Sam Stubbs
Consumer advocates on state of NZ's banking sector
Consumer advocates say a muscled up Kiwibank is no silver bullet to fix the country's banking sector.
A draft Commerce Commission report has found a lack of competition in the personal banking sector… Audio
Banking sector needs more competition: Comcom report
The Commerce Commission says the banking sector needs more competition. Audio
Simplicity to ramp up housing efforts
Non-profit KiwiSaver provider and fund manager Simplicity says it wants to build and fund 25,000 new homes in the next 10 years. It aims to try hit this goal by launching a new investment fund today… Audio
'More choice is a good thing': Simplicity chief executive on National's KiwiSaver policy
As we've heard, National believes it's on to a winner for consumer choice with its new KiwiSaver policy.
The policy would roll back a number of measures brought in by Labour in order to allow people… Audio
ASB records $1.56 billion profit
ASB Bank has reported a record net profit of $1.56 billion for the year to June.
However, ASB chief executive Vittoria Short said there were signs of a slowdown in the second half of the year, as the… Audio
Sam Stubbs on banking competition inquiry
There have long been calls for the Commerce Commission to look into competition in the banking sector, and it's now happening.
The government announced yesterday the watchdog would run a market study… Audio
Kiwisaver panic switching: $1b missed out on rebound
People who panicked and switched their Kiwisaver accounts during the pandemic faced significant losses when the market rebounded. That's in a new report that found $1.2 billion was moved into… Audio
Kiwisaver provider calls for inquiry into bank profits
New Zealand remains the only country in the OECD where the top four companies are all banks.
That's according to Sam Stubbs, the chief executive of Kiwisaver provider, Simplicity, responding to the… Audio
Excess Aussie bank profits cost every NZer $1000 a year
Excess Aussie bank profits are now costing every New Zealander a thousand dollars a year. That's the claim from Sam Stubbs, Chief Executive of Kiwisaver provider, Simplicity, who is pushing for a… Audio
The government indicates a Com Com study into banks
The government is giving its strongest indications yet of a Commerce Commission study into banking after a record result in profits last year.
National's finance spokesperson Nicola Willis… Audio
Calls growing louder for inquiry into banks
Calls are ever louder for an inquiry into bank profits. According to the most recent figures, it's understood the Australian owned banks make more than $16 million in profit every day… Audio
Almost 16,000 KiwiSaver hardship withdrawls
In the last year almost 16,000 people took money out of their Kiwisavers to help cope with tough times - but economists are predicting that to rise as the recession hits.
People can get their money… Audio
Growing calls for inquiry into bank profiteering
Prime Minister Jacinda Ardern is calling banks' profits across the entire sector wrong, but she's being told to turn her words into action and launch an inquiry. National wants the decisions of the… Audio
Growing calls for inquiry into bank profiteering
Prime Minister Jacinda Ardern is calling banks' profits across the entire sector wrong, but she's being told to turn her words into action and launch an inquiry.
National wants the decisions of the… Audio
Sam Stubbs on giving away his Money Made Simple book
Sam Stubbs co-founder of Simplicity has released a new book called Money Made Simple, and is giving it away to his clients! Audio
Future mortgage rate hike seen as a likely drag on the economy
Banks are continuing to rack up record profits.
Collective profits for the sector were up just over 8 percent to $1.7 billion in the first quarter through cost cutting, improved lending and margins.
…Simplicity wants resignations over Gib supply issues
Stakeholders are calling for Fletcher Building's chairperson to resign over a Gib board supply crisis.
The construction giant owns nearly 94 percent of the market.
Building company Simplicity Living… Audio
Simplicity asks Fletcher Building for explanation over GIB
Kiwisaver provider Simplicity is asking for a please explain from Fletcher Building over the GIB board debacle. Simplicity has 35 million dollars wrapped up in Fletchers, equating to a 0.8 percent… Audio
Building company importing plasterboard from Thailand
An Auckland building company has launched an attack on Fletcher Building, accusing the construction giant of causing supply chain delays for Gib board.
Simplicity Living, which is owned by KiwiSaver… Audio
Sharp drops in Kiwisavers spook investors
Soaring oil prices, an ongoing global pandemic, war in Ukraine, high inflation and rising interest rates, it's a combination that has investors spooked and financial commentators raising the spectres… Audio