Investors looking for a silver lining in the latest update on the Bridgecorp receivership will be disappointed with no sign of any improvement in the figures.

Financial Services Complaints Limited (FSCL) is the first dispute resolution scheme to be approved under the Financial Service Providers (Registration and Dispute Resolution) Act 2008.

If monetary policy tightening starts in June as BNZ still expects, then for those planning to have a mortgage exposure for three years there is a forecast benefit near 0.5% for fixing three years rather than floating says BNZ economist Tony Alexander.

Newpark launches new online tool; ING supports regulation timeframe move

Sovereign is mobilising to ensure that its customers are shielded from the immediate impact of life tax changes that take effect on July 1. 

Business development manager Ed Aitken is leaving The Investment Store to re-establish his insurance and investment advisory business.

Dorchester has appointed Mike Mander to take up the newly created role of group sales manager.

Reserve Bank has held the official cash rate at a record low 2.5%, but has indicated a rate hike is now in sight in the next couple of months with the economy’s recovery on track.

UPDATED 2: Financial advisers have been given some more breathing space to comply with new regulations.
(Includes comments from IFA and ETITO)

Guardian Trust has appointed Graeme Collier as head of product management and marketing, with responsibility for the financial success, growth and maintenance of the brand.