A rush of rate cuts has followed the Reserve Bank decision to cut the official cash rate this morning.

[UPDATED, ADDS GENERATE COMMENT] A financial adviser who used to manage a small KiwiSaver scheme says the pressure will be on Pie Funds if it launches into the market.

Partners Life is backing a new, direct model of insurance.

IFA advisers fielded 49 inquiries when they manned the phones offering free advice during Money Week last week.

The Responsible Investment Association of Australasia is to launch a new web tool and map to help New Zealand investors find responsibly invested funds and advisers.

KiwiSaver members expect their providers to offer them insurance, Mercer’s New Zealand managing director says.

It must be made clear to advisers that the Code of Professional Conduct would need to be tweaked if it is to apply to the entire advice industry, a PAA board meeting has been told.

Economists are unanimously expecting the official cash rate to be cut next week.

UPDATED A record low interest rate in the home loan market is likely to drive inquiries to brokers, it has been claimed.

Management consultant and former AIA head of distribution Darrin Franks has been added to the Professional Advisers Association board as an independent member.

Milford Asset Management is changing its performance fee charge, including a revamp of its “high water marks”.

The Insurance and Savings Ombudsman scheme is getting a name change and advisers using the scheme need to take note.

Partners Life has decided to delay its plans to list on the sharemarket.

UPDATED There are concerns that the number of new AFAs being authorised by the Financial Markets Authority is not keeping up with the number who are terminating their authorisation.

Salt Funds Management is to make a play for more adviser relationships.

New Zealand retirees are turning to rental property because there are not enough products to provide income in retirement, it has been claimed.