About
Ella Somers
Latest articles
[updated]
Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise
8th Oct 24, 2:39pm
12
Reserve Bank to pay $597 million dividend, Governor Adrian Orr gets a pay cut, staff numbers & costs rise
Sharesies says its KiwiSaver scheme which has 8,000 members and $230 million in funds under management will have access to US markets from December
8th Oct 24, 5:00am
11
Sharesies says its KiwiSaver scheme which has 8,000 members and $230 million in funds under management will have access to US markets from December
AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
7th Oct 24, 1:47pm
5
AA Insurance ordered to pay almost $6.2 million penalty after overcharging tens of thousands of customers $11 million by failing to apply discounts and misleading marketing material
Statistics NZ says the number of filled jobs rose in August after a four-month slump
4th Oct 24, 1:01pm
4
Statistics NZ says the number of filled jobs rose in August after a four-month slump
Xero sees 81% spike in late payment costs for NZ small businesses between 2021 and 2023, says big corporations aren’t making prompt payments
3rd Oct 24, 5:00am
3
Xero sees 81% spike in late payment costs for NZ small businesses between 2021 and 2023, says big corporations aren’t making prompt payments
Early KiwiSaver withdrawals hit $183 million in August, marking third highest amount withdrawn this year because of financial hardship and home ownership demand
2nd Oct 24, 1:17pm
Early KiwiSaver withdrawals hit $183 million in August, marking third highest amount withdrawn this year because of financial hardship and home ownership demand
[updated]
In its climate inquiry findings report, the Finance and Expenditure Committee says there needs to be clear mandates for climate adaptation funding and responsibilities in the Government’s future adaptation framework as there’s still ‘who pays’ uncertainty
1st Oct 24, 1:45pm
6
In its climate inquiry findings report, the Finance and Expenditure Committee says there needs to be clear mandates for climate adaptation funding and responsibilities in the Government’s future adaptation framework as there’s still ‘who pays’ uncertainty
[updated]
Commerce Commission declines merger application of the two Foodstuffs co-operatives, citing concerns around the merged entities having ‘greater buyer power’ and shrinking NZ’s grocery competition further
1st Oct 24, 10:07am
12
Commerce Commission declines merger application of the two Foodstuffs co-operatives, citing concerns around the merged entities having ‘greater buyer power’ and shrinking NZ’s grocery competition further
Construction sector faces rising number of liquidations as business credit defaults also climb across the industry according to credit bureau Centrix
1st Oct 24, 5:00am
13
Construction sector faces rising number of liquidations as business credit defaults also climb across the industry according to credit bureau Centrix
Southern Cross records annual deficit with claims up 15% and premiums up 9%
Seek reports slowdown in annual advertised salary growth but says education and healthcare sectors lead increases in the annual salary department
30th Sep 24, 12:01am
6
Seek reports slowdown in annual advertised salary growth but says education and healthcare sectors lead increases in the annual salary department
How useful are home equity release products for asset rich but income poor retirees?
27th Sep 24, 9:41am
8
How useful are home equity release products for asset rich but income poor retirees?
Retirement Commissioner Jane Wrightson makes the case for cross-party consensus on stable retirement policies and cautions against raising pension age to 67
26th Sep 24, 1:23pm
78
Retirement Commissioner Jane Wrightson makes the case for cross-party consensus on stable retirement policies and cautions against raising pension age to 67
KiwiSaver faces growing pains in its 17th year as industry calls for changes to the system in order to boost retirement readiness and not leave people behind
25th Sep 24, 9:00am
58
KiwiSaver faces growing pains in its 17th year as industry calls for changes to the system in order to boost retirement readiness and not leave people behind
Investors becoming more comfortable with the long-term nature of KiwiSaver, Financial Markets Authority says
24th Sep 24, 9:42am
25
Investors becoming more comfortable with the long-term nature of KiwiSaver, Financial Markets Authority says
New research funded by Natural Hazard Commission finds volcanic ashfall could impact hundreds of thousands of North Island homes, driving need for damage forecast model
23rd Sep 24, 2:53pm
12
New research funded by Natural Hazard Commission finds volcanic ashfall could impact hundreds of thousands of North Island homes, driving need for damage forecast model
Would the Prime Minister write Kiwibank a cheque for $500 million? Christopher Luxon says he won’t preempt Treasury advice
20th Sep 24, 5:41pm
2
Would the Prime Minister write Kiwibank a cheque for $500 million? Christopher Luxon says he won’t preempt Treasury advice
Government and Centre for Sustainable Finance join forces to develop sustainable finance strategy to improve NZ’s global competitiveness and attract climate-focused investments
19th Sep 24, 7:11pm
5
Government and Centre for Sustainable Finance join forces to develop sustainable finance strategy to improve NZ’s global competitiveness and attract climate-focused investments
Responsible Investment Association Australasia launches nature investor ‘toolkit’ to help companies and investors in managing environmental risks and opportunities
19th Sep 24, 1:30pm
2
Responsible Investment Association Australasia launches nature investor ‘toolkit’ to help companies and investors in managing environmental risks and opportunities
[updated]
Commerce Commission to file charges against Jetstar over alleged misleading claims on compensation for flight delays and cancellations
18th Sep 24, 10:32am
2
Commerce Commission to file charges against Jetstar over alleged misleading claims on compensation for flight delays and cancellations
The Financial Markets Authority files criminal proceedings against a junior Heartland Bank employee for alleged insider trading over Heartland Group Holdings shares
17th Sep 24, 11:55am
The Financial Markets Authority files criminal proceedings against a junior Heartland Bank employee for alleged insider trading over Heartland Group Holdings shares
[updated]
Electronic card spending rose in August for the first time in seven months, Statistics NZ says
12th Sep 24, 12:18pm
6
Electronic card spending rose in August for the first time in seven months, Statistics NZ says
General insurer Tower concludes ownership review with no proposed changes on the chopping block and says the RBNZ has cut the insurer’s solvency margin from $15 million to $0
9th Sep 24, 11:55am
1
General insurer Tower concludes ownership review with no proposed changes on the chopping block and says the RBNZ has cut the insurer’s solvency margin from $15 million to $0
In a new episode of our Of Interest podcast, Grocery Commissioner Pierre van Heerden details what's needed to boost competition in NZ’s grocery sector
7th Sep 24, 9:15am
8
In a new episode of our Of Interest podcast, Grocery Commissioner Pierre van Heerden details what's needed to boost competition in NZ’s grocery sector
Labour Party Finance Spokesperson Barbara Edmonds highlights critical role of insurance in New Zealand’s financial future as natural hazard risks increase and insurance premiums continue to rise
5th Sep 24, 11:57am
20
Labour Party Finance Spokesperson Barbara Edmonds highlights critical role of insurance in New Zealand’s financial future as natural hazard risks increase and insurance premiums continue to rise