AMP’s latest superannuation research contains worrying signs that fewer people are saving for their retirement and more are expecting the Government to take prime responsibility for providing retirement income.

The higher your income, the lower your tax rate (and vice versa). Sound like a good idea?

In its official announcement the Reserve Bank has increased the cash rate by 0.25% to 5%.

AMP-owned financial services website Liquid is ramping up its operations and targeting the business area as a source of growth.

Harts changes name, Hanover crosses ditch, Clearly a good bond, Special online deal.

Dunedin

Invercargill

Investors want tax incentives to encourage saving, reveals ASB BANK's latest Investor Confidence Survey.

Ross McEwan has announced he is quitting as head of AXA to take the helm at First NZ Securities.

Christchurch

Economist Donal Curtin says don't believe the booming Japanese sharemarket - things are getting worse, not better.

Palmerston North