ASB chief executive Vittoria Shortt acknowledges her bank has lost ground with mortgage advisers because of its uncompetitive pricing, but she isn't promising anything is going to change in a hurry.

New Zealanders with mortgages are about 80% through the process of transitioning to higher interest rates, Chris McDonald, the Reserve Bank's manager of system monitoring and analysis told parliament's finance and expenditure committee.

Financial Services Council (FSC) chief executive Richard Klipin has resigned although he will stay on until his replacement is found to ensure a smooth transition.

My Fiduciary is moving to PIE (portfolio investment entity) only portfolio recommendations in light of the trustee tax rate rising to 39% from April 1 to align it with the top personal tax rate.

Fisher Funds chalked up very sluggish growth in its KiwiSaver funds under management (FUM) through the first quarter of owning Kiwi Wealth but the wholesale side of its business is growing at double-digit rates.

Performing well in the December quarter was at odds with KiwiSaver funds' longer-term performance and vice versa, according to the latest MJW survey.

Vault Digital Funds is slashing its headline annual fee as a result of the US regulator allowing 11 firms, including Blackrock and Fidelity, to market exchange-traded funds (ETFs) based on bitcoin.

Bitcoin and other cryptocurrencies are like no other security.

Amplifi expects the pace at which it acquires new wealth advice businesses will pick up now that financial markets are recovering but purchases are likely to remain small.

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.