Articles tagged with 'Budget'

Budget delivers for stricken advisers, FMA

14 May 2020 - This year’s Budget will provide a boost for struggling financial advisers, Financial Advice New Zealand says – and should shore up confidence in the sector with funding for the Financial Markets Authority.

Industry welcomes wage subsidy extension

14 May 2020 - Advisers have welcomed the extension of the Government's Covid-19 wage subsidy scheme, and say the additional payments will help those hit hardest by the lockdown. 

Budget 2020: Social housing boost

14 May 2020 - Rebuilding New Zealand post-Covid-19 was, as promised, the focus of Budget 2020 - and it turns out that includes the roll-out of a big social housing building programme.

Financial advisers should get Budget boost: Shanks

7 May 2020 - Funded financial planning advice should be included in this year’s Budget, Financial Advice New Zealand chief executive Katrina Shanks says.

FMA still working on funding for FSLAA

6 June 2019 - The Financial Markets Authority didn't ask for any extra funding in this year's Budget to help with implementing a new licensing regime for all...

Association to lobby minister for KiwiSaver changes

31 May 2019 - Financial Advice New Zealand is making a set of KiwiSaver recommendations to Commerce Minister Kris Faafoi in the wake of the 2019 Wellbeing Budget.

KiwiSaver changes “chip away at certainty around retirement planning"

16 June 2011 - Budget changes to KiwiSaver may make the scheme less attractive for people to join, according to Tower Investments CEO Sam Stubbs.

Rates Round Up

1 June 2009 - Kiwibank happy with TD Tuesday's uptake; Vector bond sale raises $150 mln; Govt may align PIE and personal taxes

Budget 2009: AXA Budget Commentary 2009

29 May 2009 - The 2009 Budget has been set in challenging economic and fiscal times and the Government has had to balance a number of competing objectives. They need to continue to support the economy during the worst part of the recession but, at the same time, ensure a pathway back to fiscal sustainability.

Suspending NZ Super Fund contributions increases burden: Mercer

28 May 2009 - Plans to suspend contributions to the New Zealand Superannuation Fund until 2021, announced in today's Budget, are a short-term action and could bring long-term pain, according to consulting, outsourcing and investments firm, Mercer.

Budget 2009: Almost $12 million extra for financial adviser watchdog

28 May 2009 - The government has announced an extra $11.7 million for the Securities Commission over four years to implement a regulatory body for financial advisers, before expecting it to become self-funded through fees and levies.

Budget 2009: NZ ends tax cuts, pension contributions as deficits soar

28 May 2009 - New Zealand's government scrapped tax cuts scheduled for the next two years, suspended contributions to the Super Fund and capped new spending to curb a projected surge in public debt as the recession stretches through a second year.

Budget 2009: Primary Growth Partnership replaces Fast Forward Fund

28 May 2009 - The government earmarked $321 million for research and development, including $190 million over the next four years to replace the previous administration's $700 million Fast Forward Fund.  

Budget 2009: NZ Govt bond sales to soar 55% as deficits balloon

28 May 2009 - New Zealand will increase its bond sales by 55% this year as the shrinking economy erodes tax revenue, forcing the government to fund its operations via debt.

Budget Preview: Watching for surprises

28 May 2009 - The National government's first Budget is something analysts like AXA Global Investors chief economist Bevan Graham will be watching closely to see if there are any surprises.

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