![Report on NZ social bonds pilot cites lack of commercial expertise by public officials](https://businessdesk.co.nz/images/dummy.png)
Report on NZ social bonds pilot cites lack of commercial expertise by public officials
By Fiona Rotherham Dec. 16 (BusinessDesk) - A report on failures within the government’s first social bonds pilot blames them on a lack of commercial expertise from the bureaucrats involved. Work started in 2013 on social impact bonds where typically a central or local gove...
![Update: Insurer Youi fined $320,000 out of potential $9 million fine for misleading sale practises](https://businessdesk.co.nz/images/dummy.png)
Update: Insurer Youi fined $320,000 out of potential $9 million fine for misleading sale practises
(Update: includes judge and victim comments) Dec. 15 (BusinessDesk) - By Fiona Rotherham South African-owned insurer Youi has been sentenced to a $320,000 fine out of a potential maximum penalty of $9 million in the Auckland District Court today after receiving hefty discou...
![Youi fined $320,000 for misleading sales practices](https://businessdesk.co.nz/images/dummy.png)
Youi fined $320,000 for misleading sales practices
By Fiona Rotherham Dec. 15 (BusinessDesk) - South African-owned insurer Youi has been sentenced to a $320,000 fine in the Auckland District Court today after agreeing to plead guilty to 15 charges relating to misleading sales practises in New Zealand. The Fair Trading Act c...
![New Australian life sciences investment fund could have spin-off benefits to New Zealand](https://businessdesk.co.nz/images/dummy.png)
New Australian life sciences investment fund could have spin-off benefits to New Zealand
By Fiona Rotherham Dec. 15 (BusinessDesk) - Australia’s largest life science venture fund, the Medical Research Commercialisation Fund, just got bigger with the Australian government’s launch of a A$500 million Biomedical Translation Fund aimed at making the country a global l...