Blair Bennett has joined Lower Hutt advisory firm Chris Mackay Financial Planning as a Financial Adviser. 

Insurance advisory group TNP is expanding its reach and setting up a wealth management arm.

Accuro Health Insurance has appointed Bruce Morrison as its new chief executive to replace Naomi Ballantyne who held the role in an interim capacity for the past four months.

AIA Group says its Hong Kong Initial Public Offer (IPO) is the largest IPO in Hong Kong's history, the third largest globally and the world's largest IPO in the insurance sector.

The September quarter was the largest positive net funds flow period for the retail managed funds industry for the calendar 2010 year.

The Serious Fraud Office is still in overdrive, adding Dominion Finance and its sister company North South Finance to a growing caseload.

Tower has put its hostile takeover bid for rival Fidelity Life on hold.

The Commissioner for Financial Advisers has taken the last formal step required for the introduction of the new financial advisers regulatory regime by gazetting the Code of Professional Conduct for Authorised Financial Advisers.

Cabinet has approved regulations which set out the details of disclosure statements required under the Financial Advisers Act, but it has also decided to make more changes.

The official cash rate has been kept at 3% due to weak spending and a soft property market, however some tightening is still expected.