Financial Tips & Guides
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.
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 …
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 …
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 …
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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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.
Kiwibank already had a market-leading rate for five years, one that has been in the market now since March 27. In the subsequent almost-3 weeks, no other bank has matched that, a rate that is pitched far below any rival. So today it has raised Read More …
“While the Reserve Bank’s explicit mandate does not make reference to societal well-being, the social impacts of crises are a relevant consideration for society and society’s attitudes towards the risk of harm from crises that we seek to represent in our capital policy. The idea Read More …
In recent months, the finance of the world has been under scrutiny. America is trying to make investments to make sure that their prosperity grows. Over in the UK, Brexit is causing a government wrangling that has been going on for months. With these kinds Read More …
As of Monday, you are no longer limited to automatic contribution rates of 3 per cent, 4 per cent or 8 per cent of your pay. You now also have the option of 6 per cent or 10 per cent. But just because you can Read More …