Court case delays Auckland Council bond offer; Infratil to issue new bonds, replace old ones; Double-whammy for Allied Farmers

One of the stories I found interesting from this week was about the different approach taken to risk profiling by adviser firm Newton Ross.

Traditional methods of assessing client risk tolerance leave much to be desired, according to an adviser who has developed a different way of doing things.

Investors in one of SPI Capital’s property syndicates will have a difficult decision to make after a lender called in the mortgage on its property.

The auditors for Allied Farmers have refused to give an opinion on the state of its books due to concerns about the validity of its cashflow forecasts.

The global economy is not as gloomy as many people think, according to a fund manager who says the numbers don't always reflect the situation on the ground.

Auckland Council to issue bonds; GPG to pay back capital notes; Cash fund investors to make their choice

This week saw speculation build over who will buy the rest of Perpetual, after the company sold off its corporate trustee business.

Fund manager Chris Swasbrook has signalled his departure from Foundry Asset Management, but Foundry’s boss says Swasbrook’s exit is not a done deal.

Regulation and recent court cases have left advisers unsure about the best way to risk profile their clients, and a lack of products is making the process more difficult.

The sale of Perpetual’s financial advisory business appears to be imminent, with two companies said to be still in the running.

Heartland looking for dividends; Finance director’s bail bid fails; Govt bond yields stay low

AMP Financial Services New Zealand hasn’t decided yet whether to follow its Australian counterpart in switching its preferred research partners.

New Zealand should make KiwiSaver compulsory and get rid of the early withdrawal option for first-home buyers, a former Australian Cabinet Minister says.

Help could soon be on the way for New Zealand financial firms affected by a new regime requiring them to report their American clients to US tax authorities.

This week we saw surprise over the low take-up for an offer of free financial advice as well as changes to controversial legislation affecting advisers.