Chris Locke has joined Camelot’s Wellington office.

Wellington investment company Rangatira’s chief executive, Ian Frame, is to retire at the end of June this year.

Drew Hoffman has been appointed to the Newton Ross team in Auckland, where he will work as a senior adviser.

New Zealand’s newest bank is tospend almost $90 million buying a reverse mortgage business.

New Zealand’s banking sector is still at risk from rising house prices, rating agency Standard and Poor’s says.

Westpac appointed a director of third party banking who will take over running the bank's broker unit which was formerly headed by David Gopperth.

Milford Asset Management has opened an office on the other side of the Tasman.

The Professional Advisers Association (PAA) has appointed a dedicated learning and development manager.

Health Insurer Accuro has switched ratings agencies and been given a B (Stable) rating from AM Best.

[UPDATED, adds FMA comment] The Financial Advisers Disciplinary Committee (FADC) today dismissed an FMA complaint against former AFA David Ross.

Peter Dine has taken over as acting head of Aegis following the resignation of Wendy Chandler.

Southern Cross is the latest insurer to offer a policy that covers everyday, small healthcare costs.