Two small-cap stocks, Savor Group and New Zealand King Salmon Investments, staged strong earnings turnarounds, but the NZ sharemarket remained stuck in negative territory.

Australian industry veteran Jo Townsend has been appointed chief executive of the Guardians of New Zealand Superannuation.

While the usual suspects were finalists in the Morningstar Fund Manager of the Year, a new winner was announced last night.

Southern Cross is the latest insurer to be pinged by the Financial Markets Authority for not correctly applying discounts to clients.

Experienced director and chief executive Jennah Wootten has joined the board of Perpetual Guardian Group.

Aggregation business, Finsure Group, has rejected claims by the Commerce Commission that advisers are at risk of being influenced by their own financial interests when providing advice.

Well-known life insurance industry figure Peter Mensah is the new North Island regional manager at Chubb Life.

Australian-based investment manager Maple-Brown Abbott, which is represented by Heathcote Partners in New Zealand, has appointed Sophie Metcalfe as business development manager.

The Commerce Commission says mortgage advisers are at risk of being “unduly influenced by their own financial interests” when providing advice.

New Whakamātūtū Wellington Depression Recovery Centre gets financial boost from Partners Life.