Trust in banks diving sharply amid soaring profit announcements.

Morningstar Australia and New Zealand managing director leaving the research house.

Another growth manager added to the InvestNow KiwiSaver Scheme.

Auroa Financial Group has been censured by the Financial Markets Authority for misleading KiwiSaver clients.

Rebounding share markets in the March quarter helped all the multi-sector KiwiSaver funds produce positive returns.

Westpac New Zealand is playing “catch-up” in the mortgage market because it had been losing a little market share, said chief executive Catherine McGrath.

Westpac New Zealand grew its mortgage book faster than the market in the six months ended March at the same time as it fattened its profit margins.

Philip Macalister sits down with AIA chief partnership distribution officer, Sharron Botica to talk about the evolution of change in the insurance industry, the challenges of how that has impacted businesses and the growth of AIA insurance and what that means for advisers.

New Zealand largest bank, ANZ, has reported a 14% increase in half-year profits compared to the corresponding period last year.

Mortgage brokers accounted for 32.7% of Bank of New Zealand’s mortgages in the six months ended March, up two percentage points from Sept 30 and up from 29.8% from a year earlier.