A Whangarei engineer who took legal action against his financial adviser over a failed Bridgecorp investment says he’s surprised more investors haven’t taken the same approach.

A $1.1 million related-party loan will be repaid and investors in the Gloucester property syndicate won't lose out, syndicate manager SPI Capital says.

Works Finance to repay bonds; Transpower to sell $300m bonds; Local government bonds popular.

Kiwibank's purchase of Gareth Morgan Investments will cost it as much as $58 million, new financial accounts have revealed.

We end the week with news about how much Gareth Morgan pocketed for his KiwiSaver business.

All financial advisers should prepare themselves for a possible visit from the Financial Markets Authority in the near future, the Professional Advisers Association says.

Investors in one of SPI Capital’s property syndicates are being called on to vote against winding it up until a $1.1m unauthorised loan – and the bill for the manager’s apology – has been repaid.

The Serious Fraud Office will seek to appeal not guilty verdicts against two directors of failed finance company Capital + Merchant Finance, on the basis of what it calls “important points of law”.

Working with employers to provide workplace financial advice could be lucrative for advisers but they shouldn't expect to make money out of it straight away, experts say.

Advisers have been urged to “vote with their feet” if they don’t think continuing professional development (CPD) courses are up to scratch.

Commerce Minister Craig Foss is surprised by the lack of products aimed at helping KiwiSavers manage their funds once they turn 65, but he says the government isn't planning to intervene at this stage.

What an interesting week it has been with more on the latest court case against an adviser who was ruled to have breached the rules - and consequently been whacked. Then today we are told that the Government has probably flunked the standards too.

The government would probably fall short of the mark if it were held to the same standards it has imposed on financial advisers, a savings expert says.

Proposed changes to the tax treatment of pension transfers into New Zealand are necessary to clear up "confusion" but will have a number of teething problems, tax experts say.

The continued rise of KiwiSaver has failed to prevent an unexpected drop in retirement savings confidence, but commentators say it is too early to tell whether the result is a temporary blip.

Government regulations are making some advisers reluctant to carry out personalised advice on a pro bono basis, Institute of Financial Advisers president Nigel Tate says.