While the deal is pitched as a "professional development partnership" this is really a good, old-fashioned sponsorship arrangement: the IFA needs money; NZ Funds needs financial advisers to feed it clients.

What happens to New Zealander when AMP buys up the local assets of AXA?

Former finance company boss Rod Petricevic was yesterday denied taxpayer legal aid, but his fraud case has been postponed to give his lawyer time to decide whether to appeal.

In the first mortgage rate cut of 2011, Kiwibank has dropped its one-year mortgage rate to 6.15 per cent from 6.45 per cent per annum.

To his clients, Terry Freeman had all the trappings of a multimillionaire City of London trader.

Property values continued to fall during December, but the rate of decline has slowed, indicating that values are beginning to stabilise.

The surest way to profit from takeover speculation in the stock market is to bet it's wrong.