AXA chief executive Ralph Stewart has fronted up and admitted the savings industry and the government betrayed New Zealanders over the years.

Tracey-Lee Pettifer has joined Perpetual Portfolio Management (PPM) in the role of Head of Adviser Services.  Pettifer was previously with AMP running the investment product team and before then ran the adviser support team with ASB.

Risky business assessed in survey; Your thoughts on retirement income policy; Tower's KiwiSaver PPP call

The timeline for the government’s retail deposit guarantee has put pressure on South Canterbury Finance’s liquidity position, according to rating agency Standard & Poor’s.

After months of borrowing advice saying floating rates are the way to go, there has been a change of tune from BNZ economist Tony Alexander. He now says the time may have come to fix rates at one or two-years.

Emerging markets are still the best option for medium-term growth, though share markets in developed nations are still on the way up, according to BT Financial Group chief economist Chris Caton.

Morningstar has announced the winners of the Morningstar New Zealand Fund Manager of the Year Awards 2009.

Peter Huljich has stepped down as the managing director and chief investment officer at Huljich Wealth Management after a board review of the company's operations.

AMP Capital has taken out the Morningstar fund manager of the year award for the second year in a row.

Over 65s will be hit the hardest as health insurance premiums look to increase by around 12% with insurers feeling the impact of a reduction in claims paid by ACC .

Perpetual Trust holds the fate of Strategic Finance in its hands after receiving the beleaguered finance company’s best option on Friday.