A new report from Moodys says that while finance companies have been active in the deposit rate market they haven't had much impact on banks.

A new report from Moodys says that while finance companies have been active in the deposit rate market they haven't had much impact on banks.

ASSET magazine is pleased to team up with AXA to provide up to four scholarships to young financial planners.

The past year has been difficult for hedge funds, but things are getting better and performance has picked up recently.

As expected, Reserve Bank governor Alan Bollard left the official cash rate (OCR) unchanged at 6.5%, although he says further increases can’t be ruled out and that there is little scope to cut rates in the foreseeable future.

The Reserve Bank has left the official cash rate (OCR) unchanged at 6.5%

Now that the New Zealand Superannuation Fund’s future has been assured there is a chance that it will get a big cash windfall.

Life insurer Fidelity has rolled out an alternative fixed interest fund which has been described as "radically different" and that aims to achieve returns of more than 10% annually.