A shake-up for New Zealand’s vocational training systems could have an impact on the financial advice sector – but it’s expected to be a positive one.

JMI Wealth, formerly JMIS, has added another senior adviser to its team.

NZX has reported profit of $11.6 million for the 2019 financial year, including growth in its wealth businesses.

The Financial Markets Authority and Reserve Bank's damning review of conduct and culture in the insurance industry will a "clear impact" on mortgage advisers as regulatory scrutiny heats up for advisers, says Newpark Home Loans boss Andrew Scott.

AMP’s New Zealand profit might have looked a bit grim – but things were much worse on the other side of the Tasman.

Regulatory scrutiny of legacy insurance products may highlight a lack of understanding about how the industry works, one insurer says.

Suncorp’s life insurance business, including Asteron Life and its AA Life joint venture, saw its profits fall by almost a quarter between the first and second halves of last year.

The Reserve Bank has moved closer to putting its "dual-mandate" employment and price stability objectives into law, and has taken further steps to establish a Monetary Policy Committee to make key decisions.

AMP is deferring a planned initial public offering (IPO) of its wealth management business until after it has separated off its insurance operations.

Is the Financial Services Council dabbling in a space that should be left to financial adviser associations?

Inflation concerns have prompted the Reserve Bank of New Zealand to push back its forecast for an OCR change to 2021. Governor Adrian Orr reverted to a dovish tone, suggesting "continued supportive monetary policy", and said the next move could be "up or down".

The Official Cash rate is unchanged and isn't likely to move anytime soon. When it does it could go either way. Here's what RBNZ Governor Adrian Orr said today.

Australian Prime Minister Scott Morrison has defended the mortgage advice industry, calling it a "pretty important service", as the country deals with the fallout from the Royal Commission.