Link Market Services has launched an app that allows retail investors to spend as little as $50 a transaction.

Legg Masonhas its first retail fund in New Zealand - the Legg Mason Brandywine Global Opportunistic Fixed Income Fund - available to New Zealand investors and investment professionals via the FNZ platform.

Morningstar Australasia has completed its previously announced acquisition of AdviserLogic; a cloud-based, financial planning software platform for financial advisers in Australia.

Morningstar has deployed a suite of web components for retail investment platform InvestNow.

Finzo has become the first New Zealand business to adopt new technology being distributed in this country through a partnership deal with MyFiduciary.

The Financial Services Council has reported a significant year-on-year drop in surplus.

The Government is increasing the Financial Markets Authority’s litigation budget by $4 million for 2019/20 to ensure the regulator has access to the resources required to bring legal proceedings when it needs to.

AMP’s assets under management in New Zealand have fallen, which the company is ascribing to a weaker New Zealand dollar.

Summer KiwiSaver scheme has reduced fees for its specialised cash and fixed interest income-based KiwiSaver funds along with multi-asset-class fund, the Summer Conservative Selection.

Heritage Trustee Company Limited has renamed to Sargon (NZ) Limited, in conjunction with the Financial Markets Authority (FMA) re-issuing Heritage’s supervisor licence in Sargon’s name.

An independent review of the $43 billion NZ Super Fund has given the organisation that runs it high marks.

Colonial First State Global Asset Management is rebranding as First Sentier Investments.

Sargon, previously known as Trustee Partners, has acquired three new clients in New Zealand.