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Open banking allows customers to access all their accounts in a single place. Photo/123RF.

BUSINESS

How 'open banking' could help you avoid overdraft fees

13 Aug, 2018 10:23am
4 minutes to read

UK open banking experience shows what is possible in New Zealand.

Why retirement isn't like one long holiday. Photo/Stephanie Holmes

BUSINESS

Why retirement isn't a holiday

12 Aug, 2018 3:30pm
4 minutes to read

Retirement isn't about having a big long holiday, says a Canadian expert visiting NZ.

Author Lucas Remmerswaal with his book inspired by rich lister Warren Buffet. Photo/Doug Sherring.

BUSINESS

Billionaire Warren Buffet backs Kiwi author's book

12 Aug, 2018 1:56pm
2 minutes to read

A Kiwi author has won the backing of American billionaire Warren Buffet.

After hitting the US$1 trillion mark, it still seems Apple to will continue to flourish. Photo / Getty Images

BUSINESS

Stock Takes: Is Apple still worth a bite?

10 Aug, 2018 5:00am
4 minutes to read

Has trillion dollar company Apple got too expensive for investors to have a bite?

Prime Minister Jacinda Ardern. Photo / Mark Mitchell

BUSINESS

Jacinda Ardern attempts to connect with business via LinkedIn

9 Aug, 2018 10:06am
2 minutes to read

Some have use her post as an opportunity to question the Government.

ASB bank has announced its first full year result under chief executive Vittoria Shortt. Photo/Doug Sherring.

BUSINESS

ASB bank ramps up fraud prevention plans

8 Aug, 2018 4:36pm
3 minutes to read

ASB bank has revealed its eighth record profit in a row.

ASB bank CEO Vittoria Shortt received nearly $3 million in remuneration in the year to June 30. Photo / Doug Sherring

BUSINESS

What ASB CEO earned last year

8 Aug, 2018 2:15pm
2 minutes to read

How much did the new ASB boss get paid in the last year?

Gone are the days when our cash society meant only the spender really knew about those regular cheeky beers at the pub. Photo/ Brett Phibbs.

BUSINESS

Comment | Got nothing to hide? Then hand over your bank statement

8 Aug, 2018 7:13am
2 minutes to read

COMMENT: A bank statement provides an uncomfortably accurate glimpse into who you are.

Dark clouds hanging over the New Zealand economy could be a good trigger for people to review their KiwiSaver fund. Photo/Paul Taylor.

BUSINESS

What to do with KiwiSaver in an economic downturn

6 Aug, 2018 4:27pm
3 minutes to read

Economic down-turn... what should you do with your KiwiSaver?

An Andrea Moore investor has complained to the Financial Markets Authority about a capital raising the company undertook 17 months before its collapse. Photo/Norrie Montgomery

BUSINESS

Andrea Moore investor complains to market watchdog

5 Aug, 2018 3:03pm
3 minutes to read

An investor has complained to the market watchdog about a capital raising by Andrea Moore.

Banks want more information about how much people are spending before they will loan them money. Photo / Getty Images

BUSINESS

Why you can't borrow as much as you thought to buy a house

2 Aug, 2018 6:57pm
5 minutes to read

Banks are asking for more details about people's spending habits before they lend money.

The number of million-dollar Auckland houses sold in the first half of this year is down on last year. Photo / Chris Loufte

BUSINESS

Million-dollar plus Auckland property sales fall

2 Aug, 2018 2:31pm
2 minutes to read

Million-dollar plus property sales have rise nationwide but are down in Auckland.

KiwiSaver funds bounced back into the black last quarter after having a rough start to the year. Photo / Steven McNicholl

BUSINESS

KiwiSaver funds bounce back into the black

30 Jul, 2018 7:40am
3 minutes to read

After a rough start to the year, performance is recovering.

Home buyers are being targeted in a real estate deposit scam. Photo / Doug Sherring

PROPERTY

Real estate body warns members of scam

27 Jul, 2018 4:20pm
4 minutes to read

Real estate agents and lawyers have been warned about a home deposit scam.

More than half of companies say staff turnover has risen in the last three years. Photo/Peter Dazeley.

BUSINESS

More than 340,000 Kiwi workers expected to quit job this year

27 Jul, 2018 6:43am
2 minutes to read

Bosses believe more than one in 10 workers will quit their job and move elsewhere.

ANZ, the country's largest bank, had the largest share of cases at 17 per cent. Photo / Dean Purcell.

BUSINESS

Which bank got the most complaints this year?

26 Jul, 2018 12:03pm
2 minutes to read

How many complaints had your bank had in the last year?

Home-buyers should be wary when paying deposits. Picture / file

BUSINESS

New scam targets home buyer deposits

26 Jul, 2018 9:00am
5 minutes to read

Home-buyers are being tricked into putting their money into scammers accounts.

Retirees are spending more than what they have coming in. Photo/123RF.

BUSINESS

Retirees spending more than what they get from NZ Super

26 Jul, 2018 5:00am
5 minutes to read

Nearly half of over 65s who are living a 'choices lifestyle' are still working.

Older workers feeling discriminated against may have better luck under govt proposals. Photo / File

BUSINESS

Over 50? Why employers don't want you

22 Jul, 2018 8:26am
8 minutes to read

Older workers feeling discriminated against may have better luck under govt proposals.

Don Meij, chief executive of Domino's Pizza Enterprises received the highest realised pay of the top ASX100 CEOs in 2017 earning A$36.8m ($40.4m). Photo/Brett Phibbs.

BUSINESS

Oz CEO pay hits record - Pizza boss gets most dough

17 Jul, 2018 12:00am
2 minutes to read

The pay of top ASX-listed companies has hit a record high.

People are automatically put in one of nine default KiwiSaver funds when they switch or start a new job and do not decide for themselves which fund to be in. File / Photo

BUSINESS

Over 400,000 KiwiSaver members missed out on $1b, warn advisers

16 Jul, 2018 5:55pm
6 minutes to read

Nine financial advisers call for changes to be made to the retirement savings scheme

Joanna Lawn, NZX head of issuer relationships, says getting new companies to list on the stock exchange has to be a team effort. Photo/Jason Oxenham.

BUSINESS

Joanna Lawn: The savvy deal maker breathing new life into the NZX

15 Jul, 2018 12:16pm
7 minutes to read

Joanna Lawn explains how she plans to breathe new life into the NZX.

Many workers go to work ill, despite not being nearly as productive when they're feeling unwell. Photo/123RF.

BUSINESS

Four in 10 Kiwis turn up to work while sick

14 Jul, 2018 4:59am
2 minutes to read

Kiwi workers are turning up sick and admit it has a big impact on productivity.

Research shows it could take seven years for first home buyers to save a deposit for Auckland but that pales in comparison to Calfornia's 37 years. Photo/ Brendon O'Hagan/Bloomberg.

PROPERTY

Think Auckland has it bad? Try 37 years to save a 20pc deposit

13 Jul, 2018 1:13pm
4 minutes to read

Housing affordability issues extend well beyond Kiwi borders.

AIA is planning to launch a new product that will offer cheaper insurance premiums to Kiwis who lead healthier lifestyles. Photo/123RF.

BUSINESS

Healthier lifestyle, lower premiums: Why Fitbits could soon give Kiwis cheaper insurance

13 Jul, 2018 1:04pm
5 minutes to read

Insurance juggernaut AIA has outlined significant expansions plans for NZ.

Rob Everett, head of New Zealand's Financial Markets Authority, believes Kiwis must drop the attitude that investing is only for the rich. Photo / 123RF

BUSINESS

Stock Takes: Investing not only for the rich

12 Jul, 2018 2:39pm
4 minutes to read

Our take on the markets this week.

Many Kiwis say they find the pressure of their jobs unmanageable. Photo/123RF.

BUSINESS

Workplace gloom: Kiwis feeling down about health and wellbeing

9 Jul, 2018 2:00pm
4 minutes to read

Why Kiwis are feeling gloomier about our health and well-being.

Westpac has rejected claims over its lending and says it has strong credit practices in place. Photo / File

BUSINESS

More bank workers come forward with concerns about customer loans

5 Jul, 2018 6:17pm
3 minutes to read

A second Westpac worker has come forward concerned about the way the bank lends.

A spokeswoman for Westpac said customer service representatives or tellers were not incentivised to sell customers products. Photo / Andrew Warner

BUSINESS

'Dreadful, unaffordable' loans being sold: Westpac worker

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

Westpac strongly denies the claims.

Donna Cooper will take over as chief executive of TSB Bank on July 23. Photo/Supplied.

BUSINESS

Third bank appoints female CEO

4 Jul, 2018 11:28am
2 minutes to read

A third bank has appointed a female boss.

Analysis of KiwiSaver shows the funds with the lowest fees don't always deliver the best results for investors. Photo/123RF.

BUSINESS

Cheaper is not better: Low KiwiSaver fees no guarantee for high returns

3 Jul, 2018 6:50am
2 minutes to read

Cheaper isn't always better when it comes to KiwiSaver.

BUSINESS

The big changes coming to KiwiSaver

2 Jul, 2018 5:34pm
2 minutes to read

More change ahead for KiwiSaver.

Banks are poised to freeze thousands of accounts of people who haven't responded to requests for information on their tax residency.Photo/Jeff Brass.

BUSINESS

Kiwi banks freeze hundreds of accounts in foreign tax crackdown

2 Jul, 2018 7:48am
4 minutes to read

Suddenly can't access your money? This could be why.

Just one in five New Zealanders invest directly in shares, research shows. Photo / AP

BUSINESS

Why Kiwis don't invest in shares

1 Jul, 2018 2:00pm
3 minutes to read

New Zealand's direct ownership of shares is low compared to other countries.

Nearly half of young Kiwis believe they won't own a home at retirement. Photo / 123RF

BUSINESS

Force us to save more, Kiwi millennials tell Government

1 Jul, 2018 10:00am
4 minutes to read

Nearly half of young Kiwis believe they won't own a home at retirement.

IAG whose brands include State Insurance, is to stop using sale targets to incentivise staff. Photo/Stuart Munro.

BUSINESS

Insurer IAG ditches staff sales targets

29 Jun, 2018 10:15am
3 minutes to read

New Zealand's largest insurer has ditched sales targets for its staff.

NZX said while it had committed to hiring an additional person, it disagreed with the conclusion of the regulator's report. Photo / File

BUSINESS

Stock Takes: NZX is warned over expertise

29 Jun, 2018 5:00am
5 minutes to read

Sharemarket operator will add experienced surveillance staffer after report.

Accountants say they are having problems using the Inland Revenue's online service. Photo/Janna Dixon.

BUSINESS

IRD says sorry for GST glitch

27 Jun, 2018 8:20am
5 minutes to read

Accountants say there are problems with the Inland Revenue's online system.

Bank workers say they are feel under pressure to sell products to the public. Photo/ NZME

BUSINESS

Sales pressure remains high, say bank workers

25 Jun, 2018 5:19pm
4 minutes to read

Pressure on bank staff to sell products remains high despite changes to incentives.

The extra funds could go a long way toward making your retirement more comfortable. Photo/123RF.

BUSINESS

Simple tweak could boost your KiwiSaver

15 Jun, 2018 11:14am
4 minutes to read

Leaving your KiwiSaver on the default setting is not the way to go.

Our take on the markets this week. Photo / Supplied

BUSINESS

Stock Takes: What the US Fed hike means for Kiwi investors

15 Jun, 2018 5:00am
5 minutes to read

Our take on the markets this week.

A man conjured up a variety of reasons why he needed a pensioner's money. Photo / Getty Images

BUSINESS

Why alarm bells rang for broker who picked up on $300k scam

14 Jun, 2018 5:31pm
3 minutes to read

A broker who spotted a scam says the signs were obvious to an outsider.

The framework of KiwiSaver could be used to create a bucket system where people's initial savings filled up their emergency fund before the money went into their KiwiSaver fund. Photo / Getty Images

BUSINESS

Emergency fund could help save Kiwis from debt

12 Jun, 2018 6:13pm
3 minutes to read

Study shows 44% of Kiwis had enough saved for one month or less if they lost their income.

An expert says more needs to be done to provide Kiwis with alternative lending options. Photo / 123RF

BUSINESS

Vulnerable Kiwis need alternate places to borrow money

12 Jun, 2018 4:09pm
6 minutes to read

An expert says more needs to be done to provide Kiwis with alternative lending options.

George Lawson, Alipay country manager for New Zealand and Australia. Photo/Supplied

BUSINESS

First Kiwi bank deal with Alipay smoothes way for Chinese payments

12 Jun, 2018 5:00am
3 minutes to read

BNZ's merchant customers are to get access to Chinese payment provider Alipay.

Reserve Bank governor Adrian Orr (pictured) and Financial Markets Authority chief executive Rob Everett have written to New Zealand's major banks. Photo / Dean Purcell

BUSINESS

Reserve Bank plans to crack down on bank boards

11 Jun, 2018 9:19pm
4 minutes to read

The Reserve Bank plans to crack down on bank board directors.

Just over 40 per cent of first-home buyers used KiwiSaver as a deposit last year, according to ANZ bank. Photo / Getty Images

BUSINESS

Amount first-home buyers take from KiwiSaver surges

11 Jun, 2018 5:00am
3 minutes to read

Amount people are taking out of KiwiSaver for a first home has doubled in five years.

New BNZ chief executive Angela Mentis says her passion for people is what gets her out of bed everyday. Photo/Jason Oxenham.

BUSINESS

The interview: BNZ boss Angela Mentis

9 Jun, 2018 5:00am
8 minutes to read

New BNZ boss Angela Mentis talks about why she is passionate about banking.

BUSINESS

CBL Insurance liquidation hearing delayed

7 Jun, 2018 10:33am
Quick Read

More delays for CBL Insurance hearing.

Maria Wilton, former Australian managing director of Templeton Investment Management. Photo/Supplied.

BUSINESS

'We've been a little bit naive': Lessons from the Aussie's financial services inquiry

6 Jun, 2018 8:01am
3 minutes to read

What the finance sector should learn from the Australian financial services inquiry.

Tthe government's Computer Emergency Response Team says it has received a record 506 reports on cyber security incidents in the first three months of this year. Photo / 123RF

BUSINESS

No refund for man who lost $1200 to credit-card fraud

4 Jun, 2018 3:52pm
5 minutes to read

Bank declined to refund fraudulent transactions after he didn't report them in time.

The Bank of New Zealand has received 35 complaints so far over its outage. Photo/Lin Ferguson.

BUSINESS

BNZ faces more than 30 claims after outage

1 Jun, 2018 7:10am
3 minutes to read

The bank has received more than 30 claims for financial loss so far.

Last year, Xero's chief executive Rod Drury sold three million shares pocketing $94.5 million. Photo / Mike Scott

BUSINESS

Stock Takes: When the boss sells out

1 Jun, 2018 6:00am
4 minutes to read

Our take on the markets this week.

Commerce Commissioner Anna Rawlings. Photo / File

BUSINESS

1 in 4 lenders may have breached law

31 May, 2018 2:50pm
2 minutes to read

One in four non-bank lenders may be in breach of the law, says Commerce Commission.

Home lending restrictions could be eased by the end of the year, according to one economist. Photo/Dean Purcell.

BUSINESS

Home lending restrictions tipped to ease

30 May, 2018 2:00pm
4 minutes to read

Lending restrictions could ease by the end of this year, according to one bank economist.

Adrian Orr, governor of the Reserve Bank, says it is in talks with some insurers over how much capital they have. Photo / Steven McNicholl

BUSINESS

Regulator worried about insurers' ability to handle another shock

30 May, 2018 9:17am
4 minutes to read

The Reserve Bank is talking to some insurers about their capital levels.

BNZ customers are waiting to hear how they might be compensated for a major outage on Saturday. Photo/Michael Craig.

BUSINESS

BNZ could do more to compensate customers: Consumer NZ

28 May, 2018 2:36pm
3 minutes to read

Customers of BNZ are waiting to hear details of compensation.

Alexandra Lipski, a lawyer with Russell McVeagh, who is passionate about getting young women to consider investing. Photo / Supplied

BUSINESS

Why are young New Zealand women not investing?

27 May, 2018 3:48pm
3 minutes to read

Regulator targets young females to look at KiwiSaver fees.

The April storm which cut power to many Auckland households has cost insurers more than $70m. Photo/Supplied.

BUSINESS

$173m and counting - the worst year for storms?

25 May, 2018 2:00pm
3 minutes to read

Insurers are counting the costs of the April storms which cut power to many Aucklanders.

Regulators are asking for a written response that outlined the actions the insurer had taken to identify and address conduct risk from the company's actions. Photo / Getty Images

BUSINESS

Prove yourselves clean: Ultimatum to NZ life insurers

24 May, 2018 4:22pm
3 minutes to read

Regulators are demanding a response by June 22.

Panel beaters are in high demand with the increased number of cars on the road leading more accidents. Photo/123RF.

BUSINESS

Auckland panel beaters tap into higher pay

24 May, 2018 3:00pm
4 minutes to read

NZ's largest insurer is to pay a higher hourly rate for panel beaters in Auckland.

The New Zealand economy is edging toward the mature side, according to Westpac. Photo/123RF.

BUSINESS

Economy now 'over the hill' says Westpac

24 May, 2018 6:47am
3 minutes to read

New Zealand's economy is past its prime according to Westpac economists.