Heartland Building Society has achieved its goal and become a registered bank.

Investors in failed investment firm Ross Asset Management (RAM) say the Financial Markets Authority may have a conflict of interest in its on-going investigation into the company.

Auckland Council revives bond issue; UDC profit up 31%; SFO loses in Capital + Merchant judgment

One of the great, enduring, arguments over the years has been around things like "grandfather" clauses and now a "sunset" clause for some Authorised Financial Advisers expires. At the heart of the debate is whether people should get an easy route to a particular destination. Well this week the argument came up again in our on-going series of investigations into David Ross.

New Zealand should adopt a more prescriptive regime for financial advisers including a clear definition of what good advice is, an adviser says.

Authorised Financial Advisers who were exempted from parts of the qualification requirements are unlikely to have to sit them once their eligibility “sunset” expires.

Personal loan provider Avanti Finance has been fined $15,000 for breaching the Reserve Bank Act.

KiwiSaver should be made compulsory and contribution rates should be increased, the scheme’s founder Sir Michael Cullen told a conference yesterday.

Former financial adviser Evan Paul Cherry has been sentenced to six years and two months in jail for defrauding his clients of nearly $5 million.

An ex-AMP adviser involved in a bitter court dispute over his business has slammed AMP for its role in the saga, but his former business partner says he’s the one at fault.

Ross Asset Management investors who were recommended to the firm by professionals who weren’t financial advisers will have a much harder time taking legal action against them.

This week saw more questions emerge about David Ross and the regulations that were supposed to protect consumers from dodgy financial services.

Failed investment firm Ross Asset Management (RAM) has been put into liquidation, with its receivers John Fisk and David Bridgman of PwC appointed as liquidators.

David Ross didn’t have to sit what has been described as the most demanding part of the Authorised Financial Adviser qualification requirements because he is a chartered accountant.

New Zealand’s top stock picks for 2013 operate in different industries but have important things in common, Brook Asset Management chief investment officer Andrew South says.

Traditional financial products aren’t the solution for retirees, who in many cases would be better off managing the decumulation phase themselves, a superannuation expert says.