Westpac and BNZ are the latest big banks to make significant mortgage rate increases, hiking prices by up to 30 basis points.

Nationally rents remained at an all-time weekly high of $550 in August despite the country entering a nationwide lockdown.

The office is no longer a place to be anchored at a desk whilst trying to block out the background buzz to meet deadlines.

Clients making mortgage deferral requests during lockdown have been told their hardship status will affect their credit rating, according to an Auckland-based adviser.

Southern Cross Health Society Group has posted a surplus of more than $50 million while also growing its membership numbers by more than 8500 and paying out more than $1 billion dollars in claims.

The Financial Services Council (FSC) conference - ReGenerations Reimagined - which was to be held on September 22 and 23 has been postponed until December with some content going online in October and November.

ASB has hiked mortgage rates by up to 30 basis points this morning, a significant move likely to trigger further market increases. ANZ has also raised pricing on a range of fixed terms.

The Financial Markets Authority (FMA) is warning New Zealanders to be on the lookout for three unique types of scams that have been on the rise since the start of the Covid-19 pandemic.

Non-bank lender Prospa has raised $200 million for SME lending on both sides of the Tasman as it capitalises on major banks retrenching from the market.

First Mortgage Trust has promoted an associate business development manager to the role of BDM.

Mortgage rates have hit their low point in this cycle and the next move is up despite the latest Covid outbreak, say ASB economists.