St Laurence Group makes a competing bid for control of the company which manages the NZ Rural Property Trust.

Tower chief executive of investment business Paul Bevin has hit back at criticism of financial advisers by former economist and adviser Gareth Morgan.

Some savings products may get favourable tax treatment as one of the outcomes of the government’s working party into workplace based superannuation

The government’s moves against the Australian Unit Trust tax “loophole” have been confirmed.

Warnings three years ago that the law concerning powers of attorney needed to be changed appear to have gone unheeded.

The quality of New Zealand's financial sector regulation has received a qualified tick from the International Monetary Fund - but it wants a tougher regime, including criminal penalties for financial advisers who breach the law.

New Zealand should hang on to its system of not providing any incentives for savings, according to visiting academic Adrian Sinfield

Any plans to regulate, or control, financial advisers appears to have moved further back on the government's agenda.

Investments in term deposits have held up despite the return to form by sharemarkets over the past year.

After a year of “out-sized returns” the markets are returning to a more moderate level, AMP Capital Investors chief investment officer Tore Hayward says.

A bill currently going through Parliament goes too far for some in the financial services industry.

Financial Planners and Insurance Advisers Association chief executive Phillip Matthews has bitten back at further criticisms from high-profile adviser and economist Gareth Morgan.

The IRD has backtracked on previous indications that the proposed AUT solution would be narrow and designed to deal only with the “mischief” of New Zealanders investing tax free into NZ government stock.

One of the financial planning industry’s most trenchant critics, former economist and investment banker Gareth Morgan, has joined the ranks of the sector.

Changes to the law allowing fund managers to go to court to validate “voided allotments” went through Parliament under urgency last week.

The government’s own superannuation provider has quit the state sector superannuation scheme, citing "cumulative effect of a series of changes in the design and implementation".