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.

Landlords could be using short term booking sites like Airbnb in an attempt to contract out of the Residential Tenancies Act, but by doing so they are exposing themselves to substantial risk and possible rent refunds, writes property management consultant David Faulkner.

Former Fidelity Life chief executive Nadine Tereora has taken on a new role with a competitor.

Mortgage rates could fall below 2% as the government and Reserve Bank move to push down borrowing costs, according to a leading fund manager.

An AMP Life policyholder says the sale to Resolution Life should be stopped if regulation cannot be changed to provide more protection for its customers.

Partners Life managing director Naomi Ballantyne says she expects every adviser who deals with Partners Life and has their own transitional FAP licence will sign up to the new FAPO scheme.

Mortgage advisers are concerned about tightening lending criteria and tough servicing tests, despite the record-low interest rate environment, according to a new survey. 

Using apartments for short-term rentals or for foreign students has been a popular option for investors but, in the wake of Covid-19, what will happen to apartment markets around New Zealand? Miriam Bell investigates.