OnePath has announced it has achieved two KiwiSaver milestones with over 400,000 members enrolled in its four KiwiSaver schemes and $2 billion in funds under management.

After each OCR we survey economists for their view on where interest rates and home loan rates will be heading in the future.

Former Fisher Funds chief investment officer Warren Couillault has joined forces with the Spencer Family Group to launch new fund management company Richmond Investment Management.

Fisher Funds and Mike Pero Mortgages have announced an agreement for Mike Pero to distribute Fisher Funds KiwiSaver scheme.

Most companies in the life insurance industry showed less new business in the March quarter compared with December and the Investment Savings and Insurance Association (ISI) blames the continuing impact of the weak economy.

The Investment Savings and Insurance Association (ISI) says that while some changes to KiwiSaver are probably unavoidable given the current economic difficulties the country faces, now is the time to introduce changes that will provide certainty and ensure the long term sustainability of KiwiSaver, and that this will require cross-Party support given saving for retirement will cover more than the terms of ten Governments.

KiwiSaver members should be able to use their accumulated funds to repay student loans, helping young people to start saving faster and cutting the amount of debt carried by the country as a whole, said Milton Jennings, chief executive of Fidelity Life.

Commerce Minister Simon Power today welcomed Parliament's passing of the Auditor Regulation and External Reporting Bill.

It is unclear whether the Financial Markets Authority currently has the power to review client files when investigates financial advisers.

The May 19 Budget will see the Government change the mix of contributions to KiwiSaver, with less coming from the Member Tax Credit and more coming from both individuals and employers, said Prime Minister John Key.

Amadeus Asset Management has announced the appointment of Paul Baldwin as chief executive officer.

HSBC has appointed Noel McNamara as new chief executive officer for New Zealand, effective September 1 2011, subject to regulatory approval.