Strategic Finance’s receivership has drawn out another low-ball offer to investors, this time from a company incorporated in Australia looking for $200,000 worth of debentures.

Law firm Chapman Tripp is warning that legislation to regulate the financial services industry may inadvertently damage the country's international reputation by preventing corporate entities from providing financial advice here.

Allan Hawkins is being coy about the future of minnow finance company Cynotech Holdings after his successful takeover bid last month.

House sales in Auckland picked up last month after early signs that the property market was running out of steam, according to Barfoot & Thompson.

The legislation remains murky as to whether ‘pure' life insurance advisers will need to be authorised under the new regulatory regime, though one veteran's adamant he will not need it.

South Canterbury Finance and PGG Wrightson accepted to extended guarantee, Bank liquidity regime comes into play, Vision Securities sent to receiver

The long-awaited draft code of conduct of financial advisers has been released, and has offered some, though not complete, clarity on how insurance products will be classified under the new regime.

Rating agency Standard & Poor's downgraded, then upgraded, Geneva Finance after investors backed the bid to defer repayments to debenture holders and gradually remove its $30 million facility with BOS over the next five years.

Commerce Minister Simon Power has referred Strategic Finance to the Securities Commission after Act MP John Boscawen first raised concerns about the status of some of the failed finance company’s second mortgages.

Perpetual Trust defends Strategic receivership; Broadlands Finance flags liquidity risk; OPI Pacific investors waiting on receiver update.

The Investment Savings and Insurance Association has put a proposed sector standard for measurement and disclosure of the investment performance of KiwiSaver funds up for tender in a bid to get greater buy-in from the wider industry.

Kerry Finnigan, the former head of Strategic Finance, will continue to operate as a freelance consultant as the dust in the finance sector settles, and the survivors come through the other side.

The Securities Commission has taken a veiled swipe at Huljich Wealth Management in its guidelines for distribution and disclosure released yesterday.

House prices are facing downwards pressure as the property market "rolls to a halt" according to ANZ's 10 property gauges.

House values rose 5.5% in the year through February, though the speed of growth is beginning to slow down, according to QV Valuations.

Allied Nationwide Finance is looking at ways to increase is capital so it can again be eligible for the goverenment's deposit guarantee scheme.