Advisers say clients are asking for debt consolidation, moves to interest-only lending, and mortgage holidays, as the Covid-19 financial crisis takes hold. 

HSBC has slashed mortgage rates below 3%, launching a new 18 month and one year loan rate at 2.95%.

The rate of KiwiSaver investors moving between funds has increased by "thousands of per cent", Trustees Executors chief executive Ryan Bessemer says.

Mercer has appointed a new Pacific zone leader and Australian chief executive for its business.

ASB is the latest bank to slash fixed rates, matching ANZ's one year price of 3.05%.

Advice businesses will feel the impact of the coronavirus-induced downturn to different extents depending on the age and stage of their business, Financial Advice New Zealand chief executive Katrina Shanks says.

NZ Financial Services Group is inviting all its members to join its FAP and has released pricing to the market.

Partners Life is making significant changes to enable it to be open for new business.

Borrowers affected by the coronavirus crisis will be offered a six-month mortgage holiday under new proposals drawn up by the Government.

A decision by Parliament’s Finance and Expenditure Committee to extend the time for submissions on the Financial Markets (Conduct of Institutions) Amendment Bill is a very sensible one, says Financial Advice NZ.

Commerce Minister Kris Faafoi is pushing back the start of the adviser licensing regime.

Covid-19's major impact on New Zealand's economy means job losses and that has implications for landlords. Veteran investor Debbie Van Den Broek offers some suggestions on how landlords can weather the storm.

Cigna is joining Fidelity Life and Partners Life in putting a hold on new sales of redundancy cover.