Mortgage advisers say borrowers should be aware of and understand mortgage affordability “test rates” rather than being kept in the dark.
A non-major has raised its industry leading low rate for one year fixed home loans above four per cent.
The insurance sector has called on the government for more transparency in commission and incentive related disclosure to clients but a mortgage adviser says this is needed in the loan writing sector too
The FMA has completed its first survey of consumers’ experience of financial advisers’ conduct
The Reserve Bank says the finance sector, regulators and other authorities all have a part to play in tackling the threats
A “one size fits all” approach to insurance regulation may not be the best option