BNZ is sticking to a tight lending policy for mortgage borrowers, despite the Reserve Bank's decision to scrap LVR restrictions.

Australian non-bank Pepper Money provided 600 home loans in its first year in New Zealand, as it targets expansion over the next 12 months. 

You can have meetings with clients again – but don’t expect to shake their hands.

New Zealand’s insurance industry has responded well to the outbreak of Covid-19 and the impact of that on its clients, the Financial Markets Authority’s director of banking and insurance, Clare Bolingford, says.

ANZ has cut its one year special home loan rate to 2.79%, the lowest ever in the New Zealand market.

A strategic alliance between JP Morgan and Craigs Investment Partners should bring New Zealand advisers more access to global research, Craigs' managing director Frank Aldridge says.

Craigs Investment Partners have formed a strategic alliance with one of the best known names in investment banking.

Reserve Bank deputy governor Geoff Bascand has piled pressure on banks to slash mortgage rates as wholesale borrowing costs fall.

Commerce Minister Kris Faafoi has acknowledged concern at how the Conduct of Financial Institutions Bill (CoFI) will interact with the new financial advice regime – but says he thinks the advice regime is the most appropriate way to regulate financial advice and advisers.

“For me, support means more than telling – it involves doing.”

Some advisers might have hit hard financial times due to the Covid-19 outbreak but large numbers are focusing on the future, the Financial Markets Authority (FMA) says.

Financial markets have priced in an increased chance of a negative official cash rate after the Reserve Bank mooted the idea last week.