The Financial Markets Authority have signalled their dissapointment in the Life Insurance industry, and their work on covid and Kiwisaver as highlights in their annual report for the year to June 2020.

The 40% deposit requirements imposed by ANZ Bank – and possibly the RBNZ next year – are unlikely to slow the Auckland market to a halt, argues economist Tony Alexander. 

Kiwi software provider Trail CRM has launched plans to start its own mortgage adviser aggregator group, TMM Online can reveal. [Updated with correct fee structure]. 

Partners Life has achieved its biggest milestone since the business started nine years ago - the acquisition of BNZ Life.

Focusing on growth in the adviser market, Cigna New Zealand has announced its expansion across the country with several key appointments.

Non-bank lenders are on course to grow market share in mortgage and business lending, according to KPMG head of banking John Kensington. 

Advisers have responded to ANZ's move to raise deposit requirements for investors. Here's what the industry said: 

MMC today announced their plans to launch a new service offering, MMC Digital & Insights.

ANZ New Zealand has lifted its deposit requirement for residential property investors to 40%, marking a major change in the lending market.

Economists at Kiwibank say DTIs and LVR restrictions will have a "near-term" impact on housing demand, but argue supply-side changes are the key to fixing the housing crisis. 

Mortgage Express has appointed Michael Chen as a mortgage adviser in Hamilton.