A small Whakatane-based finance company, one of the few survivors of the sector’s meltdown has been given another rap over the knuckles by the Reserve Bank.

Six people were recognised for their contribution to financial planning at the Institute of Financial Adviser’s conference in Auckland.

The Institute of Financial Advisers (IFA) has two new board directors and reappointed an independent director.

Investors would be better to put their money in American banks than to buy stock in their Australian counterparts, an equity fund manager says.

Newcomer Salt Funds Management has appointed a chief operating officer.

PAA chairman Peter Leitch has announced he is standing down after five years in the role.

Ratings agency Standard and Poor’s has revised its outlook on some banks and credit unions moving their ratings from stable to negative. This means they each could be facing a ratings downgrade.