Ella Somers

ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates

ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates

Over 7,500 people made early KiwiSaver withdrawals in September, tapping into over $176 million for home ownership and financial hardship reasons

Over 7,500 people made early KiwiSaver withdrawals in September, tapping into over $176 million for home ownership and financial hardship reasons

Banking Ombudsman Scheme given 11 recommendations on how to improve dispute resolution in five-yearly review

Banking Ombudsman Scheme given 11 recommendations on how to improve dispute resolution in five-yearly review

ICNZ opposes UK-style flood reinsurance scheme for NZ, saying it could send the wrong signals

ICNZ opposes UK-style flood reinsurance scheme for NZ, saying it could send the wrong signals

Insurance representative bodies from New Zealand, Australia, Canada, and the UK urge their governments in a joint letter to collaborate with insurers in order to decrease natural hazard risk

Insurance representative bodies from New Zealand, Australia, Canada, and the UK urge their governments in a joint letter to collaborate with insurers in order to decrease natural hazard risk

Latest SEEK NZ employment report shows small decrease in job ads during September but a much bigger 29% year-on-year fall

Latest SEEK NZ employment report shows small decrease in job ads during September but a much bigger 29% year-on-year fall

AA Insurance reports $864.4 million in premiums for 2024, with annual profit nearly tripling to $108.2 million

AA Insurance reports $864.4 million in premiums for 2024, with annual profit nearly tripling to $108.2 million

ACC warns climate change could drive more injury claims as extreme weather risks rise, reveals $7.23 billion deficit for 2024

ACC warns climate change could drive more injury claims as extreme weather risks rise, reveals $7.23 billion deficit for 2024

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