Ella Somers

Counterfeit cash on the rise in New Zealand as people struggle to recognise fake banknotes, warns Reserve Bank

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

Sharesies reports record $1.71 billion September quarter trading volume

Kiwibank follows Westpac, cuts its mortgage serviceability test rate after Reserve Bank OCR cut

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

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

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

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

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

New Zealand banks to launch Confirmation of Payee service for more secure payments by end of November, full rollout expected by Easter 2025

Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity

Banks start trimming, or thinking about cutting, their mortgage serviceability rates, opening the door to higher borrowing capacity

Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise

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

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

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

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

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

Early KiwiSaver withdrawals hit $183 million in August, marking third highest amount withdrawn this year because of financial hardship and home ownership demand

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

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

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

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

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%

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

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?

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

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

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

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

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