4 March 2010
The Irish government unveiled a set of sweeping reforms to the country's pension system which include raising the state retirement age to 68 and the introduction of a mandatory scheme for all workers in the coming years. The new National Pensions Framework foresees state pension age will increase from 65 to 66 in 2014, then to 67 in 2021 and 68 in 2028. The government also committed to retain the level of state pension at 35% of average weekly earnings.
19 February 2010
Commerce Minister Simon Power yesterday responded to all 60 of the recommendations made by the taskforce in December - 18 months after it was set up to try to breath new life into the market by making it more attractive to investment from individuals and companies.
19 February 2010
Workplace Savings NZ - the voice of workplace savings - says streamlining the transfer process between different providers is necessary to improve the KiwiSaver experience. The comments follow a meeting of KiwiSaver providers in Auckland this week.
17 February 2010
A bill that makes some small but important tweaks to new financial regulations passed its first reading in Parliament last night. The Financial Services Providers (Pre-Implementation Adjustments) Bill makes technical amendments to the Financial Service Providers (Registration and Dispute Resolution) Act and the Financial Advisers Act.
15 February 2010
Prime Minister John Key wants New Zealand to become an international financial hub specialising in the administration of overseas pension funds.
10 February 2010
Workplace Savings NZ has today submitted the following response to the Finance & Expenditure Select Committee on the Taxation (Annual Rates, TransTasman Savings Portability, KiwiSaver, and Remedial Matters) Bill. Click to read more.
9 February 2010
In his Statement at the opening of Parliament today, Prime Minister John Key said measures to reform the tax system would be introduced as part of the Budget in May. Any changes would be based on "equity and fairness". Mr Key has signalled changes to the way property is taxed, changes to personal income tax rates and says further work will be done on whether the rate of GST should be increased. He also said the Government had ruled out developing any proposals for a land tax, a general capital gains tax or a risk-free return method for taxing residential investment properties.
4 February 2010
Winston Churchill said that he had sometimes had to eat his words and found it a wholesome diet. Prime Minister John Key needs to follow the great man's example with respect to his pledge to resign rather than tamper with the entitlement parameters of New Zealand Superannuation.
3 February 2010
The budget will be delivered on May 20 but New Zealanders may get a better idea about the Government's plans for the tax system next week, Finance Minister Bill English said yesterday.
2 February 2010
It's not often the numbers man gets the top job where managing people is just as important as making money. But after 10 years at Tyndall Investment Management, Peter Lynn, a self-confessed maths-lover and actuary, says he is ready to take up the managing director's mantle.