The Reserve Bank today reduced the Official Cash Rate by 25 basis points to 5.0 per cent.

Christchurch

Tower has sold its financial planning business Goldridge to the firm’s 12 founding principals, and management which includes chief executive Bernie Long.

Rotorua

Finance Minister tells the Savings Summit that the NZ Superannuation Fund is a relatively cheap way to provide universal retirement income.

Wellington

ABN Amro launches a CDO-backed fixed interest fund in New Zealand before Australia as New Zealand is a more sophisticated debt market.

Property hot, Managed funds not, Style police, Just call me Russell, CFS buys up.

Tower has launched a 'best practice' guide for advisers, which it wants to be an industry leader.