Stop calling KiwiSaver suspension a ‘holiday’ – Commissioner

Article – BusinessDesk

Dec. 9 (BusinessDesk) – The right to suspend payments to KiwiSaver schemes should be reduced from five years to one and the so-called ‘contributions holiday’ should be renamed a ‘savings suspension’ to “remove the positive connection with a … Read more »

Kiwi kids’ attitude to money stems from home

Press Release – FoxPlan Limited

This week 120 Wellington school students graduated from their financial fitness boot camp with a new perspective on how to manage money and make it work for them, but financial planning expert says financial literacy is not commonplace in New Zealand … Read more »

NZ Banks now lending on income over equity

Press Release – LoanPlan Mortgages and Finance

While your house may be worth a fortune, its now harder than ever to convert property assets into cash because New Zealands major banks are assessing mortgage and loan applications against income over equity. Read more »

Guilty verdict in a corruption and bribery case

Press Release – Auckland Transport

In 2013, Auckland Transport began an investigation into allegations of bribery and corruption within the road corridor maintenance area and subsequently handed the matter over to the Serious Fraud Office. Today a guilty verdict was handed down in … Read more »

Quiet month in card spending

Press Release – Statistics New Zealand

Total retail spending using electronic cards was $5.2 billion in November 2016, up $254 million (5.1 percent) from November 2015, Statistics New Zealand said today. The largest increase came from the consumables industry, up $101 million (5.8 percent. Read more »

UPDATE: ANZ’s UDC finance unit posts record profit

Article – BusinessDesk

Dec. 8 (BusinessDesk) – ANZ Bank New Zealand’s UDC finance unit has posted a record annual profit, driven by booming car sales and strong growth in forestry, transport and construction. Read more »

UDC posts record profit despite interest margin fall

Article – BusinessDesk

Dec. 8 (BusinessDesk) – ANZ Bank New Zealand’s UDC finance unit has posted a record annual profit, driven by booming car sales and strong growth in forestry, transport and construction. Read more »

HiFX Weekly FX Technical Report

Press Release – HiFX

Last Price: 0.7163 Daily: /Mkt accumulating below nearby 0.7175 resistance Weekly: Underlying bullish view maintained above 0.6950 Read more »

Review notes ‘continued low level’ of reporting by NZ firms

Article – BusinessDesk

Dec. 8 (BusinessDesk) – The Financial Markets Authority says it is “particularly concerned” about continued low levels of reporting by New Zealand financial services firms of suspicious transaction reports under requirements of the Anti-Money Laundering … Read more »

ASB: New Zealand Bank of the Year four years running

Press Release – ASB Bank

ASB has been named New Zealand Bank of the Year for the fourth consecutive year by Financial Times-owned magazine The Banker . Read more »

Government’s update paints a rosy economic picture

Press Release – PricewaterhouseCoopers

Treasurys Half Yearly Economic and Fiscal Update offers a rosy outlook for the next few years. Growth is expected to be around 3.5% and averaging 3% over the next five years. Read more »

Another ‘Steady as She Goes’ economic update for the Crown

Press Release – PricewaterhouseCoopers

The Governments Half Yearly Budget Policy Statement paints a rosy picture of the economy: with strong growth, coupled with low inflation and weak wage pressures. Read more »

UDC Finance posts record net profit

Press Release – UDC Finance

UDC Finance has posted a record net profit after tax of $58.5 million for the year to 30 September 2016, a 3% increase on the previous financial year. Read more »

Review of Retirement Income Policies: Toys Talk Retirement

Press Release – Commission for Financial Capability

We promised we were going to do things differently with our 2016 Review of Retirement Income Policies and we dont like to disappoint. Read more »

RBNZ’s Wheeler sees ‘continued strong economic growth’

Article – BusinessDesk

Dec. 8 (BusinessDesk) – Reserve Bank governor Graeme Wheeler says the prospects are good for “continued strong growth” in the New Zealand economy in the next 18 months, with monetary policy accommodative enough to ensure inflation picks up … Read more »

KiwiSaver recommendations welcomed

Press Release – New Zealand Government

Commerce and Consumer Affairs Minister Paul Goldsmith today welcomed the KiwiSaver findings of the Retirement Commissioners three-yearly review of retirement income policies. Read more »

Why is NZ still the exception on deposit protection?

Column – Green Party

Yesterday, in front of Parliaments Finance & Expenditure select committee, Reserve Bank Governor Graeme Wheeler continued to defend New Zealands record of exceptionalism on deposit insurance. Read more »

Household sector saving continues to decline

Press Release – Statistics New Zealand

Household net disposable income was $138.4 billion (up 2.8 percent), while household spending was $141.4 billion (up 3.6 percent) in the March 2016 year, Statistics New Zealand said today. Read more »

RBNZ Governor Wheeler Speech on NZ Economy

Press Release – HiFX

RBNZ Governor Wheeler has given a speech this morning on New Zealand economy and growth prospect. His key points were as follows: Read more »

FMA releases AML/CFT monitoring report

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) has today published its third annual AML/CFT monitoring report. Read more »

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