New Zealanders don’t agree with claims that they don’t have a savings problem, the Financial Services Council says.

The Financial Markets Authority is expecting a change in the way providers do business under the new Financial Markets Conduct Act.

KiwiSaver growth in the March quarter of this year was on a smaller scale than investors have been used to over recent times but diversification paid off, Morningstar’s latest KiwiSaver survey shows.

Wayne Evans has been appointed chief executive of SBS Bank, replacing Ross Smith, who is retiring at the end of July after 22 years.

The amount of low equity loans being written by banks is running at half of their allowable limits.

New Zealand and Australian banks are more worried than their counterparts around the world about the risks involved in not getting their sales and business practices right, a new PricewaterhouseCoopers report says.

Kiwibank is set to be the next to offer unsecured, unsubordinated capital notes to the public, to cover the cost of its new capital requirements.

AMP has announced the appointment of Richard Brown to the position of national manager of its Financial Adviser Network (AFAN).

Health insurers will fund $1 billion in claims this year, the Health Funds Association says.

Read what the the Reserve Bank governor, Graeme Wheeler, said about interest rates and the economy.

ANZ, which is the last of the big banks to keep a two-tiered pricing structure for its home loans, has taken a half step to change this model.