Nicola Willis: Finance Minister on whether the TSB and Heartland merger will boost banking competition

The superannuation reckoning

Should the retirement age rise to 67? Liam Dann and Tamsyn Parker discuss the growing cost of NZ Super and whether younger generations are being asked to foot the bill. They also look at the surprising figures opposed to the potential rise in retirement age. Plus, a new levy on banks and insurers, the Heartland-TSB merger and what a split OCR vote could mean for mortgage holders.   The Economy of Everything is brought to you by CMC Markets See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Nicola Willis: Finance Minister on whether the TSB and Heartland merger will boost banking competition

TSB and Heartland Bank are looking to join forces by the end of the year. TSB owner Toi Foundation's seeking feedback on the plan to join with Heartland Bank, to the tune of $620 million. Finance Minister Nicola Willis welcomes this decision to team up and take on the big Australian banks. "That's positive, and good for the state of banking competition." LISTEN ABOVE See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

What Budget 2026 means for tax | Tue 2 Jun

Deloitte's Robyn Walker on tax changes and how they'll affect kiwi businesses.  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

Your morning markets update with Forsyth Barr | Tue 2 Jun

Investment strategist, Zoe Wallis says there may be cause for optimisim in global markets. See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.

René de Monchy: Tourism NZ CEO on the increased spending by international tourists, focus on the luxury market

New Zealand's cementing itself as a premium tourism destination.  Market data from Grand View Research estimates our luxury travel market brought in more than $8 million last year and could double by 2033.  Luxury Travel specialist Southern Crossings says overseas couples on their honeymoon for instance, consistently spend about the equivalent of a Central Auckland house deposit.  Tourism New Zealand CEO René de Monchy told Heather du Plessis-Allan says we have amazing luxury offerings.  He says coming out of Covid, people are really valuing experiences and that translates into their behaviour.  “So people are saying after a few years locked up, that’s not a natural way to be. Travel is important, experiences are important, and they’re willing to spend the money to do it.”  LISTEN ABOVE  See omnystudio.com/listener [https://omnystudio.com/listener] for privacy information.