Passive fund managers have hit back at suggestions that people with money in passive holdings may not understand the level of risk they are taking.

An increase in claims is partly to blame for a drop in Fidelity Life’s annual profit, the insurer says.

Acting Retirement Commissioner Peter Cordtz is lending support to the idea of KiwiSpend – a Government-administered annuity to help people turn KiwiSaver savings into an income.

ANZ has laid out its position on the new regulatory regime, stating it will work with adviser businesses and groups that hold a financial advice provider licence.

New adviser group Wealthpoint has made two new head office appointments

New Zealand first leader Winston Peters believes "seriously bolstering" Kiwibank can improve competitiveness, conduct and culture in the banking sector.

New Zealand’s pension system has been rated B- and placed eighth in the world in a new index, with a warning that it’s not sustainable.

SBS Bank has undergone a rebrand and slashed its two year rate as it aims to take on the big four lenders.

It’s in insurers’ interests to make sure that advisers are supported through to the new regime, Asteron Life’s executive manager of life distribution, Graham Hill, says.

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.

Anthony Edmonds' fund business, Implemented Investment Solutions (IIS), has hired a former Salt Asset Management executive.

Advisers are optimistic about the future for Aegis now that ASB has agreed to sell the platform to MMC.

Fletcher Building opened a flash, new, high tech, prefabricated house building factory yesterday. Great things are expected of it, but Miriam Bell ponders what it means for your average investor.