Floating mortgage rates won't be rising any time soon with Reserve Bank governor Alan Bollard holding interest rates steady and emphasising the uncertain economic outlook means they will stay there for some time.

The Reserve Bank today left the Official Cash Rate (OCR) unchanged at 2.50%.

Perpetual has added two more advisers to its nationwide adviser team.

The majority of people that use financial advisers rate their relationship positively, with 31% considering it to be ‘excellent’ and 42% ‘good’, according to the latest RaboDirect Financial Confidence Index.

NZ Funds is setting up its own financial advisory business, NZ Funds Private Wealth, and started acquiring planning firms.

Tony Vidler has resigned from Fidelity Life.

Former AXA New Zealand chief executive Ralph Stewart has been appointed to the role of non-executive director on the boards of AMP Services NZ and AMP Superannuation NZ, the main AMP operating entities in New Zealand.

Plus4 Insurance Solutions has announced the appointment of Grant Uridge as board chairman and Roger Adams as director.

Commerce minister Simon Power has announced regulatory changes to make it easier for earthquake-affected Cantabrians to access their KiwiSaver cash.

Total KiwiSaver membership rose 1.8% in March suggesting concerns about possible changes to incentives and an improving jobs market, according to default KiwiSaver provider Tower Investments.