Money Compare a Fintech Innovation Challenge finalist

Press Release – NZ Compare

The team at NZ Compare are proud to announce that their latest, soon to be launched comparison website, Money Compare ( www.moneycompare.co.nz ) has been shortlisted by Paymark as a finalist in the 2018 Fintech Innovation Challenge. Read more »

HiFX Morning Update, May 25 2018

Press Release – HiFX

NZDUSD opens at 0.6932 (mid-rate) this morning. The Kiwi was range-bound yesterday, and without any meaningful economic or geopolitical news, price action was unable to trade outside of a 0.6905 – 0.6935 range. This was the tightest daily range of … Read more »

FSC will engage constructively with regulators

Press Release – Financial Services Council

The Financial Services Council has welcomed the conduct letter from the Financial Markets Authority (FMA) and the Reserve Bank of New Zealand (RBNZ), and will engage in a transparent and constructive manner in providing the requested information. Read more »

Show us you’re clean: FMA, Reserve Bank letter to insurers

Article – BusinessDesk

May 24 (BusinessDesk) – Life insurance companies have less than a month to come up with information to reassure regulators that misconduct being unveiled by the Hayne Royal Commission in Australia isnt happening here – or is being addressed. Read more »

Comvita’s $400M sales target pushed out two years

Article – BusinessDesk

May 24 (BusinessDesk) – Comvita will take another two years to reach its $400 million sales target after the manuka honey company had two poor seasons in a row, according to Craigs Investment Partners. Read more »

Market cleanliness summer scholarship study published

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) and NZX Regulation (NZXR) today published a study carried out by Victoria University student Anna Hensen, New Zealand Equity Market Cleanliness for the years 2010-2016 . Read more »

Letter to life insurers by the FMA and Reserve Bank

Press Release – Financial Markets Authority

Letter sent to life insurers by the FMA and Reserve Bank of New Zealand The FMA and the RBNZ have sent the letter below to the chief executives of New Zealands licensed life insurers Read more »

Paymark congratulates Fintech Innovation Challenge finalists

Press Release – Paymark

Paymark extends its congratulations to the finalists in the 2018 Fintech Innovation Challenge, and is delighted by the calibre of the award entries. Read more »

HiFX Morning Update, May 24 2018

Press Release – HiFX

The NZDUSD opens at 0.6919 (mid-rate) this morning. Renewed risk-off sentiment hit markets yesterday afternoon after Donald Trump tweeted that he was not happy with the China trade negotiations so far, despite China reducing import tariffs on autos, … Read more »

New Reserve Bank dashboard to shed light on banks’ liquidity

Article – BusinessDesk

May 23 (BusinessDesk) – Until now, getting a clear picture of how the country’s banks stack up against each other could be a tortuous process, involving trawling through various bank sites, or a large and relatively incomprehensible spreadsheet on the … Read more »

Bulletin article discusses unconventional monetary policy

Press Release – The Reserve Bank of New Zealand

An article published today in the Reserve Bank Bulletin examines the international experience of several central banks since the global financial crisis of 2007/08, and considers the potential for such policies in the New Zealand environment. Read more »

HiFX Morning Update, May 23 2018

Press Release – HiFX

The NZDUSD opens at 0.6932 (mid-rate) this morning. Currency markets have consolidated with a lack of economic data keeping investors on the side lines. Commodity-linked currencies pushed higher yesterday afternoon but have since retraced the move after … Read more »

Money summit tackles barriers to wealth

Press Release – Commission for Financial Capability

The risk of many New Zealanders reaching retirement with little or nothing will be addressed at the New Zealand Financial Capability Summit on June 12. Read more »

Winter blues blown away with big win

Press Release – NZCU Baywide Credit Union

Paying household bills will not be a burden this winter for the Van der Walt family of Hastings after winning $10,000 from NZCU Baywide in its Chill… Well Get the Bills promotion. Read more »

Simplicity lists 24 questions to be answered in Royal Inquir

Press Release – Simplicity

Simplicity, NZs fastest growing KiwiSaver scheme, released today a list of questions that it believes should form the basis of a Royal Inquiry into the banking, insurance and finance sector. Read more »

ASB Housing Confidence Survey

Press Release – ASB Bank

House price expectations have rebounded back to where they were before the 2017 General Election according to the latest ASB Housing Confidence Survey. Read more »

HiFX Morning Update, May 22 2018

Press Release – HiFX

The NZDUSD opens at 0.6941 (mid-rate) this morning. Geopolitical risked eased yesterday with markets responding positively to the news that the US and China have agreed to drop tariff threats and work together on a wider agreement. Global equity markets … Read more »

Veritas Investments gets $27.5 mln refinancing deal

Article – BusinessDesk

May 21 (BusinessDesk) – Japanese investment bank Nomura Holdings will lend Veritas Investments $27.5 million to repay bank debt and fund expansion in the hospitality sector, if Veritas’ shareholders agree. Read more »

Change KiwiSaver ‘Member Tax Credit’ name so it makes sense

Press Release – Wright Communications

Changing the name of KiwiSavers Member Tax Credit could help eligible KiwiSavers access an annual $521.43 handout from the Government. Read more »

New wholesale investment service introduced by Kiwi Wealth

Press Release – Kiwi Wealth

New Zealand-owned and operated investment manager Kiwi Wealth has launched a new investment service for wholesale investors which includes a suite of locally-managed wholesale funds. The four portfolio investment entity (PIE) funds are available to … Read more »

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