New Zealand's Latest Breaking News, Business, Sport, Weather, Entertainment, Politics

Latest FromTamsyn Parker

Michelle Embling, co-chair of Champions for Change and chair of PwC New Zealand, says there is still room for improvement when it comes to diversity. Photo/Doug Sherring.

BUSINESS

Just 18% of top company roles held by non-NZ Europeans

18 Oct, 2019 5:00am
4 minutes to read

Decisions are mainly be made by one ethnic group in New Zealand businesses.

Auckland's rising housing market has made it tough for first-home buyers. Photo / Mike Scott

BUSINESS

Should you be allowed to buy an investment property with KiwiSaver?

15 Oct, 2019 5:00am
5 minutes to read

What if you could live in Auckland but buy a house elsewhere with your KiwiSaver?

The deal could have a major impact on the fight for rights. Photo / File

BUSINESS

Sky's deal could lock other broadcasters out of rugby, analyst predicts

14 Oct, 2019 8:54am
3 minutes to read

What will the Sky TV deal mean for Spark?

Former Retirement Commissioner Diane Maxwell finished at the end of June, but a new commissioner has yet to be appointed. Photo / Supplied

BUSINESS

Still no new Retirement Commissioner - what gives?

8 Oct, 2019 5:54pm
5 minutes to read

The Government has yet to appoint a new Retirement Commissioner.

Kōura's research on under 45 year olds saving for retirement in KiwiSaver found they could have been $2.5 billion better off if they were in the right fund. Photo/123RF.

BUSINESS

Why saving the minimum in KiwiSaver is a bad idea

7 Oct, 2019 8:09am
4 minutes to read

The minimum 3 per cent contribution will be less than half of your income in retirement.

Around 70 per cent of users of by now pay later are women. Photo/Michael Cunningham.

BUSINESS

The rise of buy now pay later and the future of paying

5 Oct, 2019 5:00am
12 minutes to read

Could credit cards go out of fashion?

Bonus Bonds were established by the Crown in 1970 and sold to ANZ Bank in 1990. Photo / File

BUSINESS

Bonus Bonds: Ex-ANZ banker's terrible guilt

4 Oct, 2019 5:00am
4 minutes to read

ANZ says it does not give financial advice when it comes to Bonus Bonds.

An ANZ spokeswoman confirmed about 2000 customers were currently recorded as deceased on its Bonus Bonds register. Photo / File

BUSINESS

1.3 million Kiwis in Bonus Bonds - 2000 investors are dead

3 Oct, 2019 7:23pm
3 minutes to read

There are 1.3 million people who own Bonus Bonds. But how many of those are dead?

Sam Stubbs, managing director of KiwiSaver provider Simplicity, is now entering the mortgage market. Photo/Doug Sherring.

BUSINESS

The KiwiSaver provider offering home loans at 2.95%

3 Oct, 2019 5:00am
4 minutes to read

Simplicity is branching out into home loans.

The timing for the replacement of former ANZ New Zealand boss David Hisco will be known by year end. Photo/Sarah Ivey.

BUSINESS

When will ANZ get a new boss?

2 Oct, 2019 8:28am
2 minutes to read

Antonia Watson is the current acting chief executive.

More women KiwiSavers than men were concerned about investing in whaling operations. Photo / Getty

BUSINESS

KiwiSaver providers have 'ambiguous and inconsistent terminology' when on ethical investments

30 Sep, 2019 1:09pm
3 minutes to read

Green labelling system is needed to help people work out how ethical KiwiSaver funds are.

Bonus Bonds' investors forgo interest in the hopes of winning a monthly prize draw. Photo/Janna Dixon

BUSINESS

ANZ insider describes Bonus Bonds as massive 'rort,' watchdog reviewing

30 Sep, 2019 10:55am
6 minutes to read

ANZ earned more than $40 million in fees from Bonus Bonds in the last financial year.

Low deposit returns get savers searching for options. Photo / File

BUSINESS

Saver's dilemma: With tumbling interest rates where should I stash my cash?

30 Sep, 2019 5:00am
2 minutes to read

Falling deposit rates are forcing more savers to look for alternatives.

Angela Mentis, chief executive of the BNZ, says she was wrong about targets.

BUSINESS

'I was wrong' - BNZ boss on targets

28 Sep, 2019 8:00am
5 minutes to read

BNZ CEO's tips for women wanting to get to the top.

KiwiSaver fees have fallen on average this year. Photo / File

BUSINESS

KiwiSaver fees have fallen but so have returns for share-focused funds

26 Sep, 2019 12:38pm
2 minutes to read

Average KiwiSaver fees are down but so are returns.

NZX chief executive Mark Peterson said listed companies were under-selling themselves when it came to reporting on environmental and social measures. Photo/Dean Purcell.

BUSINESS

Most public companies failing to report on environmental impact

26 Sep, 2019 5:00am
3 minutes to read

Most public companies are reporting on gender balance but not impact on environment.

Conservation is one of the biggest areas of impact investment in New Zealand. Photo/Department of Conservation.

BUSINESS

Do good investment set to grow to $5.9b in next 5 years

25 Sep, 2019 6:05pm
4 minutes to read

Iwi and charitable trusts are leading the way on making impact investments.

BUSINESS

Insurer conducts survey. Discovers Kiwis' trust in insurers is falling

25 Sep, 2019 8:10am
3 minutes to read

Why trust in insurers and insurance brokers is on the decline.

Prime Minister Jacinda Ardern is seen as a great global cheerleader but a poor performer on the home front. Photo/Mark Mitchell

BUSINESS

Mood of the boardroom: How business rates the Govt

24 Sep, 2019 5:00am
4 minutes to read

Business leaders rate the Government's performance.

The Inland Revenue will send out more than a million letters this year to people who have paid the wrong tax on their KiwiSaver. Photo/GettyImages.

BUSINESS

IRD sending one million letters to Kiwis on wrong KiwiSaver tax rate

23 Sep, 2019 3:00pm
5 minutes to read

One million letters will go out to people in the wrong KiwiSaver tax rate this year.

New Zealand's financial watchdog is demanding better death reporting from life insurers. Photo / 123RF

BUSINESS

Life insurers accused of not keeping a close enough eye on deaths

23 Sep, 2019 5:00am
5 minutes to read

Regulator demands better death reporting from life insurers.

A panel of female executives said they did not support quotas. Photo / Getty Images

BUSINESS

No quotas needed say female finance leaders

22 Sep, 2019 4:30pm
4 minutes to read

Women say appointment by merit is more important than gender.

A woman says she has been left feeling angry over accountants' complaints process. Photo / 123RF

BUSINESS

The hair salon and lost money: Woman's anger over accountant 'secrecy'

20 Sep, 2019 5:42pm
4 minutes to read

A woman says she has been left feeling angry over accountants' complaints process.

A union is calling on banks to be obligated to report pay-gap figures. Photo / Getty Images

BUSINESS

Companies should be forced to report on gender pay gap - union

18 Sep, 2019 6:00pm
6 minutes to read

Union calls for compulsory gender pay gap reporting.

Westpac New Zealand chief executive David McLean says revealing its gender pay gap may result in a public backlash. Photo/Brett Phibbs.

BUSINESS

Westpac's whopping 30pc gender pay gap

18 Sep, 2019 5:00am
4 minutes to read

Westpac New Zealand has revealed plans to tackle its 30 per cent gender pay gap.

The home loan application process has been digitised by HSBC. Photo/Michael Craig.

BUSINESS

Would you apply for a home loan online?

16 Sep, 2019 2:00pm
4 minutes to read

NZ's small banks are using a fin-tech to allow them to compete with the majors.

ANZ had the highest number of complaints through the Banking Ombudsman scheme but is the biggest bank in the country. Photo / Dean Purcell

BUSINESS

Bank complaints rise more than 20pc to five-year high

16 Sep, 2019 5:00am
6 minutes to read

Which bank received the most complaints?

The NZX has struggled to attract initial public offers in recent years. Photo/Supplied.

BUSINESS

Continuous disclosure: Supply and demand issues out of kilter

13 Sep, 2019 7:00am
4 minutes to read

The Capital Markets 2029 report had a surprising focus.

A man tried to claim on his construction insurance policy after excavation work for the installation of a swimming pool went wrong. Photo/Getty Images.

BUSINESS

Auckland man's two-year battle with insurer over collapsed pool excavation

12 Sep, 2019 10:10am
3 minutes to read

A man thought his construction insurance would cover his pool project gone wrong.

Financial Markets Authority chief executive Rob Everett, left, and the Reserve Bank Governor Adrian Orr.

BUSINESS

Finance industry urged to change now or face legal clamp-down, regulator

12 Sep, 2019 5:00am
4 minutes to read

Regulator warns finance industry to step up now.

The Financial Services Council has proposed a number of changes to KiwiSaver. Photo/File.

BUSINESS

Employers should have to contribute to KiwiSaver even when staff don't; finance industry

11 Sep, 2019 5:00pm
3 minutes to read

The Financial Services Council has proposed changes to KiwiSaver.

More than half of couples don't talk about what they earn. Photo/file.

BUSINESS

Don't tell your partner how much you earn? You're not alone

9 Sep, 2019 5:00am
4 minutes to read

Why is money so hard to talk about?

The BNZ has had intermittent problems with its online banking services this week. Photo / File

BUSINESS

BNZ customers threaten to walk as online outage drags on

6 Sep, 2019 6:03pm
4 minutes to read

BNZ has had problems with its online banking services for five days in a row.

Cash Converters is deeply concerned that an interest rate cap on top of all the other protection measures will lead to financial exclusion. Photo/Ben Fraser

BUSINESS

Payday lenders to take hit from legal changes

6 Sep, 2019 5:54pm
4 minutes to read

Pay day lender interest rates will be capped under a proposed government law change.

Could artificial intelligence help increasing demands placed on directors. Photo / Getty Images

BUSINESS

Could company directors be replaced by artificial intelligence?

6 Sep, 2019 1:00am
4 minutes to read

Research shows boards need to change to adapt to greater workloads and higher risks.

Spotify has taken a different approach to paid parental leave. Photo/Chris Ratcliffe.

BUSINESS

The company offering six months' fully paid parental leave for dads

4 Sep, 2019 5:53pm
6 minutes to read

How one company has taken a different approach to new parents.

First home buyers are cutting the amount of eating out they are doing after getting a home loan. Photo/Rebecca Zephyr Thomas.

BUSINESS

What first home buyers are giving up for a mortgage

4 Sep, 2019 11:43am
3 minutes to read

What are first home buyers cutting out to pay for their home loan?

The forrestry industry were the slowest to pay bills on time in the June quarter, figures from illion show. Photo/Supplied.

BUSINESS

Big business tardy on paying bills an amber warning says economist

1 Sep, 2019 2:43pm
4 minutes to read

Big businesses are taking longer to pay their bills and it's worrying.

Donna Cooper, chief executive of TSB Bank, says the bank has something magic that makes it different to the big banks. Photo / Michael Craig

BUSINESS

The interview: Donna Cooper on taking on the Aussie banks

31 Aug, 2019 8:47am
10 minutes to read

How TSB boss Donna Cooper is taking on the big banks.

BUSINESS

Strong start for small biz lender Prospa

29 Aug, 2019 6:02pm
3 minutes to read

Small business lender Prospa is predicting the NZ market could be as big as $4b a year.

The front side of the Omaha property owned by former ANZ CEO David Hisco. Photo/Dean Purcell.

BUSINESS

What ex-ANZ boss paid for Sir John Key's holiday home

28 Aug, 2019 11:00am
6 minutes to read

New details revealed on Sir John Key's Omaha property sale to former ANZ boss David Hisco.

Varun Bhawnani will get to spend more time with his son Aaryan under QBE's new parental leave policy. Credit/Racheal Trail Photography.

BUSINESS

Insurer to give all new parents 12 weeks leave on full pay

27 Aug, 2019 12:00am
4 minutes to read

An insurer claims to be the first NZ employer to remove the primary caregiver restriction.

Kiwibank chief executive Steve Jurkovich has announced his second full-year result at the bank. Photo / Doug Sherring

BUSINESS

Kiwibank profit falls on fee reductions

23 Aug, 2019 10:39am
3 minutes to read

Kiwibank has revealed its full-year result.

Falling mortgage rates has seen a rise in complaints about break fees to the Banking Ombudsman. Photo/File.

BUSINESS

Bank mortgage break fee concerns on the rise

22 Aug, 2019 6:20pm
4 minutes to read

More people have contacted the Banking Ombudsman about mortgage break fees.

Air NZ is hoping that growth will come from a new service it will launch into Korean capital Seoul in November. Photo / AP

BUSINESS

Air New Zealand set for drop in growth

22 Aug, 2019 6:10pm
4 minutes to read

Air NZ - where to from here?

Lack of local experience forcing firms to look overseas or poach to fill roles - and pay big dollars to do so. Photo / 123RF

BUSINESS

Banks ramp up risk and regulation hires - but at a cost

20 Aug, 2019 5:00am
5 minutes to read

Top-level regulatory risk and governance specialists are commanding salaries up to $500k.

Kiwibank has slashed its one- and two-year fixed term home loan rates. Photo / Dean Taylor

BUSINESS

Mortgage wars: Home loan rates tumble - but not everyone wins

16 Aug, 2019 5:55pm
5 minutes to read

Banks have cut rates to new record lows.

Travel through Hong Kong airport has been disrupted for days. Photo / Bloomberg

BUSINESS

Insurers cut off cover for Kiwis travelling to Hong Kong

15 Aug, 2019 6:20pm
4 minutes to read

Travel insurers have a different cut-off date from when they will cover Hong Kong claims.

Mobile Shop was put into liquidation after it received a record fine for a truck shop. Photo/Doug Sherring

BUSINESS

A truck shop targeting families went bust. The liquidator says associates are still at it.

15 Aug, 2019 6:05pm
6 minutes to read

The liquidator of a mobile truck shop has had challenges trying to realise its assets.

BUSINESS

Thousands of businesses yet to meet IRD's payday filing change

15 Aug, 2019 5:00am
3 minutes to read

Some businesses are still struggling to meet payday filing requirements.

Investors of the failed Ross Asset Management scheme are taking a class action suit against the ANZ. Photo/Christine McKay.

BUSINESS

Ponzi investors given deadline to join case against ANZ

14 Aug, 2019 6:10pm
3 minutes to read

ANZ has denied the claims.

Anna Rawlings new chair of the Commerce Commission. Photo/Dean Purcell.

BUSINESS

Commerce Commission boss Anna Rawlings on making a fair playing field

10 Aug, 2019 9:05am
8 minutes to read

New chair of the Commerce Commission talks about what drives her.

ASB bank has beefed up its compliance and risk staff and says more will be hired. Photo / 123RF

BUSINESS

ASB ramps up compliance and risk staff numbers

8 Aug, 2019 6:10pm
4 minutes to read

ASB bank has beefed up its compliance and risk staff and says more will be hired.

ASB has dropped its two year fixed mortgage rate to a new low. Photo/Glenn Jeffrey.

BUSINESS

First bank cuts rates in wake of cash rate cut

8 Aug, 2019 2:53pm
2 minutes to read

ASB has moved to cut both its home loan and on call savings rates.

BUSINESS

AMP NZ wealth management arm up for sale

8 Aug, 2019 9:39am
4 minutes to read

AMP puts its New Zealand wealth management business back up for sale.

ASB chief executive Vittoria Shortt has announced her second full year result as the bank's boss. Photo/Doug Sherring.

BUSINESS

$1.275 billion bonanza - ASB's ninth record profit in a row

7 Aug, 2019 10:11am
3 minutes to read

ASB bank has announced its full year profit.

The parent companies of New Zealand's major banks continue to finance companies involved in nuclear weapons. Photo/Supplied.

BUSINESS

Is your bank funding nuclear weapon-makers?

3 Aug, 2019 2:00pm
7 minutes to read

Banks are funding nuclear weapon makers to the tune of more than $4 billion.

KiwiSaver funds had a strong run in the last quarter. Photo / 123RF NZH 28

BUSINESS

Strong markets help bolster KiwiSaver funds to $57b

1 Aug, 2019 7:57am
2 minutes to read

Strong markets across the board helped boost KiwiSaver funds.

The Kiwi dollar fell in reaction to the US Federal Reserve rate cut. Photo/Brett Phibbs.

BUSINESS

NZ dollar falls on US rate cut

1 Aug, 2019 7:11am
2 minutes to read

NZ dollar fell against the US this morning in reaction to the Federal Reserve rate cut.

Hayden Wilson, a partner at Kensington Swan, said its combination with Dentons would give the firm global reach. Photo/supplied.

BUSINESS

NZ law firm to join with global giant

31 Jul, 2019 7:45am
3 minutes to read

The deal will give Kensington Swan global reach.

Commonwealth Vault which trades in gold and silver bullion and is New Zealand's largest safe deposit box supplier has been warned over anti-money laundering law breaches. Photo/Duncan Chard.

BUSINESS

NZ's largest safe deposit box supplier has 'little regard for money laundering risks': regulator

29 Jul, 2019 5:59pm
4 minutes to read

Commonwealth Vault hit with warning but says it is taking steps to comply with rules

Investors in failed ponzi scheme Ross Asset Management have filed a legal claim against the ANZ bank. Photo / Steven McNicholl

BUSINESS

More ponzi investors jump on board legal claim against ANZ

29 Jul, 2019 3:30pm
4 minutes to read

More than half of eligible RAM investors have now signed up to the claim against ANZ bank.