Sovereign chief executive Symon Brewis-Weston has become one of five CEOs around the world to be recognised in 2015 by the United Nations for his progressive approach to workplace diversity and community engagement.

New Zealand’s five major banks (ANZ, ASB, BNZ, Kiwibank and Westpac) have continued to show solid lending growth in the fourth quarter of the 2014 calendar year but total reported profits are marginally down.

Property investors are the target of a new Reserve Bank lending restriction, but the bank says it’s not a macro-prudential tool.

The review of financial adviser regulations has officially started and one industry leader is saying there should not be different classes of advisers.

Income protection cover rates have improved, the latest Financial Services Council statistics show.

AMP has handed out awards to top-performing advisers in its network.

Newpark has appointed Judy Wedgwood as its new training and compliance manager.

Terms of reference for the Financial Advisers Act review have been released.

Asteron Life has launched a new trauma benefit that could allow customers to claim for the same or related condition up to three times as their condition worsens.