News

New LVR rules expected to slow housing debt, which is growing at its fastest pace in more than eight years

3 October 2016

The level of housing debt taken on by Kiwis is growing at its fastest pace in more than eight years. New Zealanders' housing debt swelled by almost $2 billion in August - a 9.2% increase from August last year - according to the Reserve Bank’s monthly sector credit figures. More> 

Could your social media posts make insurance more expensive?

3 October 2016

Michael Naylor, a senior lecturer in finance and insurance at Massey University, says people should expect insurers to mine their social media accounts in the future to determine how much they will charge for insurance premiums and if they will pay out on claims. NZ Herald. More> 

Getting clarity on market manipulation

30 September 2016

Guidelines intended to provide brokers with more clarity on market manipulation are currently being worked on by the NZX, it has emerged at the Mark Warminger trial at the Auckland High Court. Goodreturns.co.nz. More> 

RBNZ to pay $140 million dividend from FX gains

30 September 2016

The Reserve Bank will pay a $140 million dividend to the government, using up some of the near $1 billion of investment gains built up from prior years. BusinessDesk. More> 

Booster KiwiSaver passable, Morningstar says

30 September 2016

Research house Morningstar has given faint praise to the KiwiSaver schemes operated by Grosvenor, now rebranded as Booster. The balanced fund, balanced growth, conservative fund, high-growth fund and default saver fund have all been given a neutral rating in the latest update. They were previously rated negative. Goodreturns.co.nz. More> 

Real Estate Agents Authority argues any person or business carrying out activity involving real estate agency work should be subject to anti-money laundering laws

30 September 2016

The Real Estate Agents Authority (REAA), an independent Crown Entity, says it is best placed to supervise the real estate sector for compliance with the Anti-Money Laundering and Financing of Terrorism Act (AML/CFT Act). Interest.co.nz. More> 

Brian Fallow: Climate change not just about carbon

30 September 2016

If you own a car or a truck, you pay a price on the carbon dioxide emissions from its exhaust pipe. But if you own cows or sheep, the emissions of methane when they belch or nitrous oxide when they urinate are exempt under the emissions trading scheme. NZ Herald. More> 

Kiwis 'drowning in housing debt', Labour says after Statistics NZ figures

30 September 2016

Older Kiwis owe more for second properties than for their own homes, revealing a generational gap on housing debts. Labour says the new figures, which reveal real estate loans make up 87 per cent of Kiwis' debts, show many are "mortgaging themselves to the hilt". Stuff.co.nz. More> 

KiwiSaver providers consider private investments

30 September 2016

"We believe these attributes taken together make the private company market in New Zealand an attractive place to look for compelling growth investment opportunities." Goodreturns.co.nz.  More> 

NZ Bankers' Association wants Govt, not banks, to cough up more money to help fund the FMA

30 September 2016

The NZ Bankers' Association wants Govt, not banks, to cough up more money to help fund the Financial Markets Authority. (Paid content) Interest.co.nz. More>