Adviser group SiFA has called for the Financial Markets (Conduct of Institutions) Amendment Bill (CoFI)  to be completely rewritten – and warned that, in its current state, it could lead to adviser businesses being turned on their heads “with a stroke of a pen”.

NZ Super Fund chief executive Matt Whineray has joined the move to cut pay during the Covid-19 disruption.

Dealer groups’ position in the New Zealand market should strengthen, rather than weaken, when the new advice regime takes effect, AIA’s chief partnership officer Sam Tremethick says.

China Construction Bank has slashed its one year mortgage rate to just 2.8%, becoming a new record low for the New Zealand market. 

Fidelity Life's Sharecare wellbeing app is offering help to New Zealanders coping with the Covid-19 lockdown.

Westpac NZ suffered a 47% drop in cash earnings in the six months to March, and says Covid-19 will lead to loan impairments of $211 million. 

NZ Funds has appointed a new portfolio manager in its investment team.

Advisers have welcomed the Reserve Bank's decision to end loan-to-value ratio restrictions, but are divided on whether it will change lending behaviour.

The Financial Markets Authority has written to the Financial Services Council, Insurance Council and Health Funds Association, reminding them of an expectation about how they will treat their customers during the Covid-19 outbreak.

NZ Funds has opted not to submit information to Morningstar’s fund database, driven by concerns about a lack of ability to compare life stages funds appropriately.

COVID-19 is set to be with us for many months ahead, so the Insurance Council of New Zealand has answered some commonly asked questions for landlords…

Mortgage advisers continue to account for a growing share of home loans originated by the country's biggest bank, ANZ.

Covid-19 is pushing many advisers to use technology which should help their business in the long term, Asteron Life’s executive manager of life distribution says.