[UPDATED] Former financial adviser and Sunday Star Times columnist Andrew Robinson, has been ordered to pay $2.56 million in damages plus costs to an investor over a series of negligent and misleading deals. 

Corrected additional charges

In Mortgage Rates Radio this week Philip Macalister reports on a new development around bank cash contributions; previews this week's OCR and what it means for borrowers; and has a welcome change of approach from one bank.

You can expect the Reserve Bank to hike its official cash rate next week, and floating rates will follow suit. However, what the central bank says and where interest rates will go after next week is less certain.

Former mortgage broker Kerry Buddle has been given a stiff jail sentence.

HSBC no longer has sales targets for its staff, and instead has introduced what it calls a holistic approach to treating clients.

AFAs will be able to complete the Information Return, required under new regulatory reporting guidelines, from August 18.

RE/MAX New Zealand has joined the list of real estate firms which have set up finance arms to assist clients with home loans and insurance.

AMP has bought mid-sized financial planning firm Goldridge, which has about $300 million under management, and added it to is AdviceFirst business.