Strong flows of retail money into bank term deposits has reduced the banks’ incentive to pay higher interest rates, the Reserve Bank says.

Advisers say the faces they deal with at MBIE keep changing.

Labour’s proposal to increase KiwiSaver contributions is a welcome move, the Financial Services Council says.

The Financial Markets Authority has released its guidelines for organisations wanting to apply for a DIMS licence and says it is flexible enough to deal with all types of advisory firms.

Sovereign has lost its last bid to appeal a long-running dispute with Inland Revenue and must pay the department $82 million.

New Zealand’s lack of regulation of financial advisers was made clear in the global financial crisis, the Financial Markets Authority’s chief executive says.

The New Zealand Superannuation Fund has a new chief investment officer (CIO).

Advisers have won some concessions in the new rules governing discretionary investment management.

Philip Macalister introduces the latest additon to mortgagerates.co.nz - Mortgage Rates Radio. In this audio clip Philip takes a different look at last week's OCR announcement, discusses home loan rate changes and asks some questions about one non-bank lender.

Here we wrap up some of the key comments made by economists (and the Green Party) on yesterday's Official Cash Rate increase and the Reserve Bank's Monetary Policy Statement.