Public option for KiwiSaver will keep fees low

Press Release – Green Party

A public option for KiwiSaver will reduce fees, saving KiwiSavers tens of thousands of dollars over the lifetime of their investment, the Green Party said today. KiwiSaver research company Canstar released a report today showing KiwiSaver fees are rising … Read more »

NZ dollar slips as greenback gains on US rates expectations

Article – BusinessDesk

Sept. 10 (BusinessDesk) – The New Zealand dollar declined as investors gain confidence about a recovery in the US economy, increasing demand for the US dollar. Read more »

HarMoney launches with $100 million in capital funding

Article – BusinessDesk

Sept. 10 (BusinessDesk) – HarMoney, New Zealand’s only licensed peer-to-peer lender, said it has commitments for $100 million mainly from four investors it plans to lend to consumers with a sliding scale of interest based on their credit risk. Read more »

Loyalty NZ profit reaches record as kiwis chase Fly Buys

Article – BusinessDesk

Sept. 10 (BusinessDesk) – Loyalty New Zealand, which operates the Fly Buys loyalty programme used by companies including Air New Zealand, posted a 64 percent gain in annual profit to a record as more kiwis chased points offered by its vendors. Read more »

Liam Butler Interviews Alan Clarke

Press Release – ElderNet

Liam Butler Interviews Alan Clarke, Author of ‘The Great NZ Work, Money and Retirement puzzle’. Read more »

Get your finances into shape this Money Week

Press Release – www.sorted.org.nz

There will come a day when I can no longer do this. But today is not that day. There are lots of motivational quotes out there that get us heading to our workouts or out onto the pitch. Maybe its Just do it, Play your best game or … Read more »

Dorchester raises 2015 profit expectations on better trading

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Dorchester Pacific, the finance company which plans this month to make a takeover bid for vehicle auction company Turners Group, raised its forecast for annual profit on better-than-expected trading across its insurance and … Read more »

Hart’s Rank Group hires bankers to run packaging sales: FT

Article – BusinessDesk

Sept. 9 (BusinessDesk) – New Zealand billionaire Graeme Hart’s Rank Group has hired three investment banks to run separate sales of three units in his global packaging empire in what could generate some US$9 billion, according to a media report. Read more »

Labour will crack down on loan sharks

Press Release – New Zealand Labour Party

A Labour Government will crack down on predatory loan sharks by making it illegal both to charge exorbitant interest rates and to exploit uninformed borrowers, Labours Consumer Affairs Spokesperson Carol Beaumont says. Labour today released its Consumer … Read more »

Acurity lifts stake in Auckland endoscopy, laparoscopy firm

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Acurity Healthcare Group, whose major shareholders are seeking to take the company private, has lifted its stake in Endoscopy Auckland and Laparoscopy Auckland after exercising options for an undisclosed sum. Read more »

NZ dollar declines as US dollar advances on optimism

Article – BusinessDesk

Sept. 9 (BusinessDesk) – The New Zealand dollar fell to its lowest in more than five months as the US dollar gained strength on optimism about a US economic recovery which will push interest rates higher. Read more »

NZ dollar declines as US dollar advances on optimism

Article – BusinessDesk

Sept. 9 (BusinessDesk) – Veritas Investments, which owns the Mad Butcher franchise business, has bought upmarket grocery chain Nosh Food Market for $1.77 million. Read more »

NZ dollar seen weakening on central bank displeasure

Article – BusinessDesk

Sept. 8 (BusinessDesk) – The New Zealand dollar was little changed from New York on Friday and may fall amid speculation the Reserve Bank will use its monetary policy statement on Thursday to repeat that the currency in unjustifiably high, while trimming … Read more »

FMA talking investment risk for Money Week

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) today announced its plans for this year’s Money Week from October 13-19 2014. The FMA will be hosting a panel discussion to promote greater understanding of investment risk. Read more »

Notice of Offer of Same Class Financial Products for Issue

Press Release – Chatham Rock Phosphate

Chatham Rock Phosphate Limited ( Chatham Rock ) intends to undertake a pro-rata 2 for 17 renounceable rights offer for new ordinary shares in Chatham Rock ( New Shares ) to Chatham Rocks eligible shareholders (those on the share register on the record … Read more »

M&A market attractive to Baby Boomers

Press Release – KPMG

Embargoed until 6.00am Monday 8th September 2014 Market conditions are now ripe for Baby Boomers who are looking to sell their businesses, according to KPMG New Zealands latest M&A Predictor. Read more »

Heartland takes 10% stake in HarMoney for undisclosed sum

Article – BusinessDesk

Sept. 8 (BusinessDesk) – Heartland New Zealand has taken a 10 percent stake in peer-to-peer lender HarMoney for an undisclosed sum and will provide funding through New Zealand’s only licensed platform as it continues to diversify its finance options. Read more »

Modern piggy banks proving a smash

Press Release – ASB Bank

ASB has today shed some light on what Kiwis are tucking their pennies away for. As expected, our most popular priorities include children, overseas trips and Christmas. Read more »

NZ dollar gains after US jobs report misses expectations

Article – BusinessDesk

Sept. 8 (BusinessDesk) – The New Zealand dollar advanced after a US employment report printed weaker than expected, reviving expectations the Federal Reserve may keep interest rates at record lows for longer. Read more »

Blue Chip’s Bryers loses bid to dodge hearing in person

Article – BusinessDesk

Sep. 5 (BusinessDesk) – Former Blue Chip principal Mark Bryers has lost a bid to avoid appearing in person at a High Court hearing to discharge his bankruptcy, with the judge turning down his request to be examined via a video-link from Australia, … Read more »

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