[UPDATED] A new initiative designed to raise the level of financial literacy in New Zealand has the backing of financial advisers – but most will not be involved directly.

Westpac is offering a cash incentive to potential first home buyers as well as preferential treatment and special rates.

Economists don’t expect an interest rate increase from next week’s official cash rate announcement, but they are hedging their bets when the rise will come.

One of Plus4's founders has stepped down from the board and been replaced by a Hamilton-based insurance adviser.

There are two themes here, one is the increasing contribution technology is making to the adviser market and the other is the dominant way technology will make that contribution.

The FMA has announced who will replace Sean Hughes as its chief executive.

The Institute of Financial Advisers has announced who will replace Penny Mudford as its chief executive.