Retirees have the highest level of wellbeing in New Zealand but young Kiwis are not on track to achieve the same results, researchers say.

A former director of OPI Pacific Finance, David Mark Anderson, has been sentenced to 300 hours community work and ordered to pay A$100,000 in reparation.

ANZ makes an unsolicited loan offer to a customer which is more than the borrower could afford.

Specialist lender RESIMAC has taken a bold step and decided to charge a loan processing fee when deals are lodged.

International peer-to-peer operator P2P Global Investments has agreed to provide up to $200 million of lending capital to Harmoney, which will be used to support continued growth in the New Zealand market and the upcoming Australian operation.

Financial adviser complaints made up just 2 per cent of the total complaints dealt with by the Insurance and Savings Ombudsman scheme in the latest financial year.

Peer-to-peer lender Harmoney has announced changes to its senior leadership team ahead of its launch in Australia. 

Peter Lynn has been promoted within Nikko and his replacement has been found at AMP Capital.

ANZ's economists all get out of bed early to hear what the US Federal Reserve had to say this morning about interest rates and the economy.

A restructure at Westpac has seen the Director of Third Party Banking role disestablished and replaced with one which combines looking after advisers and the bank's mobile mortgage managers.