Non-bank Resimac has slashed prime rates to new lows as it pushes to take business from traditional lenders.

New Zealand insurers’ risks have remained stable through 2020 and the sector has mostly been unscathed by the Covid-19 pandemic, S&P Global Ratings says.

ANZ has become the latest bank to ease its servicing test criteria for borrowers, reflecting the lower interest rate environment.

Industry participants will pay 83% of the cost of funding the Financial Markets Authority by 2022, documents released by the Ministry of Business, Innovation and Employment show.

Franklin Templeton has completed its purchase of fellow fund manager Legg Mason.

More people over the pension age are choosing to keep their KiwiSaver funds active, AMP Wealth Management says.

The Financial Markets Authority says regulatory activities will restart in a “phased approach” as New Zealand continues to respond to the disruption caused by Covid-19.

One way to undermine KiwiSaver is to keep tinkering with it and make changes. And that is exactly what National leader Judith Collins is promoting.

Harbour Asset Management managing director Andrew Bascand explains the firms approach to investing in this volatile, Covid-19 dominated environment.

Former financial adviser Barry Kloogh has been sentenced to eight years and 10 months in prison.

AMP is flagging its profit may drop by more than 50% in the first half of this financial year.

Joanna Jefferies takes a look at the top 12 locations for property price growth and gains across New Zealand since 2003 and discovers previously unknown property hotspots.

Non-bank lenders have reported a flood of new customers turned away by the banks in the wake of the Covid-19 pandemic, as traditional lenders stick to conservative credit limits.