The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.50% and given no indication of future movements.

AMP picks up manager from Sovereign for underwriting role.

Newpark has appointed Simon Yarrell as BDM in Christchurch. This is a newly created role due to Newpark's focus on expansion and growth. He will start in January 2012.

Latest interest rate survey of economists; New online quoting tool; First insurer licensed.

Standard & Poor's has taken the axe to the credit ratings of the Australian banks, but they weren't the only things getting cut in the financial sector this week.Niko Kloeten rounds up the week's news.

Trustees Executors has been building its adviser force to complement existing trust managers and trust officers. Four new AFAs have joined the nationwide private wealth team.

The recently-announced shake-up at OnePath has nothing to do with the ING frozen funds debacle, according to ANZ Wealth general manager Simon Botherway.

SBS Bank's profit fell in the September quarter and its mortgage book shrank, both reflecting the impact of the Christchurch earthquakes.

A strategic review and focus on expanding AIA's distribution footprint in New Zealand in 2011 has seen a number of key relationships emerge in traditional adviser and partnership distribution.