Investors have given Allied Farmers the thumbs down as Guardian Trust figures out what to do over Allied Nationwide’s trust deed breach.

The Institute of Financial Advisers is railing against the levy regulators will charge advisers to pay for the new regime, after Parliament approved regulations locking in the fees for authorisation.

The Bank of New Zealand beat out Kiwibank for retail deposits in the June quarter.

Allied Nationwide Finance was always facing a credit rating downgrade, though its covenant breach got it deeper into dangerous territory.

Dorchester Pacific will allot its four new classes of securities for debenture holders who agreed to its recapitalisation plan by the end of the month.

Westpac won the day in the tussle for six-month cash last week, as five institutions hikes rates in that space.

Greenstone Energy bond launched; Retired banker to assess Aorangi hardship cases; PGG Wrightson boosts profits and deposits; Halifax sent ot liquidator.

The Financial Service Providers Register opens next week, marking the first step in implementing legislation to overhaul the sector.

Orange Finance has extended its repayment plan under the terms of its moratorium for another year as it narrowed its underlying loss.

The liquidators for financial planners Mike and Jackie Bradley’s failed business have found there’s more missing money owed to investors.

A lack of plain-vanilla savings products helped contribute to the collapse of the finance sector over the past few years as investors were left with too few options.

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.