The High Court at Wellington has declined ANZ Bank’s attempt to get a suit from more than 500 investors of failed Ross Asset Management thrown out early.

Steve Wright takes a critical look at the minimum standards of competence, due care, diligence and skill and how it will affect the insurance adviser world.

It will take at least two years for house prices to recover to pre-Covid-19 levels, according to new analysis from Westpac.

Politicians might be keen property investors, but they’re not dabbling in many other investment markets, outside their superannuation schemes, the latest register of pecuniary interests shows.

A former general manager of wealth and insurance at ASB has been appointed the chief executive of Tower Insurance.

Adviser group SiFA has called for the Financial Markets (Conduct of Institutions) Amendment Bill (CoFI)  to be completely rewritten – and warned that, in its current state, it could lead to adviser businesses being turned on their heads “with a stroke of a pen”.

NZ Super Fund chief executive Matt Whineray has joined the move to cut pay during the Covid-19 disruption.

Dealer groups’ position in the New Zealand market should strengthen, rather than weaken, when the new advice regime takes effect, AIA’s chief partnership officer Sam Tremethick says.

China Construction Bank has slashed its one year mortgage rate to just 2.8%, becoming a new record low for the New Zealand market. 

Fidelity Life's Sharecare wellbeing app is offering help to New Zealanders coping with the Covid-19 lockdown.

Westpac NZ suffered a 47% drop in cash earnings in the six months to March, and says Covid-19 will lead to loan impairments of $211 million. 

NZ Funds has appointed a new portfolio manager in its investment team.

Advisers have welcomed the Reserve Bank's decision to end loan-to-value ratio restrictions, but are divided on whether it will change lending behaviour.