John Boscawen

ACT New Zealand Economic Development Spokesman John Boscawen today welcomed the announcement by the Australia and New Zealand Banking Group (ANZ) that it had reached a record $45 million settlement with the Commerce Commission over losses suffered by investors in ING’s Regular Income Fund (RIF) and Diversified Yield Fund (DYF).
“This settlement follows a two year …

Investors awaiting the outcome of the Commerce Commission’s investigation into the failed ANZ/ING funds will be now forced to wait even longer following Chairman Mark Berry’s admission today that the review has been delayed until mid April, ACT New Zealand Commerce Spokesman John Boscawen said today.
“Thousands of people have lost money in this collapse and …

ACT New Zealand Finance Company Spokesman John Boscawen today welcomed the Commerce Select Committee’s decision to conduct an inquiry into the failing finance company sector that has ruined so many Kiwis’ lives.
“Since February I have been calling for an inquiry into the reasons why so many finance companies have collapsed – leaving a trail of …

ACT New Zealand Finance Company Spokesman John Boscawen today urged ANZ to give investors more time to lodge complaints around ANZ/ING’s Diversified Yield Fund and Regular Income Fund following Banking Ombudsman Liz Brown’s appearance before the Commerce Select Committee.
“According to Ms Brown, many ANZ/ING investors have delayed lodging a complaint because they are ashamed of …

Ninety-five percent of the investors who had funds frozen with ING may have accepted the company’s offer yesterday, but that doesn’t mean that they are all happy about it – it just means they were backed into a corner and felt they had no other option, ACT New Zealand Finance Company Spokesman John Boscawen said …

It is heartening to see that Commerce Select Committee Chair Lianne Dalziel has joined me in my campaign to ensure that New Zealanders who have lost money through the ING/ANZ Diversified Yield or Regular Income Funds are able to recover their losses should the Commerce Commission find that ING/ANZ misled investors, ACT New Zealand Finance …