The New Zealand Superannuation Fund’s passive Reference Portfolio, the basis on which the majority of the Fund is invested, will remain strongly weighted to equity ownership, the Guardians of New Zealand Superannuation, the manager of the Fund, say.

The FMA has issued civil proceedings in the High Court against Milford Asset Management portfolio manager Mark Warminger.

HSBC has launched an interest rate of 4.49% for its one, two and three-year fixed-term residential mortgages.

Morningstar has given silver ratings to a range of AMP KiwiSaver funds.

SBS has appointed Dunedin-based lawyer Anne McLeod to its board of directors.

A civil claim against Capital + Merchant Finance was unlikely to recover more of investors' money, the FMA said today as it announced it had stopped the proceedings.

More young New Zealanders are taking out health insurance policies, new Health Funds Association figures show.

One commentator I read, who happens to be a big fan of robo-advice, talked excitedly about how it solves all those messy compliance problems caused by forgetful – or conflicted – humans.