Macquarie Private Wealth has appointed Daniel Bond as an investment adviser in its Auckland office.

After two weeks with no mortgage rate changes, there has been a sudden step-change with 14 lenders increasing their short-term rates over the last 10 days.

Marac Finance ramped up its rates for non-secured deposits this week with the biggest gain in short-term offerings.

A merger with AXA Asia Pacific is not a “strategic necessity” for AMP, though it would speed up its growth strategy if it goes ahead, according to group chief executive Craig Dunn.

Viaduct Capital has called in the receivers, telling investors that most of them will get their money back from the government because the bulk of the funds were collected before the finance company was suspended from the deposit guarantee last year.

The Institute of Financial Advisers (IFA) has appointed Nigel Tate as its new president.

Tom Roberts has retired from the ASB Bank after 45 years service to the organisation.

Tom Roberts has retired from the ASB Bank after 45 years service to the organisation.

Christchurch (two dates)

Some advisers are asking what the future ownership structure of Fidelity Life will be now its founder, and major shareholder, Gordon Watson has passed away.