Westpac says the Reserve Bank’s bank capital proposals will mean homeowners with an average mortgage in Auckland will be paying about $6,000 a year more in interest.

The Serious Fraud Office, with the assistance of the Financial Markets Authority, has executed search warrants on Thursday in relation to an investigation concerning the Dunedin-based financial adviser.

Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims.

AIA has appointed an ex-All Black and a health and wellness advocate as ambassadors for its soon-to-be launched Vitality product.

New Zealand’s evolution towards a new financial advice regime that sets industry-wide standards for conduct and competence has led to the creation of an integrated financial solutions provider that improves service delivery, efficiency and client outcomes.

The Serious Fraud Office, with the assistance of the Financial Markets Authority, has executed search warrants this morning in relation to an investigation concerning the Dunedin-based financial adviser.

ANZ is dropping a key advice service in Australia.

Four smaller banks have warned that the Reserve Bank's new capital proposals could inadvertently widen the competitive gap between them and the big four.

Partners Life managing director Naomi Ballantyne says the various regulatory reviews are putting huge pressure on life insurance companies and distracting them from their core business of paying claims.

The final version of the Government’s new Healthy Homes minimum standards came out last week. Stop the War on Tenancies spokesman Mike Butler tells us what he thinks about them…

Salt Funds Management has appointed a Chief Investment Officer and a Head of Data Science.

Reserve Bank governor Adrian Orr talks to Philip Macalister about good conduct and culture and what needs to change in the life insurance market.

The NZX has finally announced a sale of its fund management research business FundSource to an Australian company - however the deal is still conditional.

ASB is celebrating its 11-year partnership with Ronald McDonald House Charities New Zealand by launching a term deposit offer which will see the bank donate up to $100,000 to the charity on customers’ behalf.