Booster has snapped up the former Mahana Estates winery site, and announced the formation of the Booster Wine Group.

The final report from Australia's Royal Commission into the financial services sector is due to be published on Monday afternoon.

The Guardians of New Zealand Superannuation have appointed a new manager of New Zealand equities.

High upfront commissions and overseas trips are in the spotlight as the government works to overhaul financial services sales incentives.

Interest-only lending accounted for just 30% of mortgage lending in December, significantly down on historical lows, as banks keep a lid on "risky" lending. 

Yesterday we witnessed one of the biggest take downs in the history of financial services in New Zealand. But was it warrented?

NZ Funds has added another client adviser with UK tax expertise to help with the steady increase in UK pension transfers.

Significant change is coming for the life insurance sector this year, after the government vowed to take action on a damning report from the Financial Markets Authority and Reserve Bank.

The Consumers' Institute says it already knew there were problems in the life insurance sector, but the industry was never going to "put its house in order".

Financial Services Council welcomes the Conduct report and acknowledges there are things to work on.

The Commission for Financial Capability aka Retirement Commission says consumers are at the mercy of intermediaries selling life insurance on behalf of companies

Public confidence and trust in the life insurance sector is essential; life insurance contributes significantly to the financial well-being of New Zealanders. Reports like that released by the FMA and RBNZ on Tuesday play a vital role in highlighting areas where the sector can better serve New Zealanders, and importantly, maintain and grow public confidence and trust, Financial Advice NZ chief executive Katrina Shanks says.

Investor borrowing slumped to its lowest level since January 2018 in the final month of last year, according to new figures from the Reserve Bank. First home buyers, meanwhile, continue their resurgence in the market, nearly surpassing investors.

Cabinet has agreed to rid the insurance industry of sales incentives that are driving behaviour that is "not in the best interest of consumers".

Australia-headquartered non-bank lender Resimac has announced Scott McWilliam as its sole CEO, with long-serving joint CEO Mary Ploughman to leave the group.