BNZ’s managing director and chief executive Andrew Thorburn is to become the chief executive of the bank’s parent, National Australia Bank.

Life insurance company Cigna has named its new chief executive who will replace Gail Costa.

Offshore participation in local government funding agency bonds is increasing, Westpac says.

Offshore participation in local government funding agency bonds is increasing, Westpac says.

AMP is venturing into the online direct sales space with a new product called Quick Start Life.

ANZ Investments has received a silver rating for all of the multi-asset class funds in its three KiwiSaver schemes, from research house Morningstar.

Plus4 Insurance Solutions has a new Auckland-based adviser.

Mortgage Express has appointed two new advisers – Sian Jones and Megan Fraser.

Loan-to-value restrictions on mortgage lending have probably had a bigger impact on the market than the Reserve Bank had expected and might prompt it to relax the rules, Westpac’s economists said today.

Looking through the week's news the piece which captures my attention is the Financial Market Authority's discussion paper around AFA reporting. it's not one of the stories which has generated much reader comment, but it is siginficant.