Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Neglecting financial advice costs health and wealth

Neglecting financial advice costs health and wealth

Almost half of people who received financial advice rated their wellbeing highly, compared to less than a fifth of those who hadn’t.

Dan Brunskill 02 Dec 2020
Finance sponsored by
First Mortgage Trust
First Mortgage Trust is an investment manager that specialises in property lending. For nearly 30 years we’ve been helping New Zealanders protect and grow their wealth.
Falling interest rates push ACC deficit to $5.95 billion

Falling interest rates push ACC deficit to $5.95 billion

Falling interest rates pushed up the accounting cost of ACC's future claims liabilities, despite the insurer's investment portfolio out-performing by $1.8 billion.

Jenny Ruth 02 Dec 2020
Westpac in the gun again over prudential breaches
Law & Regulation

Westpac in the gun again over prudential breaches

The Reserve Bank considers the breaches to be material. 

Paul McBeth 02 Dec 2020
Accountants gear up to ‘minimise’ new top tax rate

Accountants gear up to ‘minimise’ new top tax rate

High-income business owners will have some opportunities to reduce their exposure to the new 39 percent top personal tax rate, but the tax department will be watching.

Pattrick Smellie 01 Dec 2020