A new report by Deloitte has raised questions about suggestions New Zealand insurers are offering high commissions and paying few claims by global standards.

Kiwi households are forking out an average of 32% of their income on their home loans, according to new research from CoreLogic. 

The Financial Services Council (FSC) has launched a Professional Advice Knowledge Hub, a place to find ‘how to’ webinars and information on changes facing professional financial advisers under the new Financial Services Regime (FSLAA).

Financial Advice NZ is one of 200 recipients of funding via the Ministry of Business, Innovation and Employment’s Domestic Events Fund.

Financial advisers are being warned to ensure they have cyber security systems in place, as the sector comes under cyber attack.

Kiwibank saw profits drop by nearly half in the year to June, as Covid-19 impairments and low interest rates took their toll on the state-backed lender.

ANZ has completed the sale of vehicle and asset finance business UDC Finance to Shinsei Bank following Overseas Investment Office (OIO) approval.

Advisers say the second lockdown was easier to navigate than the shutdown in March, with stronger business activity and less disruption than before.

BNZ parent NAB has agreed to sell its MLC Wealth business to IOOF for A$1.44 billion.

Mortgage rates under 2% could be in place for two to three years if the Reserve Bank opts for a negative official cash rate and term lending facility, according to economists.

Mint Asset Management is currently in the process of going live with the digital onboarding and online investment solution, which includes switching clients over to the new and interactive client portal.

Pathfinder Asset Management has become the first fund manager in New Zealand declared a Certified B Corporation.

New Zealand’s funds management industry will be watching the NZX’s website on Monday in the hopes that it is not felled again.