Auckland

AMP Financial Services has agreed to buy the Roost mortgage broking business for an undisclosed amount.

ING crowned - again, Offer closes, Two ING fund reports out, Firms to avoid.

In reflecting over the news this week could be described as a good news sort of time for the savings industry.

Wellington

Managed funds had their strongest in flows in three years in the first quarter of this year, the latest FundSource research shows.

Auckland

Auckland

The official cash rate (OCR) will increase by 25 basis points to 7.75%.

ANZ’s decisions to cut commissions paid to brokers is causing “mass hysteria” according to Approved Mortgage Brokers and NZ Mortgage Finance general manager Dave Shatford.

Commonwealth Bank provides NZ Finance with funding line to reduce reliance on debentures.

Listed investment company Salvus is significantly overweight to cash in its New Zealand share fund and is warning the sharemarket is “very fully valued.”