Australian Financial Investments Group (AFIG), which owns retail home lender Wizard and wholesale funds provider Australian Mortgage Securities (AMS), is reportedly up for sale.

Sovereign is concerned that confusion is being caused amongst advisers and their customers due to liberal interpretations some companies are making regarding Inland Revenue Department (IRD) definitions of income protection cover.

Sovereign is concerned that confusion is being caused amongst advisers and their customers due to liberal interpretations some companies are making regarding Inland Revenue Department (IRD) definitions of income protection cover.

Auckland

Alliance Capital has appointed AMP Financial Services boss Ross Kent to the role of general manager replacing James Thyne.

Mike Pero Mortgages increased profit forecast provides little help for its share price.

The Guardians of the NZ Super Fund have dumped one manager and appointed four new ones.

Wellington

Auckland

Finance company offerings have been popular with investors in the past year, often because of their "safe nature". But there may be some dangers lurking underneath the surface.

Stephen Wilson, chief executive of Equitable Group of companies cautions investors on investment fund security.