PAA chairman Bruce Cortesi has told members the association had an “open, honest and fruitful” conversation with ASB,  as it works to tackle bank practices it says undermine advisers.

Kiwi Wealth has developed its own index fund, which it says will allow its KiwiSaver scheme to have more flexibility to generate better returns, improve tax efficiency and address responsible investment concerns.

Morningstar has appointed a new managing director for Australia and New Zealand.

Financial Advice NZ's working group has revealed the board who will lead it through the establishment phase.

A new bill to replace the Financial Advisers Act was to be introduced on Thursday, Commerce Minister Jacqui Dean announced at the National Advisers Conference.

A new bill to replace the Financial Advisers Act was to be introduced on Thursday, Commerce Minister Jacqui Dean announced at the National Advisers Conference.

The TSB Community Trust's commercial arm is to buy the 51% shareholding in Fisher Funds it does not currently own.

The creation of Financial Advice New Zealand today is being hailed as the start of a new era in financial planning. 

Growth KiwiSaver funds performed strongly again in the June quarter, Morningstar's latest research shows.

It has been revealed that insurance firm Fidelity Life was used as a safe house by one of its managers who was importing drugs.

Performance fees have helped to lift the fee revenue claimed by fund managers Milford and Fisher Funds.

Partners Life has reported a flat profit for the year to March 31, even though premium revenue has continued to grow.

The bank says around a third of its business now comes from advisers and chief executive Shaun Drylie gives his views on commission models.