Speculators are likely to be behind yesterday's 22 per cent price rebound in Allied Farmers, say market commentators.

Making billions of dollars is "not that hard", David Tepper tells people.

Shares in Allied Farmers yesterday plunged by more than 30 per cent after the issue of 1.9 billion new shares to former Hanover Finance investors.

Fund managers have been told they need to better identify risky assets and invest more in property and infrastructure.

An elite number of homeowners shelled out over $3m for new homes in the past year, despite being in the midst of a credit crunch.

Home loan affordability worsened in Auckland and Northland for first home buyers last month.

People who join KiwiSaver but don't choose which fund they want to be in could be put into a more aggressive fund.

The Capital Markets Development Taskforce released recommendations with the aim of rekindling Kiwis' faith in the sharemarket.

Some of the tax changes under consideration would reduce house prices and raise rents, says Westpac.

Hanover owners Mark Hotchin and Eric Watson copped more stick as investors narrowly voted to approve a share rescue deal.

Yesterday's Capital Markets Development Taskforce report made no recommendation for compulsory superannuation.

The Hanover investors who grudgingly voted for the Allied Farmers deal probably haven't had time to digest the contents of the capital markets report.

"The work begins now," says one Allied director after Hanover investors approved the plan to sell the company's loan book to Allied Farmers at today's vote.