In the interview below, TOWER Investments CEO Sam Stubbs discusses how people need to "look through" present concerns about the stability of global economic recovery and start planning now for the type of chastened economic climate they are likely to be living in when normal conditions resume.

The Financial Advisers Association New Zealand (FAANZ) is concerned at the delay in allowing advisers dealing with category two products to voluntary opt in to becoming Authorised Financial Advisers (AFA).

AMP New Zealand has reported a 39% increase in operating earning for the six months to June 30, but warns this level of increase isn’t likely to be replicated again soon.

Auckland

Wellington

The New Zealand mortgage curve has flattened lately, with floating rates rising in step with the Official Cash Rate (OCR) increase, but fixed rates falling in line with the decline in wholesale swap rates says ANZ.

State-owned lender Kiwibank posted a 13% decline in full-year profit as competition for retail deposits weighed on margins and eroded profitability.

Wellington

The government will only claw back as little as 33 cents in the dollar from the failure of financier Viaduct Capital.

There are seven universal conditions of true, satisfying and sustainable success according to philosopher Tom Morris who has studied the world's great thinkers.