KiwiSpend would see all KiwiSaver members defaulted into the scheme on reaching 65 with an option to opt out after taking financial advice. Those who stay in could receive up to $12,000 a year based on their savings and the amount would increase when a Read More …
MBIE officials are now working on policy advice for the Minister of Commerce and Consumer Affairs Kris Faafoi who could make an announcement as early as December. But what’s at stake and what does it all mean?
In TDR discussions, the provider acknowledged Doug’s connection and customer service issues. Doug confirmed he had old bills that the provider was entitled to require payment for. The two parties reached a mediated agreement.
Until about a week ago, wholesale swap rates had fallen to record low levels. But in the past week they have started rising, with the benchmark two year swap rate up nine basis points in that time. However since the start of October, this same rate is Read More …
The average fee charged for credit cards is 1.6 per cent but they can top 2 per cent. That compares to 0.8 per cent on average in Australia and 0.5 per cent in the United Kingdom.
The banking hubs will provide basic transactional services like cash withdrawals, deposits and account transfers. They will all have a multi-branded Smart ATM and online banking facility, along with a support person to provide guidance and assistance.
Managed funds, especially those that invest in shares, are riskier than having money in the bank but over the long-term (assuming that’s your savings timeframe for your kids) they should deliver a better return.
Socially responsible investing is the main driver for more than a third of New Zealanders and ranks in the top three considerations when investing for 88 per cent of people, according to a study by digital investing platform Hatch.
The biggest tell in it was about tax — there were heavy hints of a big tax in there. It’s no secret, but the exact nature will be part of their big election push next year.
This month in finance is quite an important one as the pending Brexit decision in Europe starts to make trade deals a top agenda for the world’s governments. The knock on effect to the world of finance is huge. Let’s now take a look at Read More …