The classic portfolio split into 60% equities and 40% bonds and fixed interest should come back into its own again in 2024 after a terrible 2022 and a very hesitant recovery in 2023.

Net immigration has surprised the Reserve Bank on the upside “to the tune of tens of thousands,” raising the prospect that interest rates will have to remain high for longer, chief economist Paul Conway told Parliament's finance and expenditure committee (FEC).

Jarden now views its wealth management and advice business and its investment banking activities as “quite disconnected” and that's the thinking that's led to the decision to hive off wealth management into a separate vehicle called FirstCape, says FirstCape's first chief executive Malcolm Jackson.

Australian aggregator Finsure will be making an aggressive pitch for New Zealand mortgage brokers to join it in the new year, says head of its NZ operations Jenny Campbell.

Today is an exceptionally big one for Harbour Asset Management because not only will it become part of a four-way merger to form FirstCape but one of its investments looks likely to deliver a big payday.

Jarden and National Australia Bank (NAB) are to combine their wealth advice and management businesses and will bring in Pacific Equity Partners (PEP) as the third shareholder, as foreshadowed by GoodReturns in early November.

Graeme Lindsay learned the benefits and pitfalls of health insurance first-hand the hard way after selling the product as an adivsor and/or broker for 52 years, and another couple of years as an advisor to the industry through his firm, Strategy Financial Services.

Forsyth Barr is buying Hobson Wealth for an undisclosed sum, as GoodReturns reported several weeks ago was likely.

The main message from Financial Advice New Zealand (FANZ) to the new government is essentially “give us time to breathe.”

Charlie Munger's death just a month shy of his 100th birthday is being mourned the world over and not just by Warren Buffett's Berkshire Hathaway where he was chief financial officer or in his home town of Omaha, Nebraska.

Those bearing the brunt of rising mortgage rates can blame the impact of record net immigration for interest rates remaining high into 2025 before they're likely to see any relief.

ASB Bank's decision to concentrate on profit margins is coming at the obvious cost of market share – in the September quarter, its mortgage book shrank by $152.2 million, according to the Reserve Bank's bank financial strength dashboard.

Nobody is expecting the Reserve Bank to do anything when it releases its latest monetary policy statement and economic forecasts next Wednesday but there's a debate raging about when it will start cutting interest rates.

US-based TA Associates is looking to exit its 34% stake in Fisher Funds, according to the Australian Financial Review.

Payments NZ is bidding for its API Centre to be at the centre of not just open banking but of data sharing in other industries such as energy and telecommunications.

When Don Brash became the first central bank governor in the world to target a specific inflation outcome, then zero to 2%, he stumped the country with his message about how bad inflation was, often calling it “the thief in your pocket.”