Market update – Uncertainty drives ups and downs in the market

By Tim O’Loan, Senior Investment Analyst.

Markets around the world have seen record highs, large falls, and steep recoveries over the past 18 months. But depending on your choice of investment fund, you may have experienced a roller-coaster of returns, or a sedate paddle-boat ride. It all depends on the ‘risk’ of the fund you chose.

Continue reading…

A year in review

Market update for the year ending 31 March 2019

The twelve-month period up until 31 March 2019 was an interesting time for investment markets. Overall it was a strong period, but there was a general increase in ups and downs – also known as market volatility, particularly in comparison to the year before. Here’s a look back at the year and what we could expect in the year ahead.

Continue reading…

IRD’s payroll changes are coming. Are you ready?

How New Zealand employers run their payroll is about to change in a big way. From 1 April 2019, businesses will be required to submit employee information to Inland Revenue on payday, rather than on the 20th of each month as they’ve previously been doing. This change is part of a bigger play by IRD, which is designed to make it easier for New Zealanders to stay on top of their tax obligations.

Continue reading…

Ups and downs in the market

By BNZ General Manager Wealth, Peter Forster

Many KiwiSaver investors may have seen their balances take a dip recently on the back of some sharp ups and downs (with more downs than ups) across global markets. But really, this type of market movement is what we expect to see. KiwiSaver is a long-term savings option which means weathering difficult periods is part of the design rather than a flaw. What’s important is for members to keep their goals and objectives in mind and to choose an appropriate fund to suit. Continue reading…

Second People’s Choice Award for BNZ KiwiSaver

By BNZ Head of Wealth & Private Bank, Donna Nicolof

KiwiSaver should be a key part of New Zealanders’ retirement planning. Because of how vital it is, we have put a huge emphasis on making sure the BNZ KiwiSaver Scheme is as good as it can be. This approach was recently given the tick by our customers with ConsumerNZ awarding us their People’s Choice Award for the second year running. Continue reading…

Backing bold women: Scholarships announced

by BNZ CEO, Angie Mentis

International Women’s Day gives us the opportunity to not simply talk about gender equality, but to act on it too.

This year is 125 years since New Zealand women got the right to vote. Given that fact, it is simply not acceptable that experts are estimating that gender parity another 186 years away. That’s six generations.

Today we have the chance to act. Forget the year 2186 for gender equity. Think 2020. That’s our commitment. BNZ will achieve gender equality across all levels of our organisation by 2020. Continue reading…

Celebrating Te Reo Māori

In the light of Māori Language Week, Cath Lomax, BNZ’s Head of Diversity & Inclusion, shares her personal experiences around Te Reo and how the Māori culture is brought to life at BNZ.

With Māori Language Week coming up I thought it would be an interesting exercise to see how many Māori words my kids could come up with. They started off pretty well covering all the basics, and then the competitiveness came out with them counting up to 100.

It seems so natural for our kids to be learning and speaking some Māori at school now, although I wish even more was being done. Continue reading…

Hold the phone! The future of mobile payments

In light of the latest Android Pay developments, here’s more on the future of mobile payments from Ross Jackson, BNZ’s Head of Cards & Payments.

Recently I read an article captioned “Plastic will be the death of cash” on LinkedIn. That’s partly true, as it’s not plastic that will displace the hassle and costs of securely handling cash, it’s the (16) digits that carry the transaction that are about to change the world of payments for New Zealanders and their favourite retailers. Continue reading…

Creating great together with BNZ’s new careers site

BNZ Sourcing and Branding Manager, Caroline Peak reflects on the launch of BNZ’s new careers website and life at BNZ.

We recently launched our new and improved BNZ careers website and are happy to announce, just over a week in and close to 10,000 visits later, it’s going strong! But it didn’t happen overnight. In fact, it’s something we’ve been planning for a while, so we knew we had to get right. Continue reading…