Rotorua

Wellington

Standard & Poor's says the recent appointment of receivers to New Zealand-based finance company National Finance 2000 (not rated) shows that parts of New Zealand's non-bank financial institutions sector exhibit high risk.

Wellington

The New Zealand Superannuation Fund has appointed Goldman Sachs Asset Management (GSAM) to a multi-strategy mandate.

Provincial Finance says it will report a loss for the year ending March 31, and it has stopped taking in new investments.

Standard and Poor's has reaffirmed UDC Finance's AA- long term credit ratings.

The University of Auckland Business School has established a new Retirement Policy and Research Centre aimed at looking at the social and economic pressures caused by the coming retirement of baby boomers.

Many readers may have seen an article which suggested that the proposed tax changes to managed funds may encourage savers on high marginal tax rates to switch from term deposits to managed funds.

Weekly Home Loan Report: The trend for rising home loan rates has continued over the past week and it looks like they will keep rising for a while longer until falls begin again.

e-Commerce infrastructure provider InvestmentLink is supportive of the KiwiSaver proposals announced by the government, but says there needs to be changes and it will “need consolidated support and industry investment” to succeed.