Investors’ optimistic view of the New Zealand sharemarket is likely to continue in the wake of yesterday’s Budget announcements, according to Milford Asset Management Senior Analyst Frances Sweetman.

This week has really hammered home how big the economic impact of the Covid 19 pandemic will have on New Zealand.

Cigna will double service commission payments to financial advisers through June and July.

This year’s Budget will provide a boost for struggling financial advisers, Financial Advice New Zealand says – and should shore up confidence in the sector with funding for the Financial Markets Authority.

Advisers have welcomed the extension of the Government's Covid-19 wage subsidy scheme, and say the additional payments will help those hit hardest by the lockdown. 

A record number of people using the Sorted website should translate into more demand for financial advice, its managing editor says.

Financial Advice New Zealand has seen its numbers grow since coronavirus hit.

Economists say the Reserve Bank has left the door open to lower or negative rates, as it kept the official cash rate on hold.

The Reserve Bank has kept the Official Cash Rate on hold at its record low of 0.25%. Here's what the RBNZ said:

In the coming months, all parts of the country are likely to feel some degree of property pain, but CoreLogic’s Kelvin Davidson* has taken a look at which areas might be hardest hit.

Financial services provider Finzo has enhanced its support service offering to financial advice firms.