Ella Somers
Latest articles
Early KiwiSaver withdrawals during October tick over $200 million for the first month ever
21st Nov 24, 3:17pm
by Ella Somers
7
Early KiwiSaver withdrawals during October tick over $200 million for the first month ever
The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
20th Nov 24, 1:00pm
by Ella Somers
7
The Commerce and Consumer Affairs Minister says there needs to be progress in NZ’s payments sector in the next year or he’s going to be asking the industry what the hell they’ve been doing
Bank CEOs urge balance between regulation and innovation amid 'regulatory congestion' concerns
20th Nov 24, 7:42am
by Ella Somers
1
Bank CEOs urge balance between regulation and innovation amid 'regulatory congestion' concerns
[updated]
A better payments system is staring New Zealand in the face and it’s time for the country to ‘leapfrog’ into it, according to the RBNZ
19th Nov 24, 2:52pm
by Ella Somers
1
A better payments system is staring New Zealand in the face and it’s time for the country to ‘leapfrog’ into it, according to the RBNZ
SEEK NZ employment report says labour market remains ‘challenging’ as job ad volumes continue to decline
19th Nov 24, 12:01am
by Ella Somers
10
SEEK NZ employment report says labour market remains ‘challenging’ as job ad volumes continue to decline
Letter from Judith Collins to Nicola Willis before the sinking of HMNZS Manawanui warned of risks associated with uninsured navy vessels
18th Nov 24, 4:00pm
by Ella Somers
41
Letter from Judith Collins to Nicola Willis before the sinking of HMNZS Manawanui warned of risks associated with uninsured navy vessels
The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
16th Nov 24, 6:52am
by Ella Somers
23
The country’s biggest banks ‘dangling the carrot’ via home loan cashbacks ranging from $5,000 to as much as $25,000
Tex Edwards says New Zealand is 15 years behind the rest of the world when it comes to open banking and Kiwibank isn’t the solution to NZ’s banking competition problems
13th Nov 24, 3:53pm
by Ella Somers
Tex Edwards says New Zealand is 15 years behind the rest of the world when it comes to open banking and Kiwibank isn’t the solution to NZ’s banking competition problems
Almost $7 billion sweetens the pot of KiwiSaver funds under management during the September quarter
12th Nov 24, 4:47pm
by Ella Somers
5
Almost $7 billion sweetens the pot of KiwiSaver funds under management during the September quarter
After self-reporting, Quest Insurance Group cops RBNZ warning for failing to maintain its minimum non-life solvency margin and statutory fund for its life insurance business
12th Nov 24, 12:35pm
by Ella Somers
After self-reporting, Quest Insurance Group cops RBNZ warning for failing to maintain its minimum non-life solvency margin and statutory fund for its life insurance business
Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
11th Nov 24, 3:47pm
by Ella Somers
29
Climate report warns of steep insurance premium increases and coverage gaps for coastal homes, with 10,000 properties at risk by 2050
Statistics NZ says a third of employed people worked some time from home during a week it surveyed in the September quarter
9th Nov 24, 8:00am
by Ella Somers
2
Statistics NZ says a third of employed people worked some time from home during a week it surveyed in the September quarter
New Auditor General report says councils need to have clear strategies for tackling climate change
5th Nov 24, 4:18pm
by Ella Somers
13
New Auditor General report says councils need to have clear strategies for tackling climate change
Reserve Bank’s latest financial stability report says risk-based insurance pricing is a continuing trend and high-risk properties may see further increases
5th Nov 24, 11:17am
by Ella Somers
8
Reserve Bank’s latest financial stability report says risk-based insurance pricing is a continuing trend and high-risk properties may see further increases
Sharesies co-CEO says the wealth platform has no plans to apply for banking license after announcing it will be joining forces with Mastercard in 2025 to offer a new payments system to Sharesies customers
5th Nov 24, 9:21am
by Ella Somers
1
Sharesies co-CEO says the wealth platform has no plans to apply for banking license after announcing it will be joining forces with Mastercard in 2025 to offer a new payments system to Sharesies customers
Quashed data shows strong annual insurance premium rises, with differences between major cities and age groups
2nd Nov 24, 9:04am
by Ella Somers
4
Quashed data shows strong annual insurance premium rises, with differences between major cities and age groups
Latest ANZ Business Outlook survey shows business optimism is continuing to rise on the back of steady falls in interest rates
31st Oct 24, 2:29pm
by Ella Somers
10
Latest ANZ Business Outlook survey shows business optimism is continuing to rise on the back of steady falls in interest rates
ANZ NZ calls for the Government to start contributing to under 18 year-olds' KiwiSaver
31st Oct 24, 6:25am
by Ella Somers
21
ANZ NZ calls for the Government to start contributing to under 18 year-olds' KiwiSaver
ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates
29th Oct 24, 9:57am
by Ella Somers
1
ASB and BNZ follow lead of New Zealand’s other major banks, cutting mortgage serviceability test rates
Over 7,500 people made early KiwiSaver withdrawals in September, tapping into over $176 million for home ownership and financial hardship reasons
25th Oct 24, 1:52pm
by Ella Somers
19
Over 7,500 people made early KiwiSaver withdrawals in September, tapping into over $176 million for home ownership and financial hardship reasons
Banking Ombudsman Scheme given 11 recommendations on how to improve dispute resolution in five-yearly review
25th Oct 24, 9:00am
by Ella Somers
Banking Ombudsman Scheme given 11 recommendations on how to improve dispute resolution in five-yearly review
ICNZ opposes UK-style flood reinsurance scheme for NZ, saying it could send the wrong signals
24th Oct 24, 6:37am
by Ella Somers
24
ICNZ opposes UK-style flood reinsurance scheme for NZ, saying it could send the wrong signals
Insurance representative bodies from New Zealand, Australia, Canada, and the UK urge their governments in a joint letter to collaborate with insurers in order to decrease natural hazard risk
21st Oct 24, 1:05pm
by Ella Somers
4
Insurance representative bodies from New Zealand, Australia, Canada, and the UK urge their governments in a joint letter to collaborate with insurers in order to decrease natural hazard risk
Latest SEEK NZ employment report shows small decrease in job ads during September but a much bigger 29% year-on-year fall
21st Oct 24, 12:01am
by Ella Somers
4
Latest SEEK NZ employment report shows small decrease in job ads during September but a much bigger 29% year-on-year fall
AA Insurance reports $864.4 million in premiums for 2024, with annual profit nearly tripling to $108.2 million
18th Oct 24, 2:06pm
by Ella Somers
29
AA Insurance reports $864.4 million in premiums for 2024, with annual profit nearly tripling to $108.2 million