Aussie non-bank Metrics Credit Partners has entered the New Zealand market, making a series of senior hires to its leadership and lending team. 

AMP Life’s profit has halved in the 12 months to December 31.

ASB economists predict the next OCR tightening cycle will start in early 2022, with interest rates on hold throughout this year and next year.

AIA says its new adviser support programme is designed to provide simple, practical and effective support to advisers. The programme gives advisers access to a wide range of services as well as discounts from a range of business partners.

Fisher Funds chief executive Bruce McLachlan says new regulation is creating an environment in which it is easier for product providers, such as fund managers, to have their advisers in-house.

National MPs have questioned the need for a bill that brings in new conduct requirements for insurers, banks and non-bank deposit takers.

Squirrel has opened up its mortgage lending book to peer-to-peer funders, providing access to retail investors as Harmoney pulls out of the P2P market.

AMP says plans to sell its New Zealand wealth management business are well under way and that it is in discussions with an unspecified "number" of parties.

Beau Bertoli, joint CEO of non-bank business lender Prospa, sat down with TMM Online to discuss SME business opportunities for advisers, and lessons from the firm's first year in New Zealand. 

Investors are still being rewarded for taking risk – but there may not be another year like 2019 for some time, Morningstar’s director of manager research for Asia-Pacific Tim Murphy says.

KiwiSaver provider Generate says its members' personal data has been accessed by unauthorised third-parties.