A former financial adviser has pleaded guilty to stealing nearly $3 million.

Auckland property investors now have to have a 30% deposit to buy a rental under new rules proposed by the Reserve Bank. Here is what the bank said.

Nelson-based adviser Mark Sheehan has joined insurance broking and financial advice group Plus4.

Fidelity Life has appointed Brian Blake to its board of directors.

Growing complexity in risk management is set to be a major challenge for asset owners over the next 12 months, according to a survey by custodian BNP Paribas Securities Services.

Growth in retail funds under management was concentrated in KiwiSaver funds in the first quarter of this year, FundSource research shows.

ANZ is running a campaign to remind KiwiSaver members to contribute enough to get their $521 free from the Government.

BNZ has produced a “very strong” result in the six months to March 31, with net profit up almost 28% to $502 million for the period.

Chief executive Anthony Healy talks to TMM Online about BNZ's plans to return to the broker market after a 12-year absence.