This week's wrap is about how an old, long-standing company in the financial services sector is changing and how the market is changing.

AMP has posted a solid result for the six-months to June 30, as it prepares for the change in life insurance taxation rules next year. Managing director warns there is pressure ahead, especially in the distribution space.

Magellan has increased the cash weighting in its Global Equity Fund on the back of global economic concerns.

AMP Capital has rolled out its solution to help for post-retirement clients a “goals-based” set of funds.

Philip Macalister gives you a round up of interest rate news; tells you a story about a re-finance he has just done, and talks about Westpac’s latest moves.

Sovereign has reported a solid result for the 12 months to June 30 and says new products and the adviser channel are going well.

This week has been dominated by some of the things that came out of the Workplace Savings conference around advisers and KiwiSaver and there have been quite a few surprises.