Mortgage borrowing rose by roughly $1.6 billion in May as the property market showed signs of recovery from the Covid-19 lockdown.

The Government has set new disclosure requirements to ensure that consumers seeking financial advice can make more informed decisions, and said the new financial advice regime will begin on March 15.

A period of uncertainty is the perfect opportunity for financial advisers to show their value, the Financial Markets Authority’s chief executive says – particularly as many New Zealanders seem to be taking much more of an interest in their finances and investing.

Economists say the Reserve Bank views its LSAP programme as the best way of pushing down interest rates, despite talk of a negative OCR in recent months. 

The Reserve Bank has kept the official cash rate on hold. Here's what the RBNZ said:

Financial Advice New Zealand has revealed its plans for its quality service mark, called “trusted adviser”.

National Capital, a financial advice firm providing digital KiwiSaver advice, has announced the appointment of a head of advice logic.

Non-bank lender Resimac has slashed rates across its range of specialist home loans, while also cutting its servicing rate. 

AMP says the sale of AMP Life to Resolution Life has received all regulatory approvals, however the Reserve Bank has added a number of conditions on the sale.

The FMA's plans for full licensing under FSLAA have drawn a mixed response from mortgage advisers, with fears of rising compliance costs in the industry.

NZ Funds has appointed a highly experienced adviser as the latest to join its Auckland private wealth team.

Advisers are getting a few years off submitting their annual returns – but that doesn’t mean all their regulatory obligations are on hold.