The 15,000 investors misled into investing in ANZ National Bank Limited (ANZN) and their finance management segments, ING (NZ)’s two funds, have won a $45 million payout. In the out-of-court settlement, brokered by the New Zealand Commerce Commission, the deal becomes the largest ever the NZ...
In a move that would benefit foreign investors in the country, the New Zealand government proposed a two-speed regulatory framework for managed funds in which foreign investors stand to enjoy more protection than domestic investors. According to the government, this is but one, in a list of many...