A Christchurch man who used his businesses to conduct a Ponzi scheme has pleaded guilty. It is believed investors lost more than $17.5 million.

AsteronConnect says its new online quotation tool should make it easier for advisers to quote for customers.

The chairman of a major Christchurch investment advisory firm has retired.

New Zealand’s investment management industry should better pull together to represent its own interests and those of New Zealand, new Fisher Funds chief executive Bruce McLachlan says.

With regulation looming, mortgage adviser group need to develop their businesses to meet the on-coming changes. Mortgage Express and the Q Advisor Group, while separate, are working together to develop tools to empower their advisers. Here's what they have done so far.

Anthony Edmonds' direct-to-client fund business has acquired a competing service run by RaboDirect.

Long serving ANZ chief economist Cameron Bagrie has resigned from his role at the bank – although his departure will not come immediately.

SBS has launched a new 10-year capital bond.

ASB chief executive Barbara Chapman announces plans to step down.