Michael Cullen chairing the new government's tax working group could be a boon to the KiwiSaver industry, it has been predicted.

New professional association Financial Advice NZ appears to be addressing concerns about how it will represent all strands of advice, by opting for a system of colleges.

NZ Super Fund CEO Adrian Orr will be the new Reserve Bank Governor from 27 March 2018, Finance Minister Grant Robertson announced today.

The Financial Markets Authority has told incoming Commerce and Consumer Affairs Minister Kris Faafoi that it is working through its preparations for the new financial advice regime.

A key member of the FMA's executive team is moving to a fund manager role.

This week we have seen a little movement in home loan rates, but we would have to stress it is only little. With the Reserve Bank loosening, ever so slightly, its LVR restrictions it will be interesting to see if that generates a little more activity from lenders.

In preparation for the pending retirement of CEO Scott Black, and the appointment of his replacement, SHARE has strengthened its management team and added additional resource in key areas.

We weren’t sure it was going to happen this side of the new year but this week the Financial Services Legislation Amendment Bill had its first reading in Parliament.

A new dealer group has been set up, predominantly for risk advisers, which is based on a co-operative model.

The fact that times change should "give hope to the poor and pause to the rich", according to one old saying.