Developer demand for bank-alternative mortgages surges

Press Release – Omega Capital

An environment characterised by soaring demand for housing and a passive stance imposed by New Zealands trading banks has placed companies like Omega Capital Corporation in a position of strength. Read more »

Do you know where your KiwiSaver money is invested?

Press Release – Shareclarity

A recent study by the NZ Herald, RNZ and Fairfax showed that some of the government-appointed KiwiSaver schemes held investments in weapons manufacturers, tobacco companies, palm oil producers and other less socially responsible industries. People who sign up … Read more »

HiFX Morning Update, August 19 2016

Press Release – HiFX

The NZDUSD opens at 0.7293 (mid-rate) this morning. The NZD rallied strongly from yesterdays open of 0.7242 to an overnight high of 0.7310. The Kiwi finishes the week up 1.4% from Monday’s 0.7191 starting price. Read more »

MARKET CLOSE: NZ shares rise on Tegel’s Australian access

Article – BusinessDesk

Aug. 18 (BusinessDesk) – New Zealand shares rose after Tegel Group said it had been cleared to export raw poultry to Australia, Trade Me Group reported stronger annual revenue and investors cheered Spark New Zealand’s promise of further special dividends … Read more »

New regional private equity fund attracts over $30 million

Press Release – Oriens Capital

New regional private equity fund Oriens Capital attracts over $30 million ahead of first close Read more »

Dreams of a Guilt Free Retirement Go Up In Smoke

Press Release – Hapai Te Hauora

18 August 2016 Hpai Te Hauora are stunned by the latest news that community members have been unwittingly investing their KiwiSaver into companies that deal in death and destruction. We run the National Tobacco Control Advocacy service and our … Read more »

Default KiwiSaver providers should be reviewed

Press Release – New Zealand Labour Party

The investments of the default KiwiSaver providers should be reviewed to make sure they are in line with New Zealanders values and expectations, says Labours Finance spokesperson Grant Robertson. Read more »

Squirrel Money to launch a secondary market for investors

Press Release – Squirrel Money

The Squirrel offer will be the first peer-to-peer secondary market available in New Zealand. Read more »

Breathe Financial Launches New Mortgage Brokerage

Press Release – Breathe Financial

( Breathe Financial Mortgages announced today that it is giving away a trip for 2 to Paris France to celebrate the opening of their new Mortgage Brokerage. Read more »

HiFX Morning Update. August 18 2016

Press Release – HiFX

The NZDUSD opens at 0.7242 (mid-rate) this morning. After initially rallying following the release of the FOMC meeting minutes the USD has retraced the move and now sits at levels seen just before the announcement. The key points of the minutes are listed … Read more »

Mortgage fraudsters sentenced to prison, home detention

Article – BusinessDesk

Aug. 17 (BusinessDesk) – Four people found guilty of mortgage fraud have been sentenced for scamming seven banks using forged documents and aliases in a $9.2 million scheme involving 11 Auckland properties between July 2007 and December 2010. Read more »

KiwiSaver: Keep a long-term focus

Press Release – Canstar

CANSTAR researches 138 KiwiSaver investment options across 20 KiwiSaver schemes to determine which funds are offering outstanding value for investors. Read more »

HiFX Morning Update, August 17 2016

Press Release – HiFX

The NZDUSD opens at 0.7272 (mid-rate) this morning. The latest GDT auction result has helped push the NZD higher against the majority of its major rivals. Fonterra’s GDT Price Index rose 12.7 percent, with an average selling price of $2,731 per tonne, … Read more »

Paymark almost trebles dividend to bank owners

Article – BusinessDesk

Aug. 16 (BusinessDesk) – Paymark, the EFTPOS terminal provider owned by the four major banks, increased its dividend by 178 percent to a total of $16.7 million in the year to the end of March 2016. Read more »

Sentiment about house-buying takes a hit

Press Release – ASB Bank

Nows not the time to be buying a house, according to the latest ASB Housing Confidence Survey. Read more »

Opus board welcomes Sam Knowles as director

Press Release – Opus

Opus International Consultants welcomes Sam Knowles as a director of the company from 17 August 2016 following the resignation of Fraser Whineray. Read more »

NZD little changed as traders look forward to dairy auction

Article – BusinessDesk

Aug. 15 (BusinessDesk) – The New Zealand dollar was little changed on a day that provided new information about the economy, kicking off a week that includes labour market data, the latest GlobalDairyTrade auction and the minutes of the last Federal … Read more »

IMF to vet financial systems

Press Release – New Zealand Government

A team from the International Monetary Fund (IMF) will arrive in New Zealandtomorrow to begin assessing the stability of the countrys banking and insurance sectors and financial markets, Finance Minister Bill English says. Read more »

FMA warns registered financial adviser

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) has warned an individual in relation to suspected misleading or deceptive conduct by a registered financial adviser. Following an investigation by the FMA, it concluded that the registered financial adviser had engaged in misleading … Read more »

Helping KiwiSaver members make better financial decisions

Press Release – Kiwi Wealth

A new initiative from Kiwi Wealth, the Financial Markets Authority (FMA), the Commission for Financial Capability, and the Ministry for Business Innovation and Employment (MBIE) is investigating behavioural interventions to encourage KiwiSaver members … Read more »

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