FNZ founder Adrian Durham steps down as group chief executive, as the firm raises another US$1 billion of capital.

Heartland Group's reverse mortgages continued to grow at 20% through its 2024 financial year, the same rate as in 2023, but its online-only home loans fell by 0.6%.

nib New Zealand saw revenue up but profits down in the 12 months to June 30.

Pepper Money has appointed a business development manager.

TSB has copped a $2.47 million penalty for historic breaches of the Credit Contracts and Consumer Finance Act (CCCFA).

NZFSG has split its distribution team as Loan Market builds a dedicated support network.

It appears the housing market is already responding to falling wholesale interest rates with the dollar value of new mortgage commitments in July up 18.4% to $6.7 billion from June and up 33.1% from July 2023, according to Reserve Bank data.

NZ Financial Services Group has created a dedicated regional management team for insurance.

Consilium’s KiwiWRAP KiwiSaver Scheme has cracked a milestone and has impressive client balances.

A client who was able to continue building a new home despite being off work for 18 months is one of the recent highlights for Brave Day.

Australian non-bank lender Bluestone has for the second time pulled out of the New Zealand market.