[Weekly wrap] Change needed
The impending departure of Reserve Bank governor Alan Bollard has sparked calls for changes to monetary policy; meanwhile, a Treasury report has been seen as a call for a capital gains tax.
The debate over monetary policy has been going on for years, but has been given fresh impetus by the announcement Dr Bollard will not be seeking another term when his current term ends in September. Central banks have been under greater scrutiny in recent years, with loose monetary policy, particularly by the US Federal Reserve in the early 2000s, considered by many economists to have played a significant role in the economic bubble that eventually popped in 2008, resulting in the global financial crisis ...MORE»
Treasury advocating strongly for CGTFriday, February 3rd, 6:00AM 2 comments
A new Treasury report highlighting vast differences in tax rates between asset classes is a thinly-veiled call for a capital gains tax, according to one tax expert. MORE» |
Adviser "angst" over anti-money laundering rulesThursday, February 2nd, 6:30AM 1 comment
New anti-money laundering requirements will be a headache for advisers, and will provide no benefit to them or their clients, according to IFA president Nigel Tate. MORE» |
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Kiwibank cuts. Just BNZ to go
Kiwibank has joined with most of the other banks and cut some of its fixed rate home loan rates, with decreases in its longer term loans. MORE»
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Too hard to read
Can companies rely on their policy documents if there is a dispute with a client over what is covered? MORE»
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Adviser "angst" over anti-money laundering rules
New anti-money laundering requirements will be a headache for advisers, and will provide no benefit to them or their clients, according to IFA president Nigel Tate. MORE»
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New NZX boss revealed
NZX names new chief executive to replace Mark Weldon. MORE»
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Big banks at risk of ratings downgrade
New Zealand's biggest banks are at risk of having their credit ratings cut, after Kiwibank and the big four Australian-owned banks were all placed on negative ratings outlook. MORE»
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[Breaking News] Kiwibank to buy Gareth Morgan Investments
Kiwibank has announced it will buy fund manager Gareth Morgan Investments (GMI), including the Gareth Morgan KiwiSaver Scheme. MORE»
