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All current retirees are spending more than what they get in NZ Super. Photo / Getty Images

BUSINESS

Best of 2019: What you need for a comfortable retirement

2 Jan, 2020 1:33pm
4 minutes to read

All current retirees are spending more than what they get in NZ Super.

Fonterra reported its biggest ever loss this year. Photo / File

BUSINESS

NZ's biggest financial losses - what went wrong?

26 Dec, 2019 5:00am
5 minutes to read

The companies with the biggest financial losses have something in common.

Craigs Investment Partners is to become fully locally owned again. Photo / File

BUSINESS

Deutsche Bank sells out of NZ broker

20 Dec, 2019 11:48am
2 minutes to read

The bank has sold its stake in Craigs back to the New Zealand partners.

Antonia Watson has been acting ANZ New Zealand chief executive for the last six months. Photo / Supplied

BUSINESS

ANZ New Zealand appoints first NZ female CEO

18 Dec, 2019 9:53am
4 minutes to read

ANZ New Zealand has named its new chief executive after a six month process.

GenoaPay has signed a deal with Mastercard which will open up more retailers to buy-now-pay-later shoppers. Photo / Michael Cunningham

BUSINESS

Buy-now-pay-later operator to use Mastercard network

16 Dec, 2019 5:00am
4 minutes to read

Company sees massive opportunity to expand.

Sky TV has not impressed investors this year. Photo/Jason Oxenham.

BUSINESS

Continuous Disclosure: What made the naughty and nice list for investors in 2019

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

Experts share their best and worst moments of the year.

Westpac NZ Samoan employee Rudolf Laumatia helped come up with the idea to fundraise for Samoa. Photo/Jessica Satherley.

BUSINESS

Businesses urged to support Samoa floral shirt day fundraiser

13 Dec, 2019 3:08pm
2 minutes to read

Samoan bankers appeal for support for measles-struck island.

Credit card debt peaks every December. Photo/File.

BUSINESS

How long it takes Kiwis to pay off debt after Xmas

13 Dec, 2019 11:34am
4 minutes to read

We don't like the materialism of Christmas but one is four goes into debt to pay for it.

A report on ANZ has found it needs to improve its director attestation process. Photo / David Haxton

BUSINESS

Complacency found in ANZ director sign-offs

12 Dec, 2019 5:47pm
5 minutes to read

ANZ did not breach policies in selling a St Heliers house to the wife of its former CEO.

White Island tourism operators could face fines of up to $1.5 million if they are prosecuted over the tragedy. Photo / Auckland Rescue Helicopter

PREMIUM

White Island tour operators could face maximum fines of $1.5m if found liable

11 Dec, 2019 5:54pm
6 minutes to read

Waivers won't stop Worksafe from taking prosecution against tour operators.

Some of the money is owed to clubs or groups that may have since disbanded, says Kevin Pitfield of Baker Tilly Staples Rodway. Picture Supplied

BUSINESS

IRD's unclaimed $15m: Does the taxman owe you cash?

9 Dec, 2019 5:38pm
4 minutes to read

Would you forget about $300k?

BUSINESS

Business groups slam bank capital changes, urge more consultation

6 Dec, 2019 5:01am
5 minutes to read

Business groups warn small business and rural borrowers to be hit by higher bank capital.

Grant Ellis is the 2019 Chief Financial Officer of the year.

BUSINESS

Deloitte Top 200: Restaurant Brands' Grant Ellis - CFO of the Year

6 Dec, 2019 5:00am
9 minutes to read

Grant Ellis wins, with Phillippa Harford and Rob Hamilton as finalists.

Home loan borrowers could see high rates as the capital increase flows through the banks. Photo/file.

BUSINESS

Home loan interest rates set to rise off bank capital increase

5 Dec, 2019 5:55pm
4 minutes to read

Predictions of how much borrowers could be hit by bank capital increase.

Bank capital levels matter because it is what they can draw on if there is an unexpected financial disaster. Photo/Michael Craig.

BUSINESS

Explainer: Why Reserve Bank wants banks to hold more capital

5 Dec, 2019 5:40pm
3 minutes to read

What is tier 1 capital and why does it matter to the banks?

The banks have responded to capital changes announced by the Reserve Bank today. Photo/file.

BUSINESS

Banking industry warning: 'There will be an economic impact'

5 Dec, 2019 5:35pm
4 minutes to read

The banking industry has reacted to the Reserve Bank's final decision on capital changes.

Consumer Affairs Minister Kris Faafoi has announced a raft of changes to insurance contract law. Photo/Mark Mitchell.

BUSINESS

Insurance shake-up will put onus on providers

4 Dec, 2019 8:39am
3 minutes to read

Onus goes back on the insurers.

A woman who claimed to be Brydie Meinung convinced ANZ call centre staff to change the contact details on her accounts. Photo / Jason Dorday

BUSINESS

Fraudster couldn't pronounce name to bank, but still stole $25k

30 Nov, 2019 5:00am
7 minutes to read

How a fraudster managed to trick staff at New Zealand's largest bank.

The Reserve Bank is worried the property market could be heating up again.Photo/Michael Craig.

BUSINESS

RBNZ warns house lending risk may be on the rise

27 Nov, 2019 5:35pm
5 minutes to read

The Reserve Bank remains worried about the resilience of NZ's finance sector.

The Reserve Bank has assessed the home lending conditions as part of its financial stability report. Photo/Michael Craig.

BUSINESS

No relief for first-home buyers: Mortgage restrictions to continue

27 Nov, 2019 9:17am
3 minutes to read

The Reserve Bank has assessed its bank lending restrictions.

Remote access cold call scams involve a person calling a member of the public and convincing them to give them remote access to their computer. Photo/Martin Sykes.

BUSINESS

Scammers have 'discovered' NZ and consumers are easy targets

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

Scams are on the rise in New Zealand and consumers are the target.

Increased personal liability risk for directors is making some think twice about whether they want the job. Photo / Getty Images

BUSINESS

Company director shortage warning as fears of personal liability risk rises

22 Nov, 2019 1:00am
4 minutes to read

Higher risks and personal liability is putting more directors off the job.

Fraudsters are using New Zealanders to transfer money between bank accounts. Photo / 123RF.

BUSINESS

More than $7m of fraud attempts at NZ's largest bank

21 Nov, 2019 5:34pm
4 minutes to read

Are you unwittingly helping someone use your bank account to transfer crime money?

Saving a lump sum for retirement can be quite daunting. Photo/file.

BUSINESS

Worried about not having enough in retirement? Here's how to reduce the pressure

21 Nov, 2019 5:00am
5 minutes to read

Research shows there are ways to reduce how much you need to save for retirement.

Kiwis are underestimating how much interest they are getting on their savings. Photo/123RF.

BUSINESS

Think you are getting 3% interest on your savings? Try again

19 Nov, 2019 5:00am
4 minutes to read

Kiwis are saving but are not getting much bang for their buck.

Who is the highest paid of NZ's top bankers? Photo / 123RF

BUSINESS

Who is NZ's highest paid banker?

15 Nov, 2019 5:55pm
5 minutes to read

Which NZ bank boss got the biggest pay packet in 2019?

Vista Group is promising to deliver more information on its market after a disappointing annual result.

BUSINESS

Continuous Disclosure: Vista Group promises movie magic, A2 Milk in the spotlight, Mainfreight's hard yards

15 Nov, 2019 5:39pm
6 minutes to read

Market news and views

It is illegal for people to cold call to sell investment products in New Zealand. Photo / Dean Purcell

BUSINESS

Scammed investor: 'How could I be the fool to fall for this?'

13 Nov, 2019 5:41pm
5 minutes to read

"Greg"s story of losing money in an investment scam features in the Fraud Hurts film.

BUSINESS

Borrow up to $20k with no interest. But there's a catch

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

Payright founders Myles and Piers Redward see a gap in the New Zealand market.

A man says he expected his KiwiSaver man to be paid out on his 65th birthday. Photo / John Borren

BUSINESS

Retiree frustrated: KiwiSaver delays lead to $1500 shortfall

11 Nov, 2019 5:50pm
5 minutes to read

Man waited more than a month to get his money out after turning 65.

BNZ boss warns capital will get scarcer ahead of Reserve Bank's final decision on proposed capital increases for the banks. Photo / Kenny Rodger

BUSINESS

Bank boss' warning: 'Capital is going to get scarcer'

9 Nov, 2019 5:00am
6 minutes to read

BNZ and Westpac have both talked about the headwinds facing some dairy farm borrowers.

The NZX/S&P 50 is up 24 per cent in the nine months to September 30 helping boost KiwiSaver funds. Photo / Supplied

BUSINESS

KiwiSaver now worth more than $60 billion

8 Nov, 2019 5:38pm
3 minutes to read

KiwiSaver has been pushed higher by strong share markets.

Dr Susan Macken has decided not to seek reappointment for the chair role at Kiwibank. Photo/Paul Taylor.

BUSINESS

New chairman for Kiwibank

8 Nov, 2019 1:16pm
2 minutes to read

Changing of the guard at Kiwibank as new board chair appointed.

Angie Mentis, chief executive of the BNZ, will lose her bonus this year after a decision by the board of National Australia Bank. Photo / Supplied.

BUSINESS

BNZ bank boss won't get bonus or base pay rise

7 Nov, 2019 5:56pm
6 minutes to read

No bonus and no change to base pay for New Zealand bank boss.

BNZ has announced it full year profits today. Photo/Supplied.

BUSINESS

Another billion in the bank for BNZ

7 Nov, 2019 5:40pm
4 minutes to read

The BNZ has announced its full year profit.

BNZ has told its workers they will have six weeks annual leave from next year. Photo/Bevan Conley.

BUSINESS

BNZ boosts annual leave to six weeks for all staff

7 Nov, 2019 6:56am
3 minutes to read

Thousands of workers are set to benefit from a change to annual leave.

Auckland home-owners and rental property investors are less confident their property will provide the best return on investment over the next year. Photo / 123RF

BUSINESS

Auckland property gloom drives investor confidence to three-year low

7 Nov, 2019 5:00am
3 minutes to read

Why people think their investment returns are going to get worse.

BUSINESS

Google-backed ticketing business wins support from Kiwi charity

6 Nov, 2019 5:43pm
3 minutes to read

Growing ticketing business wins backing in New Zealand.

Former ANZ Bank boss David Hisco at his holiday home in Omaha Beach. Photo / Dean Purcell

BUSINESS

Former ANZ boss David Hisco misses out on $7.4m

4 Nov, 2019 3:55pm
3 minutes to read

The final pay packet for ANZ NZ boss David Hisco has been revealed.

David McLean, chief executive officer of Westpac New Zealand received a pay rise this year despite criticism of the banking sector by regulators. Photo/Jason Oxenham.

BUSINESS

Westpac boss pockets over $2.4 million

4 Nov, 2019 12:42pm
3 minutes to read

How much more did Westpac's David McLean get paid this year?

Westpac New Zealand has reported its 2019 full year financial result. Photo/David Haxton.

BUSINESS

Westpac cash profit hits $1 billion

4 Nov, 2019 10:03am
7 minutes to read

Westpac New Zealand has revealed its full year profit.

Philippe Schaus, chief executive of wine and liquor company Moet Hennessy. Photo/Dean Purcell.

BUSINESS

The interview: Philippe Schaus on why Kiwis love a taste of luxury

2 Nov, 2019 5:00am
8 minutes to read

When it the best time to drink champagne?

ANZ Bank New Zealand has faced a horror year. Photo / Lynda Feringa

BUSINESS

ANZ boss on what it's going to take to get over its horror year

1 Nov, 2019 5:58pm
5 minutes to read

Capital calculation problems, a chief executive departing in disgrace.

New Zealand On Air chief executive Jane Wrightson has been named as the new Retirement Commissioner. Photo/Supplied.

BUSINESS

NZ on Air chief named as new Retirement Commissioner

1 Nov, 2019 11:21am
3 minutes to read

The position has been vacant for four months.

ANZ New Zealand, the country's largest bank has reported its full year financial result. Photo/Steven McNicol.

BUSINESS

'Challenging year': ANZ profit slips 8% to $1.8 billion

31 Oct, 2019 5:41pm
5 minutes to read

New Zealand's largest bank has reported its full year result.

There are three insurers said to be involved in the fire damage to the New Zealand International Convention Centre at SkyCity. Photo / File

BUSINESS

The three insurance giants said to be backing SkyCity fire claim

30 Oct, 2019 5:53pm
4 minutes to read

American insurer Chubb is said to be the main insurer for the SkyCity fire.

Former Air New Zealand chief executive Christopher Luxon has been issued rights under the company's long term incentive plan. photo/Greg Bowker.

BUSINESS

Former Air NZ boss gets $2m parting gift

30 Oct, 2019 7:25am
2 minutes to read

Former Air NZ boss Christopher Luxon will be hoping the airline continues to perform well.

BUSINESS

Deloitte Top 200: What it takes to be a top CFO

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

What is takes to be a top notch chief financial officer.

Tom Hartmann, managing editor of the Sorted website, says a higher government subsidy could encourage more self-employed people to save in KiwiSaver. Photo / Supplied

BUSINESS

$2k a year KiwiSaver govt subsidy proposed to help self-employed save

29 Oct, 2019 5:44pm
3 minutes to read

What would it take to get more self-employed saving for retirement?

Is your KiwiSaver fund invested in coal-mining? Photos / Getty Images.

BUSINESS

Is your KiwiSaver fund fueling climate change?

25 Oct, 2019 6:00pm
4 minutes to read

How much money is your KiwiSaver fund investing in fossil fuel companies?

An analyst has hosed down earnings expectations for SkyCity Entertainment Group after this weeks fire. Photo/Jason Oxenham.

BUSINESS

Analyst hoses down SkyCity earnings, predicts 18 month delay for convention centre

25 Oct, 2019 5:53pm
3 minutes to read

An analyst has hosed down SkyCity's earnings on the back of the fire.

The insurer will be looking closely at what caused the fire at SkyCity's International Convention Centre. Photo/Alex Burton.

BUSINESS

SkyCity fire: Litigation likely, construction expert warns

24 Oct, 2019 5:43pm
5 minutes to read

The fire at SkyCity's new convention centre could see legal action arise.

Graeme Stephens, CEO of SkyCity Entertainment Group. Photo / File

BUSINESS

Titanic insurance claim looms for SkyCity's fire-ravaged convention centre

23 Oct, 2019 5:55pm
2 minutes to read

Global insurance broker advising SkyCity's international convention centre claim.

The FMA has shut down its website to get to the bottom of a privacy breach. Photo / 123RF

BUSINESS

FMA shuts down website after privacy breach revealed

23 Oct, 2019 5:44pm
3 minutes to read

The FMA has shut down its website to get to the bottom of a privacy breach.

Interim Retirement Commissioner Peter Cordtz says a proposal to convert KiwiSaver members to a KiwiSpend annuity has merit. Photo / Supplied

BUSINESS

Proposal to pay yourself an income of up to $12k a year in retirement

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

How could KiwiSaver be turned into an income in retirement?

BUSINESS

Mortgage war: Minnow takes on big banks with 3.39% rate

21 Oct, 2019 6:57am
3 minutes to read

SBS bank is taking on the big banks with a cut price home loan rate.

Kiwis have seen their KiwiSaver grow to over $57 billion in the last 12 years. Photo/John Borren.

BUSINESS

KiwiSaver - NZ's growing pool of wealth

19 Oct, 2019 4:13pm
6 minutes to read

KiwiSaver is worth over $57 billion and it's making Kiwis feel wealthier.

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.