IFA takes professional development online; ANZIIF offers Level 5 accreditation; Ratings cut on NZ banks.

The insurance sector remains "one private members Bill away" from a ban on commissions, according to new Investment Savings & Insurance (ISI) chief executive Peter Neilson.

Kiwibank to join BNZ with an offset product.

The Financial Markets Authority (FMA) has begun monitoring Authorised Financial Advisers (AFAs), calling for Adviser Business Statements from a selection of AFAs.

ISI chief executive Peter Neilson says the industry has paid out more than $12.5m in death claims as a direct result of the Christchurch earthquake.

The measures necessary to maintain financial adviser authorisation have been outlined by Kensington Swan partner and Code Committee member David Ireland and IBANZ CEO Gary Young.

Partners Life Limited is delighted to confirm the appointment of Joanna Perry (MNZM, FCA, FFin, MA) as a non-executive director to the Partners Life Board.

Included in this round up - which will be updated during the week are; Genesis raises $275 mill; Hanover withdraws summary judgment claim against Allied.

Despite the changes to KiwiSaver announced in the last Budget the scheme remains the best long term savings vehicle for most New Zealanders, according to the Investment Savings & Insurance Association (ISI).

[UPDATED] South Canterbury Finance's (SCF) receivers have sold more than $100 million in commercial loan assets to GE Capital's New Zealand equipment finance business.

Private wealth management and investment services provider JBWere has announced Mark Joiner will be appointed as chairman of its board of directors following the news Michael Ullmer is stepping down.