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News
KiwiSaver change shrugged off
12 May 2011
Fund managers and business groups are not panicking about changes to KiwiSaver, despite news that both employers and employees will have to lift their contribution.
PM: Budget 2011 will be responsible, affordable
11 May 2011
IN his speech in Wellington today, Prime Minister John Key says Budget 2011 will be responsible and measured, and ensure expensive programmes like KiwiSaver, Working for Families and interest-free student loans are affordable into the future.
KiwiSaver changes worry employers
11 May 2011
As speculation mounts over the Government's intentions for KiwiSaver, a group representing employers who offer workplace retirement plans is concerned that tinkering with the scheme may deter people from joining.
Super rises 19% under National, PM tells Greypower
9 May 2011
In a speech to Greypower, Prime Minister John Key told the audience at their AGM in Hamilton that the National Government has delivered to superannuitants and will continue to do so.
Building Trust in Financial Markets
4 May 2011
The Government has a golden opportunity in this year's Budget on 19 May to continue to build trust in New Zealand's financial markets by not tinkering with KiwiSaver benefits. Workplace Savings NZ Chairman David Ireland says the industry considers it highly likely that KiwiSaver incentives are at the top of the list of the Government's savings targets in the upcoming Budget, and another casualty might be the first home deposit subsidy from Housing New Zealand.
New financial markets watchdog opens for business
2 May 2011
The Financial Markets Authority officially opened for business today, almost a year to the day after Commerce Minister Simon Power announced its formation. The FMA takes over the functions of the Securities Commission and Government Actuary which are being disestablished, and consolidates other regulatory functions from the Ministry of Economic Development.
New board members for Workplace Savings NZ
29 April 2011
Following a hotly contested election process, Workplace Savings NZ (the voice of workplace savings) has welcomed four people to its Council Board at the association's Annual General Meeting held in Wellington this week.
OECD supports capital gains tax, lifting retirement age
27 April 2011
A new report by the Organisation for Economic Cooperation and Development (OECD) argues New Zealand to favour a capital gains tax, and lift the retirement age.
KiwiSaver relief for earthquake-affected Cantabrians
19 April 2011
Commerce Minister Simon Power today announced relief for earthquake-affected Cantabrians who have KiwiSaver accounts by making it easier for them to withdraw their contribution.