Businesses must realise that despite their costs jumping 10%, they can only raise prices 2% and must find savings and boost productivity, otherwise monetary policy won’t be eased and interest rates won’t fall.

Richard Klipin signs off as Financial Services Council (FSC) chief executive this week, he talks to Philip Macalister about his achievements and his thoughts on financial advice.

The one-year fixed interest rate is the most popular for mortgage borrowers as economists continue to pick this November as possibly when the RBNZ might lower the OCR.

The big gap in satisfaction scores between first place and the rest of the pack in Consumer NZ’s latest survey of the worst and best banks, reflects the findings of the Commerce Commission’s banking draft market study, Consumer NZ says.

Nikko has relaunched its GoalsGetter KiwiSaver proposition adding other managers’ funds and making improvements for advisers.

Westpac New Zealand says about 65% of its mortgage customers were more than three months ahead on repayments at March 31, which helps to explain why fewer customers than it had expected are suffering hardship amid higher interest rates.

Westpac New Zealand's mortgages surged in the latest six months by $1.44 billion to $66.96 billion compared with growth of just $333 million in the six months ended September,  the bank's latest disclosure statement shows.

In its next monetary policy statement (MPS), the RBNZ should signal that a drop in the OCR is imminent, Squirrel Mortgages chief executive David Cunningham.

Fidelity Life has announced a special offer to cover new customers’ premiums for the first 3-months of their policies.

The Contracts of Insurance Bill, which will overhaul insurance regulations has had its first reading in Parliament.

ANZ Investments to exit Wholesale business and focus on better outcomes for everyday Kiwi investors

Mortgage advisers accounted for slightly less of Bank of New Zealand's new mortgages in the six months ended March compared with the previous September half year , but adviser share of the overall portfolio continues to grow.