The retail funds management faces a severe threat from KiwiSaver regime, particularly in the area of regular savings products.

Standard & Poor’s Ratings has raised its insurer financial strength and counterparty credit ratings on a number of Tower's businesses, including Tower Life to A-.

New international accounting rules should help give investors a better picture of the level of bad debts finance companies.

The following are examples of how the fair dividend rate for taxing international shares would work.

The government has signaled that it has yet another plan for how to tax international investments. This one is not a capital gains tax, but a wealth tax, according to one expert.

Reserve Bank of New Zealand press release

Hanover has formally entered the funds management market offering structured finance products for retail investors.

Finance Minister Michael Cullen has signalled a government U-turn on investment tax, telling a pre-caucus media scrum the risk free rate of return approach is back on the agenda.

Wellington

Industry heavyweights have weighed in with counterproposals for the government’s changes to how investments offshore are taxed.