Philip Macalister gives you a round up of interest rate news; tells you a story about a re-finance he has just done, and talks about Westpac’s latest moves.

Sovereign has reported a solid result for the 12 months to June 30 and says new products and the adviser channel are going well.

This week has been dominated by some of the things that came out of the Workplace Savings conference around advisers and KiwiSaver and there have been quite a few surprises.

A proposed customer due diligence exemption for reporting entities who deal with other reporting entities under the AML/CFT Act could allow fund managers to rely on the processes of AFAs.

[With graphs] Fees KiwiSaver managers are charging fund members are starting to come under scrutiny now providers are required to make quarterly disclosures.

ASB's full year profit of $806 million was a "good result for the business", chief executive Barbara Chapman says.

The Financial Market Authority says it has seen an increase in complaints about how banks sell KiwiSaver and is looking at the issue.

Westpac New Zealand chief executive, Peter Clare has resigned following a recent, major medical procedure to correct a heart condition.

ASB has reviewed its interest rate forecasts and now pushed back the date when it thinks the official cash rate will next rise.