New Zealand
New Zealand changes financial advice licensing rules
As part of the regulatory shake-up, three adviser types have been removed from the sector
NAB sells its New Zealand life insurance business
As part of the deal, the bank enters into a 10-year agreement to refer its customers to the company
Westpac to sell New Zealand wealth advisory business
But bank says it will still serve customers with large investment portfolios for their lending needs
Covid-19 scuppers sale of AMP wealth arm in New Zealand
M&A plans taken off the table as it looks to implement growth strategy
Financial adviser pleads guilty to multi-million fraud
‘Many victims lost their retirement savings and are not in a position to recover financially’