Company investment statements set to undergo an overhaul in Securities Act shake-up in the next two years need to be “relevant” and not disclose copious amounts of information that will never be read, according to Commerce Minister Simon Power.

Commerce Minister Simon Power will make some "limited changes" to the Financial Advisers Act and Financial Service Providers Act to "improve the practical operation intended by the policy" which is due to come into effect at the end of next year.

Finance company NZF Group is looking to diversify its product offering with a new insurance range targeted at domestic customers.

Parliament’s Commerce Committee will be holding an inquiry into the failure of around 30 finance companies over the past three years, leaving investors billions of dollars out of pocked.

ING, yesterday, paid out $398 million to investors in the frozen Diversified Yield Fund and Regular Income Fund yesterday who accepted the fund manager's offer, and is sending out letters confirming the payment over the next few days.

UPDATED: Marac’s aspirations of transforming into a bank face a hard road ahead following its downgrade by Standard & Poor’s last week.

Although term deposit rates have risen recently Westpac is picking shorter duration rates will ease in the coming weeks.

Fisher & Paykel Finance managed to boost its revenue over the past year and avoid the trouble seen by some of its contemporaries by staying out of property development and sticking to consumer credit.

AMP Capital Investors' new socially responsible investing (SRI) fund for New Zealand assets has paved the way for better analysis of local firms and whether they meet acceptable levels for responsible environmental, social and governance policies.

More Momi trouble for Bridgecorp; Rockforte Finance in fashion spotlight; Equitable has new offer: Rates Update - who has hiked rates.

Trauma insurance sales surged 16% in the past 12 months as life insurance premiums continued to grow, according to Investment Savings and Insurance Association data.

New Zealand property values rose for the third straight month amid solid sales activity, as low interest rates and a shortage of quality housing keep the market active.

The Real Estate Institute of New Zealand's (REINZ) monthly housing price index is in for an overhaul after the central bank found that the series had flaws that made it difficult to identify trends in property prices.

The Reserve Bank has exempted some non-bank deposit taking firms from the requirement to get a rating - but won't name the firms.

Cynotech, the company headed by former Equiticorp boss Allan Hawkins is starting to recover money from the loan books of collapsed finance companies Western Bay and National Finance 2000.

Letting services will be under the spotlight after the government decided against including property managers in tighter regulation for real estate agents, according to a cabinet document.