![Industry frontman faces criminal charges](/pf/resources/images/placeholders/placeholder_l.png?d=796)
Industry frontman faces criminal charges
The chief executive of the Investment Savings and Insurance Association is one of six directors charged by the Securities Commission.
The chief executive of the Investment Savings and Insurance Association is one of six directors charged by the Securities Commission.
The Queen is down to her last £1m and will go into the red in the year of her Diamond Jubilee in 2012, new figures reveal.
Kiwibank, which led its rivals in cutting two-year fixed home loan rates last week, has now followed them by reducing its three, four and five year rates.
Consumers are feeling more comfortable about the economy and their personal finances, a new survey has found.
Auckland house sales slumped 16pc in June, with the average sale price falling 3.6pc from a year ago, says real estate firm Barfoot & Thompson.
If there was ever any doubt that KiwiSaver has been the saviour of New Zealand's retail funds management industry latest figures have put it to rest.
The boss of state-owned Kiwibank wants people to be compelled to join KiwiSaver, with individual contributions rising gradually over the next decade or two to reach 10 per cent of income.
House prices will fall gently for the next two years before levelling out, says a leading bank economist.
Kiwibank has launched its own KiwiSaver scheme, promising better disclosure of fees and more direct control by investors.
The kiwi dollar extended its decline to a three-week low as fears over America's recovery sapped investors' appetite for riskier assets.
In a new statement of intent, the Reserve Bank says it is looking at new tools to support the traditional Official Cash Rate.
These studies themselves are not to be trusted - they reinforce prejudices rather than illuminate reality.