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BUSINESS

Stealth tax - small biz owner slams IRD payday changes

13 Dec, 2018 11:01am
4 minutes to read

Small business owner slams IRD changes claims will make employers de facto tax-collectors.

Index-tracking funhds will have until December 21 to make changes to their portfolio if they wish.

BUSINESS

NZX index changes: Who's in and who's out?

13 Dec, 2018 5:26am
2 minutes to read

Which companies are in and out of the all important S&P/NZX-50 index?

The Downtown Car Park in Auckland City are about to increase their prices from January 2019. Photo/Dean Purcell

BUSINESS

Auckland council car park to skyrocket to $40 a day

12 Dec, 2018 8:26am
3 minutes to read

Commuters have paid $24 until now.

Going over your credit card limit can have a negative impact on your credit history and end up costing you when it comes to borrowing on a personal loan. Photo / 123RF

BUSINESS

How a poor credit score can cost you thousands

10 Dec, 2018 4:14pm
2 minutes to read

How to boost your credit score and pay less for loans.

A new shared-ownership home loan scheme is aimed at getting more first-home buyers into the market. Photo / Getty Images.

BUSINESS

Shared ownership home loans no silver bullet - brokers

10 Dec, 2018 3:52pm
5 minutes to read

Shared ownership will offer another option for home-buyers but it won't be for all.

More than half of over 60 year olds think they need to save more for retirement. Photo/John Borren.

BUSINESS

Kiwis unsure how much to save for retirement

10 Dec, 2018 7:43am
2 minutes to read

Kiwis think they need to save more for retirement but don't know how much.

Major tax overhaul at Inland Revenue has sting in tail. Photo / File

BUSINESS

115,000 Kiwis to get tax bill for first time

10 Dec, 2018 5:00am
5 minutes to read

More than 100,000 Kiwis to face a tax bill for the first time next year.

Equity research firm ShareClarity is launching a Pokeman Go style of augmented reality for listed companies. Photo/Andrew Warner.

BUSINESS

Share market research to go Pokemon-style

6 Dec, 2018 11:29am
2 minutes to read

An equity research firm is to use augmented reality to appeal to more millennials.

James Lee came up with the idea of beContento to help him focus on what he did have instead of what he didn't. Photo/Linkedin.

BUSINESS

Proof of ownership: Westpac app makes it easier to keep track of your stuff

6 Dec, 2018 7:14am
3 minutes to read

The app aims to assist Kiwis during insurance claims.

Around 10,000 BNZ customers are set to get a refund. Photo/File.

BUSINESS

BNZ paying back $3.8m to customers after errors

5 Dec, 2018 10:49am
2 minutes to read

Bank of New Zealand is to pay out $3.8 million for errors it made relating to loan docs.

Taavet Hinrikus, co-founder of TransferWise, plans to launch a debit card in New Zealand next year. Photo / Supplied

BUSINESS

Global money service launches multi-currency account

4 Dec, 2018 5:00am
4 minutes to read

How to bank like a local in London, Sydney or New York from New Zealand.

New Zealand Super will take from working poor and give to rich, researcher warns. Photo / Getty Images

BUSINESS

NZ Superannuation's reverse Robin Hood warning

4 Dec, 2018 5:00am
4 minutes to read

New Zealand Super will take money from working poor and give to rich, analyst warns.

Paysauce chief executive Asantha Wijeyeratne. Photo/Supplied.

BUSINESS

Payroll provider's ambitious growth plans

3 Dec, 2018 8:17am
3 minutes to read

PaySauce co-founder has big plans for soon to be listed payroll business.

BUSINESS

Female business owners less likely to seek insurance advice

2 Dec, 2018 2:00pm
3 minutes to read

Why women don't get advice on how to insure their business.

A public warning has been issued for a financial adviser who copied and pasted signatures. Photo / 123RF

BUSINESS

Financial adviser copied and pasted clients signatures

28 Nov, 2018 3:03pm
2 minutes to read

A public warning has been issued for a financial adviser who copied and pasted signatures.

Loosening bank lending restrictions may help first home buyers but it will depend on what banks do. Photo/Getty Images.

BUSINESS

Mortgage changes 'not guaranteed' to make a difference - analyst

28 Nov, 2018 11:27am
7 minutes to read

Easing on bank lending restrictions may not be magic solution home buyers are looking for.

Home lending restrictions are set to ease. Photo/Doug Sherring.

BUSINESS

Home-lending restrictions to ease from January

28 Nov, 2018 8:06am
5 minutes to read

Home lending restrictions are set to ease from January.

The Rugby World Cup next year in Japan is one of the trips still on offer for insurance teams. Photo / Getty Images

BUSINESS

Last hurrah for life insurance advisers

26 Nov, 2018 5:00am
4 minutes to read

Firms are cutting back on overseas jaunts for their team members after FMA call.

Kiwibank and NZ Post are heading in separate directions. Photo/Getty Images.

BUSINESS

200 jobs at risk as Kiwibank and NZ Post split - union

22 Nov, 2018 12:44pm
4 minutes to read

Kiwibank and NZ Post will no longer share the same shops in the future.

ASB will now also allow customers to open bank accounts by taking selfies. Photo/Getty Images.

BUSINESS

Second bank offers selfie account sign-ups

22 Nov, 2018 7:27am
2 minutes to read

Selfie identification means new customers don't need to go into a branch.

BUSINESS

CFO of the Year: Jon Raby of ASB

22 Nov, 2018 5:00am
7 minutes to read

Jon Raby knows how to make every dollar work hard.

Cigna New Zealand is to top up the pay of staff going on parental leave to full pay for 26 weeks plus another two weeks of family leave, and will continue making KiwiSaver contributions for up to a year. Photo / 123RF

BUSINESS

Insurer offers 28 weeks paid parental leave

19 Nov, 2018 2:55pm
4 minutes to read

Life insurer ramps up staff benefits as it takes over bank business.

An expert warns that clamping down on banks could push vulnerable people into debt cycles, in which they rely on finance companies. Photo / Getty Images

BUSINESS

Clampdown on banks could have unintended consequences - expert

18 Nov, 2018 4:00pm
4 minutes to read

Warning over uneven playing field for consumers in wake of bank incentive clampdowns.

BNZ managing director Angela Mentis had the highest statutory pay of the NZ bank bosses. Photo/Supplied.

BUSINESS

NZ's highest paid bank boss revealed

17 Nov, 2018 5:00am
4 minutes to read

New Bank of New Zealand CEO Angela Mentis has the highest statutory pay of the NZ banks.

Vodafone chief executive Jason Paris is lining up an IPO for 2020. Photo / File

BUSINESS

Stock Takes: Battle of the exchanges heats up

16 Nov, 2018 5:00am
6 minutes to read

The ASX is to step up a gear in its play for NZ companies by opening a local office.

Liam Mason, head of regulation at the Financial Markets Authority. Photo / Supplied

BUSINESS

Bank staff incentives 'high risk' - report

15 Nov, 2018 1:00pm
8 minutes to read

The way banks staff are being incentivised and poor controls is putting consumers at risk.

Record-low home-loan rates are prompting a flurry of calls to mortgage brokers and banks. Photo / Doug Sherring

BUSINESS

Should you break your mortgage to get a record-low home-loan rate?

14 Nov, 2018 1:23pm
3 minutes to read

A mortgage-rate war has broken out among the major banks.

BUSINESS

Scam victim: 'I felt like vomiting'

12 Nov, 2018 7:30pm
5 minutes to read

Consumers are being urged to "Stop and think" amid a rising tide of scams hitting NZ.

The son-in-law quickly spotted the tell-tale signs when he saw the scam - but it was too late. Photo/123RF.

BUSINESS

Man pulls father-in-law out of scam, family still loses $80K

12 Nov, 2018 11:39am
4 minutes to read

The son-in-law's actions came too late to stop the $80,000 from being stolen.

More people are raiding their KiwiSaver accounts for financial hardship reasons. Photo / File

BUSINESS

Kiwis struggling: KiwiSaver hardship withdrawals jump

12 Nov, 2018 8:26am
3 minutes to read

Rising housing costs may be to blame.

Tiffany Ryan, Westpac New Zealand head of financial crime and security, says people need to be vigilant to help prevent scams and fraud. Photo/Supplied.

BUSINESS

Revealed: Staggering sum Kiwis lose to fraud every year

12 Nov, 2018 7:30am
3 minutes to read

Have you been a scam victim? Research shows you are not alone.

BUSINESS

Business email compromise scams costing Kiwis $8000 a day

12 Nov, 2018 5:00am
4 minutes to read

Business email compromise scams are hitting Kiwis in the pocket by $8000 a day.

BUSINESS

Report: Fonterra has failed to deliver 'meaningful returns'

8 Nov, 2018 11:22am
2 minutes to read

The report says it is "critical" that the poor returns be addressed.

David Hisco, ANZ chief executive. Photo / Sarah Ivey

BUSINESS

ANZ just made $2b, so why did the Kiwi boss take a huge pay cut?

8 Nov, 2018 8:57am
3 minutes to read

How much did ANZ boss David Hisco receive in the last year?

Westpac boss and NZ Bankers' Association chairman David McLean called the recommendations

BUSINESS

Bank behaviour report 'a wake-up call', says Westpac boss

6 Nov, 2018 5:46am
5 minutes to read

Westpac CEO David McLean says the bank conduct report is a wake-up call for the industry.

BUSINESS

NZ banks 'on notice' says Govt

5 Nov, 2018 2:00pm
7 minutes to read

Banks need to do a better job of policing their staff, regulators say.

David McLean has announced the bank's full year profit. Photo / Brett Phibbs

BUSINESS

Another big bank profit: Westpac cracks $1 billion mark

5 Nov, 2018 9:35am
3 minutes to read

The bank has released its full-year results.

Analysts expect no horror stories from the New Zealand's banking sector review out today. Photo / 123rf

BUSINESS

NZ banks braced for judgment day: Does yours measure up?

5 Nov, 2018 5:00am
3 minutes to read

Analysts expect no horror stories from the New Zealand's banking sector review out today.

Kiwibank's new chief executive Steve Jurkovich says he wants to double the impact of the bank over the next five years. Photo/Doug Sherring.

BUSINESS

The interview: Big ambitions for the people's bank

3 Nov, 2018 5:00am
8 minutes to read

Steve Jurkovich talks about his plans to double the impact of Kiwibank in five years.

Angela Mentis, chief executive of the Bank of New Zealand. Photo/Supplied.

BUSINESS

BNZ profit cracks through $1b

1 Nov, 2018 10:22am
5 minutes to read

Bank of New Zealand has revealed a full year profit of over $1b - its second biggest.

KiwiSaver manager Sam Stubbs has hit out at ANZ's record-breaking near $2 billion profit. Photo / Janna Dixon

BUSINESS

ANZ's $1.98b profit bigger than these 8 Kiwi companies combined

1 Nov, 2018 5:00am
3 minutes to read

ANZ made around $416 of profit for every man, woman and child in NZ.

A man was forced to cancel his trip to Rarotonga after he had to give an urgent bone marrow transplant to his ill brother. Photo / Supplied

BUSINESS

Travel insurance most complained about product

31 Oct, 2018 2:42pm
4 minutes to read

Travel insurance was the most complained about product to a financial dispute scheme.

ANZ bank has reported its full year profit today. Photo/Christine McKay.

BUSINESS

ANZ's record profit just shy of $2b

31 Oct, 2018 9:14am
3 minutes to read

ANZ's full-year profit only narrowly missed the milestone.

Going on holiday resulted in some unusual travel insurance claims for some Kiwis. Photo/Getty images.

BUSINESS

Revealed: The weirdest insurance claims

29 Oct, 2018 1:28pm
2 minutes to read

A snake bite, gunpoint robbery and wheelchair accident among claims made to an insurer.

Would you be able to tell the real thing from the plant-based version? Photo/Supplied.

BUSINESS

It's Kiwi mince - only without the meat

29 Oct, 2018 11:00am
2 minutes to read

On the shelf, it would be difficult to tell the meat-free from the meaty version.

People using rented e-scooters may face a big bill if they have an accident and don't have contents insurance. Photo / Michael Craig.

BUSINESS

Revealed: The e-scooter rules being flouted (Yes, you need a driver's licence)

26 Oct, 2018 1:04pm
3 minutes to read

Drinking and scooting might seem a great idea - until you drive into a Maserati.

AMP's initial public offering will be one of the biggest to hit the local sharemarket in some time. Photo / File

BUSINESS

AMP NZ arm set to list on NZX

25 Oct, 2018 10:18am
3 minutes to read

Financial services firm plans to list its NZ wealth management and advice business.

Dr Claire Matthews, a KiwiSaver expert at Massey University says employers should have to continue to contribute to members who are over 65. Photo/Supplied

BUSINESS

Employers should have to pay KiwiSaver for over 65s - academic

24 Oct, 2018 2:19pm
3 minutes to read

Employers should have to continue paying KiwiSaver for over 65s, academic says.

ASB KiwiSaver customers lost access to their online accounts this morning. Photo/Doug Sherring.

BUSINESS

ASB's KiwiSaver customers hit by online outage

24 Oct, 2018 1:25pm
Quick Read

KiwiSaver customers of a major bank have been hit by an online outage.

Flooding in Edgecumbe last year has added to New Zealand's risk factor for insurance. Photo/Andrew Warner.

BUSINESS

'NZ second riskiest country for insurance': research

24 Oct, 2018 9:10am
3 minutes to read

NZ has been ranked the second riskiest country in a global insurance report.

A bill is proposing to increase the residency requirement from 10 to 20 years for New Zealand Superannuation. Photo / File

BUSINESS

Bill proposes 20 years residency to get NZ Super

22 Oct, 2018 5:30pm
2 minutes to read

Migrants may need to be resident in New Zealand for 20 years to get NZ Super.

A report on New Zealand's bank conduct is due on the same day as the Westpac full year result. Photo/Michael Cunningham.

BUSINESS

Bank conduct report release clashes with Westpac result

22 Oct, 2018 8:16am
3 minutes to read

Bank conduct report lined up to clash with Westpac result release.

Shayne Elliot, chief executive of Australia's ANZ bank was in New Zealand today to talk about lessons learned. Photo / File

BUSINESS

ANZ bank boss: 'We did lose our way'

21 Oct, 2018 8:51am
4 minutes to read

Kiwi Shayne Elliot admits the pressure he felt during the inquiry was heart-breaking.

The partial takeover offer for Restaurant Brands has come out of the blue. Photo / File

BUSINESS

Stock Takes: Takeovers coming fast and thick - who's next?

19 Oct, 2018 5:00am
4 minutes to read

Takeover bids are coming thick and fast but who could be next?

Financial Markets Authority chief Rob Everett. Photo / Supplied

BUSINESS

Banks won't be singled out in regulators' conduct report

18 Oct, 2018 3:04pm
2 minutes to read

Individual banks are unlikely to be named and shamed in a report on conduct due out soon.

Commerce Commissioner Anna Rawlings. Photo / supplied

BUSINESS

Debt collectors warned over misleading tactics

18 Oct, 2018 10:46am
3 minutes to read

Debt collectors have been put on notice by the Commerce Commission after complaints spike.

A new carbon fund will aim to give investors access to the asset class. Photo/Ross Setford

BUSINESS

New carbon investment fund to launch

15 Oct, 2018 12:59pm
3 minutes to read

Kiwis could soon be able undertake investment through a new carbon fund.

US stocks have been pummelled over the last two days. Photo/AP.

BUSINESS

NZX back in the black after rocky start

12 Oct, 2018 10:00am
3 minutes to read

The Kiwi market has followed the continued plunge of US stocks.

The latest round of losses hit banks and healthcare companies particularly hard. Photo/AP.

BUSINESS

NZX braces for another rough ride as US plunge continues

12 Oct, 2018 6:27am
6 minutes to read

The US market shed over 1,200 points in two days.

Investors are being urged not to panic after a fall in the markets today. Photo / 123RF

BUSINESS

Worried about the stock market? Here's why you shouldn't panic

11 Oct, 2018 2:46pm
3 minutes to read

Investors are being urged not to panic after a fall in the markets today.

Markets around the world have taken a hit. Photo/Getty Images.

BUSINESS

NZX slumps as US bloodbath overnight hits world markets

11 Oct, 2018 8:23am
7 minutes to read

The big tech stocks have been hit particularly hard.

Initial findings from the Oz Royal Commission into financial misconduct are due this week. Photo / File

BUSINESS

Banks under attack - what will Aussie scandal mean for NZ?

28 Sep, 2018 5:00am
10 minutes to read

Initial findings from the Oz Royal Commission into financial misconduct are due this week.