News

S&P increases capital risk weightings for NZ banks due to increased risk of 'sharp correction in property prices'.

24 August 2016

International credit rating agency S&P Global Ratings has warned of the increasing risks facing New Zealand banks as a result of the continuing rise in house prices.  More>

KiwiSaver boss calls for ethics review

24 August 2016

The founder of new low cost KiwiSaver provider Simplicity has called on the industry to work together to jointly adopt the ethical investment policies of the NZ Superannuation Fund, in the wake of revelations that some major funds are invested in weapons and tobacco companies. More> 

How Auckland house flipping can be used to rort the RBNZ restrictions on high LVR mortgages

24 August 2016

Flipping is seeing property buyers game the Reserve Bank’s loan-to-value ratio (LVR) restrictions on bank mortgages.More> 

Call for KiwiSaver to follow Super Fund on ethical investing

23 August 2016

New Zealand's newest KiwiSaver provider is calling on the rest of the industry to adopt standard responsible investing protocols. More>

Why we're wrong to blame immigrants for our sputtering economies

23 August 2016

Immigrants have become a major scapegoat in recent years for sputtering Western economies. More>

Client interests: first, best or last?

21 August 2016

Imagine you’re seeing your doctor or lawyer and they tell you “just so we are clear, my duty is to put your interests first… but I won’t necessarily be acting in your best interests.” How would you feel? Comforted and relieved? Or surprised and confused? In this commentary Pathefinder Asset Management's John Berry looks at a financial adviser’s duty to place the interests of the client first (but not to act in the client’s best interests). What does this mean? Is it what clients expect? More> 

Life on NZ Super is hard, but it is getting easier

21 August 2016

Each year that passes NZ Super is clawing its way closer to providing enough to live a "no frills" lifestyle.
In the next few weeks Massey University's Financial Education Centre will release the 2016 Retirement Expenditure Guidelines report.
Its author, Claire Matthews, created it to reveal the adequacy of the universal state pension, which is the bedrock of retirement income.
NZsuper, retirement, superannuation, KiwiSaver, Massey

Each year that passes NZ Super is clawing its way closer to providing enough to live a "no frills" lifestyle. In the next few weeks Massey University's Financial Education Centre will release the 2016 Retirement Expenditure Guidelines report.  Its author, Claire Matthews, created it to reveal the adequacy of the universal state pension, which is the bedrock of retirement income.  More>

KiwiSaver fees become point of contention for providers, academics

20 August 2016

KiwiSaver providers are hitting back at increased scrutiny of the fees they charge their members, but Commission for Financial Capability spokesman David Boyle says anything that gets people thinking about their KiwiSaver accounts should be welcomed.  More>

Be part of Money Week

19 August 2016

With just two weeks to go until Money Week, The Commission for Financial Capability is calling for partners to list events related to money and planning for the future.  Money Week will take place this year from 5 - 11 September. During the week there will be a range of activities, events, workshops and seminars as well information to help you build financial capability.  List your event or find out more.

Diane Maxwell on making NZ Super sustainable

19 August 2016

The Retirement Commissioner warns New Zealand Superannuation isn’t sustainable in its current form, so we need to prepare for change. Diane Maxwell says it’s inevitable the period of time you need to have lived in New Zealand to receive Super, as well as the age of eligibility, will need to be pushed out.