Listed research and advisory firm Investment Research Group (IRG) has sold its Tauranga office to one of the investment advisers who works there.

Kiwibank has confirmed its KiwiSaver scheme will be replaced by one managed by Gareth Morgan Investments (GMI), but it hasn’t decided whether the scheme will be rated by Morningstar.

[UPDATED - with decision] A financial adviser sued by a former client over finance company advice, won't be able to hide behind his company after the High Court found him personally liable for an increased damages award of $90,000.

The Code Committee for Authorised Financial Advisers (AFAs) has elected a new chairman.

Former mortgage broker Kerry Buddle has pleaded guilty in the Wellington District Court to four charges of obtaining accommodation by deception and is likely to be sentenced to community work, according to the Stuff website.

Retirement Commissioner Diana Crossan is stepping down from the role after 10 years service.

Cigna Life Insurance has appointed three new directors, including a new chairmain to its board.

Asteron Life has appointed an executive manager Claims and Underwriting.

Authorised Financial Advisers who haven’t renewed their business statements on their anniversary risk being put out of business.

Man Investments has announced an “on-going restructuring” but promised advisers it will be business as usual.