Money
Westpac warned after failing to comply with anti-money laundering rules
The Reserve Bank has issued a formal warning to Westpac New Zealand for failing to comply with anti-money laundering rules.
Genesis CEO denies minister's statement power cuts due to commercial decisions
Marc England has rejected claims New Zealand had enough power to handle the unprecedented demand of last night, but that commercial decisions had prevented it.
Rest home care subsidy thresholds still unclear - lawyer
Three years after a landmark case over the impact of gifting on subsidies for long term residential care, a legal expert says the guidelines are still unclear and confusing. The 2018 case related to… Audio
Tegel to raise chicken prices by 10%
New Zealand's largest poultry supplier Tegel has announced it is putting its prices up.
Beneficiaries unaware they can challenge sanctions
Most beneficiaries who are sanctioned by the Ministry of Social Development end up in further hardship.
Many of them don't know they can challenge the decision - and that there's a high chance it'll… Audio
Beneficiaries ending up in dire financial straits unnecessarily - Moroney
New research has found many beneficiaries don't know they can challenge decisions made by the Ministry of Social Development.
The Beneficiary Advisory Service in Christchurch has looked at the impact… Audio
FMA cautions against risky investments as online trading grows
Rising house prices, low interest rates, a desire to learn, and fear of missing out are pushing more people to use retail online trading platforms.
Chloe Swarbrick on housing: Much more intervention needed
Plans to toughen mortgage lending rules and bring in debt-to-income ratios aren't enough, the Green MP says. Audio
Interest rate rises - Reserve Bank has time, 'shouldn't go too early' - economist
Expectations are that the Reserve Bank will cement in an interest rates rise in coming weeks but an economist is warning against going "too early like it did after the global financial crisis".
First Home Buyers Club spokesperson on First Home Grants
It might soon be harder to get a mortgage, as the government has given the Reserve Bank approval to tighten loan-to-value ratios and move to bring in debt-to-income ratios.
The Finance Minister Grant… Audio
Housing: First home buyers grant scheme falters
The Government has admitted it has got the settings wrong for its scheme to help first home buyers.
Figures show the First Home Grants programme is on track to pay out the lowest number of grants… Audio
Govt and Reserve Bank agree on new moves to tighten mortgage lending
Mortgage lending rules are to be toughened after the government has given the Reserve Bank approval to tighten loan-to-value ratios and move to bring in debt-to-income ratios.
Evening business for 3 August 2021
News from the business sector, including a market report. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6266322758001 Video, Audio
All is revealed about our Money Week financial quiz
On our homepage for the next week and a half will be a financial quiz to test your literacy when it comes to your money. Mary Holm joins Jesse to chat about it. Audio
New moves to tighten mortgage lending
The government and Reserve Bank are taking aim at unsustainable house prices, with fresh attempts to cool the housing market. New moves to tighten mortgage lending include lowering the amount of… Audio
Financial Planner Liz Koh - How to do a budget and stick to it
Liz talks to Kathryn about how to set up a money management system that works!. She says the system can help you to look after your money automatically with minimal effort. This follows the report… Audio
Reserve Bank signals further crackdown on mortgage lending
The government and Reserve Bank have agreed on new moves to tighten mortgage lending, including tougher loan to value ratios, debt to income ratios, to cool the housing market. The central bank says… Audio
Some CEOs earning lower paid employees' annual wage in days - study
Some of New Zealand's most highly paid chief executives earn in a matter of days, as much as their lowest paid employees make in a year.
A new report reveals the pay differences between the… Audio
Evening business for 2 August 2021
News from the business sector, including a market report. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6266175337001 Video, Audio
Family split up because of Pharmac funding decision
A Tauranga couple have been forced to split up their family so their daughter can access treatment for Spinal Muscular Atrophy in Australia - treatment that Pharmac won't fund in New Zealand.
They… Audio
