ANZ’s new floating interest rate means an extra $12m in profit – expert
He said the rate had previously been in a “no man’s land” between Kiwibank and the other major…
61 shops announce closures in 10 days: Will liquidation numbers get worse before they improve?
Economist Shamubeel Eaqub said the rate of closures often picked up at the start of a recovery. “Particularly…
Students can now claim $12,000 but is it money well spent?
Payments are only available once the year is complete, so this year marks the first time students have…
Mum awarded $10,000 after son blocks her access to money
She also gave him enduring power of attorney over her property. A week later she opened a new…
$69 delivery fee for Ikea dining chair stickers
“Soon after singing the receipt for the chair stickers, I received an email from Ikea that sounds more…
Economy: Did we ‘survive 2025′ – and will there be a fix for ’26?
So why has the economy so persistently underperformed this year? Mike Jones, chief economist at BNZ, said there…
Why home loan applicants might face an extra wait
“If you apply now, approvals are likely to be scheduled for early 2026.” ASB said it had received…
Couple lose complaint over 5-year fixed home loan and $50k break fee
This year, they contacted the bank to ask about breaking their fixed term. The main banks are now…
Prepay power disconnections: 10,000 households a month losing electricity
Prepay customers were disconnected more often. There were 27,000 disconnections a month affecting 10,000 prepay customers, or 35%.…
Borrowers get refunds in $15m student loan error
“Student loan interest calculations are complex, and some of the underlying causes relate to before the system upgrades…
7000 pensioners overcharged in another Inland Revenue error
He said he was not able to control this when he completed his return and did not realise…
IRD error means incorrect tax for thousands
“Having always done this myself longhand, I still do this and thank goodness I did.” He said, between…