The Reserve Bank today reduced the official cash rate (OCR) from 5.0% to 3.5%.

ING has written to advisers saying that it can defend the decisions it has made over its distressed CDO-backed funds and that it will no longer pay advisers trial commissions on the funds.

CBS Canterbury has entered into the home loan battle offering a competitive one-year fixed rate.

Wrap platform FNZ has sold for close to $34 million in a management buyout/private equity deal revealed yesterday.

ANZ and ING in trouble over funds; Milford market outlook; Looking for honey in a bear market

ASB Bank is the latest to add cash PIES to its product offering and it has taken a different approach to other institutions.

Murray Harris has take on the role of national investment manager at Spicers Portfolio Management.

Very few families take the time to commit to understanding and agreeing to what is important to them when it comes to money. Many families spend more time planning vacations than talking about their personal financial values.

BT Funds Management has expanded its investment team with three new appointments.

Most asset classes in Australia took a hiding last year, according to Morningstar, however some funds which are used by New Zealand investors performed well.

Tower has appointed Eric O'Sullivan as Group Chief Financial Officer.

Guardian winds up fund; Northern Trust appointed custodian of NZDMO; PIS tops insurance ladder; Global Credit Notes matures

Tower Health & Life has signed up Christine Laverty as the new national key account manager – corporate alliances, based in Auckland.

Paul Butler, formerly ING chief financial officer, has been named in the newly-created role as the group's director of funds management.

Bernie’s No Longer Ponzing Around
By Peter Lynn

Clearly, the world economy is in a poor state at present and despite our reputation for being less than cheery, even we have been surprised by the extent of the weakness that now afflicts the global economy.