The Financial Markets Authority (FMA) has issued a formal warning to an AFA who made recommendations to clients that they urgently move their investments to low risk funds in the wake of Covid-19.

Here is some weekend reading for you; the latest issue of ASSET Magazine. Find out what's inside it here.

KiwiSaver provider Simplicity has launched a 2.5% floating rate mortgage for first home buyers, becoming the cheapest home loan in New Zealand.

The Reserve Bank came out swinging at life insurers in its latest Financial Stability Report, warning that they faced insolvency challenges as low interest rates, minimal growth in premiums and higher rates of cancellation combined.

Partners Life is relaxing some of the underwriting restrictions introduced as the Covid-19 pandemic hit, to ensure that new clients who don’t pose a risk aren’t deterred from taking cover.

The Financial Markets Authority says KiwiSaver providers have been making efforts to advise worried investors during recent market disruption.

Reserve Bank governor Adrian Orr believes banks have "room to go" to push home loan rates below current record lows.

Former BNZ executive joins Partners Life board.

Loan losses will rise "materially" in the coming months and households could struggle to service deferred mortgages, the Reserve Bank has warned.

Advisers may need to find a way to work collectively to help New Zealanders through the Covid-19 disruption, Retirement Commissioner Jane Wrightson says.

Mortgage lending fell to its lowest level on record last month as the property market ground to a halt during the Covid-19 lockdown.

The following are relevant disclaimers relating to content in the May 2020 issue of ASSET Magazine.

Non-bank lender Resimac has eased its credit criteria for investors as it seeks to build market share in New Zealand.