Hanover Group says all financial services companies owed it to their investors to confirm they were operating to the highest financial and prudential standards, as evidenced by an international credit rating.

The government will remedy a technical problem in the KiwiSaver legislation to ensure the smooth introduction of the new member tax credit, Finance Minister Michael Cullen and Revenue Minister Peter Dunne announced today.
Press Release

KiwiSaver starting today discriminates against people aged 65 and over, the Employers & Manufacturers Association (Northern) says.
Press Release

Don't rush KiwiSaver investment decisions, Tower switches raters, Local manager's new hedge fund, and all the latest finance company news.

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.
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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.
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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
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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.