Allied Farmers has put its $19.3 million capital raising on hold amid concerns from the trustee that the financier breached its trust deed and has pulled its prospectus from the market.

The 7,500 investors owed $168 million by failed financier Capital + Merchant’s only avenue to get any money back will be through a claim against the directors or other parties involved prior to its collapse.

Adviser associations are reasonably happy with the final draft code, though they would like some more progress on letting insurance advisers and mortgage brokers seek authorisation.

The receivers for failed financier Strategic Finance say several property transactions are scheduled for this week.

Commissioner for Financial Advisers David Mayhew will have a draft code to put forward to the minister on Friday.

Australian research house Lonsec is looking to break into the New Zealand market when it launches a web-based portal next month.

Some transactions by Strategic Finance raised question marks for the receiver, and the firm’s liquidation is not a fishing expedition, according to the trustee.

Allan Hawkins’ Budget Loans, a subsidiary of Cynotech Holdings that took on the National Finance 2000 loan book, has pleaded guilty for misleading investors.

The Commerce Commission is aiming for investors in the frozen ING funds to get 95% of their principal back after it settling with the fund manager and ANZ New Zealand last month.

The Treasury opposed Commerce Minister Simon Power’s bid to fast-track the formation of the super-regulator, saying it won’t boost investor confidence over the long-term.

The government has paid out $79.1 million to investors in three of the six failed finance companies covered by the deposit guarantee.

CBS looks to set up $100 mln securitisation programme; Fonterra capital notes interest rate resets; Irongate pays out bondholders after Bluestone injection; PropertyFinance Group to delist.

ING is waiting to see how the refinancing of Australian-based LM Investments pans out before it can make any decisions as to the future of its PPS Mortgage Fund.

PSIS is knocking on the door of an investment grade credit rating after Standard & Poor’s revised its outlook to ‘positive’.

Whakatane-based lender Asset Finance turned profitable in the year through March as it prepares for life after the government's deposit guarantee in just over two months.

Economists are predicting the housing market will stay soft for the rest of the year after Real Estate Institute data showed sales volumes stayed under pressure last month.