Commonwealth Bank of Australia has signaled the possible divestment of its life insurance businesses in New Zealand and Australia, but Sovereign CEO, Nick Stanhope says it's "business as usual".

First Cut - ASB has reported statutory net profit after tax of $1.07 billion for the 12 months to June 30. This represents a 17% increase on the prior comparative period. (Full story to follow)

Fewer than one in four New Zealanders are confident in their knowledge of KiwiSaver, a sign that the industry could do better, one bank economist says.

The PAA handed out its excellence awards, designed to recognise the passion, pride, professionalism and general excellence in the mortgage advice industry.

Financial Advice New Zealand reveals its establishment board and new brand.

RE/MAX New Zealand is rebranding its finance arm which is run by Geoff Bawden.

Industry stalwarts and newcomers have been recognised with awards at this year’s joint IFA/PAA conference.

New Zealand insurers rank around the bottom quartile of the world when it comes to preparedness for the changes transforming the industry, PwC’s latest report shows.

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.