Australia's compulsory superannuation system is often held up as a shining example of how to make people save. Statistics released yesterday though show it might not be as good as its supporters say.

Standard & Poor’s says the terrorist attacks in the United States will in all likelihood exceed the largest insured losses ever yet seen, but they won't cripple the insurance industry.

The Mortgage Broker Association has named its inaugural mortgage broker of the year.

Tower Asset Management has contracted Stephen Walker to manage part of its New Zealand share portfolios.

San Diego, California

Alliance Capital NZ general manager James Thyne gives his views on what the bombings in the US mean for investors.

HSBC says the bombings in the US may hit consumer spending and prolong that economic recovery.

Fund managers have suspended redemptions of units in international funds following the terrorism attacks in the United States.

The huge growth passive funds have enjoyed over the past few years may be coming to an end, Frank Russell UK-based director of portfolio management Noel Lamb says.

While debate about regulation in the mortgage broking industry is heating up, and lenders acting as regulators by saying they choose which brokers they deal with, Sovereign has launched a training programme designed to upskill mortgage brokers.

Investors holding the Metropolis property bonds are learning that they sit at the back of the repayment queue.