Newpark Financial Services has hit out at the ongoing confusion around the new regulatory regime, and has warned the new environment could heap too much liability onto adviser groups.

Veteran economist Tony Alexander has resigned from BNZ Bank after more than 26 years.

Financial advisers have a significant role to play in helping New Zealanders overcome money stress, the Commission for Financial Capability (CFFC) says.

Kiwi Wealth has launched a new range of managed funds that it says will allow more New Zealand investors another way to access an actively managed portfolio.

Two former AMP executives join specialist and travel insurance provider Allianz Partners.

Government moves to introduce conduct licensing for insurers are being welcomed as proof it's taking a sensible approach to reform.

MySolutions Group has decided not to transfer mortgage advisers' aggregation from The Mortgage Supply Company to Astute Financial following a disagreement over the new regulatory regime.

The Reserve Bank has kept the Official Cash Rate at the record low of 1%, but economists predict a cut in November.

LVR speed limits continue to have a "strong effect" on investors, according to CoreLogic, after the latest Reserve Bank data showed a drop in investor borrowing.

The Reserve Bank has kept the Official Cash Rate on hold at 1%. Here's what the central bank said:

New rules for incentives and commissions will be introduced in wide-ranging changes revealed for the insurance and banking sector today, and the Financial Markets Authority will be given the ability to tell banks and insurers how to behave.

Pity the person who has to mark her regulation papers – Financial Advice NZ chief executive Katrina Shanks is signing up for level five.

Asteron Life has just released its annual survey of SMEs. Find out how life advisers compare to their business counterparts.