Financial Tips & Guides
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Around three million New Zealanders belong to KiwiSaver and have more than $76 billion invested in the scheme. Last year’s annual KiwiSaver report by the FMA found Kiwis paid $538.9 million in fees in the year to March 31, 2020 – up 12.3 per cent Read More …
Neill Bryce is shocked at how easily a crook stole his identity to take out loans in his name. The electronics developer from Lower Hutt found out someone had opened a Humm buy now, pay later account in his name when a debt collector contacted Read More …
ASB’s dramatic mortgage rate hike for one and two year fixed terms is accompanied by some term deposit rate changes too, all increases as well. Banks have been tweaking their term deposit rates in a minor way for the past few months. But with them Read More …
An air of hype habitually surrounds the founders of startups and their venture-capital backers: everyone is an evangelist for their latest project. But even allowing for that zeal, something astonishing is going on in fintech. Much more money is pouring into it than usual.
The FMA’s annual investor confidence survey shows 72% of investors are confident in the country’s financial markets. That’s up from 66% last year, and is the highest since the survey began in 2013. Although the types of investments NZ investors hold hasn’t changed much over Read More …
Westpac is to sell its life insurance company to locally-owned insurer Fidelity Life. The Australian-owned bank announced last month that it had decided not to sell its entire New Zealand banking operation. However, it has now announced to the ASX and NZX sharemarkets that it Read More …
ANZ NZ’s managing director of personal banking, Ben Kelleher, said: “Lending for apartments does carry more risk than for other property, and we’ll still need a higher, 50% deposit for smaller apartments below 38m² and other, non-standard apartments like leasehold or studio apartments. “Higher risks Read More …
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The Financial Markets Authority has released a guide on talking about money online aimed at social media influencers as well as tips for consumers who may come across people providing financial commentary online. Rob Everett, FMA chief executive, said it was fine to talk about Read More …
A job – any job – is generally thought of as better than no job at all. Consequently, low-paid work is often considered a “stepping stone” to a higher-paid job. But how easily do low-paid workers climb up the pay scale, really? Our new research Read More …
The concept of a test rate is that when considering home loan applications, banks calculate the ability of the borrower to repay the loan at a higher interest rate than current rates. Thus the lender looks to satisfy themselves that the borrower could maintain their Read More …