AMP has announced a new chairman and AMP Capital chief executive as the company grapples with allegations of sexual harassment. 

Nib New Zealand has reported an increase in membership numbers, revenue and earnings in the year to June 30.

The Government has extended its Business Finance Guarantee Scheme but advisers say the programme has not been popular with clients so far. 

The Financial Markets Authority (FMA) has published an independent report into the passive and active investment management styles used by KiwiSaver providers. [+ REPORT]

New Zealand may not need KiwiSaver default schemes at all, one adviser says.

Financial Advice New Zealand chief executive Katrina Shanks says it was positive to see the Financial Markets Authority’s support for the association during the recent Money Week, even though a planned joint event did not go ahead.

Marketing technology firm Moberate Technologies is offering a free business response package for advisers through the Regional Business Partner Network.

Asteron Life experienced a $4 million profit drop in the year to June, its parent company has reported.

New lockdown restrictions are unlikely to push out the start of the new financial advice regime.

Reverse mortgages, rather than mortgage deferrals, could help borrowers deal with the financial fallout of Covid-19, says Heartland Bank head of retail Andrew Ford.

KiwiSaver provider Simplicity has once again slashed its floating rate home loan, dropping to a market low of 2.25%.

AIA has revealed the financial advisers and advice businesses that will be given financial backing for their community initiatives.

Treasury wanted a reallocation of KiwiSaver default members so that each default scheme had a similar number of members, a regulatory impact statement shows.