Heartland Building Society has increased its capital raising by $3 million to $58 million to finance its purchase of PGG Wrightson Finance.

NZ Funds Management founders Gerald Siddall and Russell Tills have sold down their ownership in the business to the current managers.

Whether commission payments lead to conflicts of interest or not is immaterial all the time the perception exists, according to Berry Financial Services managing director Julie Berry.

Total KiwiSaver membership topped the 1.75 million mark in June despite a downturn in the sign-up rate, according to KiwiSaver provider Tower Investments.

Stevens follows Moses; Review of practice standards; More market commentary; Why Fish! is good.

The Institute of Financial Advisers has appointed Joe Grayland into the new role of Professional Development Director.

FMA chief executive Sean Hughes tells advisers who should be run out of town; acknowledges the Cowboy ads ruffled feathers and issues a challenge to advisers.

The Serious Fraud Office (SFO) has laid 11 charges under the Crimes Act against two current and one former director of Capital + Merchant Finance Limited (C+M).

TOWER Investments has made two new key staff appointments sourced from internal recruitment.

Standard & Poor's Ratings Services had placed its ‘BB' long-term issuer credit rating on New Zealand-based Credit Union North on CreditWatch with negative implications. At the same time, we have affirmed the short-term rating of ‘B'.

Harbour Asset Management has published its market commentary for July outlining its investment strategy.

Morningstar Australasia has appointed Nigel Crampton to the role of head of sales, reporting to Morningstar Australasia chief executive Anthony Serhan.

Former Nathans Finance director Roger Moses has resigned his life membership of the Institute of Financial Advisers (IFA).

In our continuing series looking at how interest rates work, Rodney Dickens responds to comments from a number of economists who criticised his approach to help keep rates stable.