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.

[UPDATED - includes BNZ and Westpac] ASB, Kiwibank and ANZ National have all announced special offers for Christchurch customers with rates as low as 3.65% and ANZ saying it has $1 billion available to lend.

Currently there are 1237 AFAs and 63 QFEs. Two weeks ago the number of AFAs sat at 733.

As part of a strategy to develop and promote its brand AIA New Zealand has expanded its marketing team with two new appointments.

Mortgage Link Hawkes Bay has added a new broker to its ranks.