The Institute of Financial Advisers has whittled down its hunt for a new chief executive to a single digit number and will hold extensive interviews next week.

Propertyfinance Group’s directors have given up the ghost and will urge shareholders to send the business into voluntary liquidation.

Pathfinder Asset Management is on the hustle to get investors into its second offering, which will give people an opportunity to get a niche exposure to the global water sector.

Five Star Consumer Finance’s receiver is still coy as to whether investors will get another 2.5 cents out of the failed finance company.

OPI Pacific receiver Colin McCloy of PricewaterhouseCoopers has told investors he is unable to give an estimate on how much money he will be able to claw back for them as he continues to untangle the failed finance company's books.

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.