For the first time this year, your KiwiSaver statement will let you know how much money you can expect to have in retirement. Gillian Boyes from the FMA gives a glimpse into what that might look like, and how contributing just a few per cent more from your salary each week can make all the … Read more
Different scams are dealt with by different agencies, leaving many consumers confused as to where to go. The Commission for Financial Capability’s Bronwyn Groot says it’s time to centralise how we report scams in New Zealand. News this week that the money lost through online scams had ballooned to $33 million in 2018 – triple … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Banks under review escape serious sanctions despite spotlight, allegation of police brutality at Defence Expo, and Speaker slammed for rugby junket. The banks have been under the spotlight after the release of a report from the Financial Markets Authority and Reserve Bank. 11 banks were looked at … Read more
Investors are increasingly taking more power over how and what their KiwiSaver funds are doing. Today, the Financial Markets Authority’s Paul Gregory introduces their KiwiSaver Tracker, which gives investors a clearer picture of what providers are really offering. At 25 years old, 65 can seem like a lifetime away – why save when you can spend … Read more
For the first ever World Investor Week, the Financial Markets Authority wants Kiwis to learn some home truths about investment. Richard Meadows gives consumers some advice on how to take the power back. The thick and seemingly impenetrable fog that swirls around KiwiSaver is one of the great frustrations of being a financial journalist in New Zealand. … Read more
The Financial Markets Authority wants Kiwis to learn some home truths about investment. For the first ever World Investor Week, FMA’s Paul Gregory shares some tips on being a smart investor. As New Zealand’s financial markets regulator, the FMA is both guard dog and guide dog. The guard dog is how we regulate and investigate … Read more
You’ve heard about how foreign trusts are exploiting legal loopholes to park money in New Zealand and avoid paying tax. But there’s another NZ financial body causing ripples around the world, for all the wrong reasons, as Gareth Vaughan explains. This story was first published on interest.co.nz Here are two numbers for you: 83 and … Read more