Financial advisers have turned back to selling insurance products as demand for investment vehicles remains low in the global economic downturn, according to Fidelity Life's chief executive Milton Jennings.

The Institute of Financial Advisers' new disciplinary bylaws to bring it in line with other professional organisations have been passed by its membership at its council meeting last month.

Financial advisers have turned back to risk insurance products as demand for investment vehicles dwindle in the global economic downturn, according to Fidelity Life's chief executive.

The first recession in a decade has failed to dent demand for risk insurance products as life insurance premiums continued to climb for the year ended in March, according to the Investment Savings and Insurance Association (ISI).

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The government has announced an extra $11.7 million for the Securities Commission over four years to implement a regulatory body for financial advisers, before expecting it to become self-funded through fees and levies.

Tower has entered into a partnership with Aon New Zealand in a bid to better distribute its products aimed at the rural market.

ANZ National Bank’s eight gauges of the property market predict the housing market is “showing signs of life” with a surge in migration lifting demand, although the overall tone is negative as unemployment remains the big uncertainty.

Kiwibank is keeping tightlipped about the term deposit rates on offer in its four-day special beginning today, although has admitted they will be "relatively short-term".

Tower Insurance has filled the gap in its services, and has moved into business insurance with a new policy offered directly to the public.

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Despite the recent rally in global equity markets, stocks are still risky, but shouldn't be ruled out altogether when assessing your portfolio, according to investment manager GAM.

Further details of the planned listing of AIG Life's parent company have been unveiled. As part of the plan it is expected AIG Life in New Zealand will be rebranded back to AIA.

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The Institute of Financial Advisers has welcomed the appointment of Annabel Cotton as commissioner for financial advisers, and is confident next year's regulation deadline can still be met.

The Minister of Commerce, Simon Power, has appointed a Commissioner of Financial Advisers, but it is only an interim appointment.