People who have their New Zealand Superannuation payments reduced by their partner’s foreign pension now face a longer wait to get the pension.

Investors could be forgiven for finding the market returns of the June quarter hard to believe, actuaries MJW say.

Tough servicing tests continue to hinder the home loan market, leaving borrowers unable to tap into attractive headline interest rates.

Wellington-based RealAML is launching the first locally-built facial recognition tool for New Zealand businesses to identify their clients.

National’s finance spokesman Paul Goldsmith says the party would put contributions to the New Zealand Super Fund on hold for the next four years if it were to form the next government.

ASB Bank will no longer charge high LVR borrowers a higher interest rate, promising to offer the same price "irrespective of equity levels".

Superannuation funds and KiwiSaver providers are expected to be among the outperformers as the economy recovers from Covid-19, a new report suggests.

Heartland says its 2.89% digital mortgage product was a hit with borrowers, and could the relaunch online offering when the lending market settles down.

Insurer Cigna has hired a new chief risk officer.

The NZX-owned Smartshares business has rolled out a suite of ETFs which will give investors a core portfolio with management fees of 27 and a half basis points overall.

General Capital, the parent of non-bank lender General Finance, saw profits fall below expectations in the year to March, despite a 254% increase in net profit for its lending arm.