Kiwibank has changed its "headline home loan" to an offset product and cut the interest rate.

Here is what the bank said.

The level of financial literacy in New Zealand was “appalling” when Sean Hughes started at the Financial Markets Authority three years ago – and little has changed.

After recently claiming other schemes were trying to pinch its members the Insurance and Savings Ombudsman Scheme is offering its members a carrot now it is renewal time.

New Zealand’s first market manipulation case has been brought by the Financial Markets Authority.

New Zealand must strike the right balance to enable first-home buyers to purchase property while maintaining a robust banking system, Prime Minister John Key says.

Rod Carr, the vice-chancellor of the University of Canterbury, has been appointed chairman of the Reserve Bank.

Authorised financial advisers will likely have to navigate extra hurdles to prove they are capable of offering discretionary investment management services (DIMS) when new regulations come into force.

It's been an FMA week with lots of news from the regulator. And be warned next week is likely to have a heavy FMA focus too. As we report today the authority is due to release a number of papers next week which will no doubt capture the attention of advisers.