Russell Hucthinson reviews the impact of regulations on the life insurance market and comes to some surprising conclusions.

Milford Asset Management is expanding its team of investment professionals to meet growing demand for its funds across the wholesale, retail and KiwiSaver markets.

Improved market conditions over the second half of 2012 have given KiwiSaver growth funds a boost, according to the latest Mercer survey.

Ross Asset Management did not have the cash to keep up with customer withdrawals over the past five years, its receivers say.

The United States' final Foreign Account Tax Compliance Act (FATCA) regulations have produced a “workable outcome” for New Zealand superannuation and KiwiSaver funds, according to PwC.

The Financial Markets Authority says six directors of Strategic Finance are likely to have breached the Securities Act.
 

Westpac’s focus on cross-selling has seen the percentage of its customers with wealth products increase to 23.4%, up from just  17.3% at the beginning of 2011.

Two more directors of Capital + Merchant Finance have today entered guilty pleas to three charges laid by the Financial Markets Authority.

ASB says there is a growing possibility the Reserve Bank may use macroprudential tools soon, to enable it to leave the official cash rate on hold until the first quarter of 2014.

The Kiwi dollar may hit US90c before the end of the year, putting even more pressure on exporters.

Business owners can now turn to their insurance to cover the cost of an IRD audit.

Squirrel has appointed Venu Chawdrapu as a managing partner for the New Zealand Indian market.

BNZ has announced its KiwiSaver scheme will launch on February 25.
 

TOWER’s former senior commercial manager has been appointed chief financial officer of the National Institute of Water and Atmospheric Research.