Kiwibank facing criminal charges

The Commerce Commission has filed criminal charges against Kiwibank alleging systemic breaches of the Fair Trading Act.

Big week for cuts and ANZ tweaks forecast

It was a pivotal week for monetary policy with two major central banks cutting interest rates for the first time in more than four years.

Initiative launched to grow number of female advisers

Finsure Group, has launched its Women in Finsure initiative in New Zealand to promote equality, opportunity, diversity and inclusion of women within the nation’s adviser industry.

Short fixed terms continue popularity

Reserve Bank figures show house buyers are opting for the shortest fixed interest rates for mortgages in the hope they will fall at either the end of this year or early next year.

Today's Rate Changes

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Property News

Options for buyers locked out of scrapped first home loan grant

Options for buyers locked out of scrapped first home loan grant

A privately funded financial services company has picked up the slack left after the government scrapped the first home loan grant and set up an alternative scheme.

First home buyers making hay, investors MIA

First home buyers making hay, investors MIA

A lift in interest amongst first home buyers (FHB) remains a feature of housing activity.

Sticky market for investors – first home buyers in control

Sticky market for investors – first home buyers in control

Large numbers of property investors have not come back into the market despite  the reintroduction of 80% interest deductibility for landlords and the lowering in July of the Brightline test from 10 years to two years, QV says in its latest update.

Top Mortgage Rates

SBS FirstHome Combo 6.14
Unity First Home Buyer special 6.55
Co-operative Bank - First Home Special 6.79
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Kiwibank Special 6.99
TSB Special 6.99
Unity 6.99
Co-operative Bank - Owner Occ 6.99
ICBC 7.05
China Construction Bank 7.09
Unity First Home Buyer special 6.45
SBS Bank Special 6.49
Heartland Bank - Online 6.55
ICBC 6.69
AIA - Go Home Loans 6.75
TSB Special 6.75
Westpac Special 6.75
ASB Bank 6.75
China Construction Bank 6.75
Co-operative Bank - Owner Occ 6.79
Unity 6.79
SBS Bank Special 6.19
AIA - Go Home Loans 6.39
Westpac Special 6.39
ICBC 6.39
ASB Bank 6.39
China Construction Bank 6.40
Co-operative Bank - Owner Occ 6.55
BNZ - Classic 6.55
Kiwibank Special 6.55
TSB Special 6.59
SBS Bank 6.79
AIA - Back My Build 6.19
SBS FirstHome Combo 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Standard 8.40
Co-operative Bank - Owner Occ 8.40
First Credit Union Standard 8.50
Kiwibank 8.50
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People News

NZFSG adds technology and innovation leader to its board

NZFSG adds technology and innovation leader to its board

NZ Financial Services Group adds a tech guru to its board.

Liberty adds a Wellington-based BDM

Liberty adds a Wellington-based BDM

LoanOptions gets new local BDM

LoanOptions gets new local BDM

LoanOptions expands its New Zealand team.

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KiwiSaver News

KiwiSaver not hot on Kiwi markets

KiwiSaver not hot on Kiwi markets

KiwiSaver funds under management increased 7.2% for the first quarter of the year (from $107.5 billion to $115.2 billion) to deliver 18.6% over the previous 12 months, but the value of NZ assets fell for the quarter.

No shift on KiwiSaver balance gender gap

No shift on KiwiSaver balance gender gap

New KiwiSaver analysis for 2023 shows the 25% gap between men and women’s balances did not improve over the year.

National Capital: Women should back themselves on investment

National Capital: Women should back themselves on investment

Women can narrow the $61 billion KiwiSaver retirement gap through playing to their investment strengths, says financial advice firm National Capital.