The former head of a now large dealer group in New Zealand has taken on the chief sales and service officer role at Fidelity Life.

The Harbour Investment Outlook summarises recent market developments, what we are monitoring closely and our key views on the outlook for fixed income and equity markets.

Borrowers could be better off fixing low-cost short term mortgages and rolling them over a five year horizon, despite expectations of rising interest rates, according to ASB.

AMP has agreed to sell AMP Capital to Macquarie Asset Management.

In a first for the regulator the Financial Markets Authority has cancelled a fund manager's licence.

Westpac and ANZ economists have become the latest to predict an increase in the official cash rate in November, as strong economic data prompts forecasters to change their tone.

Westpac New Zealand chair Jan Dawson will retire on October 1, to be replaced by director Pip Greenwood. 

ASB economists predict the official cash rate will begin to rise from November, as the economy runs hot and inflationary pressures grow. 

BNZ and Westpac have no plans to introduce cheap variable rate loans for new builds, despite their big four rivals launching aggressive offers in recent weeks.