Money
Evening business for 11 April 2023
News from the business sector, including a market report. [embed] https://players.brightcove.net/6093072280001/default_default/index.html?videoId=6324349047112 Video, Audio
Guide for applications to access Kiwisavers as illnesses spike
There's been a recent spike in people wanting to access their KiwiSaver early on the grounds of serious illness. Some people who aren't expected to live to retirement age aren't eligible to withdraw… Audio
Wellington ratepayers face another steep rise
Greater Wellington Regional Council wants to increase rates by nearly 18 percent.
Billions in Kiwi wealth vanishes as property prices fall
Households have been saving more but the slide in property prices has further eroded their wealth.
Cost of funerals putting pressure on low income families - directors association
Rising costs mean families on low incomes are struggling to farewell loved ones with dignity and respect, the Funeral Directors Association says. Audio
How can households prepare for OCR hike?
The Reserve Bank is expected to announce it will hike the official cash rate again at 2pm. It may be some time before the rise flows on to consumers, but families around Aotearoa are already feeling… Audio
'It's going to get worse' - Luxon says another OCR rise would bring pain, suffering
National Party leader Christopher Luxon says 19,000 families are already in mortgage arrears and the government's mismanagement of inflation is driving the problem. Audio
Demand for credit increases, more households in arrears
Consumer credit demand has strengthened, driven by growth in credit cards, personal and vehicle loans.
More people take out insurance, rethink finances after recent severe weather
More people are rethinking their financial backup plans after the recent severe weather in the North Island and ahead of a looming economic downturn.
Living wage set to rise nearly 10 percent in September
The living wage is being increased to $26 per hour from 1 September. Audio
NZ 'behind the curve' on banking industry changes - report
New Zealand's banking system is facing a more diverse, difficult and competitive trading environment as regulation and technology evolve to give consumers more power and choice over the next decade.
Holidays Act overhaul delayed again
The biggest overhaul of holidays laws in two decades has been delayed further and now will not happen before the election.
Increase to benefits, subsidies and minimum wage widely welcomed
Benefits, subsidies, and wages are all set for a shake-up as a new financial year kicks off tomorrow.
Young families, seniors, and students are among those who'll see more in their pockets, while the… Video, Audio
PM on Stuart Nash's email scandal: 'He should have told me about it'
Prime Minister Chris Hipkins has spoken more about the Stuart Nash email scandal at a media conference at the Manurewa RSA today, saying Nash has been "ultimately held accountable".
Your Money with Mary Holm
Today Mary talks to Jesse about what she's learnt from the Film Fraud Festival. The festival has been on a the the Q Theatre in Auckland and Mary is talking about some of the warning signs that you're… Audio
Pay transparency 'will help everybody' - Equal Employment Opportunities Commissioner
An open letter delivered to Parliament this morning calls on the government to crack on with legislation requiring transparency from businesses on the pay gap. Audio
Te Whatu Ora admits Dunedin hospital cuts delayed opening
Te Whatu Ora has admitted the government's desire to cut nearly $100 million from the new Dunedin Hospital build has delayed its opening by almost a year.
Health officials fronted the public and… Audio
Open letter calls for pay gap transparency legislation
An open letter will be delivered to parliament this morning calling on the government to crack on with legislation requiring transparency from businesses on the pay gap.
The letter comes after the… Audio
Aucklanders speak up for libraries in face of budget cuts
Aucklanders have just a few hours left to have their say on sweeping cuts the council's proposing to meet a massive shortfall in its annual budget.
The region's libraries stand to lose funding… Video, Audio
Red Cross provides $1m in cyclone aid for Wairoa residents
The Red Cross is allocating over $1 million of donated funds to the repair of yellow-stickered homes in Wairoa.