The former FundSource fund research business has a new owner.

Devon Funds Management created a new role, head of retail, and appointed a high profile commentator to fill the position.

The national average asking price for a house gently cooled month-on-month in September by -2.85%, bowing to $865,348, the latest realestate.co.nz data shows.

Mortgage interest rates could be pushing 4% by the end of next year – on one and two year rates – and 4.5% into 2023, says CoreLogic.

Monetary stimulus further reduced - Official Cash rate raised to 0.50%

Tower has partnered with Dutch AI-based solution FRISS to automate and accelerate its claims process and help detect genuine and suspicious claims in real-time.

There are still several areas of New Zealand where paying a mortgage is cheaper than renting, but a lot fewer than a year ago.

Fund manager Fisher Funds has bought Aon New Zealand’s KiwiSaver business, adding a billion dollars to its funds under management, although the price isn't being disclosed.

Christchurch-based financial services specialist Consilium has appointed its first chief operating officer.

The Reserve Bank of New Zealand has postponed the implementation date of the interim Solvency Standard for insurers by a year.

Although the Government has outlined details of the new legislation regarding the phasing out of property investors’ interest deductions, the new bill also has other effects for property investors.