Ella Somers
Latest articles
Counterfeit cash on the rise in New Zealand as people struggle to recognise fake banknotes, warns Reserve Bank
17th Oct 24, 7:35am
by Ella Somers
10
Counterfeit cash on the rise in New Zealand as people struggle to recognise fake banknotes, warns Reserve Bank
Sharesies reports record $1.71 billion September quarter trading volume
15th Oct 24, 2:06pm
by Ella Somers
2
Sharesies reports record $1.71 billion September quarter trading volume
[updated]
Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut
15th Oct 24, 9:30am
by Ella Somers
15
Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut
Dunedin flood results in 600 insurance claims so far, IAG NZ CEO Amanda Whiting says, and NZ needs to prioritise investing in natural hazard risk reduction and resilience
15th Oct 24, 5:00am
by Ella Somers
5
Dunedin flood results in 600 insurance claims so far, IAG NZ CEO Amanda Whiting says, and NZ needs to prioritise investing in natural hazard risk reduction and resilience
Financial Markets Authority finds KiwiSaver providers well-placed for commercial real estate risks but urges stronger risk management
14th Oct 24, 2:33pm
by Ella Somers
12
Financial Markets Authority finds KiwiSaver providers well-placed for commercial real estate risks but urges stronger risk management
Cardholders spent $8.6 billion and made 157 million transactions in September, but electronic card spending still ends the month flat
14th Oct 24, 12:34pm
by Ella Somers
24
Cardholders spent $8.6 billion and made 157 million transactions in September, but electronic card spending still ends the month flat
Statistics NZ says food prices rose 1.2% in September year, but fruit and vegetable prices fell 8.3% led by declining kūmara and potato prices
11th Oct 24, 12:29pm
by Ella Somers
5
Statistics NZ says food prices rose 1.2% in September year, but fruit and vegetable prices fell 8.3% led by declining kūmara and potato prices
New Zealand banks to launch Confirmation of Payee service for more secure payments by end of November, full rollout expected by Easter 2025
10th Oct 24, 11:42am
by Ella Somers
11
New Zealand banks to launch Confirmation of Payee service for more secure payments by end of November, full rollout expected by Easter 2025
[updated]
Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity
10th Oct 24, 9:02am
by Ella Somers
23
Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity
[updated]
Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise
8th Oct 24, 2:39pm
by Ella Somers
12
Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise
Sharesies says its KiwiSaver scheme which has 8,000 members and $230 million in funds under management will have access to US markets from December
8th Oct 24, 5:00am
by Ella Somers
11
Sharesies says its KiwiSaver scheme which has 8,000 members and $230 million in funds under management will have access to US markets from December
AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
7th Oct 24, 1:47pm
by Ella Somers
5
AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
Statistics NZ says the number of filled jobs rose in August after a four-month slump
4th Oct 24, 1:01pm
by Ella Somers
4
Statistics NZ says the number of filled jobs rose in August after a four-month slump
Xero sees 81% spike in late payment costs for NZ small businesses between 2021 and 2023, says big corporations aren’t making prompt payments
3rd Oct 24, 5:00am
by Ella Somers
3
Xero sees 81% spike in late payment costs for NZ small businesses between 2021 and 2023, says big corporations aren’t making prompt payments
Early KiwiSaver withdrawals hit $183 million in August, marking third highest amount withdrawn this year because of financial hardship and home ownership demand
2nd Oct 24, 1:17pm
by Ella Somers
Early KiwiSaver withdrawals hit $183 million in August, marking third highest amount withdrawn this year because of financial hardship and home ownership demand
[updated]
In its climate inquiry findings report, the Finance and Expenditure Committee says there needs to be clear mandates for climate adaptation funding and responsibilities in the Government’s future adaptation framework as there’s still ‘who pays’ uncertainty
1st Oct 24, 1:45pm
by Ella Somers
6
In its climate inquiry findings report, the Finance and Expenditure Committee says there needs to be clear mandates for climate adaptation funding and responsibilities in the Government’s future adaptation framework as there’s still ‘who pays’ uncertainty
[updated]
Commerce Commission declines merger application of the two Foodstuffs co-operatives, citing concerns around the merged entities having ‘greater buyer power’ and shrinking NZ’s grocery competition further
1st Oct 24, 10:07am
by Ella Somers
12
Commerce Commission declines merger application of the two Foodstuffs co-operatives, citing concerns around the merged entities having ‘greater buyer power’ and shrinking NZ’s grocery competition further
Construction sector faces rising number of liquidations as business credit defaults also climb across the industry according to credit bureau Centrix
1st Oct 24, 5:00am
by Ella Somers
13
Construction sector faces rising number of liquidations as business credit defaults also climb across the industry according to credit bureau Centrix
Southern Cross records annual deficit with claims up 15% and premiums up 9%
30th Sep 24, 12:46pm
by Ella Somers
8
Southern Cross records annual deficit with claims up 15% and premiums up 9%
Seek reports slowdown in annual advertised salary growth but says education and healthcare sectors lead increases in the annual salary department
30th Sep 24, 12:01am
by Ella Somers
6
Seek reports slowdown in annual advertised salary growth but says education and healthcare sectors lead increases in the annual salary department
How useful are home equity release products for asset rich but income poor retirees?
27th Sep 24, 9:41am
by Ella Somers
8
How useful are home equity release products for asset rich but income poor retirees?
Retirement Commissioner Jane Wrightson makes the case for cross-party consensus on stable retirement policies and cautions against raising pension age to 67
26th Sep 24, 1:23pm
by Ella Somers
78
Retirement Commissioner Jane Wrightson makes the case for cross-party consensus on stable retirement policies and cautions against raising pension age to 67
KiwiSaver faces growing pains in its 17th year as industry calls for changes to the system in order to boost retirement readiness and not leave people behind
25th Sep 24, 9:00am
by Ella Somers
58
KiwiSaver faces growing pains in its 17th year as industry calls for changes to the system in order to boost retirement readiness and not leave people behind
Investors becoming more comfortable with the long-term nature of KiwiSaver, Financial Markets Authority says
24th Sep 24, 9:42am
by Ella Somers
25
Investors becoming more comfortable with the long-term nature of KiwiSaver, Financial Markets Authority says
New research funded by Natural Hazard Commission finds volcanic ashfall could impact hundreds of thousands of North Island homes, driving need for damage forecast model
23rd Sep 24, 2:53pm
by Ella Somers
12
New research funded by Natural Hazard Commission finds volcanic ashfall could impact hundreds of thousands of North Island homes, driving need for damage forecast model