Latest Finance Headlines
Sorted Teams Up With New Zealand’s #1 Podcast, The Morning Shift, To Help Shift The Conversation Around Money
Tue, 19 Mar 2024 10:36:38 +1300 | Retirement Commission
Sorted and New Zealand’s biggest podcast, The Morning Shift, are joining forces to redefine how New Zealanders talk about money. The Morning Shift is the brainchild of three Kiwi dads Jordan River and Brook Ruscoe, former breakfast radio hosts, and ...More >>
Ethical Lender Money Sweetspot Takes Aim At "Afterpay Day" Campaign
Tue, 19 Mar 2024 10:12:14 +1300 | Money Sweetspot
Afterpay Day - in reality a four-day sales promotion from the buy now pay later (BNPL) platform - encourages Kiwi shoppers to "seize the deals." Sasha Lockley, co-founder and CEO of ethical debt consolidation provider Money Sweetspot ...More >>
Westpac NZ Introduces Gambling Account Block To Support Customers
Tue, 19 Mar 2024 06:06:59 +1300 | Westpac
The introduction of the gambling block is the latest initiative in Westpac’s Extra Care programme of work. The gambling block empowers the customers to stay in control of their finances.More >>
RBNZ Publishes Assessment Of Capital Review Implementation
Mon, 18 Mar 2024 10:13:36 +1300 | Reserve Bank
The Reserve Bank of New Zealand’s 2019 Capital Review focused on improving the quality and quantity of bank capital to make the banking system safer for New Zealanders and to ensure that bank owners have a meaningful stake in their businesses. We are ...More >>
ASB Rural Quarterly Report
Fri, 15 Mar 2024 08:58:20 +1300 | ASB Bank
Dairy rebounds, forestry looking up as meat prices lag, but overall a more positive outlook for the sector More >>
A Proportionality Framework Allows For Diversity While Promoting Financial Stability
Thu, 14 Mar 2024 10:29:15 +1300 | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua has published the first legislative document setting out how it will take a proportionate approach when developing prudential standards for licensed deposit takers under the Deposit Takers Act 2023. Following ...More >>
Government Support To Fight Scams Welcomed By Banks
Thu, 14 Mar 2024 10:26:24 +1300 | NZBA
The New Zealand Banking Association welcomes the New Zealand government’s support to help fight fraud at the inaugural Global Fraud Summit held in London this week. NZBA chair Vittoria Shortt, who attended the summit on behalf of the New Zealand ...More >>
Sorted Unveils Enhanced Budget Planner Tool And Revamped Website
Thu, 14 Mar 2024 08:56:47 +1300 | Retirement Commissioner
Government-backed personal finance website sorted.org.nz has launched a new budget planner tool along with a refreshed website to help New Zealanders achieve their money goals in 2024. Te Ara Ahunga Ora Retirement Commission, which runs Sorted, ...More >>
Westpac NZ Announces Changes To Board Of Directors
Wed, 13 Mar 2024 18:37:07 +1300 | Westpac
Westpac NZ has announced the appointment of Debbie Birch as an independent non-executive director, effective 18 April 2024. Ms Birch brings more than 30 years of financial markets experience, including managing global investment portfolios. She’s held ...More >>
New Zealand One Step Closer To Depositor Compensation Scheme
Mon, 11 Mar 2024 10:34:15 +1300 | Reserve Bank
The Reserve Bank of New Zealand - Te Pūtea Matua is one step closer to launching the Depositor Compensation Scheme (DCS) which will operate under the new Deposit Takers Act (DTA). Following consultation and engagement with the deposit taking sector ...More >>
ASB Drops Interest Rates
Mon, 11 Mar 2024 09:26:19 +1300 | ASB Bank
ASB has today dropped its fixed home lending rates for the third time in two weeks. Its six-month term has dropped 10 basis points from 7.39% to 7.29%, while the one-year term has reduced by 5 basis points to 7.24%. ASB’s two-year mortgage rate has also ...More >>
The Power Of Embedded Green Finance
Fri, 8 Mar 2024 10:53:32 +1300 | Enterprise Solutions
Banks recognise the need to align their offerings with growing consumer demand for sustainability. But despite efforts, many struggle to effectively embed green products and services into their offerings, hindered by outdated systems and a lack of customer ...More >>
KiwiSaver Non-contribution Could Cost New Zealanders Billions, Reports National Capital
Thu, 7 Mar 2024 09:24:24 +1300 | National Capital
A recent study by financial advisory firm National Capital reveals that approximately 703,000 New Zealanders not actively contributing to KiwiSaver could collectively miss out on nearly $114 billion by the time they retire. The firm's latest KiwiSaver ...More >>
NZGIF Welcomes New Chief Executive
Wed, 6 Mar 2024 21:04:01 +1300 | Green Investment Finance
Sarah Minhinnick has been appointed the new Chief Executive of New Zealand Green Investment Finance, the Crown-owned green investment bank established to accelerate investment in Aotearoa New Zealand’s decarbonisation. Sarah will take up the position ...More >>
Craigs Investment Partners And The New Zealand Open Raise $25,000 For Charity
Tue, 5 Mar 2024 11:56:28 +1300 | Craigs Investment Partners
Players and spectators at the New Zealand Open presented by Sky Sport have helped leading wealth management firm and tournament sponsor Craigs Investment Partners raise nearly $25,000 for charity at Millbrook Resort. “Golf raises more money for ...More >>
The Use Of Credit Risk Weights For Climate-related Purposes – Bulletin Article
Tue, 5 Mar 2024 10:40:34 +1300 | The Reserve Bank of New Zealand
The Reserve Bank of New Zealand – Te Pūtea Matua has published a Bulletin article discussing the use of credit risk weights for climate-related purposes. Te Pūtea Matua is responsible for maintaining a stable financial system to promote the prosperity ...More >>
Closing The Money Knowledge Gap With Financial Education: Insights For International Women's Day
Tue, 5 Mar 2024 10:07:21 +1300 | Money Sweetspot
As we approach International Women's Day on 8th March, the theme "Inspire Inclusion" urges us to forge a more inclusive world for all women. At Money Sweetspot, we love that! We recognize that empowering women through financial education totally supports ...More >>
Spate Of Scam Activity Hitting Pasifika Communities In New Zealand And In The Islands
Sat, 2 Mar 2024 14:16:58 +1300 | ASB
ASB is warning of a scam currently circulating on Facebook and Instagram, which takes advantage of the upcoming ASB Polyfest event to target Pasifika communities both in New Zealand and in the Pacific Islands. Scammers have created fake social ...More >>
ASB Reduces 18-month Mortgage Rate To 6.89%
Tue, 27 Feb 2024 09:32:48 +1300 | ASB Bank
ASB has today reduced its 18-month fixed home lending rate by 26 basis points from 7.15% to 6.89%, effective immediately. This is the lowest 18-month rate across the major banks. The following can be attributed to ASB Executive General Manager Personal ...More >>
New Chair For Guardians Of NZ Superannuation
Mon, 26 Feb 2024 13:06:11 +1300 | New Zealand Government
Hon Nicola Willis Minister of Finance Company director and investor John Williamson has been appointed as the new Chair of the Guardians of New Zealand Superannuation, the Crown entity that oversees the NZ Super Fund and the Elevate NZ Venture Capital ...More >>