
Complaint awareness needs to improve - FMA
Just one in 10 people know who to complain to if they have a dispute with their bank, insurer or financial adviser - and that's not good enough, says the head of the FMA.
Just one in 10 people know who to complain to if they have a dispute with their bank, insurer or financial adviser - and that's not good enough, says the head of the FMA.
Labour's proposals to allow the Reserve Bank to adjust KiwiSaver contributions rather than interest rates to control inflation could hurt savers, KiwiSaver experts warn.
Finance Minister Bill English has rubbished Labour's new Kiwisaver plan, but the policy has received support from employers.
It's a great idea to keep an eye on your KiwiSaver fees because "Fees are the one constant that will always eat away at your returns."
A Queenstown woman done for a $400,000 bank rip-off has admitted the offending - and using the money for a house, overseas trips and paying off debts.
The Financial Markets Authority won't wait until receivers have finished chasing funds from convicted finance company directors. when considering civil cases.
We confess all on Facebook. The whole world knows what we ate for lunch and what we think about political or social issues. But we don't tell the world how much we earn or owe.
Barclays has been accused of trying to silence criticism of its bonus culture after a director slapped down a shareholder for speaking out over its pay practices.
The FMA is investigating whether the sales and marketing of interest rate swaps by major banks to rural customers may have breached the laws.
The Reserve Bank has increased the Official Cash Rate by 25 basis points to 3 per cent this morning.
There is near-unanimous support on NZIER's shadow board for Reserve Bank governor Graeme Wheeler to raise the official cash rate again tomorrow, to 3 per cent.
Interest rates could peak at a level which would see first-home buyers in Auckland spending two-thirds of household income paying the mortgage.
Another rise in the official cash rate, to 3 per cent, on Thursday is seen as a virtual certainty.
Blended families are common in New Zealand.
New Zealand consumer confidence rose in April as Kiwis became more confident about their own financial position, giving them greater enthusiasm for buying major household items.
New Zealand's tax system heavily penalises KiwiSaver while offering massive tax breaks to property investors, says savings lobbyist..