Another of the smaller banks. SBS, has taken its short term home loan rates below the 5% mark.

Two banks have today cut their one year fixed mortgage rate, with one going below the 5% mark.

It's only been two weeks since Fisher Funds took ownership of TOWER Investments, but that's been enough time to review the investment team and terminate 15 positions.

Consumer credit law changes introduced last week are the biggest in a decade, Consumer Affairs Minister Craig Foss says.

Advisers, both authorised and registered, have been warned by the Financial Markets Authority that enforcement will be tougher this year.

TAL, which used to be TOWER Australia, has announced the resignation of Elana Rubin from its board of directors.
 

A new Macro Financial Department in the Reserve Bank will play an important role in overseeing the stability of New Zealand’s financial markets, its deputy governor and head of financial stability says.
 

Advisers who highlight price as the most important benefit when offering a new product came under the Financial Market Authority’s spotlight in the last quarter of 2012.

Paul William Cropp has been found guilty of four Crimes Act charges laid by the Serious Fraud Office.

New Zealanders have more money tied up in small businesses than previously thought, Finance Minister Bill English told the Wellington Employers Chamber of Commerce today.

The Institute of Financial Advisers and IBANZ College have announced a partnership that gives all IFA members access to professional development opportunities through the college.
 

The FMA has reviewed the Mighty River Power share offer document and is satisfied it contains the information investors need to decide whether to invest.

Dealer group TNP is believed to have lost up to five staff after a restructure.