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.

Harbour Asset Management has launched its Harbour NZ Core Fixed Interest Fund (Fund).

Chapman Tripp says the Budget changes leave KiwiSaver intact, but with war wounds.

The KiwiSaver changes announced in the Budget do not alter the need for people to save for their retirement, but they will make the journey to your savings goal much tougher.

Heartland New Zealand still faces many obstacles before it can gain a banking licence, says accounting firm KPMG.