Tag: kiwibank

New Zealand First Unveils Compulsory KiwiSaver at Birth and BNZ Buy-Back Plan

18 May 2026 5:55 a.m. · Source: New Zealand First

New Zealand First proposes compulsory KiwiSaver at birth with a $1000 Crown contribution and plans to buy back BNZ, merging it with Kiwibank to form a new "National Bank of New Zealand" to boost economic sovereignty.

Politics and Government Business General Politics Economy Banking Financial Markets Employment and Labor Election New Zealand First Winston Peters KiwiSaver BNZ Kiwibank National Bank of New Zealand Economic Policy NZ First
FMA Warns Kiwibank for Overcharging Customers

6 Aug 2025 9:01 a.m. · Source: NZ Financial Markets Authority

The FMA has warned Kiwibank for overcharging customers on joint accounts between 2011 and 2024. Kiwibank overcharged 8,663 customers a total of $912,053.79. The FMA has said that Kiwibank could have identified the issue earlier.

Business Politics and Government Financial Markets Banking Legal FMA Kiwibank Financial Markets Authority overcharging fee waivers joint accounts Financial Markets Conduct Act NZ Financial Markets Authority