The Financial Markets Authority will need to refine its guidance on complaints handling processes if its proposed transitional license standard is to be effective, one complaints expert says.

Open Polytech says its new financial services qualification and continuing professional development course will stand advisers in good stead in the new advice regime.

The need for the Reserve Bank to cut the Official Cash Rate to 1% and below looks "increasingly likely" according to economists at Kiwibank.

The Financial Markets Authority says it will help advisers understand how licensing works – but if they want to know what is the best path for them to take, they may need to pay for professional advice.

Compliance costs may make it difficult for advisers to have their own FAP under the new financial advice regime, according to Financial Advice NZ CEO Katrina Shanks.

New Zealand is spending billions of dollars on KiwiSaver with no clear indication that it is leaving anyone better off, two retirement policy commentators say.

ASB bank has accelerated its forecast for further Official Cash Rate cuts amid weak business confidence data.

Advisers who’ve focused on getting a level five qualification to enable them to transition to the new advice regime may have taken the wrong approach, an adviser coach says.

Reserve Bank moves to require banks to hold more capital could be good news for the share market.

Non-bank lender Resimac has taken a stake in an asset finance fintech firm as it looks to diversify into other forms of lending.

AMP Capital says New Zealand equities may be at valuations 20% above fair value - but there are predictions higher prices are yet to come.