ANZ Wealth managing director John Body says the FMA's investigation into churn is an opportunity to build a more sustainable industry and shouldn't be a war on commissions.

ANZ Investments has applied for a DIMS licence, but just for its bank staff.

The Financial Markets Authority has appointed a chief operating officer and changed its executive team following the departure of Elaine Campbell.

The Reserve Bank has cut the OCR to 3.25% today. Here is what the governor Graeme Wheeler said.

Mike Pero mortgage advisers are the first in New Zealand to be able to electronically lodge loan applications directly with a major trading bank.

BNZ’s re-entry into the mortgage adviser space after a 12-year absence has started well.

Axing of the $1000 kickstart payment for KiwiSaver has been a headache for providers.

Sovereign is giving away free insurance to its Facebook followers, in a campaign it says it designed to address the issue of underinsurance.

Westpac has finally made changes to its low-equity margin that it charges borrowers with deposits of less than 20%.

Non-bank lender RESIMAC has taken a market leading position with its variable rate and also made other changes across the card. Full details here.

Getting to Know this week features Barry Read who is, in a way, an adviser to advisers. Or some may say, someone who likes to make a splash.