Ella Somers
Latest articles
KiwiSaver members withdrew over $143 million in early withdrawals in January, marking the highest January amount on record
3rd Mar 25, 2:49pm
by Ella Somers
1
KiwiSaver members withdrew over $143 million in early withdrawals in January, marking the highest January amount on record
Housing and Infrastructure Minister Chris Bishop announces overhaul of infrastructure development charges, introduces new levy system to boost infrastructure funding
28th Feb 25, 2:08pm
by Ella Somers
38
Housing and Infrastructure Minister Chris Bishop announces overhaul of infrastructure development charges, introduces new levy system to boost infrastructure funding
New Zealand adds nearly 8,000 filled jobs in January, but annual job numbers decline
28th Feb 25, 11:55am
by Ella Somers
3
New Zealand adds nearly 8,000 filled jobs in January, but annual job numbers decline
Job ads jumped 4% in January, marking largest monthly rise since July 2024, as hiring activity picks up across most regions and industries with competition 'fierce'
28th Feb 25, 12:01am
by Ella Somers
7
Job ads jumped 4% in January, marking largest monthly rise since July 2024, as hiring activity picks up across most regions and industries with competition 'fierce'
[updated]
Heartland’s half-year net profit drops to $3.6m, winding down home loan portfolio, eyeing retirement village product
27th Feb 25, 10:41am
by Ella Somers
1
Heartland’s half-year net profit drops to $3.6m, winding down home loan portfolio, eyeing retirement village product
Countdown begins for final settlement offers from government’s on-sold property programme for Canterbury homeowners with earthquake-damaged properties
27th Feb 25, 8:30am
by Ella Somers
14
Countdown begins for final settlement offers from government’s on-sold property programme for Canterbury homeowners with earthquake-damaged properties
[updated]
Kiwibank leads in cutting mortgage test rate following last week's OCR cut, increasing borrowing power
25th Feb 25, 10:30am
by Ella Somers
22
Kiwibank leads in cutting mortgage test rate following last week's OCR cut, increasing borrowing power
Nib New Zealand reports $10.9 million loss as claims inflation and economic pressures mount
24th Feb 25, 1:23pm
by Ella Somers
1
Nib New Zealand reports $10.9 million loss as claims inflation and economic pressures mount
Auckland International Airport's profits take off but the airport says New Zealand’s aviation growth remains grounded
20th Feb 25, 11:19am
by Ella Somers
4
Auckland International Airport's profits take off but the airport says New Zealand’s aviation growth remains grounded
Heartland’s $49.6m loan impairment raises concerns about its systems and policies, according to Forsyth Barr analysts who say market confidence in the bank will take time to rebuild
19th Feb 25, 5:16pm
by Ella Somers
Heartland’s $49.6m loan impairment raises concerns about its systems and policies, according to Forsyth Barr analysts who say market confidence in the bank will take time to rebuild
[updated]
Food prices see largest monthly spike since July 2022, jumping 1.9% in January led by grocery prices
14th Feb 25, 12:21pm
by Ella Somers
52
Food prices see largest monthly spike since July 2022, jumping 1.9% in January led by grocery prices
IAG New Zealand reports $2.1 billion from insurance premiums in half-year result as premium growth rises across direct, broker, and bank channels
13th Feb 25, 2:07pm
by Ella Somers
24
IAG New Zealand reports $2.1 billion from insurance premiums in half-year result as premium growth rises across direct, broker, and bank channels
Suncorp New Zealand’s half-year profit soars past full-year 2024 result, but insurance premium growth slows
12th Feb 25, 2:30pm
by Ella Somers
Suncorp New Zealand’s half-year profit soars past full-year 2024 result, but insurance premium growth slows
Tower Insurance warns New Zealand needs to clarify climate adaptation funding to avoid California-style insurance crisis amid rising natural disaster risks
11th Feb 25, 2:57pm
by Ella Somers
24
Tower Insurance warns New Zealand needs to clarify climate adaptation funding to avoid California-style insurance crisis amid rising natural disaster risks
Insurance premiums rise nationwide with Wellingtonians and Cantabrians paying up for general insurance & Aucklanders for car insurance
10th Feb 25, 4:33pm
by Ella Somers
7
Insurance premiums rise nationwide with Wellingtonians and Cantabrians paying up for general insurance & Aucklanders for car insurance
KiwiSaver funds under management ticked over $121 billion in the December 2024 quarter, according to Morningstar
5th Feb 25, 3:26pm
by Ella Somers
5
KiwiSaver funds under management ticked over $121 billion in the December 2024 quarter, according to Morningstar
New Zealand ranks second in OECD for natural disaster costs as infrastructure faces rising risks
5th Feb 25, 9:28am
by Ella Somers
3
New Zealand ranks second in OECD for natural disaster costs as infrastructure faces rising risks
More people turned to Kiwisaver as a financial safety net during 2024, withdrawing $2 billion
4th Feb 25, 2:48pm
by Ella Somers
5
More people turned to Kiwisaver as a financial safety net during 2024, withdrawing $2 billion
Suncorp Group receives first payment for Asteron Life sale after acquisition's completion
3rd Feb 25, 3:02pm
by Ella Somers
Suncorp Group receives first payment for Asteron Life sale after acquisition's completion
Massey University's latest retirement expenditure guidelines report finds retirees may need much less than seven figures for retirement
28th Jan 25, 1:29pm
by Ella Somers
69
Massey University's latest retirement expenditure guidelines report finds retirees may need much less than seven figures for retirement
Trading volumes on Sharesies double to over $7 billion in 2024, driven by market recovery and new product launches
20th Dec 24, 6:46am
by Ella Somers
3
Trading volumes on Sharesies double to over $7 billion in 2024, driven by market recovery and new product launches
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
18th Dec 24, 3:11pm
by Ella Somers
2
SBS Bank CEO Mark McLean says Kiwibank’s $500 million capital raise could strengthen competition at the top of NZ’s banking oligopoly but won’t help challenger banks to compete
New research out of the Retirement Commission finds growing cost-of-living pressures are forcing some over-65s to make extreme cuts to spending to get by
18th Dec 24, 5:00am
by Ella Somers
90
New research out of the Retirement Commission finds growing cost-of-living pressures are forcing some over-65s to make extreme cuts to spending to get by
Latest SEEK NZ employment report shows small increase in job advertisements during November, buoyed by higher job ad volumes in urban regions
17th Dec 24, 12:01am
by Ella Somers
14
Latest SEEK NZ employment report shows small increase in job advertisements during November, buoyed by higher job ad volumes in urban regions
Commerce and Consumer Affairs Minister Andrew Bayly sees potential for KiwiSaver provider consolidation as new investment rules aim to boost local opportunities
14th Dec 24, 9:10am
by Ella Somers
7
Commerce and Consumer Affairs Minister Andrew Bayly sees potential for KiwiSaver provider consolidation as new investment rules aim to boost local opportunities