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Market News


Market News from the worlds top financial websites
Tue August 14, 18

The Ex-Files: What happens to your KiwiSaver in a divorce? - Tue August 14, 18 - NZHerald PersonalFinance
I'm 30 and separating from my partner of five years. So far, we have been able to agree on the details of the split ourselves. Is it true that our KiwiSavers need to be split between us? And how do you actually do this? I've chosen... more ...

Diana Clement: Beware of the badly behaving bank - Tue August 14, 18 - NZHerald PersonalFinance
Banks behaving badly have made front-page news over the ditch for the past few months. Australia's Banking Royal Commission found a wide range of appalling practices by the parent companies of Westpac, ASB, ANZ and BNZ. Although... more ...

'Power to cripple small business': SMEs paid average of 8.3 days late - Tue August 14, 18 - NZHerald PersonalFinance
Small businesses were paid an average of 8.3 days late in June, according to new insights from software company Xero.When broken down into the most common pay periods, data shows seven-day payment terms were paid 10.3 days late,... more ...

How 'open banking' could help you avoid overdraft fees - Tue August 14, 18 - NZHerald PersonalFinance
Combining all their financial data into one place is allowing people to avoid overdraft fees and get loans without a credit history in the United Kingdom, says an expert in open banking.Uttiyo Dasgupta, the head of strategy for... more ...
Sun August 12, 18

Warren Buffet backs Kiwi author's book - Sun August 12, 18 - NZHerald PersonalFinance
A Kiwi author has gained the backing of billionaire Warren Buffett for a new children's book which has taken him five years to write.Lucas Remmerswaal, a Whangarei-based author and former investment adviser, has spent the past 12... more ...

Why retirement isn't the long holiday you thought it would be - Sun August 12, 18 - NZHerald PersonalFinance
Think retirement is all about having one big long holiday and having enough money to splurge on cruising and European getaways?It's not, according to Canadian retirement expert Barry LaValley.LaValley, who is in the midst of... more ...
Sat August 11, 18

Credit trap that's crippling a generation - Sat August 11, 18 - NZHerald PersonalFinance
We've all done it.At some stage of our lives, all of us have overspent and found ourselves in debt. If we were lucky enough, the 'bank of Mum and Dad' bailed us out; if not, we paid the consequences.But many people in their 20s... more ...

Retirement Commissioner Diane Maxwell backs early access to KiwiSaver funds for Down Syndrome man Tim Fairhall - Sat August 11, 18 - NZHerald PersonalFinance
Retirement Commissioner Diane Maxwell says a woman's bid for her son - likely to die early because of Down syndrome - to access his KiwiSaver funds for his dream holiday cannot be put in the "too hard basket". Tim Fairhall is 39... more ...
Fri August 10, 18

Mother angry her Down syndrome son denied access to KiwiSaver - Fri August 10, 18 - NZHerald PersonalFinance
A mother is angry her son, who has Down syndrome, isn't able to access his KiwiSaver retirement savings before his likely premature death to fund the dream of a lifetime and visit his brother in Italy. Tim Fairhall is 39 and by... more ...
Wed August 8, 18

Cooking the Books podcast: The tricks to negotiating the best mortgage - Wed August 8, 18 - NZHerald PersonalFinance
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's why and how you should negotiate your mortgage. Hosted by Frances Cook. Listen to "Cooking the Books: The tricks... more ...

What ASB CEO Vittoria Shortt earned last year - Wed August 8, 18 - NZHerald PersonalFinance
Vittoria Shortt - the new chief executive of ASB - earned nearly $3 million in total remuneration during the seven months before she stepped up to lead the local branch of the bank. Shortt, who moved from a group executive role... more ...

Eighth record profit in a row for ASB Bank - Wed August 8, 18 - NZHerald PersonalFinance
ASB bank says New Zealand's strong economy is behind another record profit for the bank - it's eighth in a row.The bank this morning reported a statutory net profit after tax of $1.18 billion for the year to June 30 - up 10 per... more ...

A bank statement provides a terrifying glimpse at who you are - Wed August 8, 18 - NZHerald PersonalFinance
COMMENT: If you have got nothing to hide you have got nothing to fear, so the saying goes.But ask someone to show you their bank statement and how many people would be keen? Not many I bet.Gone are the days of using cash for... more ...
Mon August 6, 18

KiwiSaver fees are a necessary evil - Mon August 6, 18 - NZHerald PersonalFinance
Fees, fees, fees. Most Kiwis will pay a small fortune in fees by the time they've been investing for a few decades in KiwiSaver. Fees are a necessary evil because it It does of course cost money to run a KiwiSaver fund. Whether... more ...

Banks deny home lending clamp-down - Mon August 6, 18 - NZHerald PersonalFinance
Three of New Zealand's major banks say they have not made any recent changes to how they assess home loan applications despite brokers' claims that lenders are asking for more details about people's spending habits.Last week multiple... more ...

What to do with your KiwiSaver in an economic downturn - Mon August 6, 18 - NZHerald PersonalFinance
Warnings of an economic downturn could be a timely reminder for people to assess whether they are in the right KiwiSaver fund, says the head of a research firm.Last week, former prime minister John Key warned that the global economy... more ...
Sat August 4, 18

Young, rich, ambitious: the summer camp for super-wealthy millennial heirs - Sat August 4, 18 - NZHerald PersonalFinance
Fifty-two heirs to lavish fortunes luxuriate in sleek splendour at the Four Seasons.They sip designer lattes and speak the language of wealth. The talk is of money, noblesse oblige , technology, Formula One. At lunchtime, outcomes... more ...
Fri August 3, 18

Automatic tax refunds coming for nearly 750,000 wage and salary earners - Fri August 3, 18 - NZHerald PersonalFinance
Getting a tax refund is about to get a whole lot simpler.Around 750,000 wage and salary earners are expected to get automatically generated tax refunds next year, according to the Inland Revenue (IR).The change, which will come... more ...
Thu August 2, 18

Why you can't borrow as much as you thought to buy a house - Thu August 2, 18 - NZHerald PersonalFinance
Mortgage brokers say banks are asking for more details about people's spending habits which is clamping down on how much people can borrow.John Bolton, chief executive of Squirrel Mortgages said historically banks in New Zealand... more ...
Wed August 1, 18

Cooking the Books podcast: How to talk to your kids about money - Wed August 1, 18 - NZHerald PersonalFinance
Each week the NZ Herald and Newstalk ZB's Cooking The Books podcast tackles a different money problem. Today, it's how to give your kids a good start with money. Hosted by Frances Cook. Listen to "Cooking the Books: How to talk... more ...
Last updated : Tue August 14, 18 - 21:22:55


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Disclaimer: All the information above is provided as a service for individuals and institutions. It should in no way be construed as a recommendation as an investment. Investment decisions should be based on the risk tolerance and planning horizon of the investor. Market participants must understand that past performance is also not a guarantee or predictor of future results.