Next week there will no doubt be a lot of focus on what the Reserve Bank says at its official cash rate and monetary policy statement announcement. The firm view is that the OCR will come down and that banks will not pass on all the decrease in their floating rates. The reason for that is simply that they are under cost pressures across their businesses and this is a simple way to claw back some savings.

While there will be lots of gnashing of teeth and headlines to match the reality is it only impacts a small section of their customers as the large majority of home loans are on fixed rate terms. These people will lose out.

What is more interesting at the moment is that pricing on property investment loans is changing. In today's story and video, RESIMAC general manager Adrienne Church talks about the changes and believes other lenders will follow suit. (You can watch the video here)

Last week was a biggie for advisers with the National Advisers Conference in Auckland, and a decision to create Financial Advice New Zealand - a combined entity made up by the Professional Advisers Association and Institute of Financial Advisers. I think it is a good decision, but there is a lot of water to go under the bridge about what it should look like and what it will do. 

Congratulations to the award winners at conference. This includes ASB, Avanti Finance, Ajay Kumar and Jeff Elias. Jeff won the young adviser of the year award and you can find out more about him in this video. Watch it here

The conference had a good feel to it, but seemed a little light on mortgage advisers.

My question for you today is this: If you went to conference what did you think of it? If you didn't go, why and what would you like to see in a mortgage adviser conference?

Please send your thoughts to philip@tmmonline.nz