More individuals and businesses in New Zealand are turning to peer-to-peer lending, according to new figures from the Financial Markets Authority.

HSBC has cut its special one year fixed mortgage rate to 3.79%, as lenders dive in to the low interest rate environment.

The Financial Markets Authority is experiencing a rush of applications from those wanting to become authorised financial advisers.

AIA/Sovereign has confirmed it will stop offering overseas "recognition trips" to advisers.

Kiwi homeowners are paying down mortgage debt at a faster rate, taking advantage of the extended period of record low interest rates, according to new figures from Westpac.

There seems to have been little action in the past year on the development of the new financial advice regime, one commentator says.

Following a successful second speed dating event in Wellington, New Zealand's non-banks are set to hold more special events in the New Year as adviser interest grows.

Life for rental property owners may become tougher as Labour’s newbie Housing Minister Phil Twyford tries to “make life better for renters”, Stop the War on Tenancies founder Mike Butler warns.

Businesses will have more ways to train new advisers into the business under the new advice regime for financial advisers, the chairman of the working group developing the code of conduct says.

ASB has played down speculation it will follow owner CBA by supporting a fee-for-service model for mortgage advice, following comments made by CBA CEO Matt Comyn to the Royal Commission this week.

Cigna chief executive Gail Costa says the addition of the adviser channel will mean positive changes for her business.

Financial Advice New Zealand does not need to have an official regulatory role under the new financial advice regime, its chief executive says.

The Ministry of Business, Innovation and Employment says more details about disclosure requirements for financial advisers will be available in early 2019.

OnePath and Cigna become one at the end of this month.