Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Law & Regulation
NZ life insurers rate poorly on claims payouts, costs and solvency: RBNZ
Life insurers in New Zealand tend to be more profitable than their peers in other OECD countries, pay out less in claims, have higher costs and have less solvency capital.That's the conclusion of a paper on the sector written by Jinny Leong and Adrian Allott for the Reserve Bank,...
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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.
Services
Trade Me sells LifeDirect back to former owner
Trade Me has sold its LifeDirect business back to the financial adviser it bought it from, saying the insurance comparison website doesn’t fit its portfolio anymore.Lower Hutt-based financial adviser Mark Solomon has agreed to buy back the business for an undisclosed sum, with se...
Services
Turners aims to launch a vehicle subscription service in March
Turners Automotive Group is hoping to launch a vehicle subscription service in March under which people pay a flat monthly fee for the right to use a particular vehicle.Turners is licensing the concept from ASX-listed Collaborate, a company it bought a 12 percent stake in for $1...
Westpac joins sustainability lending club with Contact Energy loan
Westpac New Zealand has made its first foray into a sustainability-linked loan, lending $50 million to Contact Energy.The four-year facility is the first such loan issued by Westpac NZ, and follows a similar move by ANZ Bank New Zealand, which transferred an existing $50 million...
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