An overweight stance on global equities that was largely in place since September 2011 has been reduced to neutral by Nikko Asset Management’s Global Investment Committee (GIC) as the committee members were less optimistic about the outlook of corporate earnings and share prices in the United States, according to the company’s latest house view.

AIA has signalled its growth intentions with enhancements to its personal product range, and launching with a new health product that lifts medical cover to $500,000, with a discount regime to make their insurance products more affordable for customers.

Almost 80% of retirees say New Zealand Superannuation is insufficient for a comfortable retirement, new research shows.

AMP is calling for the one million New Zealanders who have stopped contributing to KiwiSaver on a regular basis to consider reinstating regular contributions in order to save for their retirement.

Synergy, the new class DIMS offer from FANZ and Consillium has appointed a business development manager to work with advisers.

Complaints about financial advisers to the Insurance and Savings Ombudsman scheme primarily relate to fees and advice processes, its latest annual report shows.

Retirees have the highest level of wellbeing in New Zealand but young Kiwis are not on track to achieve the same results, researchers say.

A former director of OPI Pacific Finance, David Mark Anderson, has been sentenced to 300 hours community work and ordered to pay A$100,000 in reparation.

ANZ makes an unsolicited loan offer to a customer which is more than the borrower could afford.

Specialist lender RESIMAC has taken a bold step and decided to charge a loan processing fee when deals are lodged.

International peer-to-peer operator P2P Global Investments has agreed to provide up to $200 million of lending capital to Harmoney, which will be used to support continued growth in the New Zealand market and the upcoming Australian operation.

Financial adviser complaints made up just 2 per cent of the total complaints dealt with by the Insurance and Savings Ombudsman scheme in the latest financial year.