AMP says it will “further localise” its New Zealand wealth management business, including AdviceFirst, and explore divestment to realise its value.

Lenders have taken action on fixed and floating rates after the Reserve Bank cut the Official Cash Rate to a record low of 1%. Here's a roundup of the cuts as of Thursday morning:

The Official Cash Rate could drop to 0.75% or even lower this year, economists say, after the Reserve Bank slashed the OCR by an unprecedented 50 basis points.

Default KiwiSaver schemes may no longer be conservative, and could be forced to charge lower fees, if Government proposals for a revamp of the scheme are adopted.

About $8 million of client money is missing from financial adviser Barry Kloogh’s accounts, it has been revealed.

Asteron Life and AA Life have recorded a joint profit jump of 12.8% in the most recent financial year.

The Reserve Bank of New Zealand has surprised economists by slashing the Official Cash Rate by 50 basis points to just 1%.

The Reserve Bank of New Zealand has cut the Official Cash Rate to a new record low of 1%. Here's why:

KiwiWealth says some fund managers are shirking their duty when responsible investing gets ‘too hard’. 

Some dealer groups may have to rethink their value proposition as product providers move away from volume-based commission structures.

Cigna is intending to combine its two businesses by transferring the OnePath Life insurance business to Cigna Life Insurance New Zealand.

Share NZ's new Compliance and Training Manager comes from the Financial Markets Authority.

A new regulatory environment for advisers is creating an opportunity for research firm MyFiduciary, which has signed a deal with one of the big banks.