Personal Finance
Finance industry examined

The finance industry suffered from an anything-goes culture lacking in ethics and morals, a parliamentary select committee inquiry into the finance company collapses has been told.
Leaky home owners struggle

By KATIE CHAPMAN - The Dominion Post
Leaky home owners are struggling to fund repairs as controversy over a Government contribution proposal heats up.
Trustee to scrutinize Allied offer
By KRIS HALL - The Dominion Post
Hanover Finance trustee Perpetual Trust says it will go through Allied Farmers' debt-for-equity offer with a fine-tooth comb to ensure investors fully understand the proposal before voting on the deal next month.
Boston Finance in receivership

Boston Finance has been placed in receivership, ending a moratorium arrangement in place since March 2008.
Deal good news for Hanover

By KRIS HALL - The Dominion Post
Hanover Finance investors could see all their capital returned "plus some" under a debt-for-equity deal agreed between the cash-strapped lender and Allied Farmers.

Banks raise rates
By ROELAND VAN DEN BERGH - The Dominion Post
Banks are raising short-term fixed mortgage rates, indicating the time for cheap loans has come to an end.
Standout peformance for growth funds
Growth funds are the standout performers for the second consecutive quarter, a Mercer survey of KiwiSaver funds shows.
Gripes about banks double

Complaints to the banking ombudsman have doubled despite banks often failing to inform customers properly of the process.
Allied signs with Hanover

Hanover investors will be offered a sweetener to rubber stamp the $400 million deal with Allied Farmers.
More bad news for Hanover

Cash-strapped lender Hanover Finance could be tipped into receivership by its trustee if the gap between the amount still owed to investors and value of the company's physical assets shrinks much further.

Housing market under pressure
An imbalance between demand and supply is putting upward pressure on prices in the residential property market, according to the latest report from Harcourts New Zealand.
Bank woes double
Interest rate volatility and the failure of sophisticated investment instruments were key drivers of a near doubling of complaints to the Banking Ombudsman.
Accountants as leaders: An Ox or a Moron?
By ADAM DAVY
OPINION: Yeah right. Accountants have never been regarded as thought leaders. More steeped in the past, as the World’s second oldest profession. Even Double Entry bookkeeping has been around for 500 years.
Housing confidence remains high

By PAUL MCBETH
New Zealanders are still optimistic about the state of the housing market, according to an ASB survey.
Compulsory saving touted to help close gap
Compulsory workplace saving and a move away from international regulatory standards are two of the changes New Zealand must embrace to bridge the economic gulf with Australia, according to submissions to a task force.

Median house prices surge

By PAUL MCBETH
House prices hit a 10-year high for the month of October amid a decline in the volume of sales as fewer properties are put on the market.
Westpac warns on overvalued houses
New Zealand's housing market is displaying all the symptoms of a bull market and houses could become overvalued again, Westpac says.
Court delay for Bridgecorp man

By KRIS HALL - The Dominion Post
Insolvency matters raised by the Official Assignee pertaining to the transactions of wealth between bankrupt Bridgecorp founder Rod Petricevic and his family trust have been adjourned until the new year.
Mercer praises super Guardians

By KRIS HALL - The Dominion Post
Those pulling the strings at the NZ Superannuation Fund have received a big thumbs-up for their management and investment practices by global investment consultant Mercer.
Play it safe on lending, banks warned

By ROELAND van den BERGH - The Dominion Post
Getting a mortgage is becoming easier as banks relax their purse-strings but the Reserve Bank is warning them not to return to the risky lending of the past.

Hotchin: 'Nothing in it for me'
Allied dangles carrot for investors
Rich pickings for taxman as rich pay up
Advisers to dob in dodgy deals under new code
Life returns to troubled debt markets
A costly exercise in hypocrisy
Kiwi company flush with success
New town home sales turn a corner
Here's some free advice for the advisers
Agria Corp takes cornerstone share
All Blacks beat England in dour test
Police dob in drink driver to Air NZ
Wallabies humiliated by Scotland
Teacher has baby with 17-year-old student
Shyla's a purr-fect little mum
Bitter MP seeks reconciliation
Nice Kiwi blokes - shame about the women
Griffin's moves biscuits to Fiji
$450,000 march is political manipulation
Cyclists gone but their trash lingers
Mall campaign pays for 'protesters'
Playing chicken with the markets