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Ella Somers

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Member for

2 years 7 months

Latest articles

Retirement Commissioner Jane Wrightson says the Commission’s annual budget has remained unchanged since 2016 and the Commission will be using its financial reserves over the next four years to run the organisation
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Retirement Commissioner Jane Wrightson says the Commission’s annual budget has remained unchanged since 2016 and the Commission will be using its financial reserves over the next four years to run the organisation
Commerce and Consumer Affairs Minister Andrew Bayly wants the Commerce Commission and the Commerce Act better set up for the future
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Commerce and Consumer Affairs Minister Andrew Bayly wants the Commerce Commission and the Commerce Act better set up for the future
Southern Response expects to cut at least 15 roles by June 2025 as the Government insurer works out its future
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Southern Response expects to cut at least 15 roles by June 2025 as the Government insurer works out its future
Natural Hazards Commission says the current natural hazards insurance levy is ‘insufficient’ and would need to be 50% higher to break even
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Natural Hazards Commission says the current natural hazards insurance levy is ‘insufficient’ and would need to be 50% higher to break even
KiwiSaver and banking providers seen as fairer than insurers in new Financial Markets Authority survey which also finds drop in confidence in financial markets
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KiwiSaver and banking providers seen as fairer than insurers in new Financial Markets Authority survey which also finds drop in confidence in financial markets
Tower Insurance says the insurance industry is ‘particularly exposed’ to the financial consequences of climate change
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Tower Insurance says the insurance industry is ‘particularly exposed’ to the financial consequences of climate change
Record result for Tower Insurance following on from a ‘tough year’ as the insurer reveals big annual premium growth targets for the next three years
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Record result for Tower Insurance following on from a ‘tough year’ as the insurer reveals big annual premium growth targets for the next three years
Wise says costly bank fees are hindering international growth for NZ’s small businesses, with hidden FX charges a key issue
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Wise says costly bank fees are hindering international growth for NZ’s small businesses, with hidden FX charges a key issue
Tower Insurance’s premiums closes in on $600 million, CEO says insurance premiums will stablise as inflation comes down
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Tower Insurance’s premiums closes in on $600 million, CEO says insurance premiums will stablise as inflation comes down
Housing Minister Chris Bishop wants community housing providers to have ‘competitive neutrality’ with Kāinga Ora, describes the Reserve Bank’s capital requirements for social housing as ‘overcooked’
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Housing Minister Chris Bishop wants community housing providers to have ‘competitive neutrality’ with Kāinga Ora, describes the Reserve Bank’s capital requirements for social housing as ‘overcooked’
[updated]
Stats NZ figures show that seasonally adjusted retail sales by volume decreased by 0.1% in the September quarter, but the figures were down 2.8% on the volumes recorded for the same quarter in 2023
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Stats NZ figures show that seasonally adjusted retail sales by volume decreased by 0.1% in the September quarter, but the figures were down 2.8% on the volumes recorded for the same quarter in 2023
Early KiwiSaver withdrawals during October tick over $200 million for the first month ever
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Early KiwiSaver withdrawals during October tick over $200 million for the first month ever
The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
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The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
Bank CEOs urge balance between regulation and innovation amid 'regulatory congestion' concerns
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Bank CEOs urge balance between regulation and innovation amid 'regulatory congestion' concerns
[updated]
A better payments system is staring New Zealand in the face and it’s time for the country to ‘leapfrog’ into it, according to the RBNZ
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A better payments system is staring New Zealand in the face and it’s time for the country to ‘leapfrog’ into it, according to the RBNZ
SEEK NZ employment report says labour market remains ‘challenging’ as job ad volumes continue to decline
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SEEK NZ employment report says labour market remains ‘challenging’ as job ad volumes continue to decline
Letter from Judith Collins to Nicola Willis before the sinking of HMNZS Manawanui warned of risks associated with uninsured navy vessels
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Letter from Judith Collins to Nicola Willis before the sinking of HMNZS Manawanui warned of risks associated with uninsured navy vessels
The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
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The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
Tex Edwards says New Zealand is 15 years behind the rest of the world when it comes to open banking and Kiwibank isn’t the solution to NZ’s banking competition problems
Tex Edwards says New Zealand is 15 years behind the rest of the world when it comes to open banking and Kiwibank isn’t the solution to NZ’s banking competition problems
Almost $7 billion sweetens the pot of KiwiSaver funds under management during the September quarter
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Almost $7 billion sweetens the pot of KiwiSaver funds under management during the September quarter
After self-reporting, Quest Insurance Group cops RBNZ warning for failing to maintain its minimum non-life solvency margin and statutory fund for its life insurance business
After self-reporting, Quest Insurance Group cops RBNZ warning for failing to maintain its minimum non-life solvency margin and statutory fund for its life insurance business
Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
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Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
Statistics NZ says a third of employed people worked some time from home during a week it surveyed in the September quarter
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Statistics NZ says a third of employed people worked some time from home during a week it surveyed in the September quarter
New Auditor General report says councils need to have clear strategies for tackling climate change
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New Auditor General report says councils need to have clear strategies for tackling climate change
Reserve Bank’s latest financial stability report says risk-based insurance pricing is a continuing trend and high-risk properties may see further increases
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Reserve Bank’s latest financial stability report says risk-based insurance pricing is a continuing trend and high-risk properties may see further increases