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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.

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'

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

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

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.

Tech entrepreneur Kristen Lunman has helped develop Hatch - an online platform for trading in US shares. Photo/Supplied.

BUSINESS

Why buying Apple shares just got easier for Kiwis

27 Sep, 2018 8:53am
2 minutes to read

A new online platform is set to make it cheaper and easier to buy US shares like Apple.

Sharesies chief executive Brooke Roberts says listing the company on the share market could be an option in the future. Photo / Supplied

BUSINESS

Sharemarket listing an option for investment start-up

23 Sep, 2018 2:30pm
2 minutes to read

Sharesies says a sharemarket listing could be on the cards in its future.

Travel insurers are urging people to declare pre-existing conditions before they go on holiday. Photo /123RF

BUSINESS

Travel insurers see spike in queries about pre-existing conditions

23 Sep, 2018 2:00pm
3 minutes to read

Travels insurers say they have seen a spike in queries after the Abby Hartley case.

Vegans can now choose an investment fund which matches their values. Photo / 123RF

BUSINESS

Vegan-friendly investment fund served up to Kiwis

21 Sep, 2018 5:41pm
2 minutes to read

Vegans can now choose an investment fund which matches their values.

Sir Michael Cullen says the government needs to take a heavier approach to regulating KiwiSaver fees. Photo/Doug Sherring.

BUSINESS

Father of KiwiSaver calls for tougher fee regulation

21 Sep, 2018 9:52am
2 minutes to read

Sir Michael Cullen says the government needs to take a tougher stance on KiwiSaver fees.

Air New Zealand chief executive Christopher Luxon sold 103,697 shares in the carrier. Photo / File

BUSINESS

Air NZ boss Christopher Luxon cashes in

21 Sep, 2018 5:00am
4 minutes to read

Christopher Luxon cashed in some shares this week.

More than 80 per cent of investors in a recent certain said that gambling was an area people wanted to avoid. Photo / file

BUSINESS

Kiwisaver: How to avoid animal cruelty, gambling and porn stocks

18 Sep, 2018 5:00am
3 minutes to read

Help is coming to allow people to match their values to their KiwiSaver fund.

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

17 Sep, 2018 11:43am
3 minutes to read

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

BUSINESS

Late payment as helpful as no insurance: Lessons from Canterbury

17 Sep, 2018 8:20am
5 minutes to read

Research shows that prompt payment was essential for quake-hit businesses.

Dying without a will can have major consequences for your surviving family members. Photo/123RF.

BUSINESS

Explained: What happens if you die without a will?

16 Sep, 2018 4:59pm
4 minutes to read

Data shows that few young people have a will.

BUSINESS

The interview: Susan Peterson

15 Sep, 2018 5:00am
8 minutes to read

Susan Peterson on why failures can be the best lessons.

Kevin Orth loads sandbags into cars on Milford St, Charleston, South Carolina as he helps residents prepare for Hurricane Florence. Photo / AP

BUSINESS

How Hurricane Florence could hit your insurance

14 Sep, 2018 7:07am
2 minutes to read

A hurricane about to hit the United States could have an impact on New Zealanders.

Andrew Barnes, managing director of Perpetual Guardian, is backing a payroll software company which wants to launch draw-down service. Photo / Jason Oxenham

TECHNOLOGY

Man behind four-day week offers alternative to payday loans

13 Sep, 2018 7:20am
2 minutes to read

Payroll software provider hopes to cut out payday lenders.

Finance Minister Grant Robertson says he is concerned some Kiwis are being priced out of the home insurance market. Photo / Mark Mitchell

BUSINESS

Insurance warning: 'People being priced out of the market'

12 Sep, 2018 5:38pm
3 minutes to read

Some Kiwis are being priced out of the house insurance market, finance minister warns.

The move will make it easier for companies to dual-list on the NZX and Nasdaq. Photo/Supplied.

BUSINESS

NZ stock market signs deal with Nasdaq

12 Sep, 2018 8:46am
2 minutes to read

The deal will make dual-listing on the NZX and Nasdaq easier.

Professional director Susan Peterson believes quotas maybe necessary to boost women on boards. Photo/Brett Phibbs.

BUSINESS

Susan Peterson: Quotas need to be considered

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

Top company director says quotas may be needed to get more women on boards.

Only 18% of top jobs in private sector taken by women. Photo / 123RF

BUSINESS

Corporate NZ lagging behind state sector for women in leadership

11 Sep, 2018 5:00am
4 minutes to read

Corporate New Zealand is lagging behind the public sector for women in leadership.

The move could help bring an end to the issue of transferring money to the wrong account. Photo / 123RF

BUSINESS

Kiwi banks to trial new technology to tackle errors and scams

10 Sep, 2018 8:58am
5 minutes to read

The move is an aim to crack down on transfer errors and scam artists.

Retirement Commissioner Diane Maxwell believes part of the problem rests in women's attitude towards money. Photo / Dean Purcell

BUSINESS

$4.41 an hour: How much more NZ men earn than women

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

Inequities in pay, motherhood, retirement and race. Why it's better and worse now.

BUSINESS

KiwiSaver funds should be investing more in NZ companies, says Finance Minister

9 Sep, 2018 6:00pm
4 minutes to read

Finance Minister Grant Robertson wants KiwiSaver funds to invest in NZ more.

Amazon became the second company to smash the US$1 trillion mark, a few weeks after Apple. Photo / AP

BUSINESS

Stock Takes: Who's the best of the trillion dollar stocks?

7 Sep, 2018 5:00am
4 minutes to read

Our take on the markets this week.

Rob Everett, chief executive of the Financial Markets Authority, says financial firms need to put their customers' needs ahead of shareholders' demands to regain trust. Photo/Richard Robinson.

BUSINESS

Finance firms face crisis of trust

6 Sep, 2018 12:33pm
3 minutes to read

Poor conduct in the financial services sector is driving a second wave of mistrust.

Rob Everett, chief executive of the Financial Markets Authority, welcomes the code. Photo / File

BUSINESS

Finance firms face $100k fine if they fail to put consumers first

5 Sep, 2018 5:33pm
5 minutes to read

Finance firms face a big fine if they don't put customers' interests first.

The Financial Markets Authority wants to ensure Kiwis don't make rash decisions in the event of a crash. Photo/123RF.

BUSINESS

What would you do if the market crashed? Take the test

3 Sep, 2018 10:29am
2 minutes to read

What would you do if your KiwiSaver balance fell sharply?

Too many New Zealanders failing to insure themselves against future hardship, warns retirement commissioner. Photo / 123RF

BUSINESS

Are you covered? Lax Kiwis ignoring risk of financial hardship

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

Warning over Kiwis lack of preparation for financial disasters.

Amanda Wilton-Skinner wants to remind people to make a will. Photo / NZ Herald Focus

BUSINESS

Widow's financial plight after husband killed without a will

2 Sep, 2018 8:24pm
3 minutes to read

A widow had to take in strangers to pay her mortgage. Made with funding from NZ On Air.

Whangarei's John Kennedy is warning shared driveway owners about an insurance hitch. Photo / John Stone

BUSINESS

The shared driveway insurance catch you need to know about

1 Sep, 2018 5:00am
4 minutes to read

A man has been left thousands of dollars out of pocket after being hit by a $5k excess.

Simplicity managing director Sam Stubbs says it has written to the regulator concerned about the difference in online KiwiSaver calculators. Photo/Doug Sherring.

BUSINESS

Nearly million dollar difference in KiwiSaver calculators

31 Aug, 2018 6:53am
3 minutes to read

A test of online KiwiSaver calculators has revealed a nearly million dollar difference.

Ayesha Scott, a senior lecturer in finance at Auckland University of Technology. Photo / Supplied

BUSINESS

Dollar fees fail to spark KiwiSaver switches

31 Aug, 2018 5:00am
5 minutes to read

Dollar figures for KiwiSaver fees have not prompted a raft of people to switch funds.

A man who injured his hand at work had his insurance claim rejected after he didn't disclose mental health. Photo / 123RF

BUSINESS

Hand injury claim rejected for failure to declare mental health issues

30 Aug, 2018 5:00am
3 minutes to read

Man turned down for insurance claim on hand injury after he didn't disclose mental health.

TVNZ chief executive Kevin Kenrick. Photo/Supplied.

BUSINESS

TVNZ gives staff $1000 bonus as profit jumps to $5.1m

24 Aug, 2018 3:29pm
3 minutes to read

Television New Zealand has declared a profit of $5.1m.

Kiwibank has announced its full year result. Photo/Paul Taylor.

BUSINESS

Failed IT project weighs on Kiwibank profit

24 Aug, 2018 1:01pm
3 minutes to read

Kiwibank says there won't be any more costs associated with its failed IT project.

Greg Boyed died suddenly this week while on a family holiday in Europe.

BUSINESS

TVNZ boss on Greg Boyed: 'It will bring us together more'

24 Aug, 2018 9:09am
3 minutes to read

TVZ boss Kevin Kenrick says it will be doing more to support its people.

A second Air New Zealand flight has been turned back to Auckland in the last week. Photo/Supplied.

BUSINESS

Second Air NZ flight turned back

24 Aug, 2018 6:54am
2 minutes to read

A second Air New Zealand flight has had to turn back in the last week.

BUSINESS

Hard sell at the bank - has it gone too far?

24 Aug, 2018 5:00am
11 minutes to read

Are bank staff really there to help customers - or just to sell?

John Patrick, a Hawkes Bay organic grape grower, was made bankrupt in the High Court at Napier yesterday. Photo / File

BUSINESS

Bankrupt farmer calls for NZ bank inquiry

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

A farmer says a Royal Commission would give people such as him a chance to have a say.

Spark team members talk with colleagues during a stand-up meeting where post-it notes are being used to show the progress of projects. Photo / Greg Bowker

BUSINESS

Stock Takes: The cost of Spark going agile

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

The cost of Spark's decision to convert its business to an "agile" model was revealed.

Piling up: New Zealanders now have more than $50 billion invested in KiwiSaver. Photo/File.

BUSINESS

KiwiSaver pot swells to $50 billion

20 Aug, 2018 7:17am
2 minutes to read

KiwiSaver hits another milestone.

Ross and Judy Charlton are $53k out of pocket after money they thought they were paying to their builder went to a scammer. Photo / Supplied

BUSINESS

Couple lose $53k in invoice scam over their dream home

18 Aug, 2018 7:50am
9 minutes to read

A couple have lost $53k after a payment to their home-builder went to a fraudster.

A survey has found just 31 per cent of people said they noticed their KiwiSaver fees were in a dollar format in annual statements this year. Photo/John Borren.

BUSINESS

Most Kiwis fail to notice KiwiSaver changes

16 Aug, 2018 10:08am
4 minutes to read

One in three people noticed their fees were in dollars on their KiwiSaver statement.

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.

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.