at the listed property trust sector.

Tower Health & Life has released enhancements to its Life 360 and Business 360 non-medical limits.

Auckland

Press release: Many employers in the middle of wage and salary reviews are finding they have to urgently re-work pay increases to accommodate the new compulsory KiwiSaver employer contributions, says David Lowe, Employment Services Manager for the Northern Employers and Manufacturers Association.

Instant Finance has managed to overturn an unfavourable decision made against the company’s advertising, which if upheld and published could have damaged its reputation.

Instant Finance has managed to overturn an unfavourable decision made against the company’s advertising, which if upheld and published could have damaged its reputation.

Joining KiwiSaver has virtually become a “no brainer” for people who can afford to, Arcus chief economist Rozanna Wozniak says.

Press release: Preparations for the 1 July introduction of KiwiSaver advanced today with the signing of an Order in Council that bring into effect both the annual fee subsidy to be paid to members and the rules governing the use of KiwiSaver to help repay the mortgage on the family home.