Wed, 4th Dec 2024

In this episode of Financial Services Online, we discuss the transformation of AMP under CEO Matt Lawler's leadership, with its advice and financial planning domains rebranded to NewCo, marking a historic organizational shift. In other news, the Reserve Bank of New Zealand predicts a 50 basis points cut to the official cash rate to keep inflation close to the target, aligning the rate with the neutral range. In contrast, ASB Bank anticipates a more moderate cut. Also, The Reserve Bank of Australia plans a major leadership overhaul and splits into governance and economic policy boards. Finally, changes are underway in Australia's mortgage lending rules to make home ownership more affordable and accessible. For more insights into personal and business loan finance, tune into our podcast every week.