AMP New Zealand managing director Jack Regan says people need to think of the company’s proposed takeover of AXA as the creation of a new business, rather than one company subsuming a rival.

First NZ Capital Investment Management (FNZC) has decided to exit the KiwiSaver market and transfer its business to Fisher Funds.

Lead partner of PriceWaterhouseCooper's (PwC's) Financial Services practice Paul Mersi is leaving the company at the end of December.

AXA Global Investors has appointed Jason Wong will as its head of investment strategy and he will start on Wednesday.

Allied Farmers has confirmed that a short time after its acquisition of Hanover assets it became concerned about certain Hanover conduct prior to the purchase, and immediately raised those concerns with regulators.

The Serious Fraud Office has launched an active investigation into Hanover Finance, after preliminary enquiries found reasonable grounds to "believe that fraud had been committed."

Equitable brings curtain down; Adviser regulation date this week; Increased support for responsible investment; Newpark launches investment services for RFAs.

Hanover Finance has called in the lawyers to pursue Allied Farmers over allegedly attempting to "evade various contractual obligations to Hanover."

Grant Thornton's fifth Hubbard report has found tardy interest payments by Aorangi Securities' borrowers continues to slow progress for the statutory managers with a total of $5 million still outstanding.

Shareholders of Pyne Gould have approved the proposal that will turn their finance company, Marac Finance, into 71% of a new, NZX-listed "heartland" bank.

Former National Finance accountant John Gray has been sentenced to 18 months imprisonment after pleading guilty to charges of theft by a person in a special relationship at Auckland District Court.