Mortgage advisers are preparing to run their businesses under lockdown once again as Auckland goes into alert level three at midday. 

ASB Bank profits dropped by 20% in the year to June as the effects of the Covid-19 pandemic took hold.

Gold has soared through a record price this month and there are predictions it could go even higher over the next year as the effect of Covid-19 is felt around the world.

Adviser group Loan Market has drafted more than a dozen new advisers to build its growing presence across the country.

New data shows that New Zealanders with financial advisers are better off and more confident in their financial lives.

Economists say the Reserve Bank will keep the official cash rate on hold next week, but believe it could expand its quantitative easing programme to push down interest rates.

A new report on KiwiSaver funds shows the large majority of funds have failed to beat their benchmarks.

Financial advisers have been granted some leniency under the new Financial Markets (Conduct of Institutions) Amendment Bill.

MMC have appointed a chief financial officer to join its executive leadership team.

The FMA has partnered with Financial Advice NZ to make free and generic financial advice available in Hamilton, as New Zealanders take a greater interest in their finances and investments due to the impact of Covid-19.

Fidelity Life has added a new independent director.

Kiwibank economists believe the housing market will only fall by 6% due to Covid-19, revising down their prediction amid signs of "strong resistance". 

Advisers who have registered for a financial advice provider service on the Financial Services Provider Register but who have not yet finished their application for a transitional licence are being reminded to keep moving.