New adviser regulations that came into force last year had a negative impact on new business sales at Sovereign, chief executive Charles Anderson says.

Tyndall Investment Management appointed fixed income analyst who worked for NZ Super Fund previously.

The Local Government Funding Agency is making its first debt issue today, looking to raise $300 million of what is expected to be up to $5 billion over the next five years.

Fidelity Life has appointed new business development manager to fill the gap left by the loss of Warren Day.

More changes coming at Ginger Group; AFA and MDRT raise money for Chch.

Falling fixed-rate mortgage rates to within cooee of floating rates means would-be borrowers are now paying a lot more attention to the fixed rate space, leading mortgage brokers report.

Plus4 Insurance Solutions (Plus4), the national insurance broking and financial adviser grouphas added a new adviser to its office in Wellington.

Guiness Peat Group has forced a Tower director to resign; meanwhile, it says it is in no hurry to sell its stake in the listed insurer/fund manager.

Mel Hewitson, who was previously the director, Financial Adviser Regulation at Financial Markets Authority, has a new role with a bank.

Marac rating updated and gone; Lombard trial update; SCF receivers sell more assets.