The Financial Markets Authority alleges InvestNow has breached AML laws and its failures are "significant and, in some respects, systemic."

[UPDATED] InvestNow's response added.

Global private equity firm TA Associates has signed a deal to take a 50% share in local wealth management business Craigs Investment Partners.

Ethical investment shop, Pathfinder, has been censured by the Financial Markets Authority.

Debt-to-income (DTI) rules are not far off playing a bigger part in the mortgage market.

NZX Wealth Technologies celebrates strong growth with new client onboardings and expanding pipeline.

Advice Link has appointed an experienced general manager to spearhead growth in the adviser sector.

The FMA is launching a pilot “regulatory sandbox” to help fintechs test new products.

Partners Life has moved its Adviser Support Programme to a third party compliance provider.

Japanese-based Nippon Life is planning to acquire Resolution Life which includes the Australasian operations. What does this mean for Asteron Life?

Asteron Life’s latest claims data reveals a 97% payout rate for Trauma, Life, and Income Protection claims received from July 1, 2023, to June 30, 2024, with over 95% acceptance rates in each category. The insurer paid out a total of $112 million, including $53.5 million in Life insurance, $34.1 million in Trauma cover, and $24.4 million in Monthly Income Protection claims.

Partners Life's new chief financial officer says he's "admired Partners Life as a competitor for many years"; now he is joining the team.