Mortgage adviser says Hayne's statement around trail commissions does not apply to New Zealand
Figures are driven by high KiwiSaver and first-home withdrawals, says firm
"There's always publicity about the dodgy lenders, so the perception becomes that they are the only option to customers"
Just how severe is Auckland's housing shortage in reality?
Financial literacy has also vastly improved in response to recent push, according to regulator report
Research group Roy Morgan has looked at customer figures
As we all know, New Zealanders are under-insured, particularly in terms of personal risk insurance. In early September the Commission for Financial Capability reported that New Zealanders only spend 2.5 per cent of GDP on insurance, compared to the OECD average of 8.4 per cent. And only 15 per cent of New Zealanders have income insurance.
According to statistics, small brokerages are most at risk
A shift in construction outlook has driven the bank to change its OCR prediction
Move will provide greater clarity on government’s priorities, says minister