The Reserve Bank's forecasts were predicated on an assumption that house prices will rise about 7% in each of the next two calendar years, governor Adrian Orr told journalists after RBNZ cut its official cash rate (OCR) from 4.75% to 4.25%.

The Reserve Bank has cut its official cash rate (OCR) to 4.25%, in line with most economists' expectations, and says it's likely to cut further next year.

The Monetary Policy Committee today agreed to reduce the Official Cash Rate by 50 basis points to 4.25 percent.

ASB Bank seemed to be trying to make up previous quarters' mortgage market share losses in the September quarter while the government's Kiwibank was the second biggest lender in the latest three months.

A general lack of understanding of risk versus return combined with affordability worries remain the key factors keeping New Zealanders underinsured.

There have been calls for mortgage advisers to make a complaint to the FMA about banks’ stringing out their processing times for home loans.

Aside from the expected RBNZ 0.50% OCR drop on Wednesday, economists are expecting a thorough update of where it sees interest rates going over the next two years.

For the second consecutive year Asteron Life has been awarded Life Insurance Company of the Year at the ANZIF Insurance Industry Awards.

Both the regulator and government officials say the onus falls on advisers to work with disgruntled clients to try to resolve their complaint even if they have left the sector or joined a new provider.

Mortgage advisers are taking a stand against banks’ strung-out home loan processing times.

The Adviser Platform grows their compliance and governance team with new appointments.