Latest Finance Headlines

RBNZ Strengthening Enforcement Framework

Wed, 18 May 2022 14:11:38 +1200 | The Reserve Bank of New Zealand

The Reserve Bank of New Zealand - Te Pūtea Matua has published its Enforcement Principles and Criteria Guidelines which are the foundation of our enhanced enforcement framework. “The principles and criteria are part of a broader initiative in which ...More >>

Fund Managers’ Inconsistent Performance Measurement And Cost Of Fees Reduces Benefits To Investors

Wed, 18 May 2022 11:02:15 +1200 | Financial Markets Authority

The managers of New Zealand managed investment schemes (MIS or KiwiSaver/fund managers) are showing repeatable performance, relative to appropriate market indices. However, the benefits of their skill to investors in some funds is reduced by fees, and the ...More >>

TJA Reacts: New Zealand’s Financial Secrecy Rating “Not Good Enough”

Tue, 17 May 2022 18:09:49 +1200 | Tax Justice Aotearoa

New Zealand has been rated 53 out of 142 countries in the latest Financial Secrecy Index report produced by global organisation Tax Justice Network which examines countries’ laws around financial transparency, among other things. Glen Barclay, Chair of Tax ...More >>

Westpac Economic Overview, May 2022 – The Right Amount Of Pressure

Tue, 17 May 2022 05:52:01 +1200 | Westpac New Zealand

Westpac’s quarterly Economic Overview finds that economic growth is set to slow both in New Zealand and around the world, as central banks come to terms with what’s needed to bring inflation under control. “The challenge the Reserve Bank faces ...More >>

Consumers Battling To Keep Up, Need To Speak Up

Mon, 16 May 2022 09:44:13 +1200 | Financial Services Complaints Ltd

Consumers who are battling to keep up with loan repayments need to speak to their lender as soon as possible, says Financial Services Complaints Limited (FSCL) CEO, Susan Taylor. FSCL offers a free service for consumers who have complaints about ...More >>

BNZ Launches Interest Rate Incentives For Environmentally Ambitious Farmers

Thu, 12 May 2022 11:13:46 +1200 | BNZ

Bank of New Zealand (BNZ) has today launched New Zealand’s first Agribusiness Sustainability Linked Loan product (SLL) available to all New Zealand farmers. The term loan, a SLL available to all farmers no matter the size of their farm or industry, ...More >>

Sustainable Finance Ramps Up In New Zealand

Thu, 12 May 2022 05:28:39 +1200 | Responsible Investment Association Australasia

The Responsible Investment Association Australasia (RIAA) is ramping up its operations and presence in Aotearoa New Zealand as the demand for ethical and sustainable finance products and providers reaches new heights. RIAA’s Executive Manager for Membership ...More >>

Trustees Executors Urges Kiwi Women To Have More Conversations About Money To Improve Their Financial Wellbeing

Wed, 11 May 2022 13:04:02 +1200 | Trustees Executors

Kiwi women who are worried about money are being urged to take ownership of their financial wellbeing by having more conversations about money and finances. Recent research by the Financial Services Council (FSC) has found 60% of Kiwi women worry ...More >>

Back To Work At 68? Kiwis In Their 30s To Run Out Of KiwiSaver Cash Less Than Four Years After Retiring

Wed, 11 May 2022 09:31:45 +1200 | BetterSaver

New analysis shows that a 35-year-old Kiwi earning the average wage is at risk of running out of their KiwiSaver money less than four years after leaving the workforce for good. The analysis, commissioned by digital KiwiSaver advice platform, BetterSaver ...More >>

Westpac New Zealand Lifts Cash Earnings, Supports Customers

Mon, 9 May 2022 09:50:49 +1200 | Westpac

Westpac New Zealand (Westpac NZ) has increased cash earnings by 9% for the six months ended 31 March 2022, compared with the same period last year, as it continues to support households and businessMore >>

Kiwibank Term Deposit Rate Changes

Mon, 9 May 2022 09:42:13 +1200 | Kiwibank

Kiwibank is increasing its term deposit rates, including lifting its popular one year rate by 0.20% to 3%, the highest it has been since August 2019. Senior Manager of Borrowing and Savings Richard McLay says Kiwibank exists to support the financial ...More >>

McDonald Vague Insolvency Practitioners Notice An Increase In IRD Initiated Liquidation Appointments

Thu, 5 May 2022 14:20:13 +1200 | McDonald Vague

Debt collection actions are gaining momentum and winding up proceedings are on the rise in NZ. There is an increase in IRD initiated winding up proceedings. Many NZ companies have been impacted by Covid-19 and are facing insolvency. To be insolvent ...More >>

Corruption And Money Laundering Across The Pacific

Wed, 4 May 2022 17:36:01 +1200 | Transparency International NZ

Research published by Transparency International New Zealand this week investigates corruption and money laundering within Pacific Island Countries (PICs). It highlights the linkage between the two concluding that preventive and investigative systems ...More >>

Transformative Project To Deliver Thousands Of Jobs And Economic Security For Solomon Islands

Tue, 3 May 2022 13:09:38 +1200 | IFC

Honiara, Solomon Islands, May 3, 2022 — More than 5,500 jobs are set to be created with the construction of a major tuna processing plant in Solomon Islands that will provide economic security for the Pacific Islands nation and its people into the ...More >>

Robertson - Pre-budget Speech To Rabobank Breakfast

Tue, 3 May 2022 09:07:02 +1200 | New Zealand Government

I want to thank Rabobank for hosting us this morning, and all of you for making it along for an early start. Yesterday, New Zealand opened its borders again to tourists and business visitors from around 60 visa waiver countries as we continue our reconnection ...More >>

TSB Backing Local Businesses After COVID Cancellations

Mon, 2 May 2022 06:07:45 +1200 | TSB Bank

TSB is giving $250,000 to local TSB Debit Mastercard® card holders to spend supporting the Taranaki business community following the cancelled WOMAD and TSB Festival of Lights events. A headline sponsor for both events, TSB is now redistributing its ...More >>

Financial Services Council Rallies Organisations To Grow Women’s Financial Wellbeing

Mon, 2 May 2022 05:30:32 +1200 | Financial Services Council

The Financial Services Council [FSC] today began a three-month, pan-sector campaign to take meaningful action to improve the financial wellbeing of our wāhine.  Over 80% of women surveyed by the FSC rated their financial wellbeing moderate, low ...More >>

Banked: Financial Product Information And Deals Website To Help Kiwis Make Better Choices

Fri, 29 Apr 2022 05:25:32 +1200 | Banked

Banked, a new website aimed at helping New Zealanders make better financial decisions has launched. The new website publishes thoroughly researched and unbiased guides on a range of personal finance topics including insurance, credit cards, loans, and ...More >>

The Bank Of Mum And Dad Is The Fifth Biggest Owner-occupier Lender In New Zealand

Thu, 28 Apr 2022 06:13:11 +1200 | Consumer NZ

New research from Consumer NZ has found the Bank of Mum and Dad plays a sizeable role when it comes to helping young home buyers on the property ladder, ranking fifth after ANZ, ASB, Westpac, and BNZ when it comes to owner-occupier loans. The Bank ...More >>

New BNZ Foundation To Support NZ Communities To Create Better Futures

Wed, 27 Apr 2022 12:20:38 +1200 | BNZ

Bank of New Zealand (BNZ) will this year launch a foundation to support initiatives that help New Zealand communities thrive. Dan Huggins, BNZ CEO, says, “Across Aotearoa New Zealand there are innovative, future-focussed groups who have found solutions ...More >>


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