Authorised Financial Advisers have shown good ethics but need to work on their record-keeping and ensuring personalised advice is suitable for the client, the Financial Markets Authority says.

Bank of New Zealand will be looking for someone new to head up its private banking division.

[UPDATED with FMA comment] The Financial Markets Authority’s goal of encouraging more affordable financial advice is worthy but faces a number of challenges, according to an adviser industry leader.

Harbour Asset Management looks at the fixed interest market and recent events which investors need to focus on.

Brook Asset Management has added a respected industry expert and thought leader to its board.

Ex-adviser back in court; An adviser is not a salesperson; Guardian Trust looks for more AFAs.

Westpac’s big bond rush; Hubbard investors told to repay; Pyne Gould sells Heartland shares

Advisers need to ask their clients more than just half a dozen questions to work out their ideal asset allocation, according to FinaMetrica co-founder Paul Resnik.

Christchurch-based Unimed, which operates mainly in the group health insurance business has been delivered its latest ratings update from AM Best.

Dealer group TNP is rolling out a new share ownership plan where members earn shares in the company based on their production levels.