[Updated] A high-profile, and award winning mortgage adviser has joined Lifetime.

TOWER has announced this morning that it has sold its life insurance business.

Westpac’s New Zealand fund management arm has contracted out the management of more than $650 million in listed New Zealand stocks and property holdings to a new company started by employees.

Members of Tower Investments’ equities team have re-emerged as Castle Point Funds Management.
 

BNZ has started the week by upping the ante in the one-year home loan rate market.

Australian health insurer nib has named a chief executive for its  New Zealand operations, the former TOWER Health business.

Kingfish has paid a performance fee of more than $3 million to Fisher Funds.
 

ANZ has appointed Manfred Liechti as managing director global private banking.

Geneva Finance’s moratorium repayment of $4.9 million, due on September 30, will be paid on May 8, 22 weeks ahead of schedule, the NZAX-listed vehicle loan provider said.

Dealer group TNP has promoted one of its people to the role of general manager operations.

Dorchester has increased its profit guidance and announced it intends to pay dividends for the first time since 2007.

No criminal charges will result from the Serious Fraud Office investigation into Hanover Finance because the Serious Fraud Office isn’t convinced it can prove the directors intended to be dishonest, it announced today.