Nikko finalises Tyndall acquisition; Copper Rock rolls out new fund; Financial markets gain in February.

Former Nathans Finance director John Hotchin has been sentenced at the High Court to 11 months home detention, 200 hours of community service and payment of reparation of $200,000.

Paul Fyfe has been appointed as the inaugural chairman of the Quality Advice Network (QAN), which has been established by advisers with support from AXA to help improve public confidence in the advisory sector.

Fidelity Life has reported profit of $9.3 million for the six months to 31 December 2010 and a huge 51% increase in KiwiSaver funds under management in unaudited key financial indicators.

AIA had a successful year increasing its net profit by 54% to $3.6 billion in the year to November 30, 2010.

Morningstar has announced the winners of the Morningstar New Zealand Fund Manager of the Year Awards 2010.

Morningstar handed out its fund manager of the year awards in Auckland last night. While the top award went to a big manager it won't be long till a boutique manager takes the top prize.

Commerce Minister Simon Power today welcomed the report-back by the Commerce Select Committee on legislation to establish the Financial Markets Authority (FMA) and to improve KiwiSaver scheme governance.

Commerce Minister Simon Power is to retire from politics at the election in November.