Finance

Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Mortgage fund frozen as trustee dumps manager
Law & Regulation

Mortgage fund frozen as trustee dumps manager

Investors in a mortgage fund will have to wait for its wind up to get their money out. 

Paul McBeth 03 Nov 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.
Stumped investors abandoning term deposits: Westpac
Editor's Picks

Stumped investors abandoning term deposits: Westpac

Westpac's customers are forsaking term deposits and leaving their money in transaction accounts.

Jenny Ruth 03 Nov 2020
Super Fund eyes social targets for investment rules
Environment

Super Fund eyes social targets for investment rules

Hard to measure doesn't mean social impacts shouldn't be.

Gavin Evans 03 Nov 2020
Westpac NZ's annual net profit falls 43%

Westpac NZ's annual net profit falls 43%

Westpac is experiencing falling income, rising costs and squeezed profit margins but chief executive David McLean said the bank's balance sheet is robust.

Jenny Ruth 02 Nov 2020