NZ Post pays $2.5M interim dividend issues warning

Article – BusinessDesk

NZ Post pays $2.5M interim dividend while warning year-end targets will be ‘challenging’ Read more »

Home Loan Affordability report – interest.co.nz

Press Release – Interest.co.nz

interest.co.nz Home Loan Affordability report Owning a home is now more within reach for first home buyers in Auckland as prices tumble and interest rates remain low Read more »

Financial results of Kiwi Group Holdings 6 mths to 31 Dec 18

Press Release – Kiwibank

Financial results of Kiwi Group Holdings (including Kiwibank) for the six months ending 31 December 2017 Read more »

Women trail men in KiwiSaver contributions and savings

Press Release – Westpac New Zealand

Women have lower sums in their KiwiSaver accounts than men and are less likely to have other investments to help fund their retirement, according to a new survey by Westpac NZ. Read more »

HiFX Morning Update, February 23 2018

Press Release – HiFX

The NZDUSD opens at 0.7342 (mid-rate) this morning. The NZD is little changed against the majors after yesterday mornings FOMC meeting minutes, with the Japanese Yen the stand out performer in the last 24 hours. Read more »

FMA opens applications for personalised digital advice

Press Release – Financial Markets Authority

The FMA is now open for applications from providers seeking to offer personalised financial advice to consumers through digital tools and platforms (so-called robo-advice). Digital advice is automated financial advice generated by computer program using … Read more »

Treasury opens up discussion on wellbeing measures

Press Release – The Treasury

A Treasury Paper and four discussion papers published by the Treasury aim to promote and support conversations about wellbeing measures for New Zealand, says Chief Economic Adviser Tim Ng. The papers published today are: The Treasury Approach to the … Read more »

New Zealand bankruptcies drop to a five-year low

Press Release – Credit Simple

When it comes to managing our money, and staying out of financial trouble, Kiwis are beating the Aussies hands down, according to new analysis from CreditSimple.co.nz *. Read more »

HiFX Morning Update, February 22 2018

Press Release – HiFX

The NZDUSD opens at 0.7344 (mid-rate) this morning. The NZD is little changed against the majority of its rivals ahead of this mornings FOMC meeting minutes. The AUD is the worst performing of the G10 currencies, falling late yesterday afternoon following … Read more »

Spencer defends RBNZ’s retail banking supervision

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Acting Reserve Bank Governor Grant Spencer, who will leave the role next month to be replaced by Adrian Orr, defended the central bank’s approach to supervision of the retail banking sector, though noted the government could seek … Read more »

FSC will engage with KiwiFund Bill

Press Release – Financial Services Council

The Financial Services Council welcomes the opportunity to engage with the KiwiFund Bill and the issues it raises, but questions whether the measures in the Bill are needed. Read more »

Foreign Control of NZ – Key Facts

Press Release – Campaign Against Foreign Control Of Aotearoa

Note that there are often revisions to official data, leading to some changes to reported data for past years. Read more »

Heartland keen to beef up profitable reverse mortgage book

Article – BusinessDesk

Feb. 21 (BusinessDesk) – Heartland Bank says it would be happy to grow the size of its $1 billion reverse mortgage loan book after the business delivered “strong” earnings, especially in Australia. Read more »

HiFX Morning Update, February 21 2018

Press Release – HiFX

The NZDUSD opens at 0.7348 (mid-rate) this morning. For the first time in 2018 and breaking three consecutive rises in global dairy prices, this mornings GDT auction resulted in a marginal fall in the price index. Volumes also dipped with 20,256MT … Read more »

Heartland Posts Half Year Profit of $31.1m

Press Release – Heartland

Heartland Posts Half Year Profit of $31.1m 20 February 2018 Heartland Bank Limited ( Heartland ) (NZX: HBL) achieved a net profit after tax ( NPAT ) of $31.1m for the half year ended 31 December 2017, an increase of seven percent from the half year … Read more »

Kiwibank drops fee for using other banks’ ATMs

Press Release – Kiwibank

Kiwibank has decided to drop the $1 charge for using other banks ATMs. The charge will be withdrawn effective from 15 April 2018. Read more »

ASB Housing Confidence Survey

Press Release – ASB

Fewer people think now is a bad time to buy a house. South Island house price expectations more optimistic than in the North Island. Most people expect interest rates to rise over the next year. Read more »

ASB removes fees for customers using other banks’ ATMs

Press Release – ASB Bank

ASB is removing fees for customers who use ATMs belonging to other major New Zealand banks. Read more »

FMA cracks down on financial services companes

Article – BusinessDesk

Feb.20 (BusinessDesk) – The Financial Markets Authority says it saw a positive change in market participant conduct last year although it’s likely to bring proceedings against at least two company directors for misusing the Financial Service Providers … Read more »

FMA publishes 2017 Conduct Outcomes Report

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) today published its Conduct Outcomes Report for the calendar year 2017, setting out some of the key issues and actions taken by the conduct regulators enforcement and supervision teams. Read more »

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