An investment adviser heavily backing A2 in his clients’ portfolios says he’s not worried about a dip in share price.

New Zealand shares were mixed as last week’s FTSE index adjustments rippled through major stocks today. A2 Milk, which has entered the FTSE Russell All World Index, led the declines; Sky Network Television, which made way for it, led the gains.

[UPDATED] Australian dealer group Astute Financial has taken a 50% stake in Mortgage Express.

Code working group chairman Angus Dale-Jones says it is making good progress on its draft code of conduct for the sector.

Incentives are needed to make saving for retirement a compelling option, the Tax Working Group says.

Pathfinder Asset Management has launched a vegan-friendly fund option.

New Zealand’s top economists predict the Reserve Bank will hold the Official Cash Rate next week,  as the central keeps a close watch on GDP growth and inflation.

Fund managers have hit out at a new KiwiSaver switching platform, which has awarded them dismal grades for their ESG work.

Requests for reinstatement of tax incentives on long-term saving have been heard by the tax working group pondering the future of New Zealand’s taxation system.

Adviser group Kepa is continuing its process of striking alliances with New Zealand financial advice businesses.

Fund managers that offer both “ethical” and “normal” investment strategies to clients are “hypocritical” in their approach to responsible investing, according to the managing director of KiwiSaver provider Simplicity.

Lender Heartland says it will pursue its strategy of focusing on “best or only” products, as it reports an 11% increase in profit.

Cigna New Zealand has partnered with Life Education Trust to support mental health education in schools.