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Westpac to pay customers $3.7m after credit contracts breach
Westpac will pay customers $3.7 million in reparations.after agreeing with the Commerce Commission that it breached credit contracts disclosure law.The corporate regulator said Westpac breached the Credit Contracts and Consumer Finance Act 2003 by sending 19,365 new credit cards...
Robertson says books in good shape to weather coronavirus
Finance Minister Grant Robertson says the latest government accounts are in good shape, however the outbreak of coronavirus is expected to knock the economy in coming months.The government's operating balance before gains and losses was a surplus of $400 million in the six months...
AMP KiwiSaver funds' long term under-performance across the board
KiwiSaver funds operated by AMP, the country's fourth largest provider of the retirement savings plans, have under-performed over a 10-year period relative to their peers, irrespective of whether savers are choosing conservative or high-risk investment approaches.The December qua...
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