The Reserve Bank has kept the official cash rate on hold. Here's what the RBNZ said:

Financial Advice New Zealand has revealed its plans for its quality service mark, called “trusted adviser”.

National Capital, a financial advice firm providing digital KiwiSaver advice, has announced the appointment of a head of advice logic.

Non-bank lender Resimac has slashed rates across its range of specialist home loans, while also cutting its servicing rate. 

AMP says the sale of AMP Life to Resolution Life has received all regulatory approvals, however the Reserve Bank has added a number of conditions on the sale.

The FMA's plans for full licensing under FSLAA have drawn a mixed response from mortgage advisers, with fears of rising compliance costs in the industry.

NZ Funds has appointed a highly experienced adviser as the latest to join its Auckland private wealth team.

Advisers are getting a few years off submitting their annual returns – but that doesn’t mean all their regulatory obligations are on hold.

Economists expect the Official Cash Rate to remain on hold this week, but say the Reserve Bank could talk about negative rates in 2021.

Maple-Brown Abbott Global Listed Infrastructure has expanded the team with the creation of two new roles.

Mike Pero Mortgages has announced a raft of new hires and changes to franchise ownerships.

Financial advisers are keen to engage with full licensing proposals – and have been able to prove their worth during the country’s response to Covid-19, the Financial Markets Authority says.

Select Wealth has created a new role to grow the business.