Sovereign's former head of workplace Adrian Riminton has been appointed as general manager adviser distribution.

Mike Pero Mortgages has signed up to the recently government approved disputes scheme, operated by Financial Services Complaints Limited (FSCL).

The prospect of an increase in the official cash rate increased slightly yesterday on the back of a speech by Reserve Bank Governor Alan Bollard.

New Zealand's recovery from the Global Financial Crisis is entering a new, less fragile stage, which will allow monetary policy stimulus to be removed, Reserve Bank Governor Alan Bollard said today.

Christchurch

Dunedin

Sovereign has appointed David Haak as its chief distribution officer and he is responsible for the delivery of insurance products and services to financial advisers, ASB bank and corporate partners throughout New Zealand.

A marked shift to floating and short-term rate mortgages by borrowers last year was flagged in KPMG's 2009 Financial Institutions Performance Survey as the central bank gets closer to hiking rates.

National Australia Bank (NAB) has appointed Jennifer Lauber Patterson as head of environmental treasury solutions within its Wholesale Banking division.

The Investment Savings & Insurance Association of New Zealand (ISI) has appointed Stephen Leslie to the newly created role of communications manager.

Wellington

Gordon Watson, the founder of Fidelity Life, passed away peacefully yesterday after a long illness.