BNZ parent NAB has agreed to sell its MLC Wealth business to IOOF for A$1.44 billion.

Mortgage rates under 2% could be in place for two to three years if the Reserve Bank opts for a negative official cash rate and term lending facility, according to economists.

Mint Asset Management is currently in the process of going live with the digital onboarding and online investment solution, which includes switching clients over to the new and interactive client portal.

Pathfinder Asset Management has become the first fund manager in New Zealand declared a Certified B Corporation.

New Zealand’s funds management industry will be watching the NZX’s website on Monday in the hopes that it is not felled again.

Covid-19 and the closure of Tiwai Point might pose some challenges for Invercargill but the southern city’s market still has a lot to offer investors, writes Miriam Bell

New Zealand’s financial services sector raised concerns about disclosure regulations resulting in a larger volume of repetitive disclosure that could be difficult for clients to digest, submissions show.

Non-bank Resimac has reduced its prime home loan servicing testing rates to boost its customer base in New Zealand.

The Financial Markets Authority has turned to a local funds management firm to find its director of investment management.

Almost 1,000 licences for financial advice providers have been issued, but there may still be some advisers who do not fully understand the requirement ahead of them, it has been suggested.

Home lending soared to $6.5 billion in July during New Zealand's Covid-free period, reaching its highest level since November last year.

Home loan rates will plummet to 2% in the next year, with low rates set to push up house prices, according to ASB.