Global bond yields collapsed in January, driven by a combination of lower oil prices, inflation concerns and bond buying by the European Central Bank.

The Financial Services Council has closed its Wellington office.

Deborah Keating is no longer working for the organisation.

Chief executive Peter Neilson said the office closed at Christmas. “Most of our members and one of our two regulators are now Auckland-based. We now have a support office in Auckland and I continue to work from home in Ellerslie.”

Mortgage Express has appointed another Auckland-based mortgage adviser.

Acting Westpac chief executive David McLean has been handed the role permanently.

The New Zealand Superannuation Fund returned 13.89% over 2014 but there’s a warning 2015 may not be as good.

The Reserve Bank has today left the OCR unchanged at 3.5%, but has shifted to an explicitly neutral stance that is likely to keep interest rates low for some time yet.

OCR increases are off the table for now, economists say.

Private Wealth Advisers has hired Ben Lavender as a private investment adviser.