Retirement Income Interest Group (RIIG), not to be confused with Ralph Stewart's Retirement Income business, has updated its four Rules of Thumb for retirees thinking about drawing down their KiwiSaver and turning it into income.

The past week has seen three managers launch new funds into the New Zealand market.

Longstanding board member Jane Huria is stepping down from the health insurer's board.

Kiwibank chief executive Steve Jurkovich says the $225 million injection of capital means his bank is no longer the least well-capitalised bank in New Zealand.

Fidelity Life says new appointment underlines its commitment to the adviser channel.

The government has decided to inject a further $225 million of capital into Kiwibank via its wholly-owned holding company Kiwi Group Capital (KGC).

Leading fund manager Betashares has complemented its pioneering ETF range with a new suite of unlisted index-tracking NZ funds, offering investors and their advisers a convenient, tax-efficient way to construct core portfolio allocations to equities and fixed income.

Bravura decides to make interim chief executive permanent.

Jenny Campbell, now heading Australian aggregator Finsure's push into the New Zealand market, had already stepped back from the industry in March 2020, just ahead of covid landing on our shores.

An Australian mortgage aggregator, Finsure Group, is expanding into New Zealand with a well-known industry personality, Jenny Campbell, at the helm.

From today the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko – will begin accepting licensing applications for financial institution licenses under the Conduct of Financial Institutions (CoFI) regime.