Commerce Committee chairman Lianne Dalziel voiced her concerns about the government's proposed extension allowing advisers to be nominated representatives of multiple Qualifying Financial Entities (QFEs).

New Zealand property investors are procrastinating ahead of this month's budget as they wait for more clarity on what will happen to the tax treatment on housing.

Standard & Poor's has set out a range of conditions that South Canterbury Finance need to fulfill to get off its negative Credit Watch status.

Commerce Minister Simon Power has plugged some of the holes in the financial adviser legislation, announcing cabinet sign-off to allow groups of related companies to register as qualifying financial entities (QFEs).

The Open Polytechnic, which has partnered with Sovereign to offer adviser training, has put off assessing portfolios under the Code of Conduct's Standard Set C, and will spend its time focusing on training advisers to get up to speed for the rest of their competency requirements.

AMP is talking down the impact a merger with AXA Asia Pacific might have on New Zealand’s insurance market, saying the phasing out of conventional life policies will keep the market share of a combined company within the regulator’s tolerance levels.

Investors are becoming more active in their portfolios, with boutique fund managers such as Milford Asset Management, Craigs Investment Partners and Fisher Funds boosting their cash flows through the first three months of the year. 

New information has the Commerce Commission looking to see whether Money Managers (now MMG Advisory Group) breached the Fair Trading Act over its beleaguered First Step and First Up investment trusts.

First Mascot Finance payment beats expectations; NZDMO to increase this year's bond programme; MTF cancels credit rating on euro commercial paper.

South Canterbury Finance tries to get its investors to go for longer date maturities, while PGG Wrightson encourages investors to roll their 12 month deposits.

Perpetual Trust has sent St Laurence into receivership a day after the finance company’s managing director Kevin Podmore pitched an offer to debenture holders to swap their debt for equity in a new holding company.

St Laurence says its running out of money and investors have the stark choice of receivership or to do a debt for equity swap like Hanover debenture holders.

The ongoing competition for deposits is showing no sign of abating as New Zealand’s banks keep looking for domestic money and reduce their reliance on offshore wholesale funding.

Finance company minnow Mutual Finance has changed hands in a deal that has seen Strategic Finance founder Paul Bublitz pop up again.

Transpower puts forward inflation-linked bond, CBS applies for extended retail deposit guarantee, South Canterbury's Gloag hangs up hat, NZ Wool Services pays back loan

PwC's Fisk questions moratoria while Chapman Tripp's Wallis defends them at select committee inquiry.