Partners Life says the investment from Blackstone Tactical Opportunities has closed successfully. The transaction, first announced in May, was subject to regulatory approvals, which have now been granted.

Plus4 Insurance Solutions (Plus4), the national insurance broking and financial adviser group, has announced that Samuel Rees-Thomas has joined the group.

Flows of KiwiSaver money into New Zealand equities are putting pressure on the market and could make it hard for managers to cash out if they want to, it has been claimed.

Milford Asset Management is moving to assure clients that it is “business as usual” as a portfolio manager prepares for a legal fight over market manipulation.

Share has added four new advisers. Neil Clarke and Russel Whitlock are based in Albany, Auckland. Mark Armstrong is based in Takapuna and Gari Dos Santos is located in Tauranga.

The Commerce Commission is making it clear that it expects all consumer credit fees to be reasonable and related to the actual cost to a lender of processing loans.