Finance
Explore the latest finance news by BusinessDesk's team of reporters around New Zealand.
Finance
FMA, RBNZ disappointed by life insurers' response; $1.4m of issues found
By Jenny Ruth Sept. 17 (BusinessDesk) - Sixteen New Zealand insurers have identified more than 75,000 customer issues valued at least $1.4 million but regulators still say they are disappointed by the life insurance industry's response to their conduct and culture review. "...
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Finance
Steep rate cut may have spooked households - Westpac
By Rebecca Howard Sept. 17 (BusinessDesk) - The number of New Zealand households that would go out and spend a $10,000 windfall fell to its lowest level in 20 years, suggesting consumers may have been scared off by the central bank’s steep rate cut in August, the latest Westpa...
Opinion
Jenny Ruth: ANALYSIS: Wealth management now wags the stock-broking dog
By Jenny Ruth Sept. 16 (BusinessDesk) - Could the lack of new listings on NZX be as simple as New Zealand not having enough traditional stock-broking and merchant banking firms? The capital markets review's report mentions the issue: "Each of the five primary retail NZX fir...
Finance
CORRECT: Booster tests waters with NZX listing of private property trust
(Fixes incorrect debt figure in 2nd paragraph) By Pattrick Smellie Sept. 13 (BusinessDesk) - KiwiSaver and financial services provider Booster is eyeing further listings to give investors exposure to privately held businesses and assets through public markets. The firm w...
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