The Australian federal government is to force superannuation funds across the Tasman to disclose what funds members pay each year in fees

Christchurch

Auckland

Kiwibank boosted its home loans book by $291 million to $793 million in the six months ended December as it edged closer to posting a profit.

Auckland, City

The Reserve Bank has decided to leave the Official Cash Rate unchanged at 5.25%.

The new Australian financial services licensing regime comes into effect today and it remains unclear if funds set up by New Zealand managers across the Tasman for tax purposes are legal.

Known mainly in the past as a fund manager, ING New Zealand recently consolidated its ‘financial services’ designation with the acquisition of local insurance company Club Life.

The NZ Superannuation Fund has appointed two value managers to look after part of its international share allocation.

Mike Pero sells a majority stake of his mortgage broking business to a fellow Christchurch-based businessman.

Palmerston North

Bank of New Zealand Investment Management provides a fund manager's perspective on the vexed issue of how to handle tax losses.