"Economies of scale will allow more efficiency and a better experience for clients, both in terms of cost and service."

The deal will grow Fisher Funds' funds under management to more than $5 billion from its existing $1.4 billion.

A Consumer NZ study shows just how popular online and smartphone banking is.

The New Zealand Retailers’ Association has welcomed a settlement between the Commerce Commission and seven financial institutions in a case of anti-competitive credit card dealings.

The commission announced this morning it had settled with ANZ National, ASB, Westpac New Zealand, Bank of New Zealand, Kiwibank/New Zealand Post, TSB Bank and The Warehouse Financial Services over claims they had breached the Commerce Act.

The Commerce Commission has settled with seven financial institutions over claims they breached the Commerce Act , That is likely to bring competition to New Zealand’s credit card industry – and possibly a charge for using your credit card.