The Commerce Commission has launched an investigation into BNZ over the bank's compliance with the Credit Contracts and Consumer Finance Act.

Rates continue to fall across the market in the wake of the OCR cut, with Kiwibank's one year special down to just 3.85%.

Sorting out what the financial advice industry is going to look like under the new regime is something akin to trying to solve the Rubick cube.

Non-bank mortgage provider Resimac has bolstered its New Zealand underwriting team with the appointment of a new Senior Underwriter.

Investors borrowed just $988 million in April, down from $1.26 billion in the same month last year, according to new figures from the Reserve Bank.

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.