The Professional Advisers Association says the proposed changes to the taxation of life insurance products will have a negative impact on the industry.

South Canterbury joins up with Kelt, Compass rating reviewed, PPCS bond yields leap in `scary' signal, Nationwide goes unconditional on Hanover.

Sharebroker Goldman Sachs JB Were is warning that if bond rates continue to increase it will be harder for the sharemarket to perform.

Auckland

Standard & Poor's believes that the current trend of mergers and acquisitions in the New Zealand finance company sector will continue and ultimately should have a strengthening effect on the industry, lessening some industry risks that are currently apparent.

Adrienne Smith has resigned as the general manager of home loans at Sovereign to take up a newly created role as chief operating officer at NZ Finance.

UPDATED: The Professional Advisers Association has strengthened one of its key membership benefits by negotiating significantly lower professional indemnity insurance premiums for its members.

Auckland

AMP Financial Services has agreed to buy the Roost mortgage broking business for an undisclosed amount.

ING crowned - again, Offer closes, Two ING fund reports out, Firms to avoid.

In reflecting over the news this week could be described as a good news sort of time for the savings industry.

Wellington

Managed funds had their strongest in flows in three years in the first quarter of this year, the latest FundSource research shows.