A former lawyer has pleaded guilty to running what looks like a Ponzi scheme, the Serious Fraud Office says.

OnePath has decided to merge its two life insurance companies – one that services advisers and the other for bank-distributed product.

There have been a number of stories this week which have certainly got me thinking.

Online life insurance business Pinnacle Life has appointed a CEO to take over the role from Noel Vaughan.

Australian-based fund manager Perennial Investment Partners says its new fund has hit a note with advisers in New Zealand and is getting good flows.

Investment management firm PIMCO has announced its co-founder and chief investment officer, Bill Gross, has resigned.

Newly-minted dealer group Kepa has appointed the wife of a mortgage adviser to head up its home loan operations.

Janine Scott is Massey University’s new director of financial planning.

AMP has announced it will offer a free accidental death benefit up to $100,000 to existing AMP KiwiSaver scheme members and those who join before the end of 2014.

Non-bank lender RESIMAC has completed a $150 million securitisation which will help it continue to grow in New Zealand.

Van Eyk’s offices in Sydney have reportedly been raided by the Australian regulator.