A white paper by Morningstar has criticised the government’s selection of default KiwiSaver providers for having a short-sighted focus on fees that is not supported by evidence.

A former ACT Party deputy leader and MP will take over as chairperson of Financial Advice New Zealand.

Accuro has appointed a new board chairperson to replace Tony Haycock who has retired from his position.

A new independent hospital for the South Island's central lakes region was formally opened on Friday, offering the local community better access to elective surgical services.

Basecorp is the first non-bank issuer to complete two securitisations in a calendar year since the GFC.

The Financial Markets Authority (FMA) has cancelled a transitional advice licence for the first time.

Russell Investments pushes all the hot buttons as it looks to the adviser market. 

A switch to a buyers’ market and reduced prices is on the cards later next year as the listings tap is turned on, CoreLogic says.

Aurora Financial, which launched its own KiwiSaver scheme this year, is now looking to grow its mortgage advice business.

Wealthpoint advisers can expect to pocket up to $1 million of extra revenue following changes to the group’s structure.

Cigna New Zealand, which is soon to be rebranded as Chubb, has appointed five new faces to bolster its senior underwriting and business support teams.

Cigna New Zealand has released the first of a series of improvements to help independent financial advisers stay on top of their regulatory obligations.

FNZ has agreed to acquire Appway, the leader in client onboarding and client servicing for financial institutions.

Tower has joined forces with the University of Waikato offering scholarships to future climate change experts by pledging $45,000 over three years to support students taking on a Bachelor of Climate Change degree at the University of Waikato.