Business Scoop


Kiwis Losing Thousands By Being In The Wrong KiwiSaver Fund

Press Release – BetterSaver

BetterSavers first annual KiwiSaver review reveals that Kiwis have potentially missed out on thousands of dollars in returns by investing their savings in the wrong KiwiSaver fund. It shows the fund with the best returns was Milford Asset Managements … Read more »

BitWell Introduces Alchemy Pay, Available In 65 Countries

Press Release – ACN Newswire

BitWell, the digital asset derivatives trading platform, announced that it introduced the Alchemy Pay payment system on March 30. BitWell now has smooth access to global payment channels such as Visa, PayPal and Master Card, providing users in over 65 … Read more »

Kiwibank Again Scoops Canstar’s Bank Of The Year – Home Loans!

Press Release – Canstar

Kiwibank is New Zealands top home loan provider, scooping Canstars accolade for the second year running. Canstars General Manager Jose George said Kiwibanks back-to-back win reflected how it catered for all Kiwis, from those first stepping … Read more »

BNZ KiwiSaver Well Aligned To FMA Report On Fees And Value

Press Release – BNZ

BNZ has welcomed the release of the FMAs review of Managed Fund Fees and Value for Money this morning. BNZ GM Wealth, Peter Forster, says BNZ supports the FMA in its ongoing focus to deliver value for money for KiwiSaver members. We are … Read more »

Low Rates For Longer Create Once In A Lifetime Opportunity – C21FNZ

Press Release – Century 21

The Reserve Banks confirmation today that its holding the Official Cash Rate at 0.25% is great news for household borrowers with plenty of avenues to secure a mortgage still in existence, says a leading financier. While the OCR is expected … Read more »

Monetary Stimulus Continued

Press Release – Reserve Bank

The Monetary Policy Committee agreed to maintain the current stimulatory level of monetary settings in order to meet its consumer price inflation and employment objectives. The Committee will keep the Official Cash Rate (OCR) at 0.25 percent, and the Large … Read more »

FMA Expects KiwiSaver Managers To Follow Four Key Principles To Show Value For Money

Press Release – Financial Markets Authority

Fund managers are expected to annually review their fees and value for money with their supervisors and prove to the Financial Markets Authority (FMA) the review has happened, as a result of final guidance on fund manager fees and value for money … Read more »

Nectar Signs Global Credit Investments As Strategic Funding Partner

Press Release – Global Credit Investments

Nectar, the New Zealand-owned digital lending platform, has secured strategic funding from specialist fixed-income and credit investment manager Global Credit Investments (GCI). The first ranking debt security will enable Nectars personal loan book … Read more »

Increasing Growth And Maturity In NZ Startup Investment, Despite COVID-19 Disruptions

Press Release – PwC

Startup investment in New Zealand has grown and matured despite the challenges of COVID-19, according to the latest Startup Investment report from PwC and the Angel Association (AANZ). In 2020, investors provided more follow-on capital than ever … Read more »

Reserve Bank Launches Enforcement Department

Press Release – Reserve Bank

The Reserve Bank – Te Ptea Matua has established a new standalone Enforcement Department to promote confidence in compliance across regulated sectors. The Enforcement Department is operationally separate from the Banks Supervision team, but the … Read more »

Hub Banks Will Not Close Regional Branches For Rest Of 2021

Press Release – NZ Bankers’ Association

The six banks participating in the Regional Banking Hubs trial are renewing their commitment to not close regional branches until the end of the year, when the trial concludes. The September 2019 announcement of the hubs pilot included a voluntary … Read more »

Business Lending Partnership Gives Westpac Customers Faster Access To Funds

Press Release – Joint Press Release

Westpac NZ and Common Ledger are giving Kiwi small businesses faster and more efficient access to lending, reducing online loan application times to as little as five minutes. Under the open data arrangement, Westpac business customers applying for loans from … Read more »

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