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.

The Commissioner for Financial Advisers David Mayhew is not satisfied that the draft Code is consistent with the Financial Advisers Act and he has directed the Code Committee to revise it.

Christchurch

One of the early stars of New Zealand’s funds management world, James Ring, is returning to establish an Australasian equities fund.

The NZ Mortgage Brokers Association named the winners of its annual Broker of the Year Awards, plus the winner of a new award - lender of the year.

Govt eyes up changes to family trusts; Become a fan of Intelligent Investor; Morningstar rates Fisher's international fund; Deutsche completes Craigs IP purchase.

Christchurch