Milford Asset Management's private wealth division has been grated a discretionary investment management service (DIMS) licence by the FMA.

New Zealanders have been paid out more than $1 billion in personal insurance claims each year for the past five years, the Financial Services Council says.

Sovereign has been given the Rainbow Tick, signifying the company offers a welcoming work environment for gay and transgender employees.

Harbour Asset Management says its appointment of a new specialist operations analyst should give advisers confidence of "no surprises".

Two advisers I know have recently taken the churn debate right into the public domain and uses it as a positive marketing strategy: in almost exactly opposite ways.

Robust house price growth – particularly in Auckland – is elevating risks to New Zealand’s financial system, according to Standard & Poor’s latest Banking Industry Country Risk Assessment (BICRA).

The FMA has sent a Information Sheet to fund managers about misconduct risks which is being interpreted as a response to alleged market manipulation at Milford Asset Management.

Mark Collins has, as reported by TMM Online, stepped down from his role as chief executive of Kiwibank-owned NZ Home Loans.

Former Mike Pero Mortgages advisers are trying to getting two year restraint of trade clauses overturned in court.

New Zealand’s Health Funds Association (HFANZ) is urging Parliament to support a member’s bill that proposes a 25% health insurance rebate for retirees and other measures to incentivise coverage.

Financial Services Complaints Ltd (FSCL) general manager Trevor Slater has announced he is leaving his role.

Mortgage advisers can rule out ASB introducing trail commissions anytime soon, according to comments from chief executive Barbara Chapman.