Accountancy trade bodies have hit out at the Government's plans to restrict the deductibility of mortgage interest for investors, claiming the reforms will lead to unintended consequences and unnecessary complexity.

The Council of Financial Regulators (CoFR) – Kaunihera Kaiwhakarite Ahumoni – has created a new website.

Insurance customers in the Canterbury region lodged 3,538 claims costing over $43.8 million in losses following the May 29 - June 1 floods according to provisional figures released by the Insurance Council of New Zealand (ICNZ).

Clients have raised concerns with advisers about the rising interest rate environment, with home loan rates expected to increase further over the rest of the year.

ASB, like AMP, has signed up with the world's largest investment firm to manage its KiwiSaver and other managed funds.

Harbour Asset Management has made two new hires to support its growth.

Kiwibank economists have joined their peers in calling for an official cash rate increase next month as the economy displays signs of overheating. 

Despite a global pandemic, Mint Asset Management has had a number year, its latest accounts show.

Mortgaged investors’ share of property purchases has fallen over the past three months.

The loan-to-value (LVR) restrictions reintroduced by the Reserve Bank are having a far greater effect on Auckland house prices than anywhere else in New Zealand.