Personal Finance

Personal debt bill shrinking

KIWIS ARE slowly getting themselves out of debt.

Public meeting in Timaru to discuss Hubbard

The voluntary group, Exposing Unacceptable Financial Activities (Eufa), is holding a public meeting in Timaru next Friday to discuss issues surrounding the statutory management of Timaru businessman Allan Hubbard.

Mind the generation gap

By ANN-MAREE MOODIE

Ann-Maree Moodie seeks advice on what to do when the job interviewer is half your age.

Debt is in, stocks are out

Caution remained the watchword for leading global investors in July, with a new survey showing a cut back on equities and higher cash and bond holdings.

Fixed rate fall tipped despite hike

By HAMISH RUTHERFORD

Fixed-term mortgage rates could be set to ease, economists predict, after a warning by Reserve Bank governor Alan Bollard that the economy is likely to grow more slowly than expected.

Nest eggs grow 15pc

By ROMY UDANGA

Employer-sponsored managed funds grew by 15 per cent over the 2009-2010 period and now sit close to $3.9 billion, according to a new survey released today.

Do your homework

By JOHN WASILEV

The risks associated with share investing are real, so investors should take note of any words of caution by companies during the company reporting period.

Move to allow electronic shareholder voting

The Government is moving to allow electronic voting by shareholders in a bid to improve shareholder participation.

Investing in businesses

You have elected to become an investor, which is the next step after you have become a saver. You can choose just to remain a saver and never invest, but then your default is cash. I will define cash separately as most people get very confused about what is cash and what is not.

There is value in knowing

By KARIN DERKLEY

Depending on who you ask, valuing your home can be a worthwhile venture.

New investor still possible, Maier insists

By MARTA STEEMAN

Cash-strapped South Canterbury Finance is hopeful of finding a buyer for the business by an August 31 deadline after a call for it to be placed in statutory management.

Poor June quarter for AMP investors

By JAMES WEIR

Investors in AMP suffered a poor June quarter as world share prices plunged, but overall returns for the year were still up around 7 per cent, across a range of diversified funds.

IRD could work with credit agencies

By KATE CHAPMAN

Personal information held by the Inland Revenue Department could be given to credit rating agencies if proposed changes to privacy of tax information go ahead.

AMP Capital favours cash

AMP Capital Investors is holding more cash than normal after a turbulent quarter raised the prospect of a double-dip recession.

Disclosures need improving - Commission

Many entities that issue securities to the public need to improve disclosures relating to ethical standards, directors and executives' remuneration, risk management, and shareholder and stakeholder relations, the Securities Commission says.

Getting older

By PATTRICK SMELLIE

OPINION: For as long as I can remember, there's been national angst over what to do about superannuation.

New chief executive for financial complaints body

Deputy banking ombudsman Susan Taylor has been appointed chief executive of Financial Services Complaints Ltd (FSCL).

Commission warns about Dorchester offer

The Securities Commission is advising Dorchester Finance debenture holders to be wary of an offer from Australian-based Stock & Share Trading Company Pty.

Superannuation fund 'should be dismantled'

By ROMY UDANGA

Despite achieving a 15.45 per cent return for the 2009-10 year, the New Zealand Superannuation Fund has not increased the security of the country's superannuation and it should be dismantled, a retirement think-tank says.

Liquidators appointed to Strategic Finance

Strategic Finance's trustee Perpetual Trust has appointed liquidators to failed finance company Strategic Finance.

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