Fidelity Life has completed the purchase of the in-force life insurance business of Tower Health & Life and the group risk business of Tower Life for a total consideration of around $145 million.

AMP has been given the sign-off to combine its two KiwiSaver schemes.

If banks did not offer personal insurance products to their customers, they would not be providing a full level of service, says the chief executive of the Bankers Association. But there are concerns that some staff are not being adequately trained.

Lawyer David Ireland has been reappointed to the chairmanship of the Code Committee which is about to embark on making some changes to the code.

[VIDEO] The New Zealand share market has been a good place for investors to earn income in the past year, but things are changing.

LDC Finance investors will receive their full capital investment back, plus a partial interest distribution.

Speirs is working with an offshore investment bank to create a new finance business offering funding for vehicles and commercial plant to SMEs and consumers.

The future of the embattled LM Investment Fund which many New Zealanders have money in is set to be decided on Thursday.

The FMA has released a guidance note to help authorised financial advisers give limited advice, such as on KiwiSaver only or one investment product.

Secured debenture investors with money in Strategic Finance can still only expect up to 20% of their principal to be recovered, the receivers said in their latest report.

The NZ sharemarket generated returns of more than 30% last year. AMP Capital head of investment strategy Keith Poore looks at the prospects for the next 12 months.

Fisher and Paykel Finance reported a profit increase of 20% in the year ending March 31.