Weekly Wrap: Kiwisaver legislation
The former is the introduction of the Kiwisaver legislation
into Parliament. The second is the handover of the top job
at ING.
Considering Kiwisaver is so big it’s somewhat of a surprise
that the media haven’t covered it in huge detail. The
Supertalk
section of Good Returns has some good coverage, along
with a story on how it impacts – or not – on advisers.
There is more on this topic in my Blog
and also Russell Hutchinson has penned an excellent piece
which is in the next issue of ASSET Magazine. (If you would
like to read Russell’s piece please click
here).
Over at ING, Paul Fyfe stepped down this week.
Newslinks
Advisers don’t have a role in KiwisaverInsurance News
Finalists for Morningstar awards announced
AXA buys more of Salvus
News Round Up
AMP has some interesting comments on under-insurance and the critical role advisers play. I recommend you read this. Also interesting is how the whole insurance sector seems to be singing together on this issue.
Deposit
rates news
This week we have our regular weekly
wrap of events which include Marac’s performance,
First NZ Capital’s new service and an update on the
sale of North South Finance.
The main
story of the week is contributory mortgage firm
CMI getting into trouble with the Securities Commission.
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