The public listing of as many as three state-owned enterprises this year is unlikely to bring in a rush of new business and inquiries to financial advisers, people in the industry say.

Morningstar Fund Manager of the Year Milford Asset Management says it doesn’t want to be a “one hit wonder”.

Home loan borrowers may start to fall behind on their mortgages when interest rates start to rise, a banking expert warns.

Financial planners are likely to see an increase in competition from banks, according to a banking expert.

Despite a sluggish economy New Zealand’s financial institutions have increased their profits and improved their balance sheets, with banks leading the charge.

KiwiSaver provider Fidelity Life has teamed up with giant global investment manager Dimensional to launch two new funds.

The collapse of Ross Asset Management will feed into the debate over whether wealthy clients require less protection than other investors, a financial services consultant says.

The embattled LM First Income Mortgage Fund has signalled its first payout to investors next month after ditching a proposed “liquidity mechanism” and fund split.
 

Allied Farmers has been hit with a second statutory demand in the space of a fortnight, this time by the Commissioner of Inland Revenue for $3.7 million.

Financial advice becoming a profession doesn’t mean having only one professional body, the head of the New Zealand Financial Advisers Association (NZFAA) says.

As the AXA brand heads towards its retirement, the group that was formerly the AXA Advisers Association is about to unveil a number of business partnerships with product providers.

One of the stories that generated a debate among Good Returns readers was about a survey showing support for requiring registered financial advisers (RFAs) to be qualified.

AMP has announced plans to transfer its AXA KiwiSaver customers to the AMP KiwiSaver Scheme as it moves toward having a single scheme.

Creating separate categories and qualification requirements for Authorised Financial Advisers depending on their specialisation would be a backward step, industry representatives say.

Bank of New Zealand parent National Australia Bank (NAB) has opted to call nearly $450 million of BNZ Income Securities perpetual shares.

Increases in the complexity of the financial landscape could help New Zealand advisers, says Plan B Wealth Management’s new owner, IOOF Holdings.