Hawkes Bay-based Boutique Advisers Alliance (BAA) has launched its own, non-aligned, independent custodial platform that uses cutting-edge technology to help advisers meet their regulatory requirements more easily.

UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company.

UDC has had its credit rating down-graded following ANZ's announcement it plans to sell the business to a private Chinese conglomerate, and questions are raised about the future of the finance company.

ANZ Bank New Zealand  has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group.

ANZ Bank New Zealand  has agreed to sell its asset finance business, UDC Finance, for $660 million to HNA Group.

Garrison Bridge, the superannuation scheme run by Ralph Stewart's Lifetime Asset Management group and Christchurch advisory firm First Capital Financial Services, is chasing QROPs business in Australia.

The Australian regulator has lost a court case alleging the former directors of LM Investment Management had breached their directors' duties.