David Ireland has been appointed the new chair of the Association of Superannuation Funds of New Zealand (ASFONZ).

ASB has appointed 46-year old British international banker, Charles Pink, as its new managing director replacing Hugh Burrett.

Nationwide

Auckland

A few more moves have been made this week in the distribution chess game. Today Good Returns reports that listed IRG Group has bought the business of Tauranga adviser and ING-supporter, Phillip King.

Tower Health & Life has released some enhancements to its Key Person Cover. This cover is designed to pay a monthly benefit if a business owner or key person is unable to work due to an illness or injury.

AIG Life has announced the departure of Jeremy Young, head of distribution – AIG Life, to new opportunities within the insurance industry in Hong Kong.

Wellington

The Reserve Bank has now officially become the regulator of the non-bank deposit-taking sector and all finance companies will have to get ratings.

Napier

Christchurch

Legislation has been introduced into Parliament to ensure employers meet their obligations to pay contributions to their employees' KiwiSaver accounts.

Goldman Sachs JB Were Asset Management has appointed Clare Memmory as a senior equity analyst.

Tauranga

Wellington

A group led by Strategic Finance's managers and directors agreed terms to acquire the business from Allco HIT in a deal valued at about $90 million.