Takeovers Panel convenes a meeting to inquire into whether Canadian billionaire complied with the Code.
A fund manager has launched a scathing attack on the draft Code of Professional Conduct for Authorised Financial Advisers, warning that it could stifle free speech if left unchanged.The National Business Review reported last week that the Institute of Fin
David Colvin has been appointed to the newly created position of chief executive of Auckland-based company New Zealand Mint.He was most recently chief executive of ASX-listed technology services company ConnXion Limited based in Sydney and before that he
Effective engagement on regulatory change is vital to the ongoing success of the KiwiSaver scheme, according to industry group Workplace Savings NZ.Commerce Minister Simon Power last week announced changes that will ensure fund managers and trustees of re
Suncorp-owned insurance company Asteron Life has announced it will withdraw from KiwiSaver to focus on its core business and it expects more KiwiSaver exits will follow.Asteron, which has about $33 million of funds under management across 6200 KiwiSaver c
Financial advisers will be given extra time to fully comply with the new regulatory regime, Commerce Minister Simon Power announced tonight.He made the announcement at the Institute of Financial Professionals New Zealand (Infinz) annual awards in Au
Commerce Minister Simon Power has tonight announced changes to KiwiSaver regulation that he says will improve the governance and management of KiwiSaver schemes.The changes, announced at the Institute of Financial Professionals New Zealand(Infinz) a
ING pulled in more money to its KiwiSaver funds than any other manager in the March quarter but its other funds weren't so popular, according to FundSource data.KiwiSaver successING, which includes ANZ and National Bank KiwiSaver funds, experienced a net
Retail funds under management in New Zealand have exceeded $20 billion thanks to strong inflows into KiwiSaver and Cash PIE funds, new FundSource data shows.The FundSource Marketshare Report for the March quarter revealed that KiwiSaver funds sucked in ha
Clear evidence of the gap between economic projections and commercial reality faced by businesses was outlined in stark form by AMP Capital.The country's largest fund manager this afternoon released its latest quarterly results and they reflect the sizabl