ASB triples bad debt charges as covid looms over loans
By Jenny Ruth | Wed, 12 Aug 2020
ASB Bank's annual net profit fell 25 percent as the lender almost tripled charges for bad debts to $306 million to reflect its current view of the coronavirus crisis's impact. The bank's parent, Co...
Closing AMI branches costs IAG more than A$20m
By Paul McBeth | Fri, 07 Aug 2020
Insurance Australia Group’s decision to close its New Zealand AMI branch network has cost the general insurer more than A$20 million. The trans-Tasman insurer said the pandemic accelerated plans to...
Some KiwiSaver heavyweights not the best options
By Jenny Ruth | Thu, 30 Jul 2020
AMP's funds continue to provide among the poorest returns among KiwiSaver options while the largest player in the market, ANZ Bank, has produced superior returns from its default fund but mainly medio...
