New Zealand mortgage advisers have expressed their disappointment at recommendations from Australia's Royal Commission, including bans on commission and a possible move to a fee-for-service model.

The Australian Treasury has moved to implement recommendations made in yesterday's Royal Commission report, including banning trail commission and the possibility of a fee-for-service model for mortgage advisers.

Trustees Executors has appointed a new national manager of trusts and estates.

If financial advisers needed any further proof that change is on the horizon, the report of the Australian Royal Commission into Misconduct in the Banking, Superannuation and Financial Advice sectors has delivered it.

The final report from Australia's Royal Commission has called for a sweeping overhaul of mortgage adviser pay, including banning commission from lenders and making customers pay a fee for service.

About 60% of all KiwiSaver funds tracked by Morningstar ended 2018 in the red.

ANZ's former chief investment officer has taken up roles with BNZ.

Non-bank lender First Mortgage Trust has confirmed its management company has been taken over by the private equity firm Capital Group. The announcement comes after TMM Online revealed the deal on Friday.

Strong economic and population growth and a tight rental market mean Tauranga remains an appealing option for investors, writes Miriam Bell.

The Code Working Group is still on track to deliver a code of conduct for financial advisers to Commerce Minister Kris Faafoi early this year, its chairman, Angus Dale-Jones, says.

This week we witnessed one of the biggest take downs in the history of financial services in New Zealand. But was it warranted?

New Zealand investment firm Capital Group has bought the management company behind non-bank lender First Mortgage Trust.