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.

Covid-19 and the closure of Tiwai Point might pose some challenges for Invercargill but the southern city’s market still has a lot to offer investors, writes Miriam Bell

New Zealand’s financial services sector raised concerns about disclosure regulations resulting in a larger volume of repetitive disclosure that could be difficult for clients to digest, submissions show.

Non-bank Resimac has reduced its prime home loan servicing testing rates to boost its customer base in New Zealand.