Nikko Asset Management’s Global Investment Committee (GIC) has forecasted that global equities will decline a bit further and has initiated an overall underweight stance, regionally over-weighting Japanese and U.S. equities. Due to the committee’s expectation that global bond yields will decline moderately, it will overweight global bonds and USD cash for USD-based clients. 

Commerce Minister Paul Goldsmith says banning commissions isn't something the government will do, even though the FMA says they create problems.

Fidelity Life acting chief executive Ed Eadie says the FMA report on replacement business has a narrow scope and risks undermining the important role of financial advisers.

The Financial Services Council – which represents life and income insurers, among others – welcomes today’s report from the Financial Markets Authority, on life insurance sales practices.

Nikko Asset Management provides it take on what Brexit means for New Zealand investors.

David Whyte has been appointed an independent director and chairman of the Camelot Group, which has strong ties to Grosvenor.

SBS Bank has reported its operating surplus for the year to March 31 has increased 6% from $26.1 million to $27.7 million.