Insurance companies are welcoming a private member’s bill that would give people aged over 65 a 25% rebate on the cost of their health insurance and would axe the health insurance fringe benefit tax.

Loan Market and Allied Kiwi have confirmed they have completed their merger, creating one of the country’s biggest financial services companies.

ASB is closing down its KiwiSaver scheme set up for advisers and is currently considering its future options for the product.

AIA’s Hong Kong-based parent company has reported a strong result for the 12 months to  with net after-tax operating profit up 12% to US$2.16 billion.

Milford Asset Management Wins Morningstar New Zealand Fund Manager of the Year Award 2013.

AMP-owned advisory group Spicers has appointed some new directors.

KiwiSaver members will be offered the chance to invest in hedge funds by a new player in the market, Generate KiwiSaver.

New Zealand’s newest bank has posted a 9.2% lift in first-half profit, to $10.7 million for the six months ended December 31.

ASB is no longer accepting applications for its FirstChoice KiwiSaver scheme.

Llife insurance sales are facing many threats at the moment which are limiting API growth. AMP managing director Jack Regan discusses the threats and what the company is doing to mitigate them.