The regulators say life insurers have demonstrated a “weak appetite for change”
It is also proposing changes that will give smaller banks a more level playing field
Issuers and investors are among those who submitted feedback
Changes follow a notification by the Australian Prudential Regulation Authority
Advisers “should not wait for the regulator to come knocking,” says chief executive
The restrictions have achieved their purpose and further easing may be on the cards
The lender is the latest to join NZ’s growing alternative lending space
This is the latest in an ongoing series of cuts by major banks over the past months
The lender has agreed to pay back $350,000 in borrower fees