Bank profits plummeted by 20% in the three months to March, with the early impact of Covid-19 hammering the sector, according to a new report from KPMG. 

Cigna New Zealand (Cigna) has announced the release of new non-medical limits for its Assurance Extra and Business Assurance product suites.

The CIO of a global investment firm, and default KiwiSaver provider has taken over the top investment job at BT Funds.

AIA says it will invest $500,000 into New Zealand communities as part of the AIA Vitality Business and Community Grant Programme which launches on Thursday.

Financial advisers will be among the 150 people ASB recruits to provide guidance and advice to customers as it cuts branch numbers and reduces hours.

New Zealander’s health and wellbeing had surprising benefits from the Covid-19 lockdown.

Trustees Executors has extended its partnership with ASX-listed software provider Bravura, which includes an upgrade to the latest version of Bravura’s Sonata platform.

An Australian parliamentary committee has indicated its support for trail commission, as politicians review the future of adviser remuneration.

PMG Property Funds Management has raised $37.8 mill from investors in its latest Offer in PMG Direct Office Fund.

Westpac has scrapped cash-back offers for borrowers over 80% LVR, as lenders tighten up amid the Covid-19 economic downturn. 

AMP Limited says it has completed the sale of its life insurance business, AMP Life, to Resolution Life for A$3 billion (NZ$3.19 billion).

New Zealand’s financial service providers can expect more scrutiny of their incentive structures over coming years, the Financial Markets Authority’s latest Statement of Intent shows.

S&P Global Ratings has affirmed its A- rating on AMP Life after completion of its sale to Resolution Life Group Holdings Ltd.