Perpetual Trust defends Strategic receivership; Broadlands Finance flags liquidity risk; OPI Pacific investors waiting on receiver update.

The Investment Savings and Insurance Association has put a proposed sector standard for measurement and disclosure of the investment performance of KiwiSaver funds up for tender in a bid to get greater buy-in from the wider industry.

Kerry Finnigan, the former head of Strategic Finance, will continue to operate as a freelance consultant as the dust in the finance sector settles, and the survivors come through the other side.

The Securities Commission has taken a veiled swipe at Huljich Wealth Management in its guidelines for distribution and disclosure released yesterday.

House prices are facing downwards pressure as the property market "rolls to a halt" according to ANZ's 10 property gauges.

House values rose 5.5% in the year through February, though the speed of growth is beginning to slow down, according to QV Valuations.

Allied Nationwide Finance is looking at ways to increase is capital so it can again be eligible for the goverenment's deposit guarantee scheme.

The Treasury has questioned a proposal to beef up powers that will give the Securities Commission power to direct trustees in how they respond to breaches of trust deeds.

It appears six finance companies will miss the cut for the government's extension to the retail deposit guarantee scheme and a question mark hangs over the head of a seventh.

Brokerage McDouall Stuart has panned the Hawkins' family's bid to takeover Cynotech Holdings, telling investors "not to even think about accepting" the offer.

Profit at PGG Wrightson Finance tumbled 29% in the first half of the financial year as the finance arm of PGG Wrightson boosted its provisioning for bad loans.

Geneva Finance managing director David O'Connell wrote down the possibility of winding down the company in a letter to investors telling them the finance company's banking facilities are set to expire in 2015.

The direction for house prices is down in what is a cooling market, according to ANZ's 10 property gauges.

The government is keen on resuming the issuance of inflation-indexed bonds and is considering increasing the range of debt securities offered by the New Zealand Debt Management Office.

This year is set to be the year of consolidation amongst non-bank deposit takers after a dismal 2009 when the sector racked up more than half a billion dollars worth of losses.

Prospective qualifying financial entities (QFEs) are laying the groundwork to pitch themselves to advisers as the looming regulation deadlines draw nearer in what was always going to be an inevitable result of the legislation.