For Bar takes on trainee adviser in Dunedin.

Broadlands Finance has had its long-term counterparty credit rating reduced from ‘B’ to ‘BB-/B’ by Standard & Poor’s and its outlook held on negative, with ratings analyst Peter Sikora  citing Broadlands “weak liquidity position, vulnerable funding profile and high-risk loan portfolio.”

The Serious Fraud Office (SFO) has charged B'On Financial Services co-directors Michael Bradley and Jacqueline Bradley over allegations they defrauded 85 investors of more than $15 million.

The Serious Fraud Office (SFO) has arrested one current and one former director of Capital + Merchant Finance.

Total KiwiSaver membership recorded by IRD grew by more than 23,000 in November, though membership trends suggest KiwiSaver has entered the ‘hard yards' for growth.

Grosvenor is becoming a Qualifying Financial Entity (QFE) so it can give options to the whole cross-section of advisers that use the company.

To be confirmed

Former Sovereign creator Chris Coon and Naomi Ballantyne, who left Sovereign to establish Club Life, are looking to repeat their start up life insurance company trick again.

RaboBank's BankaRate deposits snapped up in 24 hours; Infratil returns to bond market; Moody's assigns rating to BNZ covered bonds.

IFA does international deal; Securities Commission defends itself; S&P raises AIA's rating; 14 new CFAs.