Business Scoop


Views Sought On Debt Servicing Restrictions Framework

Press Release – The Reserve Bank of New Zealand

The Reserve Bank of New Zealand Te Ptea Matua is seeking feedback on the merits and design features of debt serviceability restrictions (DSRs) on residential mortgage lending. We are not proposing to implement debt serviceability restrictions … Read more »

We All Have A Role To Play In Calling Out Economic Harm

Press Release – NZ Bankers’ Association

If you see signs of economic harm among family and friends, its important to call it out. Thats a key message from the New Zealand Bankers Association, which is supporting the first Economic Harm Awareness Day in Aotearoa New Zealand … Read more »

Share Market Advice App, Stockfox, Partners With Share Portfolio Tracking Platform Sharesight

Press Release – Stockfox

Recently launched share market investment advice app, Stockfox, is pleased to announce it has formed a partnership with leading share portfolio tracker, Sharesight. This will enable investors to monitor and track the performance (and tax implications) … Read more »

Financial Support Agencies Join Forces To Encourage Safer Spending This Christmas

Press Release – Te Ara Ahunga Ora Retirement Commission

The impact on people facing hardship due to the ongoing lockdown has financial support agencies banding together to drive home the message – spend safely in the lead up to Christmas. National Strategy for Financial Capability partners Ng Tngata Microfinance, … Read more »

Māori Fintech Awarded International Security Certification

Press Release – BlinkPay

He iti hoki te mokoroa nna i kakati te kahikatea Blink Pay has been awarded ISO 27001 Security certification, making it the first Mori fintech to achieve this internationally recognised award. ISO 27001 is a comprehensive and widely recognised … Read more »

KiwiSaver Confidence Hits Record High As Kiwis Eye Up Their Investments

Press Release – ASB Bank

More New Zealanders have been seeking expert financial advice to help with their investments, and this is flowing through to confidence according to the latest ASB KiwiSaver Survey. For the three months to October, 32% of survey respondents ranked … Read more »

Auckland Retail Card Spending Bounces Back In Step Two

Press Release – BNZ

Bank of New Zealand (BNZ) card spending data released today shows one week of retail therapy at Alert Level 3 Step 2 has been enough to raise card spending in Auckland to levels greater than before the Delta lockdown. Data released today is for the … Read more »

Fraud Awareness Week: Ask Banks How They Can Support Banking For Older People And Protect Against Financial Abuse

Press Release – Banking Ombudsman Scheme

After $60,000 was stolen from a very elderly man by his trusted carer, the Banking Ombudsman says to ask banks what they can do to support the banking needs of older friends and whnau. Sid*, who was very elderly and had limited mobility, … Read more »

Ecommerce Continues To Be A Shot In The Arm For The Economy

Press Release – BNZ

Bank of New Zealand (BNZ) card spending data released today shows that the downturn in spending during the Delta lockdown was less extreme than during the nationwide lockdown in 2020, although the recovery is more drawn out. BNZ Chief Economist, Paul … Read more »

More Kiwis Now Able To Live The Retirement They Deserve

Press Release – Heartland

Heartland Bank has increased the maximum loan-to-value ratio (LVR) on its Reverse Mortgage product. This is the biggest change to reverse mortgage criteria since Heartland introduced a monthly advance feature in 2017 and the first time the limits have been … Read more »

FMA Publishes Implementation Approach For Climate-related Disclosure Regime

Press Release – Financial Markets Authority

The Financial Markets Authority (FMA) – Te Mana Ttai Hokohoko has published its implementation approach for the Financial Sector (Climate-related Disclosures and Other Matters) Amendment Bill ( CRD Bill ). The document outlines the FMAs approach … Read more »

ASA Releases New Financial Advertising Code

Press Release – Advertising Standards Authority

The Advertising Standards Authority (ASA) has adopted a new Financial Advertising Code following a routine review. The new Code replaces the Code for Financial Advertising and will be effective from 1 March 2022 for new financial advertising, and 1 June … Read more »

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