Author: MIL-OSI Publisher

Source: Mindful Money

KiwiSaver Investment in “Companies of Concern” Climbs to $11.1 Billion, even as Kiwis invest for positive outcomes at home

New analysis of KiwiSaver portfolio holdings to March 2026 shows New Zealanders' retirement savings are increasingly split between rapidly growing investment in clean energy leaders and rising exposure to fossil fuel expansion, human rights violations, environmental harm and nuclear weapons production.

The best way to verify ethical claims made by KiwiSaver funds is not to take fund managers at their word, since most claim to invest responsibly,  but to track where the money actually goes. Mindful Money's latest analysis, covering portfolio holdings across 417 funds to the end of March 2026, does exactly that, tracing $143 billion of KiwiSaver investment down to the specific companies.

Barry Coates, co-CEO of Mindful Money explained: “The public have little trust in the claims of ethical, ESG or responsible investment practices by their KiwiSaver providers. This report adds up investments across all of the KiwiSaver funds and finds the public are justified in being sceptical about the claims.” 

“KiwiSaver members can find out the real story of where their money goes by visiting Mindful Money. We are a charity that provides that information for free.”

The good and the bad

The results of the data analysis show a mixed picture. On one hand, New Zealanders' KiwiSaver funds are increasingly backing the companies driving the country's shift to clean energy and climate resilience.

Five of the six companies receiving the largest KiwiSaver investment are New Zealand businesses delivering positive outcomes: Contact Energy, Meridian Energy, Mercury Energy, Kāinga Ora and Fisher & Paykel Healthcare. That is a strong endorsement, by our KiwiSaver providers, of the companies building the infrastructure the country needs.

Barry Coates said: “Our retirement savings can make a huge contribution towards responding to our urgent challenges. After years of ignoring this agenda, some of the leading KiwiSaver fund managers are at last investing for the common good.”

On the other hand, total KiwiSaver investment in the issues that New Zealanders consistently say they want their investments to avoid has now reached $11.1 billion. This is equivalent to 7.8% of the total KiwiSaver fund pool. That is a significant sum of Kiwis' hard-earned retirement savings invested in companies whose practices most New Zealanders want to avoid.

Where the money is going

Fossil fuel production remains the largest single category of concern, with $5.18 billion invested (3.62% of total KiwiSaver funds), a rise of 30% over the past six months. This includes growing investment in major oil, gas and coal producers still expanding production rather than transitioning away from fossil fuels, including BHP, Shell, ConocoPhillips, Santos and Woodside. Increases in this category over the period were driven particularly by Milford, ANZ and Fisher Funds increasing their holdings, while Aurora reduced its exposure. War in Ukraine and Iran has spiked oil and gas prices, but the long term future is for rapid declines in fossil fuel production.

Investment in companies linked to human rights violations sits close behind, at $3.76 billion (2.63%). A significant driver has been increased investment in Rio Tinto, a company with a long record of harm to local communities, indigenous peoples and the environment through its mining operations, and in Thermo Fisher Scientific, which faces ongoing concerns over the use of its products to support surveillance by the Chinese state. Milford, Fisher Funds and ANZ increased their holdings in companies flagged for human rights concerns over the period, while Simplicity and BNZ reduced theirs.

Environmental harm accounted for $1.78 billion (1.25%) of KiwiSaver investment, with notable increases in holdings of Corteva and UPL Ltd, both agrichemical companies whose products, including highly hazardous chemicals and PFAS (“forever chemicals”), pose risks to human health and the environment. ANZ, Mercer and Sharesies increased their exposure to this category, while Milford and MAS reduced theirs.

Animal cruelty investment reached $1.52 billion (1.06%), with increases linked to factory farming giants JBS and Tyson. JBS in particular has drawn international criticism not only for animal welfare practices but for its role in driving deforestation through its supply chains.

Weapons investment totalled $612 million (0.43%) an increase of 15% over the six months to March 2026. After years of declining investment in nuclear, there has been a rise in investments in nuclear weapons production through RTX (formerly Raytheon), Honeywell and Lockheed Martin. Sharesies, InvestNow and Generate increased their holdings of nuclear weapons producers over the period, while AMP, Goalsgetter and MAS reduced theirs.

Social harm, the traditional ethical categories of tobacco, gambling, alcohol and pornography,  remains the smallest category of concern, at $444 million (0.31%). This reflects the fact that these issues are relatively easy for fund managers to define and screen out, and many major KiwiSaver providers have had long-standing policies to exclude them. Surprisingly, there were increases in tobacco producers such as Philip Morris and BAT by Sharesies, Kernel and ANZ. 

Cashing in on global disruption

Taken together, these figures show a widening gap between the outcomes New Zealanders say they want from their KiwiSaver savings and where a meaningful slice of that money is actually invested. Surveys consistently show that human rights violations are the single issue New Zealanders are most concerned about avoiding in their investments, followed closely by weapons and animal cruelty. Yet these are precisely the categories where KiwiSaver providers have made the least progress, and in several cases have gone backwards.

Barry Coates explained: “The latest KiwiSaver investment data shows funds chasing investments in companies profiting from war, environmental damage and harmful company practices. Some Kiwis are fine with making money from the misery of others. But many others aren’t. Now they have the information to make informed choices.” 

The sharp increase in nuclear weapons investment is particularly striking. While most KiwiSaver providers have policies excluding investment in landmines or cluster munitions, far fewer exclude the catastrophic category of nuclear weapons production, despite New Zealand's long-standing national identity as a nuclear-free country and strong public opposition to nuclear weapons.

Similarly, the increases in fossil fuel investment come at a time when the economic case for renewable energy continues to strengthen. Renewable energy is now the cheapest and most efficient source of new energy generation in most markets, and fossil fuel companies face growing risks of stranded assets as production peaks and then declines globally. 

Barry Coates added: “KiwiSaver providers chasing short-term returns from fossil fuel expansion are taking on financial and climate risks that a genuine transition strategy would avoid.”

A tale of two portfolios

The strong flows into Contact, Meridian, Mercury, Kāinga Ora and Fisher & Paykel show that KiwiSaver providers are capable of directing significant capital toward companies delivering positive impact for New Zealand. Later this year, Mindful Money will launch a major new project, providing free information to the New Zealand public on investments by KiwiSaver funds into companies that generate positive outcomes. 

This investment in supporting the transition to renewable energy, providing affordable housing and supporting healthcare sits uneasily alongside the desperate drive for short term profits at any cost. Mindful Money believes that responsible funds should not sacrifice their principles in the sugar hit from short term profits, driven by policies largely influenced by President Trump – war and conflict, nuclear weapons, fossil fuel disruption and unregulated toxic chemicals.

Individual fund managers show real divergence in their approach. Some, such as Simplicity, BNZ, Aurora and MAS, have reduced their exposure to one or more categories of concern over the period. Others, including Milford, ANZ, Fisher Funds, Mercer, Sharesies, InvestNow and Generate, increased their holdings in at least one category flagged as a concern to the New Zealand public.  

Finding an ethical fund

KiwiSaver members do not have to accept this gap between their values and their investments. A small group of “Mindful Funds” meet Mindful Money's ethical criteria, combining strong ethical standards with solid financial performance, including funds from Pathfinder Asset Management, Generate, Simplicity, Booster SRI Funds, Harbour Asset Management, MAS and Always Ethical.

Members of the public can check exactly what their own KiwiSaver fund is invested in, and find a fund that better aligns with their values, for free, at mindfulmoney.nz.

About Mindful Money

Mindful Money is an independent New Zealand charity that empowers Kiwis to align their investments with their values, by tracking where KiwiSaver and managed fund money actually goes, and helping members of the public find funds that meet their ethical standards.

Notes: Full data tables and methodology are available on request. Figures are based on Mindful Money's analysis of reported portfolio holdings for 417 KiwiSaver funds as at March 2026.

Source: Earth Sciences New Zealand

Outlook Summary

Regional predictions for the next three months:

• Northland, Auckland, Waikato, Bay of Plenty
• Central North Island, Taranaki, Whanganui, Manawatu, Wellington
• Gisborne, Hawke’s Bay, Wairarapa
• Tasman, Nelson, Marlborough, Buller
• West Coast, Alps and foothills, inland Otago and Southland Coastal Canterbury, east Otago.

Outlook Summary

• El Niño conditions persist in the tropical Pacific atmosphere and ocean, and by all measures the event has strengthened over the last month – including the strongest atmospheric measurements on record for July. We remain in its early stages; impacts on New Zealand’s weather patterns are yet to be fully felt, but are anticipated during this outlook period.

• Air flow patterns are expected to eventually favour a prevailing westerly direction, characteristic of El Niño conditions, as the season progresses. This is expected to be more apparent from mid-spring onwards.

• Seasonal air temperatures for August – October 2026 are most likely to be near average for the east of the North Island. They are about equally likely to be near average or above average for all other New Zealand regions. This does not preclude occasional cold outbreaks, for example in early August, which are a typical aspect of late winter and spring weather patterns.

• Rainfall totals for August – October 2026 are about equally likely to be near normal or below normal for the north and east of the South Island, and the east of the North Island. Rainfall is most likely to be below normal for the remainder of the North Island. Meanwhile, rainfall is most likely to be above normal for the west of the South Island.

• New Zealand has experienced several heavy rain events from the north over the past year.

These northerly rain events have already reduced in frequency in recent months, and this trend is expected to continue. The main heavy rain threat instead is expected to shift toward the western and lower South Island.

• The likelihood of below normal rainfall in several regions is likely to translate to below normal groundwater recharge, creating challenges for water-reliant sectors.

• During August – October 2026, soil moisture levels and river flows are expected to be near normal or below normal for the east and north of both islands, the west of the North Island, and the north of the South Island. In the west of the South Island, they are expected to be near normal or above normal.

• Warmer-than-average subsurface ocean temperature anomalies have continued to strengthen and expand across the tropical Pacific, providing clear support for El Niño to intensify further and reach the very strong category in the coming months. Dynamical and statistical forecast guidance concurs, with approximately a 90% likelihood that the event will reach or exceed very strong intensity during the outlook period.

• Peak El Niño conditions are most likely to occur during the austral summer of 2026–27, with the potential for this event to have significant impacts. It is likely to develop into one of the strongest in recent history, as anticipated over the last few months (see El Niño declared, expected to intensify into one of the strongest on record).

• El Niño-related influences on regional weather patterns are expected to become more apparent later during spring as ENSO signals continue to strengthen. In New Zealand, this is expected to favour periods of active westerlies, bringing an increased risk of unusually windy conditions and notable temperature variability. How widespread and persistent these conditions become will depend on the location and strength of nearby high-pressure systems.

• Other climate drivers and intraseasonal oscillations, for example, the Indian Ocean Dipole, the Southern Annular Mode and the Madden Julian Oscillation will still contribute to New Zealand weather patterns, though El Niño is expected to be most dominant. In general, these other drivers are moving into phases which support El Niño-like impacts.

• Sudden Stratospheric Warmings (SSW) are historically rare in the Southern Hemisphere, but in recent years have become more common. Predictability is limited, but there is justification for enhanced monitoring over the coming weeks. If an SSW does occur, its impacts on New Zealand weather patterns can be delayed by a month or more.

• Out-of-season Southwest Pacific tropical cyclones (July–October) are extremely rare. When they do occur, it is almost always under El Niño conditions. This remote risk does not currently factor into New Zealand's current Seasonal Climate Outlook, although active monitoring remains in place.

Regional predictions for August – October 2026

The tables below show the probabilities (or percent chances) for each of three categories: above average, near average, and below average. In the absence of any forecast guidance there would be an equal likelihood (33% chance) of the outcome for any of the three categories. Forecast information from local and global guidance models is used to indicate the deviation from equal chance that is expected for the coming three-month period. All outlooks are for the three months averaged as a whole. During these three months, there will inevitably be relatively wet and dry periods, as well as hot and cold periods. The exact range in temperature and rainfall within each of the three categories varies with location and season. However, as a guide, the “near average” or middle category for the temperature predictions includes deviations up to ±0.5°C relative to the long-term mean, whereas for rainfall the “near normal” category lies between 80 percent and 120 percent of the long-term (1991-2020) mean.

Northland, Auckland, Waikato, Bay of Plenty

Probabilities are assigned in three categories: above average, near average, and below average.

• Temperatures are about equally likely to be above average (40% chance) or near average (45% chance).

• Rainfall totals are most likely to be below normal (50% chance).

• Soil moisture levels and river flows are about equally likely to be near normal (40% chance) or below normal (45% chance).

Central North Island, Taranaki, Whanganui, Manawatu, Wellington

Probabilities are assigned in three categories: above average, near average, and below average.

• Temperatures are about equally likely to be near average (40% chance) or above average (45% chance).

• Rainfall totals are about equally likely to be below normal (40% chance) or near normal (35% chance).

• Soil moisture levels are equally likely to be near normal (45% chance) or below normal (45% chance).

• River flows are about equally likely to be near normal (45% chance) or below normal (40 – 45% chance).

Gisborne, Hawke’s Bay, Wairarapa

Probabilities are assigned in three categories: above average, near average, and below average.

• Temperatures are most likely to be near average (45% chance).

• Rainfall totals are about equally likely to be below normal (45% chance) or near normal (40% chance) for the outlook period as a whole.

• Soil moisture levels and river flows are about equally likely to be near normal (45% chance) or below normal (40% chance).

Tasman, Nelson, Marlborough, Buller

Probabilities are assigned in three categories: above average, near average, and below average.

• Temperatures are equally likely to be near average (40% chance) or above average (40% chance). The likelihood of increased temperature variability, including larger swings between warm and cool conditions, as well as periods of unusually windy weather, is expected to increase during spring.

• Rainfall totals are about equally likely to be below normal (40% chance) or near normal (35% chance).

• Soil moisture levels and river flows are equally likely to be near normal (45% chance) or below normal (45% chance).

West Coast, Southern Alps and foothills, inland Otago, Southland

Probabilities are assigned in three categories: above average, near average, and below average.

• Temperatures are equally likely to be near average (40% chance) or above average (40% chance).

• Rainfall totals are most likely to be above normal (50% chance). The risk of active weather events, including heavy rainfall and strong winds, is forecast to increase during spring.

• Soil moisture levels are most likely to be near normal (50% chance).

• River flows are equally likely to be near normal (40% chance) or above normal (40% chance).

Coastal Canterbury and the nearby plains, east Otago

Probabilities are assigned in three categories: above average, near average, and below average.

• Temperatures are about equally likely to be above average (45% chance) or near average (40% chance). The likelihood of increased temperature variability, including larger swings between warm and cool conditions, as well as periods of unusually windy weather, is expected to increase during spring.

• Rainfall totals are about equally likely to be below normal (40% chance) or near normal (35% chance).

• Soil moisture levels and river flows are about equally likely to be near normal (45% chance) or below normal (40% chance).

The full probability breakdown is:

Graphical representation of the regional probabilities

Background

During July 2026, the Southern Oscillation Index (SOI) trended strongly negative, reaching its most negative July value on record since 1951, consistent with El Niño conditions. Based on daily observations through 29 July, the monthly SOI value was -3.4.

Sea surface temperature (SST) anomalies across the central and eastern equatorial Pacific continued to strengthen during July 2026, with positive anomalies now extending along the entire Equator east of the International Date Line. The Relative Niño 3.4 Index (RONI) averaged +1.4°C over the 30 days ending 29 July, well above the El Niño threshold. During August, the RONI is forecast to exceed +1.5°C, the threshold for a strong El Niño event. The current pattern of equatorial SST anomalies is consistent with the rapid development of a canonical El Niño event, similar to those of 1997/98 and 1982/83, in which the strongest warming is concentrated in the eastern rather than central Pacific.

During July, subsurface ocean temperatures across the equatorial Pacific were markedly above average and intensified further, particularly in the eastern Pacific (east of ~160°W). Temperature anomalies locally exceeded +8°C, occurring between depths of around 150 m (centred near 150°W) and 50 m (close to the South American coast). These subsurface anomalies are also continuing to be expressed at the surface, hence the continuing increases in the Relative Niño 3.4 Index.

Positive upper-ocean heat content anomalies (0-300 m) remain firmly established along the Equator east of the International Date Line. The magnitude of this subsurface heat reservoir is consistent with other observed indicators and with dynamical and statistical forecast guidance which together suggest that the ongoing El Niño is likely to reach very strong thresholds during the outlook period, and most likely continuing to strengthen further later in spring.

Rainfall and Convection: During July, enhanced convection and rainfall – indicated by negative outgoing longwave radiation (OLR) anomalies – was focused around the intertropical convergence zone (ITCZ) through the equatorial Pacific. Suppressed convection and rainfall – indicated by positive OLR anomalies – persisted across the Indian subcontinent and the maritime continent. This pattern of tropical rainfall anomalies was strongly consistent with an El Niño state and closely resembled a canonical El Niño configuration.

Trade winds remained dramatically weakened across the Pacific, and reversed entirely at times, characteristic of El Niño.

In summary, oceanic conditions are in an El Niño configuration, and setting the stage for further development during the outlook period, with particularly significant warmth (positive heat content anomalies) stored in the ocean along the Equator in the Pacific. These signals are only growing ever-stronger with time. Meanwhile, the atmosphere is also increasingly resembling El Niño. A fully-coupled El Niño has therefore emerged, although stronger ocean and atmospheric responses are anticipated as the event develops further.

The Relative Oceanic Niño Index forecasts indicate a 100% chance for El Niño conditions over the next three-month period (August – October 2026). The IRI/CPC forecasts also support this outlook. Further strengthening of the event is likely beyond the outlook period, and it is increasingly probable that the event will peak as one of the strongest on record.

The Southern Annular Mode (SAM) decreased from near record high values late in June, and showed a mixture of negative and positive modes throughout July. During August, the negative SAM mode is expected to be more common than it has been over the last two months, though occasional positive spells may still occur.

The Indian Ocean Dipole (IOD) value for July is neutral (+0.2°C). Forecasts from the Australian Bureau of Meteorology indicate that the IOD is likely to become positive over the next three month period, and is forecast to reach thresholds (+0.4°C) required to declare a positive IOD event during the spring season.

In the first week of July, the Madden Julian Oscillation (MJO) moved into the western Pacific, likely contributing to the low-pressure systems experienced in New Zealand. It then moved slowly eastwards, acting in concert with the El Niño. After making minimal impact in the Indian Ocean, it should emerge into the western Pacific again early in August, likely having some influence again on New Zealand weather patterns.

With the MJO in the western Pacific, it can also contribute to both oceanic and atmospheric components of El Niño strengthening further.

Local Sea Surface Temperatures (SSTs) are near average or above average around the majority of the country, and marine heatwave (MHW) conditions are continuing around much of the South Island and Tasman Sea. Forecasts from coupled ocean-atmosphere models for the next three-month period (see Sea Surface Temperature Update | Earth Sciences New Zealand | NIWA) indicate SSTs should continue to warm around the coastal waters of the country, especially around the South Island.

North NI +0.55°C

West NI +0.38°C

East NI +0.09°C

North SI +0.61°C

West SI +0.89°C

East SI +0.83°C

NZ 30-day coastal SST anomalies

(to 29 Jul 2026)

Figure 1: Latest 30 days SST anomalies to the 29 th July 2026, calculated with respect to the 1991-2020 climatological period.

* The Relative Oceanic Niño 3.4 Index (RONI) is a modern way of measuring oceanic El Niño and La Niña that is complementary to traditional oceanic indices. While traditional oceanic indices like the Niño 3.4 Index monitor SSTs in one region, the RONI compares the average SST in the central equatorial Pacific with the average SST across the global tropics. Since tropical rainfall patterns respond to changes in ocean temperatures, this new relative index can help forecasters better determine if the equatorial Pacific is warmer or cooler than the rest of the global tropics, which has become more challenging to discern as seas warm because of climate change.

Forecast Confidence

Temperature

Forecast confidence for temperatures is Medium. Cold weather in early August should then trend steadily towards milder conditions, ultimately influenced by the developing westerly conditions and warm seas

surrounding the country. Periodic cold outbreaks will still occur, as is normal for spring.

Rainfall Forecast confidence for rainfall is Medium-High. El Niño influenced rainfall patterns are expected to dominate the latter parts of the outlook period. Compared with previous outlooks, confidence is higher that any uncharacteristic rain events, such as in mid-August, will not upset the overall rainfall pattern over the three month period.

Notes

1. Earth Sciences New Zealand outlooks indicate the likelihood of climate conditions being at, above, or below average for the season as a whole, relative to the 1991-2020 average. They are not ‘weather forecasts’ as it is not possible to forecast precise weather conditions three months in advance.

2. The outlooks are the result of the expert judgment of scientists and forecasters. They take into account observations of atmospheric and ocean conditions and output from global and local climate models. The presence of El Niño or La Niña conditions and the sea surface temperatures around New Zealand can be useful indicators of likely overall climate conditions for a season.

3. The outlooks state the probability for above average conditions, near average conditions, and below average conditions for rainfall, temperature, soil moisture, and river flows. When a particular probability reaches or exceeds 60%, we conclude it is “very likely”.

4. This three-way probability means that a random choice would be correct only 33 per cent (or one-third) of the time. It would be like randomly throwing a dart at a board divided into three equal parts, or casting a dice with three numbers on it.

5. Where probabilities are within 5% of one another, the term “about equally” is used.

6. All outlooks are for the three months as a whole. There will inevitably be relatively wet and dry days, and hot and cold days, within a season. The exact range in temperature and rainfall within each of the three categories varies with location and season. However, as a guide, the “near average” or middle category for the temperature predictions includes deviations up to ±0.5°C for the long-term mean, whereas for rainfall the “near normal” category lies between 80 per cent and 120 per cent of the long-term mean.

7. The seasonal climate outlooks are an output of Predicting climate variability and change, a scientific research programme supported through Earth Sciences New Zealand’s Strategic Science Investment

Fund.

8. The forecast confidence meter for temperature and rainfall represents the expert judgement of Earth Sciences New Zealand climate scientists. It aims to synthesize various forecast elements, such as global and local climate drivers, in order to clearly communicate forecaster confidence in how all the evidence has aligned for the seasonal outlook.

Source: Public Service Association Te Pūkenga Here Tikanga Mahi

Commission staff raised political neutrality concerns that were not sufficiently heeded.

An independent review into the Public Service Commission’s paid Facebook advertising against striking health and education workers involved in the October 23 mega strike vindicates the PSA’s concerns about the controversial campaign.

The review shows the Commission’s own staff raised concerns about political neutrality early in the process, warnings that were not sufficiently heeded before a rushed, poorly governed campaign went ahead.

The reviewer, Wellington barrister Jane Meares, found: ‘Disquiet that I heard from a number of staff members was not surfaced in the way it should have been.’

“This review shows public servants at the Public Service Commission raised serious concerns, at several points, that were never properly resolved,” said Fleur Fitzsimons, National Secretary for the Public Service Association Te Pūkenga Here Tikanga Mahi. “Lessons must be learned about how to approach collective bargaining in good faith.

“The Commission should never have run paid advertising against striking health and education workers; they should have listened to these workers concerns and worked on resolving them. The advertising was inflammatory and unhelpful and should not occur again.

“The Commission’s own integrity team warned, before these ads ever ran, that unions are allowed to be political and the Commission is not; ‘we are the system leaders for political neutrality. We must role model best practice.’ Staff said it clearly. Management pushed ahead anyway.

“This report shows that the Commission ran a poor process, concerns were ignored, and decisions were rushed,” said Fleur Fitzsimons, who was interviewed as part of the review. “Bottom line, the Commission acted poorly in hatching this paid social media advertising against striking workers. Lessons must be learned.

“The PSA is currently in bargaining with agencies employing more than 10,000 public service workers,” Fitzsimons said. “Trust in the Commission’s political neutrality matters more than ever, and today’s findings show why that trust cannot be taken for granted.”

The PSA says this report is directly relevant to the Commission’s handling of its current dispute with the PSA over ‘change the government’ campaign material, after Commissioner Sir Brian Roche directed the union to stop displaying the postcards in workplaces.

“It’s a bit rich for Sir Brian to lecture us on political neutrality today, when his own integrity team warned him nine months ago that the Commission had to role model best practice, and he pressed ahead regardless,” Fitzsimons said. “That standard has to apply to the Commission itself, not just to unions.”

The PSA disputes the Commissioner’s views on the postcards.

“We stand by our right to inform our members about why we need to change the Government to one which properly values the role of the public service in delivering for New Zealanders. We are seeking an urgent meeting with him and we have legal advice supporting our position.

“We are always willing to have a genuine conversation about political neutrality,” Fitzsimons said. “But that conversation has to be a two-way street.”

The review found the Facebook campaign was developed in as little as four working days, with no completed integrity or legal review before the first adverts went live, while the Commissioner and his chief advisor were both on leave. The reviewer stopped short of finding the tiles breached political neutrality but found that even though analysis suggested the Commission ‘could’ run the advertising, staff were left unable to properly answer whether the Commission ‘should’ do so.

The reviewer also found the sign-off process itself lacked rigour: ‘The sign-off process for the tiles does not appear to me to have had the necessary rigour in the circumstances.’

Background on Facebook advertising issue:

19 December 2025 — Explosive document dump days out from Christmas exposes Govt’s cynical attack on striking workers: https://www.psa.org.nz/news-media/explosive-document-dump-days-out-from-christmas-exposes-govts-cynical-attack-on-striking-workers

1 December 2025 — PSA welcomes external review of Public Service Commission strike adverts – PM now needs to intervene in health dispute: https://www.psa.org.nz/news-media/psa-welcomes-external-review-of-public-service-commission-strike-adverts-pm-now-needs-to-intervene-in-health-dispute

The Public Service Association Te Pūkenga Here Tikanga Mahi is Aotearoa New Zealand’s largest trade union, representing and supporting more than 95,000 workers across central government, state-owned enterprises, local councils, health boards and community groups.

Source: Te Ara Ahunga Ora Retirement Commission

New research from Te Ara Ahunga Ora Retirement Commission reveals 55% of New Zealanders who have set up an emergency fund in the last three months can easily find money to cover an unexpected expense.

However, only 22% of New Zealanders who feel unlikely to set up an emergency fund can do the same.

The new research has been released as the Retirement Commission’s annual Sorted Money Month campaign kicks off on 1 August.

The theme for Money Month this year is emergency savings and coincides with the release of the new, free Sorted Buffer builder™ app, which helps New Zealanders automatically grow a cash cushion to cope with unexpected costs.

The new research from the Retirement Commission’s Financial Sentiment Tracker reveals the positive difference keeping emergency savings can make.

Retirement Commissioner David Boyle says having an emergency fund helps build financial resilience and creates a safety net to help absorb life’s unexpected expenses.

“Having an emergency fund reduces financial stress and helps you handle unexpected life events. Knowing you have money set aside specifically for unexpected expenses brings a sense of confidence and control.”

He says an emergency fund can help people avoid crisis borrowing and expensive debt when things go wrong, especially in the current challenging economic conditions.

“It also prevents people having to touch their KiwiSaver or withdraw from their long-term investments, so financial resilience ends up helping their future self to enjoy a better retirement outcome when they stop work.”

The new research found that in the year to June 2026, 62% of Kiwis have an emergency fund (compared to 58% the previous year).

“Whether it’s losing your job, needing a new car tyre or having to buy a new washing machine, an emergency fund provides peace of mind knowing you have money set aside to deal with life’s curveballs,” David says.

“Financial resilience is not about being wealthy, it’s about being prepared and it also reduces your financial stress which positively impacts your greater wellbeing.”

The new research also found that just having an emergency fund set up was associated with more positive financial sentiment.

It found that 59% of New Zealanders with a growing or sufficiently sized emergency fund feel very optimistic and confident about their future.

And 54% of New Zealanders who have set up an emergency fund within the last three months feel the same.

However, only 25% of New Zealanders who feel unlikely to set one up feel very optimistic or confident about their future.

This shows that people who have recently set up an emergency fund feel quite similarly to those who have an established emergency fund, so just setting one up is a great first step to make them feel more positive about their financial future.

The Sorted Buffer builder app was developed by Christians Against Poverty NZ (CAP) in partnership with the Retirement Commission, with some funding from Simplicity Foundation. The app connects to a user’s bank through Akahu, New Zealand’s open banking service.

CAP CEO Sam Garaway says an emergency fund helps people weather life’s storms and prevents them from tipping into financial hardship.

“We all know how challenging forming a habit can be. The Buffer builder app takes the friction out of saving by combining secure open banking technology with insights from CAP and Sorted to make savings automatic and easy.”

Sam says the number of people receiving CAP Debt Help is at a seven-year high.

“We’re hearing just how tough things are right now. With rising living costs and existing debt, it only takes a fall in income or a costly life event to send them into chaos,” Sam says.

Sorted Personal Finance Lead Tom Hartmann says even a modest emergency fund can provide breathing room.

“That’s why this Money Month we’re introducing Sorted’s Buffer builder app, so that people can more easily grow their emergency savings by paying themselves first, rounding up their spending, and topping up when they can. The app uses open banking data and AI to adapt to spending patterns and sets targets that make sense, wherever someone is at on their emergency savings journey.”

Simplicity Head of Education Jennie O’Donovan says Simplicity supported the creation of the Buffer builder app as it’s alarming to see how many New Zealanders struggle with an unexpected financial event.

“One of the big takeaways with the app is that your emergency fund doesn’t need to be built overnight. We know that having a clear goal and seeing progress makes saving feel much more achievable which ultimately buys you time and choices when the unexpected happens. We want that for all New Zealanders, which is why the Simplicity Foundation has supported this project.”

The financial sector and local grassroots communities are supporting Money Month with events and programmes across the country. These events can be found on the Sorted event calendar, allowing people to find out what is happening locally and get involved.

Notes to Editors

This research comes from the Retirement Commission’s Financial Sentiment Tracker, which surveyed approximately 4,000 New Zealanders aged 18+ across the year to June 2026.

About Te Ara Ahunga Ora Retirement Commission

Te Ara Ahunga Ora Retirement Commission aims to help New Zealanders to retire with confidence. Retiring with confidence means New Zealanders feel secure they’ll have resources to live and the know-how to make ends meet. We focus on three areas: Retirement Income Policies, Retirement Villages and Financial Capability. Te Ara Ahunga Ora runs Sorted, Sorted at Work, Sorted in Communities and Te whai hua – kia ora, Sorted in Schools and is responsible for the National Strategy for Financial Capability.

About Sorted

Sorted is a free service run by Te Ara Ahunga Ora Retirement Commission, the government-funded, independent agency dedicated to helping New Zealanders get ahead financially. As New Zealand’s trusted personal finance site, Sorted has the information needed to tackle debt, plan and budget, save and invest, optimise KiwiSaver, plan for retirement, protect wealth, and manage a mortgage. Providing tools, guides and blogs, Sorted serves 1.5 million Kiwi each year.

About Christians Against Poverty NZ (CAP)

CAP is a charity that offers free, confidential Debt Help and Financial Mentoring services for whānau in unmanageable debt. CAP Debt Help operates in 40+ locations across the motu, in partnership with local churches. Since launching in Aotearoa in 2007, over 4,700 households have been supported from money chaos to thriving. And 20,000+ New Zealanders have taken a free CAP Money course helping them to spend, budget and save well.

Source: Business Canterbury

For the first time, all eight South Island Chambers of Commerce have come together to launch a shared election policy platform, calling on all political parties to back the South Island as a driver of New Zealand’s next phase of economic growth.

The document, Growing New Zealand from the South: A Policy Platform for Election 2026, sets out a shared vision for unlocking investment, productivity and sustainable growth across the South Island economy, while providing political parties with a clear and actionable blueprint for supporting regional business success.

Representing around 7,000 businesses, the South Island Chambers are setting an ambitious goal – lifting South Island GDP per capita to at least $130,000 by 2035 and positioning the South Island above the national average in living standards and economic performance.

Business Canterbury Chief Executive, Leeann Watson said the manifesto reflects the level of alignment among South Island businesses and regions.

“This is the first time all eight South Island Chambers of Commerce have come together around a single policy platform, and that in itself sends a powerful message.”

“The South Island is already a major contributor to New Zealand’s economy. We produce a third of the country’s exports, attract billions in visitor spending, and are home to innovative businesses competing on the world stage. Growth is already happening here.”

“Our message to political parties is simple, if New Zealand wants stronger productivity, higher incomes and greater resilience, backing South Island growth is one of the smartest investments we can make. Our document sets out the practical steps needed to make that happen.”

The manifesto focuses on six priority areas: workforce and immigration, infrastructure, energy, compliance and local government, investment and capital, and exports and international growth. It calls for common-sense policy changes that unlock investment, improve connectivity, reduce unnecessary compliance, strengthen workforce settings and support businesses to grow.

Watson said the platform was deliberately focused on practical actions rather than politics.

“This isn’t about asking for special treatment. It’s about recognising where opportunities already exist and ensuring the policy settings help businesses realise them.”

“We’ve worked across regions and sectors to identify areas where there is genuine consensus. The result is a constructive, business-led roadmap that any party serious about growing the economy should be able to engage with.”

Southland Business Chamber Chief Executive Sheree Carey said the South Island had a unique opportunity to lead New Zealand’s economic future.

“From food and fibre to advanced manufacturing, energy, tourism and technology, the South Island has many of the ingredients needed to drive New Zealand’s next wave of growth.”

“What businesses need now is confidence that infrastructure, workforce and regulatory settings will support investment and innovation. This platform provides a practical starting point for that conversation.”

Nelson Tasman Chamber of Commerce Chief Executive Ali Boswijk said the strength of the manifesto was the fact it reflected a genuinely shared regional voice.

“The South Island is incredibly diverse, but what we’ve found through this process is that businesses across our regions face many of the same opportunities and challenges.”

“Political parties often tell us they want alignment, clear signals and specific asks from the business community. This document provides that. It is a consensus-based, solutions-focused platform that reflects what businesses on the ground believe is needed to unlock growth.”

Watson said the manifesto was ultimately about ensuring New Zealand’s long-term prosperity.

“The South Island already contributes around $100 billion to the national economy and has enormous potential to do even more. By backing innovation, investment and productivity, we can lift living standards, create opportunities for our communities and help grow the wider New Zealand economy.”

“The opportunity is clear. Now we need the policy settings and investment that allow the South Island to reach its full potential.”

Policy platform: https://mcusercontent.com/bb79559f49d81d2dc4753a1dd/files/1c2cd6d7-3439-db96-fb1a-8a53edd3a78b/South_Island_Election_Manifesto_Final_Version.pdf

About Business Canterbury

Business Canterbury, formerly Canterbury Employers’ Chamber of Commerce, is the second largest Chamber of Commerce in New Zealand and the largest business support organisation in the South Island. It advocates on behalf of its members for an environment more favourable to innovation, productivity and sustainable growth.

Source: Northland Regional Council

The Northland Regional Transport Committee (RTC) has welcomed the Government’s announcement that a public-private partnership agreement has been signed to deliver the Warkworth to Te Hana section of the Northland Expressway.

Transport Minister Chris Bishop announced a Project Agreement had been signed this week between the Crown and the Northway consortium, with detailed design, site mobilisation and early construction works are expected to begin in the coming months.

Over its life, benefits of the expressway are expected to include 145 fewer deaths and serious injuries and travel time savings of seven to 10 minutes per vehicle.

Joe Carr, Chair of the RTC, today (subs: Fri 31 July) acknowledged the unanimous and strong support of all four Northland councils and all our Members of Parliament for the route.

He says the announcement marks an important milestone for Northland and a major step toward improving safety and resilience on the region’s key transport corridor.

“The committee has consistently advocated for safer, more reliable and more resilient transport connections between Northland and Auckland, and we’re pleased to see this project moving from planning into delivery.”

The work will include a new 26-kilometre, four-lane expressway with grade-separated interchanges at Warkworth, Wellsford and Te Hana.

Cr Carr says Northland’s transport network is critical to the movement of people, freight and essential services.

“Strong transport links are fundamental to Northland’s economic growth and prosperity. They support our businesses, connect our communities and help ensure goods can move efficiently to markets.”

“This project will improve resilience on one of the country’s most important transport corridors and provide greater confidence for Northland residents, visitors and freight operators.”

“We acknowledge the Government’s commitment to progressing this project and look forward to seeing work get underway.”

Source: SAFE For Animals

Today marks the final day of greyhound racing in Aotearoa New Zealand, with the industry officially coming to an end from 1 August 2026.

For SAFE, this milestone reflects something bigger than the end of dog racing. It shows New Zealand is willing to question practices that no longer reflect our values or our expectations for how animals should be treated.

SAFE recognises the extraordinary commitment of Greyhound Protection League, HUHA, SPCA, Dogwatch, rescue organisations, volunteers, and the thousands of New Zealanders who campaigned for change by documenting welfare concerns, contacting decision-makers, signing petitions, attending protests and welcoming greyhounds into their homes.

“Today belongs to the greyhounds. It also belongs to everyone who never gave up on them,” says SAFE Campaign Manager Emma Brodie.

“Change like this doesn’t happen overnight. It happens because people continue speaking up, even when they’re told it’s impossible. Today’s outcome reflects years of persistence from organisations, advocates and everyday New Zealanders who believed greyhounds deserved better.”

While today is a day of hope, Brodie says it is also a time to remember the greyhounds who never got to experience life beyond the racetrack.

“Just days ago, five-year-old greyhound Tiger Jane lost her life on the track. Her death is a heartbreaking reminder of why this change was needed, and why today’s milestone matters. Today, we remember every greyhound who paid the price before this industry came to an end.”

From tomorrow, no more greyhounds will be bred into racing in New Zealand.

“That’s what makes today so significant. No more dogs will enter an industry where injury and death are accepted as part of the business. That’s something every New Zealander can be proud of.”

SAFE says the end of greyhound racing should inspire confidence that New Zealand can continue making meaningful progress for animals.

“History is shaped by moments like this. Practices once defended as tradition can become part of our past when they no longer reflect who we are or the values we aspire to,” says Brodie.

“We hope the end of greyhound racing signals a positive direction for Aotearoa, one where compassion increasingly guides our decisions, and we continue questioning systems that ask animals to suffer for the benefit of humans.”

About SAFE

SAFE is Aotearoa’s leading animal rights organisation. We’re creating a future that ensures the rights of animals are respected. Our core work empowers society to make kinder choices for ourselves, animals and our planet.

Notes:

• On 28 July 2026 at Addington Raceway in Christchurch, Tiger Jane fell when running with interference around the bend resulting in the greyhound getting dragged down. Referred to the Veterinarian where the greyhound was reported to have a fractured left humerus, she was euthanised due to the catastrophic nature of the injury. She was five years old.
• Since the ban on greyhound racing was announced on 10 December 2024, over 1,100 dogs have suffered raceday injuries requiring a standdown period — including 142 broken bones — and 22 dogs have died (as at 28 July 2026).