Trust in financial institutions is at an all-time low in New Zealand and this “deep mistrust” is a major reason why Kiwis are massively underinsured, says PwC partner Ben Coulter.

Booster has added a new chief risk officer to its executive team.

The West Coast region takes the top spot as highest performer for residential investors.

Banks have, somewhat surprisingly, been slow to pass on last weeks 50 basis point OCR increase.

The troubles continue for embattled giant Australian fund manager Magellan.

Kernel Wealth has added a new member to its investment team.

A 61 year old financial advice identity from Taranaki has taken up a new senior role in the SHARE group of companies.

The Financial Markets Authority (FMA) says $150 million dollars have been returned to customers by banks and life insurers due to inadequate systems.

AMP Capital which was once one of New Zealand’s largest managers is about to essentially shut up shop.

Prospa's New Zealand team swells to 12 with the addition of a new business development manager.

Continued monetary tightening: The Monetary Policy Committee today increased the official cash rate (OCR) to 3.5% from 3.0%.

A fall of 4.1% in house values from July to the end of September ranks as one of the worst on record, CoreLogic data reveals.