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.

Mark Warminger has withdrawn his appeal against the High Court judgment that found him guilty of market manipulation, citing health issues and the impact on his career.

Former FMA senior solicitor Simon Papa considers plans to allow roboadvice ahead of the law changes.

KiwiSaver firm Booster has made a direct investment of capital into a wine company.

New KiwiSaver provider Simplicity has filed its first annual return, showing its funds under management had reached $107.4 million in the year ended March.