The Financial Markets Authority's (FMA) new advertising campaign, with the tag line 'cowboys belong in the movies, not the financial markets' has sparked anger among advisers and a formal complaint to the Advertising Standards Authority.

Changes to the number and nature of KiwiSaver default scheme providers is "worth examining in slower time", according to a Treasury paper on Budget 2011 KiwiSaver reforms.

Australian firms exempt from Financial Advisers Act; Number of KiwiSaver default schemes ‘worth examining'; Long wait for Hubbard investors; Sir John Anderson to chair Financial Summit.

Tower has announced the appointment of Michael Allen as a director to the boards of Tower Ltd and Tower Capital Ltd.

Just one day before the new adviser regulations come into force some advisers plan to continue in business unregistered and “wait and see what happens”, according to Insurance and Savings Ombudsman (ISO) Karen Stevens.

Z Energy, formerly Greenstone Energy Finance, plans to sell up to $150 million in seven-year bonds yielding 7.25%.

The required text for financial adviser investment statements has been changed as part of an update of the Securities Regulations 2009.

Lonsec tops research house survey; Regulation number one issue for wealth management; Sovereign to host ground breaking UN talks.