Financial advisers need to make some big changes to the way they operate if they want their businesses to survive and thrive in the next few years, a financial services veteran says.

A woman, described as the brains behind an alleged $15 million fraud scheme, has begun her trial in the Auckland District Court.

The Financial Services Council has rejected New Zealand First leader Winston Peters’ claim that it is part of an “orchestrated campaign” to attack New Zealand Superannuation and promote private superannuation interests.

Perpetual to wind up one fund, ‘internalise’ another; Nuplex to redeem capital notes; Dorchester warns of low-ball offer

The AAA Advisers Association (AAA) has resolved a dispute with AMP over adviser contracts, but the finer details of the agreement have yet to be revealed.

Former Hanover managing director Mark Hotchin has put the heat on the FMA this week; also, the IFA has laid out its future while a stand-off between AMP and former AXA advisers neared a conclusion.

Receivers have been appointed to Doug Somers-Edgar's finance company Orange Finance after a threee-year moratorium failed to turn the company's fortunes around.

Former Hanover boss Mark Hotchin has strongly criticised the Financial Markets Authority over its civil proceedings against him and the other former directors of the finance company.

The government’s new anti-money laundering regulations are a “bureaucratic impost” on advisers that will probably do little to deter the criminals being targeted, a financial adviser says.

Trans-Tasman recognition has made moving to Australia a more attractive prospect for some young advisers.

Getting yourself offside of the IRD is rarely a pleasant experience, and this week featured serval stirues involving people in the financial sector who have done that.

Advisers have been caught on the hop by the Inland Revenue’s new stance on pension transfers, which could leave some of their clients facing six-figure tax bills.

Sovereign hasn’t decided whether to appeal a court ruling that has left with a tax bill of $47.5 million after losing a High Court dispute with the Inland Revenue over the tax treatment of reinsurance deals.

KiwiSaver growth funds have had another tough quarter, but the long-term struggles of growth funds seem to have had little impact on investors' overall returns so far.

Prohibitive costs make providing advice on the upcoming SOE floats unaffordable and will result in many investors going without any advice, financial advisers say.

The Torchlight Fund has fully repaid a $28 million related-party loan by Perpetual at the centre of an investigation by the Financial Markets Authority.