Proving their Ross Asset Management portfolio gains were fictitious is up to investors, according  to the latest update from the Ross Asset Management receivers.

Bill Wilder, president of Nikko Asset Management, is to retire at the end of the month.

Charles Beazley will take over for the next financial year.

Wilder joined the firm in 2004. He has been a member of Tyndall NZ's board of directors since Nikko AM's acquisition of Tyndall in March 2011.

Hamilton adviser Glen Williams has joined Plus4 Insurance Solutions,  the national insurance broking and financial adviser group.

New Zealand house prices are increasing at such a pace that the Reserve Bank should act now, says TD Securities economist Annette Beacher.

TOWER group managing director Rob Flannagan says his job is done and he s resigning.

The Reserve Bank’s new licensing regime is already creating a sounder insurance sector, according to its head of prudential supervision.

Westpac has made three changes to its home loan rates including a match to ANZ's new one-year offer.

Credit rating agency Fitch has affirmed the AA- ratings of ANZ, ASB BNZ and Westpac.

Mint Asst Management has made a new appointment to its board.

Three directors of the failed finance company Capital + Merchant Finance have been sentenced at the Auckland High Court following action taken by the Financial Markets Authority.

nib has announced the appointment of Alan Clarke as chairman of Tower Medical Insurance.