New Zealand’s KiwiSaver market has probably reached the critical mass required to create opportunities for financial advisers to assist, the Financial Markets Authority’s chief executive says.

Pie Funds has reduced its staff numbers by eight in a restructure designed to readjust the business after 13 years of growth, its chief operating officer says.

Former BNZ Private bankers embark on new journey launching top-end financial advice firm.

SBS Bank has launched a rebranded reverse mortgage product as it looks to tap into a growing home equity release market. 

Southern Cross Travel Insurance is slashing its staff numbers from 90 to 45 people.

AIA is making changes to its commission structure that it says aims to help businesses struggling with cashflow shortfall – and some advisers will qualify for 230% upfront.

AIA says a new home loan benefit launched for ASB customers will enable it to solidify its relationship with the bank.

ANZ has agreed to sell its asset finance business, UDC Finance Limited (UDC), for $762 million to Shinsei Bank, a higher price than that of the blocked 2017 sale to HNA.

ASB has pledged to pay customers' mortgage interest for a year if another borrower on the home loan dies. 

Bank lending policies are changing at their fastest rate since the GFC, with huge variations between major lenders, according to one Auckland adviser. 

Financial Services Complaints Ltd (FSCL) has been dealt another blow in its long-running battle to call itself an ombudsman scheme.

A financial adviser who offers digital advice on KiwiSaver says he’s seen a “huge uptick” in demand for help during the Covid-19 disruption – and those who have received guidance have made it through the market volatility in better shape.

TSB has revived its home loan price-match offer, vowing to offer rates in line with the big-four banks.