Financial industry stalwart David Whyte has been appointed to the board of Fidelity Life Assurance.

Wellington

Everyone including depositors, the Reserve Bank, trustees and non-bank deposit takers has a role in ensuring the future health of the finance sector, Reserve Bank Head of Prudential Supervision, Toby Fiennes, says.

Public Trust has signed up Robert Gatward as the new senior manager client services.

Working alone is not the best approach to business. No one person can keep up with the regulatory demands, specialisation and paperwork faced by today’s advisers.

Former specialist lender Bluestone is still active in the financial markets, albeit in a different guise to when it originated loans.

AXA has confirmed that it plans to wind up two of its mortgage funds and return money to investors over a four to five year time frame.

Wellington

One more in orbit for Saturn; Macquarie partners up with accounting firm; Higher qualifications sought; Commission changes exemption on short form prospectuses; SBS celebrates 140th birthday; Fixed interest managers underperform

Dorchester makes second repayment; ANZ National first lender to use guarantee for offshore bonds; Fonterra considering another bond offer

Blue Chip has caused another company failure in New Zealand; the latest victim being Tasman Mortgages.

Blue Chip has caused another company failure in New Zealand; the latest victim being Tasman Mortgages.

In the wake of ING's restructure of its funds management division it is understood about 15 jobs will be lost.

Wellington

The role of trustees is firmly in the spotlight following a recent Companies Office report about the role they played in failed finance companies.