Blog: What really needs to be done about KiwiSaver funds
Isn’t it odd how one rogue event can taint a whole lot of people and cause government’s into knee jerk reactions.
Yes I am talking about KiwiSaver and the Commerce Minister’s statement this week about bringing forward a review of some of the regulatory functions. Some of the ideas such as having the same reporting requirements for default and non-default providers makes sense. But the idea of a “super-regulator” seems to be a huge over-reaction. Why not, instead of creating another government department, make sure the rules in place now are properly enforced? You have to look no further than the trustees on this one ...MORE»
Minerva to take over running PISFriday, March 12th, 12:07PM
Maurice Trapp's insurance group Minerva is to take over running PIS in New Zealand following the resignation of PIS general manager, David Keys. MORE» |
Property syndication coming back to lifeFriday, March 12th, 5:37AM
Investor interest in property syndicates could be on the cusp of coming back to life both across the Tasman and closer to home. MORE» |
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Bollard sticking to the script
Reserve Bank governor Alan Bollard stuck to the script in leaving interest rates unchanged and indicating he may start hiking about the middle of the year.
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MARAC accepted into extended guarantee scheme
MARAC Finance has been approved under the extended Retail Deposit Guarantee Scheme.
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AIG makes another big asset sale
American International Group (AIG) agreed to sell American Life Insurance (Alico) for US$15.5 billion to MetLife on Monday making it AIG's second big asset sale in a week.
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MARKET CLOSE: NZ shares slip; Warehouse down after result, PGC gains
New Zealand shares fell, as Warehouse Group posted weaker first-half operating earnings and forecast a flat full year. Pyne Gould Corp. advanced after its Marac unit gained admissions to the extended guarantee scheme MORE»
