SBS Bank is changing the way it distributes home loans through advisers which will see it slash the number of brokers it deals with.

Only 27% of New Zealanders view their bank as a place to get good financial advice, according to new survey from price comparison site Canstar.

TBS Bank believes more customers "want to choose an NZ-owned bank" after it recorded home lending growth of 2.9% in the three months to March.

“We are thrilled that from next year all KiwiSaver providers will be required to join NZ Funds in projecting member balances at retirement”, says Geoff Motion. NZ Funds first included retirement savings projections in 2018.

Inland Revenue needs to acknowledge that over-charging KiwiSaver members tax is a bigger problem than some not paying enough, one adviser says.

The new owner of FundSource, Zenith Investment Partners plans to continue with the fund manager of the year awards, but others are looking at the research market.

Morgan DeVere Corporate Finance has been fined $40,000 for breaching the Financial Services Providers Register's rules.

A former Black Cap, New Zealand cricket selector and Wellington Firebirds head coach has been appointed executive director at financial services firm Booster.

New, more targeted exchange-traded funds are a way for advisers to take an active approach to passive investment, the NZX says.

Insurers hope an increase in mental health funding announced in the Budget will mean they deal with fewer people in crises.

KiwiSaver members will now see their projected savings for retirement and the likely weekly income it will provide on their annual statements, Commerce and Consumer Affairs Minister Kris Faafoi says.

While Westpac has released its submission to the Reserve Bank on the proposed new capital requirements, the other big Australian-owned banks are refusing to follow suit.