Southerners pay debts quickest
There was an unexplained link between how far you live from the equator, and how fast you pay your bills, said Simon Bligh, chief executive of credit reporting company Illion.
Final RBNZ bank capital decisions likely in November, with new rules from next April
This news comes after the deadline for submissions on the Reserve Bank’s proposals to increase banks’ regulatory capital requirements closed on Friday, as the biggest review of New Zealand banks’ capital requirements ever undertaken nears its conclusion.
How much makes you rich?
To millennials, it’s an average personal net worth of US$1.9 million (NZ$2.9 million), according to Charles Schwab’s 2019 Modern Wealth Survey, which polled 1000 Americans about money. This nearly US$2m target number is roughly 20 times the median net worth of US households – US$97,300, Read More …
This Month In Finance
Between filing your tax returns and working with your business bookkeeper to tidy up the financial year, there might not be a lot of time to see what else is happening globally in the financial department. That’s why we’ve put together some of the big Read More …
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Insurer plans to cut AMI branch numbers
The move by IAG – New Zealand’s largest insurer – comes as it plans to introduce risk-based pricing which could see customers who live in areas prone to natural disasters and severe weather pay more for home insurance in a progressive roll-out from July 1.
Get your free money
Fancy some free money? It’s not every day you get a question like that. Here are three ways to get a bit of cash for nothing.
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Warning over ‘tax refunds’ appearing in Kiwi accounts
Jason Topp of SMYD Chartered Accountants, posted a message on Facebook after he was contacted by a client questioning why they had suddenly received a refund from the Inland Revenue. “He said: “I’ve had some money come into my account, do you know what it Read More …
Lines drawn in ratepayer vs property owner liability battle
Ratepayers have been lumped with this bill because New Zealand uses ‘joint and several liability’ to allocate liability when multiple parties are responsible for the same loss. This means a claimant can recover damages from any or all of the parties that caused the loss. Read More …
Banks still pressure customers
Consumer NZ’s latest banking survey found, despite increasing scrutiny on the sales pressure on bank staff, 20 per cent of bank customers had been offered financial products they didn’t request and, in many cases, didn’t want.
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Speed dating for first-home buyers comes to Auckland
The Ponsonby event this Wednesday is being run by online startup, Miuwi, which says it acts like a dating service, linking home buyers so they can pool their money and buy houses in a shared-ownership deal.