News

Grandfathering employer super schemes 'not credible'

4 August 2010

A Government suggestion to force the closure of employer-based defined contribution superannuation plans is a "bombshell" and "not a credible option", according to a commercial lawyer specialising in superannuation.

Review of Securities Law

13 July 2010

The long anticipated review of New Zealand's securities law is now underway with the launch of a 200-page discussion document seeking input on the scale, scope and direction of change.  Submissions to the Ministry of Economic Development (MED) close on 20 August 2010.  To inform our submission to the MED we invite members of Workplace Savings to share their views and/or concerns to the questions raised in the discussion document.

Is KiwiSaver a cannibal?

5 July 2010

If there was ever any doubt that KiwiSaver has been the saviour of New Zealand's retail funds management industry the latest quarterly figures from the trans-Tasman alliance of actuarial firms, Plan for Life and Eriksen & Associates, put that to rest.

KiwiSaver funds double with 1000 joining daily

1 July 2010

nvestors have $5.5 billion in KiwiSaver funds, more than double the amount a year ago, with 1000 new members joining every day, according to an investment strategist.  People put about $2.85b in contributions into KiwiSaver funds in the year to March, according to actuaries and investment strategists Eriksen and Plan For Life.

Parliament passes adviser law

23 June 2010

The Financial Service Providers (Pre-Implementation Adjustments) Act - which was released less than two weeks ago containing substantial changes to the way in which advisers will be regulated - has this morning been passed into law.

NZ ready for compulsory savings - NZX Chairman

18 June 2010

NZX chairman Andrew Harmos believes New Zealanders are "ready for some compulsion" in their savings.