Lombard directors convicted; Petricevic and Roest take the stand; ANZ to issue seven-year bonds.

TNP's decision to launch its own professional association was the big news in the advice industry this week, but not everyone is happy about it.

The high divorce rate in New Zealand is a reminder of the need to get life insurance policy ownership right, advisers at a OnePath seminar in Auckland were told yesterday.

The Professional Advisers Association has backed the call for a government subsidy for financial advice on KiwiSaver, saying it would increase the number of KiwiSaver members and AFAs.

The Institute of Financial Advisers has raised concerns about TNP offering new designations for advisers, saying the move could cause confusion for consumers.

New directors for PGC; Petricevic to take the stand; last two South Canterbury defendants named.

This week saw two major industry bodies merge and two others part ways. 

New research showing most of the 1.9 million KiwiSaver members haven't used financial advice has sparked a renewed call for the government to step in.

KiwiSaver investors are more likely to use family and friends than financial advisers as their main source of advice, a new study has found.

Investors have lapped up the first bond issue by the new Local Government Funding Agency, placing more than $1 billion of bids for the $300 million offer.

Some advisers may need to do a lot more than just 20 hours of professional development each year to meet their obligations, industry training body ETITO says.

Financial advisers will soon be forced to rat their American clients out to the IRS, but New Zealand's privacy laws will have to change first.

SCF case back in court; deposit growth to continue

The death of Infratil founder Lloyd Morrison this week is a big loss not just for the business and financial community but for the whole of New Zealand.

Advisers beware - most investors don't understand risk and greatly overestimate how much risk they are willing to tolerate, a researcher says.

The government's Financial Dispute Resolution (FDR) scheme is under fire, with critics saying it shouldn't be subsidised to compete against private operators.