AMP Capital adds to its fixed interest team as demands come from growth and regulatory change.

Interested in testing the commercial property waters? Property Managers Group (PMG) has just put its largest retail offer in its diversified, unlisted commercial property fund on to the market.

Mortgage fintech company Valocity, whose platform links borrowers, advisers and banks with property valuers, has been nominated for a prestigious global technology award.

Former IFA president Nigel Tate has resigned from his positions with Financial Advice NZ.

Training institutions are readying themselves for an influx of advisers needing to attain the level five certificate in financial services.

The Official Cash Rate (OCR) remains at 1.75%. We expect to keep the OCR at this level through 2019 and into 2020.

Economists believe the Reserve Bank has adopted a slightly more hawkish stance on the OCR, but say the unchanged forecast suggests a continued low interest rate environment.

The Official Cash Rate (OCR) remains at 1.75%. We expect to keep the OCR at this level through 2019 and into 2020.

As expected the Reserve Bank kept the Official Cash Rate at its record low. The central bank says downside risks to the economy remain and the OCR will stay at "an expansionary level for a considerable period". Here's what RBNZ said in full: 

A case in which an insurance broker was criticised for not conducting a full review of a client’s policy at renewal is being held up as a warning to other advisers.

There are fears that if financial advice rules prompt an exodus of advisers from the market, it could reduce what they can sell their businesses for.

Newpark's new chief executive has finished in the role.

Today's stronger than expected job numbers add further weight against the argument for an OCR cut, economists say. 

Adviser group Mortgage Express has hired former ANZ banker Donna Marks to bolster its Wellington operations.