Fidelity Life is the latest insurance company to resign from the Financial Services Council.

PAA chief executive Rod Severn says there are some good recommendations in hte MJW report, but it is let down by MJW's unbalanced view of replacement business and the value of advice.

Asteron Life is the fifth life company to quit the its membership of the Financial Services Council (FSC). 

AMP Capital has appointed a new head of distribution, to fill the position left vacant when George Carter moved to Nikko Asset Management.

KiwiSaver providers are focusing more on pushing products than providing advice to ensure their members are in the right funds, the Financial Markets Authority says.

The Financial Services Council is launching a new website, MindTheGap.co.nz, to promote income protection insurance to New Zealanders.

Martin Keane has joined Camelot Groups’s Christchurch office.

Sovereign, like other members of the Financial Services Council, disagrees with parts of the controversial MJW report and says the focus for change needs to be around issues other than remuneration.