The Overseas Investment Office has rejected an application from China-based HNA to buy UDC Finance, from ANZ for $660 million.

Former markets boss takes a role with insurer.

Companies involved in the recreational cannabis industry have been excluded from the $37 billion NZ Super Fund. The exclusion does not include companies involved with licensed and authorised medicinal cannabis.

Hawke’s Bay financial advisory firm Stewart Group and its Boutique Advisers Alliance (BAA) have announced the appointment of Don Brash as an advisory board member of the firm.

Commonwealth Bank of Australia group marketing & strategy executive Vittoria Shortt will be ASB’s new chief executive, it was announced today.

A new year is set to bring a new operating environment for financial advisers, and the country’s dealer groups are working through what that might mean to them.

TSB Bank will repay about 2,800 customers who were inadvertently overcharged for terminating their fixed-term lending agreements.

Michael Cullen chairing the new government's tax working group could be a boon to the KiwiSaver industry, it has been predicted.

New professional association Financial Advice NZ appears to be addressing concerns about how it will represent all strands of advice, by opting for a system of colleges.