Financial Tips & Guides
Berry said that New Zealand was an outlier when it came to gender equality at the board table, and unless New Zealand listed companies could demonstrate a commitment to gender equality at board level, they would be excluded from CareSaver investments.
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Simon O’Connor, chief executive of the RIAA, said the growth in responsible investment had slowed in the New Zealand market and was now moving towards cementing and maturing what was already in place.
Let’s have a look at the financial trends for this month, in New Zealand and all over the world. Globally this week finished on a high, with the S&P 500 rounding up at 4.4%, the best week after week gain in half a year. In Read More …
The simpler a person’s banking needs, the easier it is to switch bank, and it’s never been easier to do it. Kiwibank, which launched in 2001, fought a victorious battle to force its big Australian rivals to agree an industry standard to make switching easy.
BNZ’s Classic ‘specials’ require customers to have at least 20% equity in the property provided as security. (For residential property investors, more equity may be required where Reserve Bank minimum equity restrictions apply.) A BNZ transactional account with the customer’s salary or wages credited and Read More …
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Nearly a million Kiwis have paid too much tax on their investments including KiwiSaver – money that won’t be paid back. The Inland Revenue has updated figures and found 950,000 people were on a prescribed investor rate that was too high in the last tax Read More …
There’s also a serious problem with the terms of Hisco’s removal. He’s forfeited over $6m of ANZ equity, indicating the seriousness of the expense issues. Yet he gets $2m of salary and holiday pay. Why? Does that money belong to the shareholders?
You are not doomed to deposit accounts! Whether you have a small or a high income, we have identified several ways to invest in rewarding schemes this month. With the complexity and even the multiplicity of investment opportunities these days, making the right investment choices Read More …
The Government is allocating more funding to new initiatives in Budget 2019 than it planned to six months ago. It has set aside a net average of $3.8 billion per year for new operational spending over the next four years. Treasury’s Half Year Update, released Read More …
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The central bank released its six-monthly report on Financial Stability this morning and said while the New Zealand financial system remains resilient to economic risks it still had concerns. “Financial system risks remain elevated, and ongoing effort is necessary to bolster system soundness and efficiency,” Read More …