The Reserve Bank today reduced the Official Cash Rate from 5.75% to 5.50%.

Finance Minister Michael Cullen reckons that the opposition are still cowering naked in the bushes over superannuation as they don't have an alternative to the New Zealand Superannuation Fund.

A year long trend in declining home affordability has halted, according to the latest Home Affordability Report.

AMP is closing down its financial services website Liquid.

Royal & SunAlliance has announced that it will change its name to Vero on September 1 this year.

While looking for fancy new products to provide extra return, investors and advisers may be missing out on a reliable performer right under their noses.

While international equities continue to test investors’ patience, bonds are the quiet achievers. TOWER’s Michael Coote takes a look at the reasons behind the rise of the international bond market.

The Guardians of New Zealand Superannuation Board announced today that it intends to appoint the Frank Russell Company to provide it with second opinion investment advice. The Board’s primary investment advisor is Mercer Investment Consulting.

HSBC has entered into a deal to buy AMP Banking's home loan business.

Auckland

The latest survey of interest rates confirms that fixed rates have been edging up and floating rates have remain unchaged in the past month.