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.

Tourism has been one of the industries hardest-hit by the Covid-19 crisis, so Miriam Bell looks into what that means for the regional property markets that are reliant on it.

Advisers have called on banks to lower servicing test rates as home loans plummet to record lows.

All KiwiSaver providers should be required to have a roboadvice offering, kōura founder Rupert Carlyon says.

Life insurer Fidelity Life has announced the resignation of chief executive Nadine Tereora.

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.