Articles tagged with 'finance companies'
17 December 2021 - The Financial Markets Authority (FMA) has added some details around its decision to cancel the transitional financial advice provider (FAP) licence of Wisdom House Investment Partners.
29 November 2021 - A new name on the lending circuit, Xceda Finance, is actually an old company with a new mission. [With product matrix].
20 October 2021 - The Financial Markets Authority has issued its 100th full Financial Advice Provider licence.
15 October 2021 - Complaints made to FSCL have gone up in the past year but remain on the low side for health and life insurers while complaints against finance companies and lenders have dropped.
11 June 2021 - The new bill to regulate conduct of financial institutions started its second reading in Parliament yesterday and was immediately criticised by the National Party.
21 December 2019 - ANZ-owned finance company has completed the closure of its debenture programme.
The bank says election packs were sent to around 4,500 debenture holders...
27 March 2019 - One man has been jailed and two men sentenced to home detention at the Auckland High Court for their part in using finance companies to try to save commercial businesses during the global financial crisis.
7 February 2019 - Shockwaves are running through Australia’s finance industry following the Royal Commission’s damning report so how could the recommendations impact on New Zealand investors?
29 August 2017 - The trustee for failed finance company, Viaduct Capital, have settled civil proceedings filed by the FMA for $4.5 million.
This is the first time the FMA...
4 August 2017 - RE/MAX New Zealand is rebranding its finance arm which is run by Geoff Bawden.
10 November 2016 - Non-bank deposit taker Liberty Financial has had its credit rating raised by Standard & Poors.
29 March 2016 - Home loans industry gains another player as Freedom Home Loans enters the broking market.
21 December 2015 - Changes to banks’ off-quarter disclosure requirements are the subject of a new Reserve Bank proposal.
12 November 2015 - A long-running battle over what exactly lender credit fees should cover has hit the Supreme Court this week.
12 October 2015 - New Zealand’s peer-to-peer (P2P) lending scene is set to get busier, following the news that Lending Crowd received its license from the Financial Markets Authority (FMA) on Friday.
18 September 2015 - A third former director of OPI Pacific Finance (formerly MFS), Craig Robert White, has pleaded guilty to misleading investors.
White pleaded guilty to...
18 September 2015 - Two former directors of failed finance company OPI Pacific (formerly MFS) have been given sentences of community work and a fine.
Mark Lacy and Jason Maywald,...
21 August 2015 - Two former directors of failed finance company OPI Pacific Finance (formerly MFS) have pleaded guilty to charges of making untrue statements.
Mark Lawrence...
17 August 2015 - Clients of financial advisers should feel confident that the “horrible times” of the finance company collapses are gone and will not be repeated, an adviser association boss says.
10 August 2015 - Squirrel Mortgages is set to launch its peer-to-peer (P2P) lending service early next month, after receiving New Zealand’s third P2P licence from the Financial Markets Authority (FMA) on Friday.
5 August 2015 - Capital + Merchant receivers are closer to making a distribution to investors.
KordaMentha has reached a settlement with first-ranking creditors.
They...
28 July 2015 - A civil claim against Capital + Merchant Finance was unlikely to recover more of investors' money, the FMA said today as it announced it had stopped the proceedings.
6 July 2015 - An $18 million settlement negotiated with the former directors of Hanover Finance, Hanover Capital and United Finance is a better outcome than would have been achieved through court, the FMA says.
16 February 2015 - Whoever leaked information the FMA was investigating Milford Asset Management for suspected market manipulation had very good timing.
18 December 2011 - New Zealand households start saving again
14 September 2011 - The Financial Markets Authority (FMA) has confirmed it is investigating 16 collapsed finance companies involving an estimated $3.45 billion of losses.
14 September 2011 - Both the Serious Fraud Office (SFO) and the Financial Markets Authority (FMA) have laid a swag of criminal charges against three people associated with Belgrave Finance which collapsed in May 2008 owing investors about $22 million.
24 November 2009 - McDouall Stuart has praised the transparency of St Laurence for keeping its investors informed and meeting specific repayment targets as part of its moratorium arrangement, while it raised questions around the ability of Strategic Finance's ability to meet repayments.
24 November 2009 - Resurgent appetite for higher-yielding, or riskier, assets has breathed life back into a debt market left for dead a year ago.
28 October 2009 - Viaduct Capital, the finance company that was suspended by the government's deposit guarantee scheme earlier this year, has had a shake-up in its management team that has seen Bruce McKay and Richard Blackwood take over the reins.
22 October 2009 - Reserve Bank Governor Alan Bollard says that the forthcoming non-bank deposit taking prudential regulations will not be a quick fix for the industry.
20 October 2009 - Whakatane-based non-deposit taker Asset Finance is one of the first to exit the government's deposit guarantee scheme.
30 September 2009 - Strategic Finance is asking debenture holders to hope for the best as the prospect of receivership looms over the finance company amid the downturn in the property market.
16 September 2009 - OPI Pacific Finance, formerly MFS Pacific Finance, has been dealt the death blow. After 16 months sitting on moratorium row, the receivers have finally been called in.
8 September 2009 - The Parliamentary inquiry into finance company collapses will not be an avenue of redress for investors in failed ventures, rather it will focus on the issues facing investors to ensure they are well-informed.
25 August 2009 - General Finance has reported an increase in the provisioning for bad loans in its finance company, but also an increase in the quality of its book.
20 August 2009 - Marac's aspirations of transforming into a bank have become difficult following its downgrade by Standard & Poor's last week, according to one of the rating agency's analysts.
20 August 2009 - UPDATED: Marac’s aspirations of transforming into a bank face a hard road ahead following its downgrade by Standard & Poor’s last week.
18 August 2009 - Fisher & Paykel Finance managed to boost its revenue over the past year and avoid the trouble seen by some of its contemporaries by staying out of property development and sticking to consumer credit.
9 July 2009 - Viaduct Capital, the finance company that was suspended from the government's deposit guarantee scheme, will reapply for the scheme and denies the Treasury's allegations of failing due diligence on certain loans.
7 July 2009 - UPDATED: South Canterbury Finance is teetering on the edge of moving into junk bond status.
16 June 2009 - Boutique wealth manager Newton Ross has raised concerns about cash Portfolio Investment Entities, or PIEs, and warned investors to make sure they've done their homework before putting their money into a cash PIE.
2 June 2009 - Investors in failed finance companies should look first to sue the directors of fraudulent finance companies when seeking damages, not the financial advisers who relied on supposedly credible prospectuses to base their recommendations, according lawyer Brian Henry.
1 June 2009 - Kiwibank happy with TD Tuesday's uptake; Vector bond sale raises $150 mln; Govt may align PIE and personal taxes
19 May 2009 - Institute of Financial Advisers president Lyn McMorran has defended the group's decision to name and shame two South Island advisers who were found guilty of breaching the institute's code of ethics.
18 May 2009 - Credit Sails costs investors; Payments delayed for Lombard investors; Dorchester cuts loss on end of year adjustments; Non-banks suffer from weak market.
13 May 2009 - For the first time the Institute of Financial Advisers (IFA) has named advisers found guilty by the organisation's disciplinary committee.
INLCUDES links to decisions
All tags:
A newsletter a2 Milk AA Finance AA Health AA insurance Absolute Returns ACC Accessibility accountants Accuro ACI Active v Passive Active+ actuary Acumen Adam Boyd Adrian Orr Adrienne Church advertising Advice First advice risk adviceHQ Adviser Business Compliance Advisers Aegis AFA affordability aggregation aggregator AI AIA AIA Apollo Airbnb Alistair Bean Alister Van Der Maas Allen Yeo Allianz Partners Alvarium Wealth AM Best AML AML/CFT Act AMP AMP Capital AMP Life AMP Wealth Management Amplifi Group Ando Insurance Group Andrew Barnes Andrew Bascand Andrew Bayly Andrew Inwood Andrew King Angus Dale-Jones annual report Annuitas annuities Anthony Edmonds Anthony Halls Anthony Healy anti-social behaviour Antipodes Antonia Watson ANZ ANZIIF ANZIIF awards Aon Aon Hewitt Apartments Apex Group APIA Apostle Funds Management APRA Apricity Apteryx Ares Ark Invest artificial intelligence ASB Asia ASIC assault asset allocation Asset Finance ASSET Magazine Asteron Astute ASX ASX 100 Auckland Auckland Council Auckland Health Services Augusta Aurora Financial Aussie Home Loans Avanti average price awards BAA Bagrie Economics Bancassurance Bancorp Treasury Services Bank of China Bankers Associaton banking ombudsman banks Barbara Chapman Barfoot & Thompson Barry Coates Barry Kloogh Barry Read Basecorp Bath Street Bayleys BCA BDM Ben Kelleher Bennelong Bentham Asset Management Bernie McCrea BetaShares Better Business Conference Bevin Graham bitcoin Bizcap Blackrock Blackstone Blackwell Global Blair Vernon Blanket blockchain Bluestone BNP Paribas BNZ Boardpro body corporates bonds Bonus Bonds Books for sale Booster Booster Savvy Bradley Nuttall Bravura Brent Sheather Brexit Brian Gaynor Brian Klee Bridgecorp bridging finance Bright-line test BritanniaNZ Bruce Kerr Bruce McLachlan Bruce Patten BT Funds BTR Budget build to rent building burnout business finance guarantee scheme Business for sale business insurance Business lending business management CA ANZ camelot Cameron Bagrie. Canstar Canterbury Canterbury Mortgage Trust capital gains capital gains tax capital markets carbon intensity carbon offset CareHQ Caresaver Carey Brunel cash flow Castle Point Castle Point Funds Management Catherine McGrath CBRE CCCFA Census Centastone Centrix Century 21 Century21 CERT NZ CFA CFFC CFML CFP CFT CGT Challenger Chapman Tripp charity Chatswood China Chris Douglas Christian Hawkesby Christian Savings Chubb Churn Cigna CIMA CIO claims Claire Matthews Clarity Funds Management Clayton Copplestone client engagement client first Climate Change climate risk reporting Climate Venture Capital Fund Clinton Stanger CLU CMC Markets co-op money Co-operative Bank Code Code Committee Code Working Group CoFI CoFR Colliers Commentary commerce commission commercial property Commission Commission for Financial Capability communication Community Finance Compass Life complaints complectus compliance Compliance Refinery conduct confidence consents Consilium Constellation Capital construction consultation Consumer CoreLogic coronavirus cost of living council Council of Financial Regulators court Cove Insurance Covid-19 CPA CPD CPI Craigs Investment Partners credit suisse Cressida Critical illness insurance crowdfunding cryptocurrency CU Baywide Culture and Conduct Curated Risk currency custody Customer Outcome Matrix Customer Outcomes cyber security Dai-ichi Life Daintree Dale-Jones damage damage liability Darren Gannon Darren Howlin data right data security David Beattie David Boyle David Clark David Cunningham David Greenslade David Haak David Hisco David Ireland David Pine David van Schaardenburg David Whyte DDoS de Vere Dealer Groups Dean Anderson decumulation default funds Deloitte Delta demand Deutsche Bank developers Devon FM digital investment digital lending Dimensional Funds DIMS Disability insurance Disclosure Discovery Funds disputes disruptive innovation diversified income funds Diversified Investment Strategies diversity Dominick Stephens Donna Nicolof DTIs Dundas duty of care Dylan Mann earthquake strengthening Easy Crypto EBT Capital economy Edge Mortgages education election Elevation emerging trends EQC equities Equitise equity release ESG estate planning ETFs ethical investments ethics Europe FADC Fairway FAMNZ FANZ FANZ annual conference FAP FAP Services FAPO FASEA FATCA FBAA Federal Reserve fees FEI FGG Fidelity Life Fiducian File Invite FileInvite finance companies Financial advice Financial Advice New Zealand Financial Advice NZ annual conference financial advisers Financial Advisers Act Financial Advisers Act 2008 financial capability Financial Disputes Resolution financial hardship financial literacy financial market infrastructures Financial Market Infrastructures Bill Financial Markets Conduct Act financial resilience Financial Services Legislation Amendment Act Financial Services Legislation Amendment Bill Financial Services Ombudsman Scheme Findex Finergy Finfluencers FINSIA Finsure fintech Finzo first home buyers First Mortgage Trust First Sentier Investors First State Fisher Funds Fitch Fixed interest fixed rate mortgages Flint floating rate mortgages FMA FMG FMOY FMT FNZ FNZC Footprint Forecasts foreign investment Forex Forsyth Barr Foundation Advice Foundation Life Foundry AM FoxPlan FPSB fraud Fred Dodds FSC FSCL FSF FSI FSLAA FSLAB FSPR fund liquidity Fund manager of the year Fund manager of the year 2020 fund performance funds management FundSource FX Gail Costa Gareth Fleming Garrison Bridge Gavin Austin Gavin Dixon GBST GDP Gender gap General Finance Generate Geneva Geoff Bascand geopolitical George Carter George Kerr Getting to Know GFNZ Gisborne Global Financial Services global markets Global Pacific GMI gold goldman sachs Good Customer Outcomes government GRA Graeme Wheeler Grant Robertson Grant Willis green investment greenwashing Grosvenor Financial Services GRTV GST Guardian Trust guidance Hamilton Hindin Greene Hamish Douglass Hanover Harbour Asset Management Harmoney Hatch Haven health insurance healthy homes Heartland heat pump Heathcote heating HER HFANZ high-risk investment Hobson Wealth home equity release home loans Honours Hotel house insurance house prices housing market Housing rules housing shortage housing supply HSBC Hubbard Hugh Stevens Hunter Hall Hunter Investment Management hybrid IAG Ian Harrison ICBC ICSL IDS IFA IFRS 17 IFSO Ignite iLender IML Impact Enterprise Fund Impact investing Implemented Investment Solutions IMT incentives Income Protection indemnity insurance index funds industrial property Infinz inflation Infometrics Infrastructure ING innovation Instant Finance insulation insurance Insurance Advisers Insurance Contracts Insurance Council NZ insurance law Insurance People InsuranceLink insurer solvency insurers Insync Funds Management Integrated financial product integrated reporting interest rates interest-only mortgages Interview investment investment advice investment fund investment manager InvestNow investor confidence investor lending investor profile Invsta Inzpec IOOF iPartners IPO IRD IRESS iSelect ISG ISO IWIinvestor Jack Regan Jacqui Dean James Greig James King James Shaw Jane Wrightson Janine Grainger Janus Henderson Jarden JAVLN JBWere Jeff Page Jeff Royle Jenny Campbell Jerome Powell JLL JMI Wealth JMIS Jobline John Berry John Body John Bolton John Botica John McDermott Jon-Paul Hale Jonathan Beale Jordi Garcia Juno Kāinga Ora KAN Kaplan Karen Chang Karty Mayne Kat Church Katrina Shanks Kelvin Davidson Kensington Swan Kepa Kepler Kernel King Tide Kingfish Kiwi Adviser Network kiwi wealth Kiwibank KiwiBuild KiwiSaver KiwiSpend KiwiWrap Konnect Net Kōura Wealth KPMG Kris Ballantyne Kris Faafoi Kris Pedersen Lance Walker landlords Lawyers LBA leaky homes leases legacy products Legacy Trust Legg Mason legislation Lending Lending Crowd LendMe letting fees level five Level Premium LFG Liam Mason Liberty licensing Life insurance LifeDirect lifestages Lifetime Link Home Loans Link Market Services liquidity Lisa Turnbull listed property Listed trusts listings LM Investment Management Loan Market lockdown lockdown opportunities Lockton locum Loss of earnings LVR Macquarie Macro Prudential Tools MACs Magellan Makao managed funds Maple-Brown Abbott Marie Quinn Mark Lister Mark Solomon Mark Wilson Market Close Market Manipulation market outlook marketing Markets Marsh Martin Hawes MAS Massey University Massey University\ Matt Whineray MBIE MDRT median price median rents medical insurance Melanie Purdey Melissa Cantell Melissa Vasta Mental health Mentoring Mercer mergers and aquisitions Merx methamphetamine MFAA MFS Michael Cullen Michael Lang Michael Naylor Michael Reddell Michael Weston Micro-investing Midlands Mortgage Trust migration Mike Bignall Mike Frith Mike Moore Mike Pero Mike Taylor Milestone Milford Asset Management millennial investors Milton Jennings Mindful Money minimum standards Mint Asset Management Minter Ellison Rudd Watts MJW MJW Report MLC Wealth MMC MoBIE Model portfolios money week Moodys Morningstar Mortgage Advisers Mortgage Connect Mortgage Express mortgage holiday Mortgage Lab Mortgage Link Mortgage People Mortgage Rates Mortgage Supply mortgage terms mortgaged investors mortgages Mosaic MPs MSCI MTF multi-unit property MunichRe Murray Weatherston MyFiduciary mySolutions NAB Nadine Tereora Naomi Ballantyne National Capital NBDTs Neon Nest Home Loans new build new build exemption new build lending new listings new regime New Zealand Initiative Newpark Newton Ross Ngāi Tahu nib Nick Goodall Nick Stanhope Nick Tuffley Nigel Tate Nikko AM nominated representatives non-bank lenders non-disclosure Norman Stacy Northern Trust NZ Funds NZ Home Loans NZ Income Insurance scheme NZ Super NZ Super Fund NZAM NZBA NZBritannia NZCFS NZCGP NZCU Baywide NZFSG NZGIF NZHL NZI NZIER NZIG NZIIS NZMS NZPIF NZQA NZSA NZX NZX Wealth Technologies NZXWT Obituaries OCR OCR forecasts Octagon Octagon Asset Management OECD office space OMNIMax OnePath Open Banking Opinion Opteon P2P PAA PAA Holiday Homes Pain and Gain Report parliament Partners Life partnerships Passive Pathfinder Pathfinder Asset Management Paua Wealth Paul Glass Paul Goldsmith Paul Gregory Paul Huxford PDS Pearlfisher Capital Peer to Peer Lending Pencarrow pension transfers people Pepper Money Performance fees Perpetual Guardian Peter Lee Peter Leitch Petra Lucioli PGC Phil Twyford Philantrophy PI PIE pie funds PIMCO Pinnacle Life Pioneer Capital Pivotal Planet planning platform Platinum Asset Management Plus 4 Plus4 Insurance PM Capital PMG Podcasts policy ownership politics ponzi Pope & Co population growth portfolio monitoring PreferredNZ Premia Partners premiums PRI price fixing price growth prime lending privacy Private equity private funding private pensions pro-bono Productivity Commission Professional Advisers Associations Professional Development professional indemnity Professional IQ PROMINZ Property Council property development Property Institute property investment property management property syndicate property valuers property values proptech Prospa Prosper Group protection gap Public Trust PWA PwC Pzena Q Group QBE QE QFE QROPS QSBO Quadrant PI qualifications quality mark QuaySt Quest Insurance Quotemonster QV RaboDirect Ralph Stewart Ratebroker rates Ratings RBNZ real estate Real-iQ Realestate.co.nz Rebecca Thomas recession record-keeping recruitment redundancy cover Refer Direct regional review registered financial advisers regulation REINZ Remarkable Capital renovation rent control rental market rental returns rents replacement business research Research IP Reserve Bank residential property RESIMAC resolution institute Resolution Life resource consent responsible investing Responsible Investment Association Responsible lending retail investment retirement Retirement Commissioner Retirement Income Group returns reverse mortgages revolving credit RFA Rhiannon McKinnon RIAA Richard James Richard Klipen Richard Klipin Ringa Hora risk risk analysis risk management risk profile Rival Wealth RMA Rob Everett Rob Flannagan Rob Hennin roboadvice Rod Severn Rosemary Hassan Rosewill Consulting Ross Asset Management Ross McEwan Rothbury Royal Commission RTA Rupert Carlyon rural investment Russell Hutchinson Russell Investments Ryan Edwards S&P S&P Dow Jones sales activity Salt Salt AM Sam Dickie Sam Stubbs Sam Tremethick Samantha Barrass Sarah Vrede Sargon Satish Ranchhod Saturn SBS scam Scholarship securitisation security Select Home Loans Select Investments Select Wealth self-employed lending Senior Trust Sentro serious fraud office Share share markets Sharecare Sharesies Sharetrader Shariah Sharon Zollner Sharron Botica Shaun Drylie sidecar savings SiFA Silverfin Simon Angelo Simon Botherway Simon Fisher Simon Hassan Simon Manning Simon Power Simon Rolland Simon Tohill Simon Tong Simplicity single adviser FAP Situations Vacant Smartshares SME SME lending SOA social media Society of actuaries soft commission Sorted SOS Southern Cross Southern Cross Healthcare Southern Cross Partners Sovereign Spicers SPIVA Sponsored Content Squirrel SRI Startup Advisors Council Stats NZ Steffan Berridge Stephen Bennie Stephen Jonas Stephen Massey Stephen O'Connor Steve Burgess Steve Jurkovich Stewardship code Stewart Group Stewart Investors Strategi strategies Strategy Financial succession Sue Brown suitability Summer Suncorp Super City Mortgages superannuation Superlife SuperRatings supply Susan Peterson Susan St John Susan Taylor Sustainability Sustainable Business Network Sustainable Finance Forum Swiss Re Symon Brewis-Weston syndicated property investment syndicates Synergy T Rowe Price Tahi LP Tahito TAP tax tax working group TCFD TCIT tech innovation technology tenancy reform Tenancy Services Tenancy Tribunal tenants term deposits term out Terry Moore TFAS The Advice Group The Advice Hub The Adviser Platform The Answers The Aotearoa Circle The Co-operative Bank The Mortgage Lab The Wrap Thom Bentley Tiger Tim Fairbrother Tim Grafton TMM OCR Preview Survey TMM Opinion TMM people Tony Alexander Tony Hildyard Tony McCombs Tony Mount Tony Vidler Totara Wealth Management Tower Insurance Tower Life TPD Trade Me Property Trail trail commission Trauma Travel insurance Treasury Trends Trevor Slater Triple A TripleA triplejump Trusted Adviser trustee Trustee Partners Trustees Executors trusts TSB turnaround times Turners UDC UHNWIs UK Pension Transfers Underwriting unemployment UniMed Unit Titles Unitary Plan UNPRI urban development US Valocity valuations value growth Van Eyk Vanessa Rayner Vanguard Variable Annuities venture capital vertical integration VFM Vitality Vittoria Shortt volatility Volo VR vulnerability wage wage subsidy Warren Couillault wealth management platform Wealth Technologies Wealthpoint Weapons investment Webinars Wellbeing Wellington Wellness Westpac wholesale Wills women workplace savings nz Wrap Platforms WRF WSNZ XFrame Xplan yield Youi young investors Zagga Zanoma Zenith ZIP
