In Mortgage Rates Radio this week Philip Macalister reckons the latest home loan specials aren't so special. Also he expresses some surprise that one economic think tank is advocating lending restrictions based on your income, rather than equity levels.

Some of you may have missed last week's Wrap which came out on Monday as we had been waiting for news about TNP and Ginger.

Kepa may have only just been formed through a merger of TNP and Ginger, but it is already looking at taking over other groups.

KiwiSaver has been the New Zealand’s most successful savings innovation in the last hundred years, the Financial Services Council says.

There is criticism that the Financial Markets Authority has been tardy in getting its templates and online report systems ready for the next round of reporting required from financial sector participants.

Labour’s KiwiSaver policy has been criticised by the University of Auckland’s Retirement Policy and Research Centre.

A new leadership team has been appointed at Southern Cross. 

Kiwi Property Management, the manager of Kiwi Income Property Trust, is to offer up to $100 million of seven-year fixed rate senior secured bonds, with the ability to accept up to $25 million in oversubscriptions.

More than half of young workers aged 15-24 years are already saving for their retirement, and most of those not already saving plan to do so in the future, a new survey shows.

The Reserve Bank’s ability to have an instant impact on borrowers with its interest rate increases is fading quickly.

Tower has done a u-turn and sold its remaining life business, to Foundation Life in a deal worth $36 million.

Sharebrokers Craig’s Investment Partners is setting up a standalone fund managers which will be run by two highly-regarded investment managers.