News

Hickey: The best bits of election reaction

11 November 2016

The best bits of election reaction that affect you... Tony Alexander suggests fixing for three years, downplays impact of Trump victory on NZ, the yuan falls to a six-year low. Interest.co.nz. More>

Milford sees positives in election

11 November 2016

"Our initial conclusion is that Trump’s election will have positive, as well as potentially negative, implications for sharemarkets and bond markets." Milford Asset Management. More>

Fintech businesses that will shape the way you use money

11 November 2016

All over the world, internet-enabled "fintech" businesses are eroding the market shares of companies delivering insurance, investments and other financial services in traditional ways. Stuff.co.nz. More>

FMA crack down on KiwiSaver providers

9 November 2016

The Financial Markets Authority (FMA) has warned about KiwiSaver providers against providing incentives that distract customers from making good switching decisions. More>

Reserve Bank is closing in on beefed up oversight regime

9 November 2016

RBNZ's Grant Spencer says new oversight regime will give regulators crisis management powers over systemically important financial market infrastructure providers. Interest.co.nz. More>

Lloyd's of London urges NZ Government for certainty

9 November 2016

Lloyd's of London urges the Government to remove some uncertainties from the NZ insurance market by getting on with the EQC Act review and making data breach reporting mandatory. Interest.co.nz. More>

Fidelity Life lifts annual profit

9 November 2016

Fidelity Life Assurance, the country's third-biggest life insurer, lifted annual profit 43% as it grabbed market share and benefited from the sale of a superannuation fund it managed. NBR. More>

FMA: You shoudn't need a "dummy's guide"

9 November 2016

New Zealand’s financial services sector shouldn’t require a “dummy’s guide” to regulation, the chief executive of the Financial Markets Authority told Workplace Savings New Zealand's annual conference. Goodreturns.co.nz. More>

Workplace Savings: September quarterly KiwiSaver report

7 November 2016

ANZ has again topped the table in Workplace Savings' Quarterly KiwiSaver Survey for both member numbers and funds under management. It is followed closely by ASB. More>

KPMG: big changes for insurance industry

7 November 2016

KPMG's analysts warn that it is only a matter of time before peer-to-peer insurance comes to New Zealand and the big insurance companies operating in the market find they have new competitors to deal with. Stuff.co.nz. More>