Tax changes fundamentally flawed, Managed funds surge in popularity, Economists divided on rate cuts, Fund borrows to invest, UK pension transfer scheme approved. Comment: My view on the future shape of the advisory industry

An Australian investment company and its director have been fined a total of $24,000 for misleading claims made when trying to buy capital bonds and units from New Zealand investors.

Mike Pero Mortgages, New Zealand's largest mortgage broking firm, has continued to grow in the face of a slowing economy and falling housing market.

The government will introduce legislation to minimise the use of excessive salary sacrifice as a means of paying less tax.

The Ministry of Economic Development (MED) says it has been working on details of the co-regulatory model for future regulation of financial advisers and expects a draft paper to be released in June.

Weekly Home Loan report: The home loan rate market has gone very quiet in the past week with very few changes to report.

Lots of new products including: a commodities fund, a high-yield corporate bond fund, one which funds property development and nine new installment warrants. Arcus appoints Australian manager and ASFONZ makes noises. What readers think about tax changes.

Dunedin

The latest life insurance market share figures confirm that Sovereign is by far the largest player in the market and it has been gradually increasing its market share.

Christchurch

Yesterday’s announcement on changes to the taxation of investment income has created much comment. In this piece Good Returns summaries what people and firms are saying.

St Laurence profit expected to double, Allied take over of Prime progresses, RoboPlus passes $100 mill mark.

Political reaction to tax changes: Key labels changes a capital gains tax and says they are unfair.

The government is to introduce a fairer regime for taxing New Zealanders who invest in New Zealand and overseas