News

The Pension Communications Project 2010

1 February 2010

Defined Contribution (DC) pension plan members in the UK have low engagement with their retirement benefits.  To help address this important issue, a syndicate of leading UK pensions industry firms have sponsored a project to learn from examples of pensions workplace communications excellence around the world.

Commission to clarify definition of financial planning service

29 January 2010

The Securities Commission says it recognises that financial advisers are confused about the Financial Advisers Act definition of a "financial planning service" and it is working on giving the definition more clarity.

Super Fund outsources to Milford

27 January 2010

The New Zealand Super Fund has outsourced the management of part of its New Zealand share investment a year after bringing some of its managed funds in house.

Inflation fall gives Reserve Bank breathing space

21 January 2010

A 0.2 per cent fall in the December quarter Consumers Price Index (CPI) is seen giving the Reserve Bank breathing space as it decides when to start raising interest rates.

Tax reform set to be radical but 'fairer'

20 January 2010

Property investors face higher taxes and company taxes could fall as the Government considers radical options for reform. A tax working group, led by Victoria University professor Bob Buckle, will today issue its 70-page report outlining options for change.

Embed with KiwiSaver

15 January 2010

Thanks to New Zealand's best-loved finance writer, Mary Holm, I no longer have to scour the entire Capital Markets Taskforce (CMT) Report looking for the bits that interest me - professionally, that is.

Kiwis may not be such poor savers after all

14 January 2010

Research by Treasury economists casts doubt on the conventional view that we are hopelessly improvident and feckless.  The conventional view is founded on estimates of household saving rates which show households year after year spending more than they earn - $1.14 for every $1 of income in the year to March 2009.  But saving rates are slippery things to grab hold of and measure.

Taskforce just the start for industry

21 December 2009

The research house that slammed New Zealand's fund management industry with a D-rating says recommendations by the Capital Markets Development Taskforce are a good start but still won't bring New Zealand in line with the rest of the world.

Financial Service Provider Act changes ‘provide relief for employers’

11 December 2009

The recent introduction to parliament of the Financial Service Providers Bill will offer more certainty to employers who assist their employees with retirement savings arrangements.

Dairy Industry Superannuation Scheme wins top savings award

4 December 2009

The Dairy Industry Superannuation Scheme and Forsyth Barr were the big winners at the Workplace Savings NZ Communication Awards 2009, held in Auckland on Thursday 3 December.