Risk premiums in New Zealand’s finance company sector have been commensurate with the United States – but both the top and bottom end of the sector have been out of line, say Westpac Bank economists.

New mining indices, Possible funds management player, Changing market results in advisory firm sale. Comment: Bad name not deserved.

Lots of new things: New look for Nationwide, New ceo for Dominion, New funding line for Geneva and rating for C+M. Kiwibank wins Superbank business rights.

Government officials have put the dates of the sweeping review of financial products and providers back a month.

Christchurch

An unprecedented number of submissions have been made to Parliament on the bill proposing changes to the way investments are taxed.

The Government is looking to extend its Welcome Home Loan scheme which is designed to help people buy a home.

8.2%pa, a global fund manager managing capital risk and a Standard & Poor’s credit rating makes an attractive combination. But in the current environment of nervousness around the riskier end of the market in New Zealand, and with the lack of rated alternatives, Commodity Bonds have quickly gained a lot of appeal with institutional and retail investors.

Auckland CBD

Macquarie Equities has launched a commodities-backed fixed interest fund, promoting it as a safe alternative to finance company investments.

Concerns about finance companies appear to be helping increase funds flows into managed funds.

More equity release options needed, Managed funds have first positive quarter, Alternative exchanges hits $1 bill, Deemed rate of return falls, New debt indices, Morningstar finalises buy.

American International Assurance (AIA) has slashed its term life rates by up to 19% for some key customer groups in a move designed to shake up the country’s insurance market.

Northplan has acquired a 50% stake in Dunedin-based Colin Strang Financial Planning for an undisclosed sum giving it a foothold in the South Island.