A woman who was expecting $1 million from the sale of shares and instead only received $24,000 took a complaint about the trustee responsible for the sale to FSCL.

Mike Pero has appointed five new mortgage advisers to bolster its nationwide team.

First Mortgage Trust has expanded into the South Island, opening a permanent office in Christchurch. Jeremy Finch joins to run the new office after 15 years at ASB Bank, in its property finance team.

Leigh Hodgetts has joined Kepa to take a newly-created role as adviser standards and compliance consultant.

Kiwibank has cut its one-year fixed term to 3.39%, a new low, despite the OCR remaining on hold.

SuperRatings awards eight KiwiSaver providers a “platinum” rating for 2020.

Dealer groups say the cost of membership is likely to rise under the new regulatory regime, with estimates ranging from $3,000 to $21,000 extra per year.

More information is required on what conflict of interest disclosures will be required of advisers in vertically integrated organisations, adviser group SiFA says.

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

NZ Funds has created a newly formed role, chief client officer who will have responsibility for direct and internally advised clients.

In a career that spanned some 11 years, Ian Jones played over 100 games for the mighty All Blacks – 79 of those test matches.

Westpac has introduced a new mortgage approval system to cut turnaround times, sending loan applications to local branches for completion.

More clarity is needed on when someone counts as a client under the new financial advice regime, Financial Advice New Zealand says.