Generation Y (ages 17-28) is not a new consumer group. In fact, they are the most marketed-to generation in history. They have money, and they are getting more powerful and influential each year. These four steps will help you identify what is important to your prospective Gen Y clients.

Floating rates continued their fall this week with PSIS being the first non-bank lender to reduce its floating rate this year, cutting it by 20 basis points from 5.95% to 5.75% along with its revolving credit rate. The median floating rate for non-bank lenders is 6.45% which is a significant 70 basis points higher. PSIS also dropped its discounted floating rate by 20 basis points from 5.45% to 5.25%.

Morningstar questioned the performance of Huljich Wealth Management in its latest survey of KiwiSaver funds, saying the provider wouldn’t have posted as strong returns without extra payments from the owner.

Mercer has appointed David Anderson as managing director and market leader for Australia/New Zealand.

The Adviserlink Advisory Board has appointed Colin James as its general manager.

Adviserlink says this strategic appointment follows the departure in late 2009 of Leonie Wallwork who has subsequently taken office with ETITO.

Glass buys Were fund; Huljich withdraws investment statement; Govt's response to Capital Markets Development Taskforce welcomed; Macquarie ratings affirmed

Huljich Wealth Management has confirmed reports that questioned some of its KiwiSaver performance numbers and plans to update its prospectus and clarify the published accounts.