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.

Pathfinder has passed the $100 million mark in funds under management and launched its fourth fund.

IOOF in Australia has closed its My Adviser and Plan B Wealth Management financial planning services, but says there are no changes planned to its Kiwi business at present.

The Reserve Bank cut the OCR to 3% today. Find out why here.

New Zealand's softening economic outlook and low inflation has led the Reserve Bank to cut the OCR to 3% today.

Reserve Bank governor Graeme Wheeler explains why the Official Cash Rate was cut today.

Salt Funds Management has employed Randall Clement as an operations analyst.

Morningstar says its downgrade of Milford’s Trans-Tasman Fund reflects the fact that Brian Gaynor will have to adopt an unfamiliar strategy to manage its money.