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.

One of the big international financial planning firms is set to open an office in Auckland this month.

Partners Life founder and managing director Naomi Ballantyne says it is "surreal" to be made a Officer of the NZ Order of Merit (ONZM) in the New Year's Honours list, but something she is very proud to have received.

ANZ has appointed a new managing director Retail and Business Banking to replace the position held by the late John Body.

Ratings agency AM Best explains why it has left Sovereign's financial strength rating unchanged as well as outlining its views on the company's financial position and its distribution strategy.

Initial feedback on the formation of Financial Advice New Zealand suggests that advisers want an industry body that provides a strong voice to product providers and regulators - and demonstrates to the public that advisers offer good value to clients.

Wouldn’t it be nice if there were some reasonably priced financial risk transference available to you for the hazards of the holidays?