Money News

Uncle Tobys stung for claims

Oatmeal may have milk protein but a packet of oats labelled as a "protein superfood" has been ruled misleading.

Health benefits on Uncle Tobys oat packets draws consumer watchdogs wrath.

DIY tax refunds

Shaquila Barrett was upset to find her tax refund swallowed by fees.

Why pay fees for a tax refund when you can do it for nothing, yourself?

Money can buy happiness - to a point

The net life satisfaction difference between those earning around $75,000 and $115,000 was minimal.

Money can buy happiness, but what that means is up for debate.

Jail time for tax evasion

A couple were handed down jail terms in the New Plymouth District Court for their role in a $1.18-million tax fraud.

Tax fraud to the tune of $1.184 million lands a New Plymouth couple behind bars.

Do good with your money

Can you use your investment returns to make the world a better place?

OPINION: Well-being not just about personal wealth but about the health of communities.

Top paid public servants

NZ Super fund boss Adrian Orr draws the biggest paycheck, earning $830,000 to $839,999.

Top public servants draw paycheques of over $600,000 a year, with the highest topping $800,000.

GE becomes Latitude

Latitude Financial Services will have 2.5 million customers across NZ and Australia.

Takeover means new name for well-known consumer finance company.

The house of madness

The Devonport ex-state house that reached $1.04 million at auction in September.

This is the Auckland ex-state house that world media has made the poster child for global property insanity.

'I don't want to let anyone down' video

Fire burning at the Briford Engineering fire Woolston Christchurch.

Christchurch engineer doesn't want to let customers down after overnight blaze.

Housing crisis embarrassing

We could learn from the "intelligent regulation" of housing in countries like Switzerland, Philippa Howden-Chapman says in her new book on the housing crisis.

Philippa Howden-Chapman is increasingly embarrassed by foreigners' astonished reactions to the state of NZ housing.

Christmas spending hopes high

Retailers are hoping for even greater festive frenzy at the tills this Christmas

Will retailers get a bumper Christmas before New Zealanders put away their wallets again?

Adviser commissions set to stay

Life insurance advisers receive large upfront commissions when they sell a policy but there are fears changing that could reduce New Zealand's insurance coverage rate.

Did Financial Services Council waste $200,000 on a report criticising financial advisers' pay?

New bank joins mortgage war

Bruce McLachlan wants mortgage holders to think long-term.

SBS set the pace with its 3.99 per cent interest rate, and now another Kiwi lender has joined the fray.

Don't get caught in bridging trap

Bridging finance can be risky in a slowing market.

Borrowers are being warned to be careful about increasingly-popular bridging finance.

Crunch power bill data

Consumers will be able to compare providers more quickly, using a unique ID number.

Powerswitch set to get more competition as retailers are required to disclose details of their pricing plans to anyone who asks for them.

Fraud hits health insurance cost

Health providers who do not code their insurance claims correctly can quickly add a lot of cost to an insurer's bottom line.

Dodgy dealing in claims could cost industry millions every year and push up premiums.

The governmental money brain

In the governmental "money brain" government departments are the neurons firing data back and forth to spot those of us breaking the rules.

A growing system of "data matching" links government departments allowing them greater oversight of people's money lives.

Tips for couples switching to a single income

When you are part of a single-income household, you are advised to exercise moderation.

With minor tweaking and some sacrifices, many households can make single income work.

Sub-4 per cent mortgage no stunt

20112015 News. Robyn Edie. Southland Times/Fairfax NZ.  **EMBARGOED until Monday 23rd Nov**  Wayne Evans, Chief Executive of SBS Bank Group, in the newly rebranded Invercargill office.

SBS Bank's 3.99 per cent home loan rate is the lowest New Zealand has seen in decades.

Six tips for Xmas shopping bliss

Don't let the shopping blues shake you out of the Christmas spirit.

Six things to help you through your Christmas shopping experience.

Warehouse Mobile offers 4c calls

The Warehouse boss Simon Turner says Warehouse Mobile 'top-ups' will be available online, in-store and at 600 other outlets such as dairies and petrol stations.

Telecommunications Users Association says it is the kind of 'innovation' it wants to see.

Life insurers need 'Code of Conduct', report says

Unlike banks and general insurers, life insurers do not have a code of conduct.

Life insurers need to covered by a code of conduct like banks and general insurers, a report released on Monday says.

KiwiSaver key to insurance cover: Report

Combining KiwiSaver and insurance would be a return to the way superannuation schemes used to work, the report says.

Using KiwiSaver to purchase life insurance could lead to huge reduction in premiums.

Insurance commissions slammed

Insurers say a new report into life insurance commissions is biased and unfair.

Report claims commissions add $100m a year to life insurance bills.

NZ fraud victims growing

Be suspicious of any unasked for "opportunities", particularly those claiming to offer enormous returns for no effort.

The scale of fraud New Zealanders face is breathtaking - $37,000 a day.

Spa pool costs may fall

It's estimated there are around 100,000 spa pools installed in New Zealand homes.

Changes to pool fencing laws could also have a spin-off for people wanting to install a hot pool.

Don't fancy chopping your veg? video

New World Te Rapa's produce manager, Mehul Patel says his pre-cut vegetables section offers convenience to customers.

What do you think of New World's newest offering - bulk bins of pre-cut vegetables?

Industry body split over commission report

Partners Life managing director Naomi Ballantyne✓ says the report had not been conducted in accordance with the agreed scope and was biased against FSC members who used independent advisers.

Report into life insurance distribution models outrages life insurers.

Kiwis' days of saving are over

Shoppers flock to Westfield St Lukes Mall in Auckland to make the most of the Boxing Day sales.

After five years of relative restraint, Kiwis may once again be living beyond their means.

Which toys are hot this Christmas? video

Toyworld Wellington owner Phillip Bramley says Star Wars and Starlily the unicorn will be the hot presents for boys and girls this Christmas.

Fancy a water fight this Christmas? Toyworld picks its Christmas winners.

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