The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 2.75%.

Michael Naylor, a senior lecturer in finance and insurance at Massey University, has designed a template for advisers to work out what commission changes would mean for them.

Accuro Health Insurance chief executive Geoff Annals has been elected chairman of the Health Funds Association.

The long-serving head of distribution at Sovereign is stepping down from the position to take up a new role within the company.

Perpetual Guardian has made two new senior appointments.

Sky City entertainment grow is to sell $125 million of seven-year bonds, paying 4.65% a year.

AMP Capital has no plans to replace Nick Dobson, who is stepping down after 17 years.

Investors in the Hubbard Management Fund have had all their capital returned. 

New research shows many New Zealanders nearing retirement age are interested in an annuity-type product that will give them a guaranteed income.

Warren Stephens is stepping down as New Zealand’s Million Dollar Round Table (MDRT) chair.

Former head of AMP Capital Roger Greville has been remembered as a “good bugger” who lived life to the full.