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 …
/arc-anglerfish-syd-prod-nzme.s3.amazonaws.com/public/C4DRJE2FCFBW3GQW3GZEU22JHA.jpg)
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 …
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.
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 …
Financial adviser Liz Koh said people would be able to knock down a mortgage more quickly this way. If you and your partner each earn $4000 after tax monthly, you could reduce the amount of your loan accruing interest by $8000 for many of the 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 …
/arc-anglerfish-syd-prod-nzme.s3.amazonaws.com/public/PCJBDFIJMVBXVIBCQDIROOCDZI.jpg)
One of the big problems is our children have less experience with cash than we did, says Hale. How many of us have our credit cards set up in the iTunes or PlayStation account and our young ones just need to click to make an Read More …