The Minister of Commerce has announced Diane Maxwell will act as interim Retirement Commissioner for three months until the end of June, on secondment from the Financial Markets Authority.

National Finance 2000 director Anthony Banbrook has today been sentenced to eight and a half months’ home detention and ordered to pay $75,000 in reparations in a prosecution taken by the Financial Markets Authority.

People with recent overseas criminal convictions will not be able to register as financial services providers, under changes announced today.

Personal insurance is recovering well from the recession, statistics from the Financial Services Council show.

New Zealand’s banks are being sued for $1 billion in a class action lawsuit announced today.

Joan Withers has been appointed to the ANZ board.
 

Hubbard Management Funds investors will this month receive another payout of 15c in the dollar.

The Commerce Commission is advising the finance sector to take note of the lessons to be learned from its investigation into the marketing and sale of the failed investment product Credit SaILS. The following are its tips.

Highlights from Sovereign’s latest product release include; new Disability Income Protection benefits, Mortgage and Income Protection, Loss of Earnings and Redundancy Cover.

New Zealanders will soon start to hear more from the Reserve Bank, governor Graeme Wheeler says.