Major lenders have launched mortgage holidays for borrowers affected by the Covid-19 outbreak, using online application forms to process customer requests.

AML reporting entities will change the way they do business during the Covid-19 lockdown and will be allowed some flexibility, regulators say.

Covid-19 and the resulting lockdown have prompted many advisers to adopt what previously had been seen as best-practice – but optional – ways of working, Iress chief executive Andrew Walsh says.

The country's largest dealer group, NZ Financial Services Group, has canned its awards as it doesn't want the wrath of the regulator.

It’s essential now more than ever to make sure you have the right resources at the right price to get your business practices up to speed.

The outlook for the Asia Pacific regions’ life insurers has been revised to negative by S&P Global Ratings.

It is expected that the new financial advice regime will not begin until March at the earliest.

TSB is the latest bank to slash fixed rates after the Reserve Bank's emergency OCR cut last week, cutting its one year rate to 3.09%

The Australian and New Zealand Institute of Insurance and Finance (ANZIIF) has made the decision to cancel the 2020 Australian and New Zealand Insurance Industry Awards.

Advisers say clients are asking for debt consolidation, moves to interest-only lending, and mortgage holidays, as the Covid-19 financial crisis takes hold. 

HSBC has slashed mortgage rates below 3%, launching a new 18 month and one year loan rate at 2.95%.

The rate of KiwiSaver investors moving between funds has increased by "thousands of per cent", Trustees Executors chief executive Ryan Bessemer says.

Mercer has appointed a new Pacific zone leader and Australian chief executive for its business.