Rotorua

AXA New Zealand believes the anticipated Budget announcement of initiatives to encourage workplace-based retirement saving will have a major influence on the saving behaviour of New Zealanders.

Weekly Home Loan Report: Interest rates appear to be in a bit of a holding pattern.

Auckland

The Asian growth power house

Non-bank products to be reviewed; Bluestone launches Sapphire II; Marshall charged; budget week and more

The Government’s initiatives outlined in the Budget for the universal KiwiSaver workplace savings scheme and the moves to improve the taxation of managed funds are a crucial step in the right direction.

Auckland based specialist property financier, North South Finance has reported an audited after-tax surplus of $3.1 million for the year to March 31, more than double last year’s $1.3 million. Interest and fee revenue rose from $6.1 million to $11.8 million.

The Government is to develop a code of practice for home equity release schemes, in order to provide a level of protection for older people's financial interests.

New Plymouth

Changes to one of the big international share funds to improve its performance aren’t overwhelmingly convincing to one analyst.

The Pengana Emerging Companies Fund invests in small to mid-cap ASX listed stocks. For more information on the fund please contact Martin Allison on 09-9197407 or martin.allison@abnamrocraigs.com