Invercargill

The Inland Revenue Department is moving to reassure the financial services industry that some companies will not get an inadvertent “heads up” on the KiwiSaver workplace savings scheme.

The United Kingdom is looking at adopting a KiwiSaver-type pension scheme.

Research from FundSource shows that a number of better-managed finance companies have been taking action over the last year to position themselves for tougher times ahead.

A big drop in new apartment building led a 6.7% drop in the number of new dwellings approved in New Zealand in October, latest figures show.

With the popularity of capital protected funds it is little surprise that a manager has rolled out a capital protected income fund.

Wellington

First capital protected income product to be offered in New Zealand. First to offer NZ retail investors "rear-ended" performance fee structure.

Sydney-based boutique manager Absolute Capital has launched a new listed debt investment that is offering investors a high return along with capital protection.

Nelson, Blenheim

New Mortgage Centre, Tower looks at acquisition, St Laurence buys, ING profit up, news this week.

Strategic Finance has maintained its B1 credit rating from Rapid Ratings.

Tauranga

Tower has warned that the Australian and New Zealand life markets are so significantly underinsured that it is emerging as a major social policy issue.