Equitable North Island business development manager Scott Rasmussen has resigned and he is taking up a position at ING Life.

Kiwibank has cut 31 basis points off its two-year fixed home loan rate, reducing it from 7.30% which is the median for all banks to 6.99%.

Kiwibank has cut 0.31% off its two-year fixed home loan rate, reducing it from 7.30% to 6.99%.

Grant Evitt is joining AIA as product manager. This is his second stint at AIA, Evitt previously held a role as business development manager there before moving to become more involved in product development roles at TOWER and then at ING Life.

What a difference a week makes, or does it? So now, after another round of extensive proposed changes to the Financial Advisers Act, we find ourselves trying to absorb the implications.

Allied Farmers, which took on the Hanover and United loan books in a debt-for-equity swap last year, has accused Hanover Finance of breaching their agreement and will take legal action against the failed finance vehicle of Mark Hotchin and Eric Watson.

BNZ and Westpac battled it out in the nine-month space last week as the competition for retail deposits carries on with no end in sight.